The S&P 500 churns ahead of Thursday’s NFP data as traders watch pullback buying opportunities, triangle formation risks, and a potential move toward 7,600.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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EUR/USD tests critical 1.14 support ahead of US jobs data as Fed rate hike expectations, central bank divergence, and Dollar strength pressure the Euro.
The NASDAQ 100 pulls back ahead of pivotal US NFP data as traders reduce risk, interest rate expectations rise, and tech sentiment remains cautious.
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AUD/USD remains under pressure ahead of US NFP data as bearish technical patterns, Fed expectations, and key support near 0.6828 shape the outlook.
BTC/USD stabilizes near $60,000 as ETF outflows, Strategy selling concerns, hawkish Fed signals, and long-term holder buying shape Bitcoin’s outlook.
EUR/USD turns bearish after softer European inflation, Kevin Warsh’s hawkish tone, and a death cross pattern ahead of key US NFP data.
Gold remains under bearish pressure near $4,000 as US Dollar strength, Fed rate hike expectations, weak technical indicators, and NFP data shape the outlook.
The EUR/USD currency pair is attempting to recover a portion of its losses at the start of July trading, after ending June with its steepest monthly bearish wave in several months. This comes amid persistent pressure stemming from slowing European inflation
The USD/SGD remains within the upper part of its mid-term price realm, the currency pair is near the 1.29625 ratio as of this writing with quick changes being displayed on trading platforms.
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Bitcoin Below $60K: Strategy’s ‘Never Sell’ Pivot and What It Means for BTC Traders
The USD/BRL closed yesterday’s trading near the 5.1690 ratio, while some downside has been sustained over the past few days the currency pair remains within an elevated mid-term realm via a one month chart.
AUD/USD: Bearish Channel Persists
BTC/USD remains under pressure as Bitcoin ETF outflows, possible Strategy sales, stock market rotation, and bearish technical patterns weigh on the outlook.
GBP/USD steadies ahead of US jobs data and Warsh and Bailey speeches, but bearish head-and-shoulders and cup-and-handle patterns pressure the outlook.
EUR/USD retests key resistance near 1.1415 as traders watch Kevin Warsh’s speech, ECB comments, US jobs data, and bearish technical signals.