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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The EUR/USD pair faces pressure from geopolitical risks, US tariff threats, and anticipation of Jerome Powell's testimony, with bearish and bullish scenarios outlined.
USD/TRY stabilizes near 36, with bullish momentum supported by tighter Turkish monetary policy and inflation control efforts, targeting resistance at 36.25.
GBP/USD faces strong selling pressure, dropping to 1.2376 as BoE rate cuts and economic challenges weigh, with support at 1.2290 and resistance at 1.2600.
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Gold approaches $2,900 as safe-haven demand surges, with bullish momentum targeting $3,000 amid trade wars and looser monetary policies.
EUR/USD struggles below 1.0305 support as strong US labor data and Fed policies pressure the euro, with parity increasingly in focus amid bearish sentiment.
USD/JPY approaches key support at 151.20, with yen strength fueled by BoJ tightening expectations, while bulls and bears watch levels at 152.00 and 150.00, respectively.
USD/MXN trades in a steady range near 20.59690, with resistance at 20.61300 and support at 20.59500, as market sentiment hinges on US-Mexico relations and Fed caution.
USD/ZAR faces volatility after a gap higher, with key support at 18.42600 and resistance at 18.45400, as political and market sentiment drive short-term moves.
GBP/JPY trades choppily as BoE rate cuts weigh on the pound, while BoJ's potential tightening supports yen strength, with key levels at 190 and 185 yen.
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USD/CHF climbs amid Fed stability and SNB rate cuts, with a potential breakout above 0.92 targeting 0.95 and parity, supported by long-term bullish momentum.
Gold tests $2,900 resistance before retreating, as market confusion post-NFP supports buying pullbacks near $2,800 in the ongoing bullish trend.
The NASDAQ 100 remains range-bound, with resistance at 22,000 and support at 21,000, as traders cautiously buy dips near 21,300 amid mixed Fed signals.
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The Canada 60 consolidates as strong employment growth raises questions about BoC policy, with key levels at C$1550 resistance and C$1500 and C$1450 support.
USD/JPY experienced Friday volatility as mixed US job data and BoJ tightening hints shape market sentiment, with focus on ¥153 resistance and ¥150 support levels.
The New Zealand dollar struggles against the US dollar, facing resistance at 0.57 and support at 0.5550, with a downside bias amid Fed hawkishness and economic headwinds.