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 NASDAQ 100 continues consolidating between key support at 21,000 and resistance at 22,000, with long-term bullish momentum driven by strong tech demand.
The euro surged to the 50-day EMA but faces strong resistance, with technical indicators and economic factors suggesting further downside potential.
The US dollar has weakened against multiple currencies, including the Swiss franc, but with the 50-day EMA near 0.90 and Swiss rate cuts, value-seeking traders may look to buy.
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USD/CAD tests the 50-day EMA near 1.43, as traders await US and Canadian employment data to determine the pair's next direction.
USD/MYR remains within its established range after early volatility, as traders focus on support at 4.4300 and market reactions to US economic data.
USD/INR climbs to record levels, with traders watching the Reserve Bank of India’s policy moves and potential rate cut for further direction.
Bitcoin has been overshadowed by Gold lately, as it fails to share in the recent rise to new highs and trades sideways.
USD/PHP consolidates between 57.75 and 59.00, with traders awaiting a breakout while monitoring key technical levels.
Bitcoin remains range-bound between $90K and $110K, with traders watching Fed policy and a potential breakout toward $130K.
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Gold surges with strong momentum toward $3,000, though traders anticipate a pullback to $2,800 for better entry opportunities.
USD/MXN remains range-bound between 20 and 21 pesos, as traders await US jobs data and monitor the 50-day EMA for directional cues.
USD/JPY tumbles as BoJ hints at policy shifts, but key support at the 200-day EMA and upcoming US jobs data could determine the next trend.
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AUD/USD recovers but stays below key resistance, forming a bearish flag pattern as traders watch US jobs data and trade tensions for direction.
GBP/USD climbs as markets anticipate a BoE rate cut, with traders watching key resistance at 1.2610 and upcoming US jobs data for direction.
EUR/USD rises amid easing trade risks and a bullish double-bottom pattern, with traders eyeing resistance at 1.0530 ahead of US jobs data.