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.
Bitcoin fell sharply on Friday as resistance near $92,500 held firm. Misinformation and fear dominate sentiment, with downside risk below $80,000.
CAD/JPY surged Friday after a strong Canadian jobs report, as yen weakness persists. Key support near 111 and 110.50 underpins bullish momentum, with upside targets at 113 and 114.
Organic revenue growth challenges, declining gross margins, a worsening debt-to-asset ratio, and negative EPS growth plague MMM. What will follow the breakdown?
High valuations, negative operating cash flow, EPS contraction, and weak margins power the bearish scenario. More downside ahead for Constellation Energy?
Defensive portfolio qualities, healthy profit margins, and low valuations lead my bullish call on AT&T. Is it time to dial in?
Bitcoin is looking stronger after making another higher low, at $89,507.
USD/CAD dropped sharply after Canada’s employment data far exceeded expectations, though long-term volatility and key technical levels suggest a possible pullback toward 1.3750 before any reversal.
USD/JPY bounced after early weakness as core PCE data met expectations, with technical support holding and focus shifting to next week’s FOMC rate decision and Powell’s guidance.
EUR/USD remains directionless ahead of the FOMC decision, with the euro struggling to gain momentum amid neutral inflation data and growing expectations for stronger U.S. economic performance.
Gold prices remain in a strong uptrend, with buyers stepping in on dips and momentum targeting $4,400–$4,500, backed by central bank demand and technical strength above $4,200 support.
The Nasdaq 100 pushed higher early Friday but faced resistance as market sentiment wavers on Fed rate cut speculation and AI valuation concerns, though the longer-term trend toward $26,000 remains intact.
AUD/USD has extended its rally ahead of the FOMC decision, boosted by expectations of a Fed rate cut and diverging RBA policy.
The GBP/USD pair surged to multi-week highs as traders price in a Fed rate cut and await UK GDP data. With bullish technical indicators and rising market optimism, the pair is targeting the 1.3500 resistance, though upcoming macro data could influence short-term direction.
EUR/USD holds firm above the 50-day EMA and flashes a green Supertrend signal as traders await the Fed's rate decision; 1.1800 remains the next key resistance.
Markets are again dominated by risk-off sentiment, boosting stocks and sending the US Dollar lower, with Silver still leading precious metals higher.
