Bitcoin fell to approximately $73,500 over the weekend, its lowest level since August, as more than $1 billion in crypto positions were liquidated over the last 24 hours.
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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USD/CHF rallied following stronger-than-expected US employment figures, reinforcing expectations that the US dollar could benefit from a favorable interest-rate differential against the Swiss franc.
USD/MXN weakened despite stronger-than-expected US employment figures, as expectations of resilient US demand supported the outlook for Mexican exports.
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EUR/USD extended its decline after stronger-than-expected US employment figures reinforced expectations of tighter Federal Reserve policy.
Volatility in Gold is a clear sign that speculative forces are turning their attention to the commodity again, particularly as outlooks regarding global affairs remain unclear.
USD/JPY recovered from an early decline following stronger-than-expected US employment figures, reinforcing the author's bullish outlook.
USD/CAD rallied after US employers reportedly added 165,000 jobs, beating expectations, while Canada unexpectedly lost 4,500 positions.
Copper is testing its 200-day EMA as buyers attempt to stabilize prices following recent volatility. A sustained move above $6.50 could encourage further buying, while a breakdown below recent lows would put the important $6 support level back in focus.
AUD/USD extended its decline to 0.6862, its lowest level since April, after stronger-than-expected US employment data increased expectations of further Federal Reserve tightening.
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Bitcoin remains under pressure following stronger-than-expected US employment data and reported outflows from US spot Bitcoin ETFs.
EUR/USD Signal: Bears Eye 1.1176 Resistance
GBP/USD reversed from its recent high near 1.3501 and slipped toward 1.3350 following the Bank of England's rate decision and stronger-than-expected US employment figures
EUR/USD’s response around support at 1.11730 may help clarify whether the latest retreat is stabilising. Holding this level and establishing progressively higher support would lend the recovery more credibility, particularly if equity market sentiment improves.
After spending a solid couple of weeks in the midst of heightened fear regarding what could happen to supply for WTI Crude Oil if conditions were to worsen in the Middle East, suddenly many large players seem to be edging towards the outlook that less dangers exist...
The crypto market has steadied after a broad selloff, yet the pause feels less convincing once the surface is stripped away.