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.
Silver has bounced from the important $55 support level but continues to trade within a volatile range as US interest rates weigh on momentum.
USD/JPY continues to find support near the 200-day EMA as an ascending triangle develops beneath ¥159 resistance.
While the EUR/USD certainly has provided evidence that lower realms seen in the middle of last week were too low, the ability to confront higher realms and continue climbing is not likely to remain a strong temptation quite yet.
AUD/USD remains under selling pressure after disappointing Australian employment data reduced expectations of another RBA interest rate hike.
GBP/USD has rebounded sharply following dovish Fed commentary, but the broader bearish outlook remains intact as traders await key UK employment and inflation data.
EUR/USD remains vulnerable to selling pressure as rising oil prices, French political unrest and uncertainty over Federal Reserve policy influence market sentiment.
BTC/USD Signal: Bitcoin Eyes Breakout Above $82,875
Short-term pullbacks continue to get bought into as traders are watching this behavior very closely. The $95 level has acted as a nice support level over the last 48 hours, and, for that matter, three days ago was a bit of a magnet for price.
For participants watching names outside the top of the cap table, the week has meant broad pressure. BTC's relative stability is the exception. Wider health would require much stronger participation across the field.
Meta title: Dollar Outlook After Inflation Shock Hits Tech and Oil
The dollar, major currency pairs, gold, silver, Bitcoin and the Nasdaq 100 end the week with mixed movements. US bond yields and key technical levels remain central to the market backdrop.
USD/CHF declined on Thursday as falling US Treasury yields temporarily weakened the dollar and prompted some unwinding of carry trades.
EUR/USD rebounded on Thursday as falling US Treasury yields weakened the dollar despite stronger-than-expected US inflation data.
Copper rebounded from the key $6.50 support level on Thursday as supply concerns linked to a labor dispute in Chile and signs of improving Chinese demand supported the bullish outlook.
AUD/USD fell sharply on Thursday after Australia unexpectedly lost more than 39,000 jobs, triggering a steep decline in expectations for an RBA interest rate hike.
