The British pound fell sharply against the dollar before recovering near 1.3550, with Thursday’s NFP report expected to drive major GBP/USD volatility.
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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Apple (AAPL) appears poised for a bullish breakout as it tests $214 resistance ahead of NFP, with momentum building toward a potential $225 target.
The euro continues to find strong support near 0.93 against the Swiss franc, with range-bound trading likely to persist amid shifting risk appetite and SNB scrutiny.
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The S&P 500 maintains bullish momentum with buyers eyeing 6,300, while pullbacks to 6,150 or lower offer potential entry points amid Fed policy speculation.
The NASDAQ 100 continues to rally ahead of U.S. jobs data, with buyers defending the 22,000 level and aiming for a breakout toward 25,000 in the coming weeks.
The euro showed renewed strength on Wednesday amid U.S. data confusion, with traders eyeing 1.16 as key support ahead of Thursday’s NFP-driven volatility.
USD/JPY remains range-bound above key 142 support ahead of U.S. NFP data, with rate differentials and BOJ risks keeping bullish prospects alive toward 148.
Bitcoin continues to attract dip buyers ahead of the U.S. jobs report, with a breakout above $112K likely triggering a run toward the $120K resistance zone.
The euro continues to surge against the dollar, supported by ECB signals and dollar weakness, with 1.20 in sight as overbought conditions set the stage for key data.
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Gold (XAU/USD) continues its bullish rebound toward $3400, supported by a weakening dollar, rate cut expectations, and ongoing geopolitical uncertainty.
The USD/BRL pair remains under pressure as traders follow the bearish trend, with USD weakness, risk sentiment, and upcoming data shaping short-term direction.
The U.S. dollar bounced off key 1.35 support against the Canadian dollar after strong labor data, as markets reassess Fed cut timing amid ongoing trade tensions.
The U.S. dollar bounced off key 1.35 support against the Canadian dollar after strong labor data, as markets reassess Fed cut timing amid ongoing trade tensions.
Bitcoin continues to consolidate between $100K and $110K as traders await a risk-on catalyst, with technicals pointing to solid support near $100K.
The FTSE 100 bounced off its 50-day EMA on Tuesday, reinforcing bullish momentum as buyers look to defend the 8700 zone amid an ongoing uptrend.