EUR/USD climbed to 1.1760 as Fed rate cut hopes grow, with traders eyeing a test of 1.1830–1.1900 ahead of US CPI data and the ECB’s policy decision.
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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Solana’s price is up 5% over the last 24 hours to trade at $213 at the time of writing on Monday. This recovery has fueled hopes of a continued SOL price rally into new all-time highs above $600, fueled by macroeconomic shifts and technical strength.
EUR/USD surged to a five-week high near 1.1750 as weak US jobs data fueled Fed cut bets, with ECB stability supporting a bullish bias toward 1.1830.
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Gold soared to a record $3,600 as weak US jobs data boosted Fed rate cut expectations, leaving XAU/USD bullish but vulnerable to short-term profit-taking.
The USD/MXN is trading near the 18.69500 vicinity in early trading today, which is seeing fast changes to value based on bids and asks remaining rather wide.
Lagging annual earnings per share growth compared to its peers, expensive valuations, and contracting free cash flow margins pose notable headwinds. Will the breakdown lead to a more notable correction?
The move towards healthier fast dining experiences pressures traditional fast-food companies into a race to adapt. Will a breakdown below its horizontal resistance zone spark a profit-taking sell-off?
On Thursday of last week the USD/ZAR traversed above the 17.81000 level as sentiment proved cautious, but after the weaker than expected U.S jobs numbers the currency pair moved lower.
Forex markets continue to be very quiet, but the Australian Dollar is showing a little activity so it might be wise to trade here today.
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Bitcoin failed at the 50-day EMA near $113,200 after weak US jobs data sparked risk-off sentiment, leaving $110K and $108K as key supports.
USD/CHF plunged below 0.80 Friday after weak US jobs data, with 0.81–0.82 as resistance while safe-haven flows favor the Swiss franc.
The S&P 500 reversed early gains Friday as weak jobs data sparked growth fears, with 6336 and 6200 eyed as key support levels.
The euro rallied Friday after weak US jobs data boosted Fed rate-cut bets, with 1.18 as key resistance and 1.16–1.14 as major support levels.
Bitcoin remains capped under $112K despite strong ETF inflows, with traders eyeing 107,300 support and 113,500 resistance as US inflation data looms.
GBP/USD advanced to 1.3500 after weak US jobs data, with bulls targeting 1.3600 as Fed cut expectations rise while the BoE holds steady.