Natural gas recovered from a gap lower, holding above the 200-day EMA as traders look for dip-buying opportunities and a potential run toward $4.
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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GBP/USD is consolidating after its recovery, facing resistance from last week’s highs while volatility builds between the 50-day and 200-day EMA.
AUD/USD is consolidating below $0.6600, with signals pointing to a potential bullish breakout if buyers clear resistance at $0.6609.
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BTC/USD has formed a double-bottom pattern, rebounding above $114K with bullish potential toward $118K amid US jobs data and shutdown risks.
GBP/USD remains below the Ichimoku cloud with bearish momentum, as traders eye US consumer confidence and key labor market data.
EUR/USD is steady near 1.1728, with bulls targeting 1.1915 as traders await US consumer confidence data and fresh Fed signals.
The euro trades near 1.1680 with bearish momentum, as traders watch US jobs data and key 1.1645–1.1590 support for the next move.
Gold remains bullish near $3,800, with US jobs data set to decide whether momentum carries prices toward the $4,000 milestone.
The USD/BRL trades near 5.35 after bouncing from last week’s lows, with looming US government shutdown risks threatening short-term volatility.
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The USD/ZAR hovers near 17.25 as the rand strengthens, but storm clouds from a potential US government shutdown may drive volatility and reversal risks.
The US dollar pulled back against the yen on Friday, retesting ¥149 support, with a bullish continuation toward ¥153 likely if buyers return.
The US dollar dropped against the Mexican peso on Friday, with resistance at 18.50 capping gains and downside targets at 18.20 and 18.00 back in focus.
The US dollar is consolidating against the Indian rupee, with ₹88.50 as key support and ₹89 as resistance, setting the stage for a gradual grind higher.
Bitcoin remains quiet below $110K, holding $107K support, with upside limited until buyers push price toward the 50-day EMA and $117K.
USD/CAD pulled back on Friday after profit-taking, but a breakout above 1.39, rising EMAs, and Canada’s economic weakness keep the bullish outlook intact.