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 pressures the 1.2750 level as markets await NFP data, with Friday's close likely to determine a breakout higher or a slide toward 1.25 support.
The British pound remains range-bound against the Swiss franc, with traders eyeing 1.1350 resistance and 1.1150 support amid a cautious market environment.
AUD/USD hovers near support, with NFP data poised to determine a rally toward 0.6550 or a decline to 0.6350 amid ongoing US dollar strength.
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The euro hovers near key support at 0.8250 against the pound, with potential for a breakdown toward 0.82 or a recovery above 0.8350 amid ongoing volatility.
NZD/USD holds near 0.5850, with traders eyeing NFP data to confirm a bottom or signal further US dollar dominance across forex markets.
The euro steadies near 1.05 against the dollar, with traders eyeing NFP data for a potential breakout to 1.06 or a pullback to 1.04 support.
Ethereum tests $4,000 resistance, with a breakout potentially targeting $4,500, while $3,600 and $3,500 offer strong support in case of a pullback.
CAD/CHF consolidates below 0.63, with Canadian and US jobs data likely to shape moves toward 0.6250 support or 0.64 resistance.
USD/CAD remains range-bound near 1.40, with Friday's US and Canadian jobs data expected to drive momentum toward key levels at 1.39 or 1.41.
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The US dollar falls sharply against the Philippine peso after a rapid rise, with the market now eyeing the 50-day EMA as resistance and 57 PHP as a key support level.
The USD/JPY currency pair has seen a resurgence in bullish momentum, with gains extending to the resistance level of 151.22.
Gold prices have remained relatively unchanged following Federal Reserve Chairman Jerome Powell's comments suggesting that the US economy remains resilient.
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The USD/TRY pair has risen for the third consecutive day, maintaining its weekly gains while failing to break through the peak of 34.75 reached earlier in the week.
As we predicted earlier, the Euro will remain weak as long as economic and political tensions in the largest economies of the Eurozone persist and increase.
For two consecutive trading sessions, the GBP/USD currency pair has been attempting to rebound upwards.