Technical Analysis

Euro defended the 1.02-handle again this week with a rebound off trend support threatening a larger recovery. Battlelines drawn on the EUR/USD technical charts into NFP.

Sterling slammed back into pivotal support on the heels of the BoE with GBP/USD now poised for a February breakout. Battle lines drawn on the weekly technical chart.

NFP leading indicators point to a potentially above-expectation reading in Friday's jobs report - see what it might mean for the US Dollar!

USD/JPY plunged nearly 4.3% off the yearly high with break of the September uptrend threatening deeper losses. Battle lines drawn on the short-term technical charts.

USD/CHF is poised to mark a weekly reversal off the highs with the bears attempting to break multi-month uptrend. Battle lines drawn on the weekly technical chart.

The budding trade war and developments on the tariff front could well outweigh the modest historical seasonal tendencies in February for forex pairs like EUR/USD, GBP/USD, and USD/JPY.

USD/CAD is poised to mark the largest weekly-range in nearly five-years as the Trump tariff stay sparks reversal. Battlelines drawn on the short-term technical charts.

The US Dollar is on the defensive after President Trump delayed tariffs with DXY erasing the early-week advance. Battle lines drawn on the USD weekly technical chart.

British Pound nearly erased the monthly declines with GBP/USD carving a weekly opening-range ahead of the Fed. Battle lines drawn on the short-term technical charts.

Euro rebounded off multi-month trend support with a breakout of the January range threatening a larger recovery. Battle lines drawn on the EUR/USD weekly technical chart.

USDJPY, Gold Forecast: The Japanese Yen stabilizes amid the Bank of Japan's (BOJ) rate hike decision, while gold surpasses the $2,730 barrier eyeing all-time highs.

Gold prices responded to technical resistance with the Trump inauguration rally at risk after a four-week advance. Battle lines drawn on the XAU/USD short-term charts.

EURUSD and USDCAD: EURUSD is stabilizing near the 1.04 zone, while USDCAD is holding near the 1.440 zone. Tariff risks, monetary policies, and economic negotiations are expected to lead to concrete breakouts, as markets await clear policies from the White House.

US Dollar is trading into key support at the monthly lows on the heels of President Trump’s inauguration. Battle lines drawn on the DXY short-term technical charts.

Australian Dollar surged 2.6% off the lows with the bulls poised for a breakout of the January range. Battle lines drawn on the AUD/USD short-term technical charts.

Crude Oil, Nasdaq Analysis: While oil’s future remains shaped by overproduction and sanction risks, Nasdaq’s trend reflects haven momentum, driven by the tech sector’s resilience and continuous advancements.

EURUSD, Gold Forecast: EURUSD sustains its rebound above parity, while gold tests the $2730 resistance. Trump's return to the markets challenges the sustainability of the bullish rebounds.