Technical Analysis

A breakout from Bitcoin’s recent $61K-$73K range is inevitable – see the key levels to watch from here below!

Big, ugly and unusual given the escalation in geopolitical tensions in the Middle East. You can see why traders are questioning whether the big reversal in gold last Friday may signal we’ve seen a near-term top after a rollicking start to 2024.

With most major events scheduled outside the continent, EUR/USD direction looks set to be dictated by external influences next week. Preference is to sell rallies given the technical breakdown on Friday.

Gold and silver are doing exactly what you’d expect after breaking long-running resistance. And that's before you consider fundamentals such as geopolitics, central bank purchases, limited mine development, rising inflation expectations and troubling fiscal outlooks from some of the world’s largest economies.

The US dollar is sitting in the middle of its 3-month range with leading indicators pointing toward slightly above expectation reading in this month’s NFP report, with headline job growth in the 200K-250K range.

GBP/USD has bounced off key technical support at its rising trend line and 200-day MA in the mid-1.2500s, hinting at a potential retest of 1.2700 pending Friday’s NFP report...

Euro plummeted towards technical support into the April open with the bears within striking distance of the yearly lows. Levels that matter on the EUR/USD weekly chart.

Gold’s technical outlook remains bullish above previous-resistance-turned-support near $2200 ahead of NFP on Friday

After slipping for the past three weeks, the US Dollar Index is testing key previous support at the 103.00 level, potentially setting the stage for a bounce on solid jobs data.

Some analysts are speculating that the market is “sniffing out” the fact that the US and other developed countries will be unable to maintain high interest rates for long given their record debt loads. See what it might mean for Gold and Bitcoin!

Silver has recorded its largest gain in months, sparking plenty of excitement on social media and other investment platforms that the move may be the start of a prolonged price rally.

GBP/USD remains rangebound between 1.2500 and 1.2800. See how traders are viewing it!

Gold is carrying short-term bullish momentum into the coming week, with potential for a move up toward the 2024 highs in the $2060 area.

USD/JPY is consolidating while EUR/JPY and GBP/JPY remain in healthy uptrends.

Options traders expect a +/- 11% move in response to Nvidia’s earnings report, a truly staggering move in a $1.8T stock. See what we're watching!

Some FX pairs like to gravitate towards big figures but not the NZD/USD. It’s clearly a fan of doing things in half big figure increment, proving plenty of opportunities to build trades around.

For this week, Eurozone PMIs and central bank speakers will be the big focus - see the key levels to watch on EUR/USD!