Markets have continued to see a recovery in stocks and other risky asset such as Bitcoin, with the US Dollar also gaining as the US Federal Reserve keeps interest rates unchanged with somewhat hawkish rhetoric.
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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The U.S. dollar is pressing resistance against the Swiss franc at 0.8350, with a breakout potentially triggering a bullish move toward the 0.8490 level.
The U.S. dollar remains under pressure against the South African rand, holding near the critical 18 ZAR support as global trade tensions and risk sentiment weigh.
The British pound advanced 0.4% against the Swiss franc on Friday, signaling increased risk appetite as it nears key resistance at 1.11 with bullish momentum.
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Ethereum surged with a 39% gain over two sessions, potentially kicking off an altcoin rally, though near-term pullbacks toward $2000 are likely buying zones.
The U.S. dollar continues to slide against the Mexican peso amid risk-on sentiment, with support at 19.45 possibly breaking to expose the 19.00 level.
Silver rallied back on Friday, but remains locked in a choppy $32–$34 range as traders await a breakout amid volatility, dollar moves, and trade concerns.
The Euro continues its volatile pattern between 1.12 and 1.13, suggesting a possible topping formation, with a break below 1.12 signaling deeper downside risk.
Crude oil briefly rallied Friday before retreating, yet holds bullish potential if $55 forms a double bottom and trade talks spark renewed demand optimism.
After a sharp rally, Bitcoin shows signs of overextension with likely profit-taking ahead, but remains bullish with support expected near the $100K–$95K range.
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After an initial selloff, gold rebounded on Friday, likely to remain volatile within a $3,200–$3,500 range amid trade tensions and speculative market behavior.
Mixed signals across markets: Gold hesitates, USD gains, Bitcoin surges. Focus turns to trade talks and US inflation data.
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EUR/USD retests support, signaling a rebound. Key events ahead: US inflation, EU GDP, and China trade updates.
The euro continues to slide as dollar strength returns, with the 1.12 level now acting as a critical support zone that could dictate the pair’s next big move.