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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Stock markets have shown some recovery over the past week, despite the ongoing US-centric trade war, while metals like Gold and Copper have continued to reach new long-term highs before turning lower at the end of the week.
WTI Crude Oil finished above the 68.000 level going into this weekend, the last time the commodity went into a weekend above current prices was the last week of February.
AUD/USD tests 0.64, Gold may pull back, Dow hits 42K. Bitcoin rangebound. Full weekly Forex outlook for 23/03/2025.
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The S&P 500 showed choppy trading on Thursday as market uncertainty persists, with the 200-day EMA acting as strong resistance.
The FTSE 100 maintained stability on Thursday, holding near 8700 despite a surprisingly hawkish Bank of England vote.
The USD/CAD pair saw early gains on Thursday but failed to hold them, reflecting continued volatility driven by trade tensions and economic uncertainty.
Ethereum fell sharply on Thursday, erasing Wednesday’s gains and reinforcing its bearish trend.
The British pound rebounded strongly against the yen after testing support at the 50-day and 200-day EMAs.
Gold prices dipped on Thursday following an extended rally, as traders took profits after multiple strong sessions.
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The US dollar initially plunged against the Japanese yen on Thursday but quickly rebounded as traders reassessed rate expectations.
Bitcoin declined on Thursday, falling below the 200-day EMA, a key technical level closely watched by traders.
Despite a sharp drop in early Thursday trading, silver remains in a strong uptrend, with key support at $33.33 and potential for a rebound toward $35.
The euro weakens against the US dollar following the Fed’s policy update, with key support at 1.08 determining whether consolidation holds or a deeper reversal begins.
EUR/USD remains in an uptrend but faces resistance at 1.10 as traders assess Fed policy, inflation risks, and Eurozone stimulus impact.
GBP/USD hovers around 1.30 as traders await the BoE decision, with potential for further gains if resistance at 1.3055 is breached, but overbought conditions could trigger a pullback.