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 US dollar bounced sharply against the Swiss franc on Friday, forming a bullish hammer off key support as global risk-off flows fueled USD demand.
The euro reversed Friday after a failed rally attempt, with traders watching 1.08 for a potential breakdown as dollar demand surges across the board.
The US dollar rallied nearly 3% against the Mexican peso Friday, rebounding from 19.9 as global risk-off flows drove USD strength across markets.
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The British pound plunged on Friday as risk sentiment reversed and USD demand surged, slamming GBP/USD into key support with 1.2750 and 1.30 now in focus.
The US dollar bounced from the crucial 145 level against the yen on Friday as traders reassessed risk and avoided weekend dollar shorts amid tariff uncertainty.
Forex traders including GBP/USD speculators late last week were delivered reminders and new memories highlighting why betting on currency pairs can be an emotional test of stamina.
It was a wild week in the markets, with new US import tariffs sending stocks, commodities, and commodity and safe-haven currencies into large volatile price movements.
Thursday and Friday of this past week saw a sharp decline in the price of WTI Crude Oil as large players appeared spooked by broad market sentiment as investors reacted to tariff implications.
Gold, Bitcoin, and S&P 500 face volatility amid tariffs, while USD/MXN and EUR/USD remain range-bound as global tensions rise.
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The USD/CAD pair dropped sharply to test the 200-day EMA after tariff shocks, with traders eyeing 1.4125 as a key breakout level ahead of Friday’s jobs data.
The euro rallied sharply against the Mexican peso on Thursday but gave up most of its gains, with the pair likely to remain rangebound between 21.00 and 22.50.
The British pound rallied sharply on Thursday before giving back gains, as dollar weakness collided with market caution ahead of Friday’s US jobs report.
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Ethereum continues to struggle near key support at $1,775, with risk aversion weighing on sentiment and a break below potentially opening a move to $1,600.
The British pound plunged against the yen as global risk aversion surged post-tariffs, with traders watching ¥190 support ahead of Friday’s key U.S. jobs data.
WTI crude oil tumbled over 7% on Thursday as tariffs reignited global demand fears, with traders closely watching the critical $65 support level.