Gold surged on Thursday, nearing all-time highs as global risk sentiment boosts safe-haven demand, with traders targeting further upside toward $3125 or even $3300.
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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WTI crude oil rebounded from key support on Thursday, with buyers stepping in near the 50-day EMA amid seasonal demand and renewed growth optimism.
The USD/CHF pair remains choppy as the dollar tests key resistance near 0.8850, with markets reacting to US interest rates and global tariff uncertainty.
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The euro advanced against the Japanese yen on Thursday, rebounding from key support near 162 as traders target the 165 resistance zone amid bullish momentum.
The British pound strengthened against the Swiss franc, buoyed by risk appetite and yield advantage, with traders eyeing a potential breakout above 1.15.
Silver rallied above $34 on Thursday, fueled by risk-off sentiment and strong momentum, with bulls now targeting a breakout toward the $35 level.
AUD/USD remains range-bound between 0.62 and 0.64 as global growth concerns and tariff uncertainty keep traders cautious and the market choppy.
The Turkish lira remains stable near 38/USD as the central bank tightens liquidity and engages global investors to restore market confidence.
The British pound weakens against the US dollar as falling UK inflation boosts expectations of a BoE rate cut, while traders await key US economic data.
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The USD/JPY pair remains bullish above 150.00, supported by rising Japanese bond yields, BoJ rate hike signals, and growing U.S. trade policy tensions.
The Canadian dollar rallies against the yen, breaking key resistance at ¥160 as improving sentiment and limited BoJ tightening boost risk appetite.
Gold prices remain stable near all-time highs, with narrow trading ranges signaling a potential breakout ahead amid global tensions and upcoming US data.
USD/RUB remains in a consolidated lower range, supported by cautious optimism around peace negotiations and potential easing of sanctions on Russia.
USD/ILS pushes above 3.7000 amid growing political uncertainty in Israel, with traders eyeing a potential test of the 3.7310 resistance level.
AUD/USD remains under pressure ahead of US PCE data and the RBA decision, with technicals signaling a possible bearish breakout toward the 0.6200 level.