Ethereum continues to drift near $3,300 with weak momentum, as it remains dependent on Bitcoin’s direction, with downside risk toward $2,500 if $3,000 fails.
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 failed to hold gains against the Mexican peso, resuming its broader downtrend as traders eye 18.20 as a potential target in the coming weeks.
The euro rallied to the 1.1550 level on Thursday, but continued resistance and broader dollar strength suggest the downtrend remains intact with 1.14 support in focus.
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Bitcoin plunged on Thursday to test the $100,000 support level, with downside risks toward $92,000 or $80,000 if it breaks, while resistance looms at $108,000.
Amazon stock dropped sharply on Thursday, approaching key $240 support, and while near-term weakness may continue, the broader uptrend presents a potential buying opportunity.
The U.S. dollar dropped to critical support near ¥153 against the yen, but with a strong uptrend intact and rate differentials favoring the dollar, dip-buying remains the favored strategy.
The U.S. dollar pulled back slightly against the Swiss franc near 0.81 on Thursday, but a developing bottoming pattern favors buying dips over shorts.
EUR/USD continues trading in a bearish structure, with a short-term pullback likely facing strong resistance near 1.1600, aligned with key Fibonacci levels.
Gold prices (XAU/USD) hover around the $4000 mark amid neutral momentum, with strong support near $3920 and key resistance around $4040 as traders assess Fed policy outlook.
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USD/SGD hovers above 1.305 as traders assess Fed-driven USD strength and global risk sentiment, with key support at 1.30400 and resistance near 1.30860.
USD/MXN remains volatile within a wide trading range as Fed rate outlook uncertainty and missing economic data fuel nervous sentiment in global markets.
Polkadot (DOT) is trading at approximately $2.60, showing muted price movement over the past 24 hours.
The U.S. dollar continued its bullish run against the Canadian dollar above 1.41, driven by rate differentials and trade tensions, with 1.4250 as the next target.
Crude oil remains pressured below $62, with short-term rallies facing selling as weak demand and ineffective sanctions contribute to ongoing oversupply concerns.
The USD/JPY pair bounced from support at ¥153 on Wednesday, with bullish momentum aiming for a breakout above ¥154.50 as yen weakness persists.