GBP/JPY rises but faces resistance near 195, with traders eyeing risk sentiment and the 190 support level for potential buying opportunities.
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.
Most Recent
EUR/CHF stabilizes above 0.9450, with buyers stepping in as SNB’s rate cut pressures the franc, while traders eye 0.9550 and 0.9750 as upside targets.
Dow Jones 30 remains bullish, with traders watching 45,100 resistance for a breakout, while 43,500 serves as key support for potential dip-buying opportunities.
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NASDAQ 100 continues its uptrend, with traders buying dips as strong U.S. growth and tech earnings outweigh tariff concerns.
Ethereum rallies above $3400, with traders watching for a move toward $3600 while $3000 remains a strong support level.
Silver finds support near $31, with traders watching for a breakout above $32.35 as industrial demand and tariff concerns drive market sentiment.
Gold breaks above $2800, with traders eyeing support at $2750 and $2700 as uncertainty over tariffs and economic fears drive safe-haven demand.
USD/MXN spikes above 21.0000 as U.S. tariffs fuel uncertainty, with financial institutions driving volatility and traders bracing for further price swings.
Bitcoin fell sharply since this week’s open on Trump’s new tariffs boosting the USD and hitting risk assets like Bitcoin, but we have seen a strong rebound from a 3-week low above $90,000.
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USD/ZAR spikes above 19.00000 after Trump cuts U.S. funding to South Africa, raising concerns over financial stability and policy-driven market volatility.
AUD/USD declines as U.S. tariffs and weak Australian inflation data fuel rate cut expectations, with traders watching 0.6130 support for further downside.
GBP/USD declines as U.S. tariffs and BoE rate cut expectations pressure the pair, with traders watching 1.2200 support and upcoming NFP data for direction.
EUR/USD declines as ECB rate cuts and U.S. tariffs weigh on sentiment, with traders watching 1.0250 support ahead of U.S. nonfarm payroll data.
Markets are dominated by G7 nations mostly cutting interest rates and a strong US Dollar caused by rates divergence and President Trump’s new and threatened tariffs on imports.
The EUR/USD went into this weekend near the 1.03560 level, this mark is essentially testing values seen late in the first week of January when nervous conditions were abundant.