Risk sentiment is rising as the London session get underway, pushing up the price above a key support level, but sentiment remains vulnerable to regional escalation in the Middle East.
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 Turkish Lira plunged to multi-month lows, falling over 31% last week. With no clear policy intervention, traders weigh the risk of a further drop below 0.0250.
Gold hits $3446 as safe-haven demand soars on Israeli strikes. Bullish trend strengthens with potential to break all-time high. Support at $3400; resistance at $3540.
The euro eased against the US dollar after hitting 1.1632, its highest in over 3 years. Geopolitical tensions and a busy central bank week may drive volatility.
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USD/ZAR hovers near 17.833 amid illiquid markets as South Africa observes Youth Day. Traders remain cautious with global tensions and Fed uncertainty in play.
USD/MXN tested 18.83 support after Friday’s spike toward 19.10. With crude oil volatility and Middle East tensions in play, FX traders remain cautious.
Bitcoin reversed from the 50-day EMA Friday despite geopolitical pressure. A breakout above $112K could trigger a bullish run toward $120K. Stop-loss: 50-day EMA.
The DAX gapped lower Friday as geopolitical tension hit risk sentiment, but support near the 50-day EMA and €23,000 holds. Traders now watch for a Monday rally.
Gold spiked Friday following Israeli strikes on Iran as traders sought safety. Market opens Monday with elevated risk tone. Key resistance: $3500. Key support: $3300.
Silver trades choppily between $35.50 and $37 as economic uncertainty and dual precious/industrial role weigh on price. A breakout above $37 may target $40.
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Oil prices jumped sharply—gaining nearly $9—after Israeli strikes on Iran, with gains stalling at $72.50. Expect further volatility on weekend headlines.
Friday’s flight to safety lifted USD/MXN briefly, but price action flipped sharply, forming an inverted hammer near 19.00. Momentum favors the peso as the death cross signals a longer-term downtrend.
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The British pound bounced back sharply against the Swiss franc after geopolitical-driven losses. A hammer candle signals buyer strength; key EMAs lie ahead.
Euro gives back gains against Aussie dollar after geopolitical spike. Market prints a shooting star near resistance. Traders eye 1.75 and 1.7233 for key support.