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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Gold, Bitcoin, and S&P 500 face volatility amid tariffs, while USD/MXN and EUR/USD remain range-bound as global tensions rise.
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.
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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.
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.
Silver plunged over 5% on Thursday as global tariff fears rattled industrial demand expectations, with the market now watching $31 and $32.50 for direction.
Bitcoin remains range-bound between $75,000 and $90,000 as risk sentiment fades, with price searching for a floor and volume thinning.
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Gold saw sharp swings on Thursday as traders reacted to tariff-driven market chaos, with buyers defending $3,000 and targeting $3,300 in the bullish trend.
The Turkish lira continues to stabilize near 37.88 as the Central Bank actively intervenes, suppressing volatility despite political tension and global trade shocks.
Gold hits a record $3,167 as tariffs spark risk aversion; traders eye $3,200 resistance, with pullbacks to $3,100 seen as buy opportunities.
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EUR/USD approaches the key 1.1000 resistance level amid USD weakness and falling Eurozone inflation, presenting a potential breakout or reversal setup.
GBP/USD surged to its highest level in six months as lenient US tariffs on the UK fueled a bullish breakout, with technical resistance now at 1.3230.
USD/JPY declines to a multi-week low as Trump’s tariffs trigger risk-off flows, with technicals signaling deeper downside unless support at 145.00 holds.