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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USD/MXN climbs toward recent highs amid tariff uncertainty and fragile sentiment, though resistance near 20.20 may limit further upside in the short term.
USD/ZAR remains stable near 18.17 as traders weigh sentiment, institutional calm, and downside potential in a narrow short-term range.
The British pound weakens against the US dollar as hawkish UK rate signals and broad dollar strength push GBP/USD toward key support at 1.2850.
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Bitcoin is starting to show serious signs of a sustained recovery, as global risk sentiment begins to improve on hopes that new US tariffs will be moderated.
Bitcoin remains stuck in a choppy range as traders weigh Fed policy, risk sentiment, and key technical levels like $75K and $90K.
The euro fell for the third day in a row against the US dollar as traders reacted to rising volatility, shifting rates, and geopolitical uncertainty.
The Australian dollar remains stuck in a narrow range as global risk appetite, China’s economy, and future Fed rate cuts drive market uncertainty.
Crude oil continues to form a basing pattern above long-term support between $65 and $67, with signs of shallower pullbacks suggesting increasing bullish pressure.
AUD/USD has fallen for four consecutive days, pressured by weak Australian employment data and rising expectations of an RBA rate cut.
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GBP/USD fell from its 2024 high of 1.3015 to 1.2915 after central bank rate holds and rising stagflation concerns.
EUR/USD has pulled back from its recent high of 1.0950, forming a double-top pattern and testing the 61.8% Fibonacci level.
The GBP/USD went into this weekend near the 1.29114 ratio, finishing trading essentially where last Monday’s transactions began, this after the currency pair touched a high on Wednesday that traversed value last seen in the first week of November 2024.
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Stock markets have shown some recovery over the past week, despite the ongoing US-centric trade war, while metals like Gold and Copper have continued to reach new long-term highs before turning lower at the end of the week.
WTI Crude Oil finished above the 68.000 level going into this weekend, the last time the commodity went into a weekend above current prices was the last week of February.
AUD/USD tests 0.64, Gold may pull back, Dow hits 42K. Bitcoin rangebound. Full weekly Forex outlook for 23/03/2025.