Tensions between the USA and the EU seem to have resolved, but war drums continue to beat over Iran, as high volatility finally returns to the Forex market, while Silver and Gold soar to new record highs.
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 EUR/USD jumped on Friday and went into the weekend around the 1.18263 ratio, this after trading near highs which were testing the 1.17500 resistance mark most of the week.
The price of WTI Crude Oil jumped on Friday before going into this weekend and finished near 61.290, which in the historical scheme of things still represents a rather cheap value for the commodity.
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The US dollar remained quiet against the Mexican peso on Thursday, with the carry trade favoring downside momentum and the 17.50 level offering support.
The US dollar fell against the Swiss franc Thursday as the pair remains range-bound, with traders closely watching for potential SNB intervention near 0.79.
The US dollar dropped significantly against the Norwegian krone Thursday, pressured by rising Norwegian inflation, stronger oil, and ongoing risk sentiment shifts.
GBP/USD continues to struggle below the key 1.35 resistance level, with signs of exhaustion offering potential short opportunities targeting 1.3310.
The US dollar rallied against the Japanese yen ahead of Friday's BoJ meeting, with traders watching for dovish signals that could spark a move to 160.
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Silver rebounded sharply from $90 and is now pushing toward the $100 level, driven by intense bullish momentum and growing concerns over physical supply.
The Euro saw modest gains on Thursday, staying range-bound as traders watch for a breakout above 1.1850 that could signal a push toward 1.20.
WTI crude oil remains range-bound near $60 as traders look for short-term opportunities between resistance at $62 and support at $58.50.
XRP tests $2.00 resistance after bullish bounce. Is this a breakout or another false rally? Key levels, technical outlook, and upside targets revealed.
The US dollar weakened further against the South African rand on Wednesday, breaking support near 16.30 amid gold strength and favorable rate differentials.
The NASDAQ 100 turned lower on Wednesday, falling below the key 25,000 level as geopolitical tensions with Europe and risk-off sentiment weigh on tech stocks.