USD/CAD breaks below 1.42, with further downside toward 1.40 possible, but tariff risks and trade uncertainty keep traders cautious.
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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Silver breaks out above $32.35 but faces volatility, with traders eyeing gold correlation and $35 as the next major resistance level.
Bitcoin struggles for momentum, consolidating between $90K and $110K as traders await potential pro-crypto moves from the Trump administration.
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Markets have been dominated by a weak US Dollar whose price action has become disconnected from its bullish fundamentals, while US stock markets prepare to break to new record highs. Gold and a couple of softs have also been making new bullish breakouts.
The EUR/USD went into this weekend near its highs. Having started last Monday below the 1.03000 level, and finishing this Friday within sight of the 1.05000 realm is an accomplishment regarding positive risk sentiment.
Coffee Arabica went into the weekend near the 412.50 USD price, which accomplished further upwards momentum when the past handful of days are considered, but that is not the real story.
WTI Crude Oil has gone into this weekend near the 70.310 ratio, well below the starting point of nearly 71.000 USD, but a high of nearly 73.360 was seen on Tuesday highlighting speculative forces.
Weekly forecasts: CAD/JPY consolidates, gold pulls back from $2900, Bitcoin holds $90K-$110K range, NASDAQ 100 bullish.
Bitcoin consolidates between $88K and $110K, with traders cautious about regulation, while long-term investors use dips as buying opportunities.
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The British pound rallies but faces resistance near 1.25-1.26, with consolidation suggesting potential exhaustion unless a breakout above 1.26 occurs.
The CAC 40 extends its bullish momentum toward €8250 but is overbought, with €8000 seen as a key pullback level for potential value-driven buying.
Gold continues its bullish trend with potential consolidation ahead, as key support levels at $2850 and $2800 attract buyers in a strong market.
The Euro rallies toward 1.05 and tests the 50-Day EMA, but resistance near 1.06 and persistent long-term weakness suggest fading rallies remains the strategy.
Ethereum hovers near $2,400 support, forming a potential base, with upside potential if $2,800 resistance is broken amid Bitcoin's market influence.
USD/CHF drops to test 0.90 support amid a Swiss franc relief rally, but bullish momentum could resume if the pair breaks above the 0.92 resistance.