Crude oil tested the key $60 level on Monday as traders assess demand outlook and OPEC production increases amid global tariff concerns.
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 British pound rebounded against the yen after gapping lower, with a bullish signal forming if price closes above the ¥190 resistance level.
AUD/USD continues its bearish momentum, breaking 2020 lows as trade tensions and technical patterns suggest a further drop toward the 0.5885 support level.
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BTC/USD is teetering near critical support at $73,800, and a break below could accelerate losses toward $70,000 amid trade tensions and bearish technicals.
The EUR/USD pair is forming a bullish cup-and-handle pattern as traders price in potential ECB rate cuts and await key US economic data.
Gold futures plunged Monday as forced liquidations drove profit-taking at key technical levels, with traders offloading winning positions to cover broader losses.
Silver prices fluctuated sharply on Monday as conflicting tariff headlines and shifting industrial demand fueled intense volatility across the metal markets.
The British pound plunged toward the 1.2750 support level after early gains faded, as rising global trade tensions boosted demand for the US dollar.
Bitcoin bounced from the $75,000 level on Monday, showing signs of stabilization as traders cautiously assess risk amid ongoing market volatility.
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The Euro saw sharp intraday volatility on Monday, with key support at 1.08 and resistance near 1.10 as global markets digest ongoing tariff tensions.
The USD/MXN pair surges near 20.75 amid extreme global volatility and tariff-driven fear, putting traders in a high-stakes, fast-moving environment.
Despite global market chaos, the Turkish lira holds steady near 38.00 as March inflation softens and domestic interventions support price stability.
The EUR/USD pair faces high volatility as it pulls back from recent highs, with traders eyeing US inflation data and potential EU retaliation for clearer direction.
Gold prices fell sharply after profit-taking and tariff fears but remain above $3000, keeping the broader bullish trend intact despite short-term volatility.
The GBP/USD pair pulled back sharply from recent highs, with the 1.2800 support level now critical as global risk aversion and recession fears grow.