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.
After two weeks of increasing signs of nervousness in US equity markets, we finally saw a more significant risk-off move, with the major US equities falling into technical corrections and Bitcoin losing a lot of its value within the current selloff.
Get a concise weekly overview of Bitcoin, major FX pairs, gold, and silver, highlighting key levels, trends, and risks for November 24.
USD/CHF strengthened again Thursday as the Swiss franc continues to weaken, with the 0.79 level appearing firmly defended. Interest-rate advantages, SNB rhetoric, and broader dollar strength support the view that the pair is forming a durable base for an eventual breakout.
USD/CAD firmed early Thursday before a modest pullback, with the 1.40 area acting as strong support. Interest-rate differentials, trade dynamics, and a softer Canadian outlook continue to favor upside toward the 1.4250 region.
USD/MXN attempted an early Thursday rally but remains under steady downward pressure. With resistance near 18.50, a supportive rate differential for the peso, and strong US-driven Mexican exports, the pair continues to favor a grind lower.
EUR/CHF climbed after an early dip, rebounding sharply from the 0.92 level, which appears to be defended by the Swiss. With policy stances favoring a weaker franc, a breakout above 0.9333 could signal a larger bullish move.
Bitcoin continues to weaken as the $92,500 level shifts from support to resistance. Despite brief bullish attempts, institutional selling and shifting narratives weigh on sentiment, leaving downside targets near $84,000 or even $80,000 increasingly plausible.
USD/JPY briefly pushed higher before slipping from 158, a key former resistance level. The broader uptrend remains supported by yield differentials, with buyers likely emerging on pullbacks toward 155.50–154. A break above 159 could accelerate gains in this pair.
Silver failed to break above $51.50 and is now testing the $50 area amid heavy volatility. A weakening technical picture, a strong US dollar, and fading short-squeeze momentum raise downside risks, though key levels still control near-term direction.
The euro slipped against the US dollar but found support near 1.15. Short-term rallies face resistance from the 50-day EMA and a downtrend line, while broader pressure favors the dollar. A deeper breakdown targets 1.14 and potentially 1.11.
Apple slid after an early surge toward $276 reversed alongside broad market weakness. Solid jobs data dampened rate-cut hopes, pressuring tech. Key levels remain the uptrend line, $260 support, and $280 resistance, with dip-buying still favored.
The US dollar continues to push higher against the Japanese yen, with dips viewed as buying opportunities. Strong interest rate differentials and limited Bank of Japan tightening prospects keep bullish momentum intact despite near-term resistance.
Google surged through the key $300 level on Wednesday as enthusiasm around Gemini 3.0 boosted momentum. Strong underlying support zones and an upcoming ex-dividend date help reinforce a bullish backdrop, with pullbacks viewed as buying opportunities.
The euro shows strong momentum against the Swiss franc as it approaches key technical resistance. Despite expected volatility and potential pullbacks, the pair remains supported by Swiss National Bank signals and export-sensitive dynamics, keeping upside targets in play.
Bitcoin continues to face heavy selling pressure as liquidation and weak sentiment drive price action lower. A break beneath recent technical support could accelerate losses, with institutional discomfort and year-to-date negativity adding to bearish momentum.
