Gold continues its strong rally as buyers target $3,300, with pullbacks viewed as buying opportunities amid rising geopolitical tensions and recession fears.
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 US dollar bounced against the Swiss franc, testing key resistance near the 200-day EMA, with interest rate differentials favoring continued upside.
The US dollar edged higher against the Mexican peso as risk appetite weakened ahead of Trump’s tariff announcement, with USD/MXN staying within its long-held range.
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Crude oil surged toward $72.50 following Trump’s tariff threat on Russia, with short-term pullbacks seen as value opportunities amid a bullish long-term outlook.
Fear over US tariffs and an anticipated rate cut by the RBA at its next meeting have depressed the price.
USD/ZAR traded in a stable range through March as traders balanced global volatility and political rhetoric, with April expected to stay between 17.90100–18.65900.
USD/INR reverses sharply lower in March as RBI signals more rate cuts and intervention; April eyes 84.9000–86.0000 range amid trade and policy shifts.
Bitcoin struggles near $83,200 amid a shift to safe-haven assets like gold, with bearish patterns forming as markets brace for Trump’s tariff impact.
GBP/USD trades near 1.2910 as a bullish pennant and golden cross suggest more upside, with markets watching UK data and Trump’s tariff announcement.
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EUR/USD consolidates near 1.0810 as a golden cross forms, with key EU and US data ahead and traders bracing for Trump’s upcoming tariff announcement.
The EUR/USD began April 2025 near 1.08000 after early March gains, with traders cautious due to U.S. tariff threats and unclear market sentiment.
EUR/USD remains under bearish pressure below 1.0800 ahead of key US jobs data, with technical and fundamental signals pointing to further downside risk.
GBP/USD holds firm above 1.30 as traders weigh UK inflation data and US tariff risks, with bullish momentum supported by rising trend lines and moving averages.
USD/JPY remains in an ascending channel as traders weigh rising US inflation and tariff risks, with bullish momentum targeting 151.60 and beyond.
Gold continues its bullish trend above $3000, with strong momentum targeting $3100–$3125 amid global uncertainty and slowing US economic growth.