Gold prices pulled back from record highs but remain in an overall bullish trend, with key support at $3,260 and traders looking to buy dips above $3,000.
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 (XAG/USD) remains focused on the $33 level, offering a potential buying opportunity above $33.66 with an upside target near $34.90.
Bitcoin continues to find strong buying interest on dips, holding firm around $94,000 as bullish momentum points toward a potential rally to $110,000.
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The German DAX continued its rally on Friday, nearing the €22,500 resistance as optimism over economic recovery and easing trade tensions drives gains.
Crude oil prices continued to trade sideways on Friday, consolidating between $60 and $65 as rising volume hints at a potential bullish breakout.
Natural gas prices stabilized near the key $3 level on Friday after initial weakness, but bearish seasonality and recession fears continue to weigh on the market.
After reaching a new multi-month low, the price seems to be trading between key support at 19.4933 and key resistance at 19.7607.
The Euro continues to bounce within a defined range against the US dollar, with EUR/USD traders closely watching the 1.12 and 1.15 levels for direction.
The AUD/USD pair continues to fluctuate near the 200-day EMA and key 0.64 resistance level, as traders brace for potential volatility ahead.
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The GBP/USD pair remains rangebound between 1.32 and 1.34 as the market digests previous gains and awaits new catalysts to drive a breakout.
The USD/JPY pair is showing strong signs of recovery as oversold sentiment fades, with the US dollar building momentum for a gradual move higher.
The EUR/CHF pair is testing the 200-day EMA amid intervention warnings from the Swiss National Bank, signaling a possible short-term pullback before further gains.
The AUD/USD pair is holding firm above 0.6400 support as traders await key Australian inflation data, with a bullish breakout above 0.6435 targeting 0.6500.
The BTC/USD pair has surged above key technical levels, supported by strong ETF inflows and safe-haven demand, targeting a breakout to $99,000.
The GBP/USD pair is forming a bullish cup and handle pattern, suggesting a potential breakout above 1.3430 as UK retail sales beat forecasts.