Gold is testing the $3,400 resistance as bullish momentum strengthens, with technicals pointing toward $3,460 and possibly $3,500 if the breakout holds.
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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Nvidia stock is bouncing back in premarket trading, with $185 as key resistance and a breakout potentially driving a rally toward the $200 level.
The USD/JPY bounced from 147 support and the 50-day EMA, with the pair ranging between 147–149 and a breakout targeting 151 yen in the near term.
The Nasdaq 100 remains bullish as buyers defend dips near 23,250, with the index targeting 24,000 in the short term and potentially 24,500 afterward.
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Bitcoin rallied from $110K on Thursday, with buyers defending support as BTC/USD eyes $114K resistance and a possible push toward the $120K breakout zone.
USD/CAD slipped to test 1.3750 support, but with the interest rate differential favoring the greenback, a breakout above 1.38 could trigger further upside momentum.
EUR/USD rallied on Thursday but continues to trade in consolidation, with 1.16 as support and 1.18 as resistance as traders await Fed policy clarity.
GBP/USD edged higher on Thursday, with 1.34 acting as strong support and 1.36 capping gains, as low-volume summer trading keeps the pair in consolidation.
WTI crude oil hovers near $64 with $65 acting as resistance, as oversupply from major producers caps gains and keeps the market choppy.
USD/CHF hovers around the 0.80 mark, with traders watching PCE inflation data to determine whether the pair breaks toward 0.81 or falls to 0.79.
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USD/ZAR is bouncing from the 17.50 floor, with a potential bullish breakout above 17.80 targeting the 18.00 level.
EUR/USD trades sideways with a bearish tilt as Fed independence concerns and political uncertainty weigh, with key support at 1.1560 and resistance at 1.1680–1.1770.
USD/MXN is consolidating near 18.65 with strong support at 18.63 as traders await U.S. GDP data that could trigger fresh volatility.
Nvidia stock dipped after earnings but remains fundamentally supported, with traders eyeing $177 support and resistance at $185 for the next breakout attempt.
Avalanche (AVAX) is currently trading near $24.8, holding ground after another attempt to clear the $25 region.