USD/CAD finds support at 1.39. Choppy trading likely, but bulls eye 1.42 if resistance at EMAs is cleared.
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.
Most Recent
NASDAQ 100 holds 21,000 as buyers step in. 20,000 remains key support with EMAs nearing a golden cross.
USD/MXN falls under 19.50. Traders target 19.00 as Mexico gains on trade hopes and favorable interest rate spread.
Top Regulated Brokers
BTC holds strong near $104K. Breakout above $110K could trigger rally toward $125K. Dips to $100K seen as buy zones.
Bitcoin’s (BTC) price trades 39% above its multi-month low of $74,400 reached on April 7. This rally brought BTC within 2% of its all-time high of $109,000 when it hit a five-month high at $107,100 on May 19.
The US dollar initially dipped a bit against the Swiss franc, only to turn around and show signs of life.
During the trading session on Friday, we have seen the US dollar initially pulled back a bit, but it has turned around to show signs of life again
Euro struggles below 1.12. A break lower may target 1.0950 amid renewed USD strength.
Oil finds support at $60. A break above $65 may push it to $70 as traders look for signs of a trend shift.
Bonuses & Promotions
GBP struggles vs USD and may drop to 1.30 if the 1.3140 support fails. Market remains under pressure.
Gold holds near $3,000 support. A breakout could target $3,400, but volatility remains high. Trade with caution.
Natural gas slips near 200 EMA. Weak demand and seasonality could push prices toward $3.00 or lower.
Silver holds support at $32. Resistance remains at $34, with potential upside toward $35 if breakout occurs.
Ethereum holds gains near support. A push above $2800 may spark bullish momentum toward previous highs.
Bitcoin nears $106K breakout. If breached, $110K and $135K could be next targets. Support solid at $100K.