Silver displayed a back-and-forth trading pattern during Friday's session, reflecting a certain degree of caution prevailing in the market as the holiday season approaches.
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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Gold demonstrated notable strength on Friday, as it surged above the $2,050 level, signaling a potential for further gains.
The EUR/USD had a slight setback during Friday's trading session but quickly rebounded, indicating renewed strength in the currency.
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Ethereum embarked on a robust rally during Friday's trading session, signaling a potential for further upward momentum.
Bitcoin exhibited a slight pullback on Friday, setting the stage for a tranquil drift into the holiday season.
The EUR/USD exchange rate rose to its highest point since August 10th as hopes of more Federal Reserve rate cuts rose.
Bitcoin price remained in a consolidation mood during the Christmas weekend as traders waited for the next big news.
The Australian dollar continued rising this week as traders continued to bet on diverging paths between the Federal Reserve and the Reserve Bank of Australia (RBA).
The price of the EUR/USD closed last week's trading higher, breaking through the psychological resistance level of 1.1000, which supports the bulls' control.
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The price of the GBP/USD is trying to maintain the resistance level of 1.2700, which confirms the bulls' control of the trend.
With the Christmas holidays and investor reluctance, and amid almost non-existent liquidity, the price of the USD/JPY could remain stable around the level of 142.45.
According to recent trading, gold is facing a major test of investor appetite as the Federal Reserve begins a long-awaited pivot to lower US interest rates.
Bullish speculators of the EUR/USD were rewarded last week as the currency pair reversed from lows early Monday and went into the weekend in sight of mid-term values.
WTI Crude Oil went into this long holiday weekend showing that it had the ability to maintain price values above the 73.000 USD level.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.