Bullback_FX

Bullback_FX

Hello everyone! Let’s take a look at how GBP/USD might move as we approach the final trading session of the week. As expected, GBP/USD declined yesterday, extending its losses below 1.2580 in today’s session, with no signs of a bullish correction yet. Uncertainty surrounding tariff policies from U.S. President Donald Trump has weakened the British pound against...

Bullback_FX Updated 

Hello everyone, great to see you again in today’s discussion on EUR/USD. Currently, EUR/USD has extended its decline, trading below 1.0400, under pressure from recent market developments. The US dollar has regained strength following hawkish statements from the Federal Reserve, reinforcing expectations that interest rates will remain high. Additionally, concerns...

Bullback_FX Updated 

Hello traders, let’s analyze today’s gold price action and strategize for this precious metal! Currently, gold is trading around the $2,880 level in the early hours of the final session of the week, marking its lowest point in over two weeks. The metal remains under pressure due to the recovery of the US dollar, with the USD Index (DXY) rising by 0.7%, making...

Bullback_FX Updated 

GBP/USD erased its previous session's gains and remained under pressure below 1.2650 during Wednesday's trading session. The renewed demand for the US dollar, driven by rising US Treasury yields and the House of Representatives passing the Republican Budget Plan, weakened the pair, preventing it from making a new breakout. It is expected to continue moving...

Bullback_FX Updated 

Hello traders! Let’s analyze gold’s price movement and build a strategy for today. OANDA:XAUUSD is experiencing a slight pullback, currently trading at $2,910 in the early trading hours. The precious metal remains stable within a descending parallel channel on the 1-hour chart, indicating short-term bearish momentum. This correction aligns with declines in...

Bullback_FX Updated 

EUR/USD remains under pressure, trading below 1.0500 during Thursday’s session. The pair is affected by the U.S. dollar's continued recovery, driven by conflicting statements from U.S. President Donald Trump regarding tariffs. This has prevented EUR/USD from rising and has kept it capped below the 1.052 resistance, marked by two significant peaks. In the short...

Bullback_FX Updated 

Hello traders! Today, let's analyze the GBP/USD 4H chart and see how this pair is moving. Currently, GBP/USD remains in a steady uptrend within a well-defined parallel channel. The pair is trading around 1.2670, staying above EMA 34 and 89, indicating that buyers are still in control. However, an important factor to watch is that GBP/USD is approaching the upper...

Bullback_FX

Hello, traders! What are your thoughts on USD/JPY? The pair continues its prolonged bearish trajectory, currently hovering around 149.411. The weakness and instability of the US dollar have failed to provide support, making USD/JPY even more lackluster compared to its currency counterparts. From a technical perspective, the bearish momentum has intensified as...

Bullback_FX Updated 

Hello traders, let’s explore EUR/USD today. Today, FX:EURUSD continues to move within a clearly defined parallel channel. The pair is currently adjusting its trend and experiencing a slight decline around 1.0500, being limited by the previously marked resistance level. Recent volatility has been driven by US economic data and Eurozone inflation expectations,...

Bullback_FX Updated 

Gold has broken out of its previous sideway range, falling sharply from the $2,950 zone and reaching a low near $2,878. The breakout from the ascending trendline has intensified selling pressure, confirming a bearish shift in momentum. Currently, gold is attempting a slight recovery, trading around $2,919, but it remains vulnerable to further downside moves. If...