The EUR/JPY pair exhibits a strong bullish trend, with prospects of reaching the 164.80 level soon. Recent movements reflect a recovery fueled by the divergence between the Eurozone and Japan's monetary policies. The European Central Bank (ECB) maintains higher interest rates, while the Bank of Japan (BOJ) continues a cautious approach to normalization, leading to...
The current USD/CAD outlook remains cautiously bullish, but the upcoming ISM Non-Manufacturing PMI data will play a critical role in shaping the pair's next move. Positive Factors for USD/CAD: Strong US Data: The recent ISM Manufacturing PMI was strong, indicating resilience in the US economy. If the Non-Manufacturing PMI also shows growth, particularly in the...
The AUD/NZD is currently showing bullish momentum due to diverging monetary policies between the Reserve Bank of New Zealand (RBNZ) and the Reserve Bank of Australia (RBA). - RBNZ: Having paused its rate hikes at 5.5%, signaling that further tightening is unlikely, has weakened NZD sentiment. - RBA: With a more hawkish stance and potential future rate...
The GBP/AUD pair faces a bearish outlook as multiple factors align against GBP. Weak UK growth prospects, the nearing peak of the Bank of England's rate cycle, and cooling inflation are reducing support for GBP. Meanwhile, the Australian economy is expected to gain strength, supported by trade ties with China and stable inflation trends, signaling that AUD may...
GBP/NZD is currently experiencing a ranging trend on the 1-hour timeframe, heading towards the lower end of the range. I expect the pair to reach the 2.12005 level. The ranging trend is also respecting the upper and lower levels of the RSI, indicating overbought and oversold conditions. This presents an ideal opportunity to sell, in my view.
This time, I expect USD/CHF to turn bullish after a prolonged bearish trend. The pair reached an extreme low of 0.83750 and is now showing signs of a bullish reversal. I'm targeting a potential rise to 0.85559 or higher, given the increased upward momentum. Let's see how it unfolds.
EUR/NZD is expected to enter a bearish trend after rejecting and forming a double top at the 1.80200 level. With the rate cut expected today, this bearish move could drop to 1.78520 without much resistance. Keep an eye on the RSI overbought/oversold zones for potential corrections along the way.
GBP/CAD is expected to turn bearish after reaching the high of 1.78400. The RSI is in an oversold zone, which suggests a potential brief correction before the downtrend resumes. I plan to sell some of my positions at this level and monitor if the RSI influences a slight upward move before selling the remaining balance. Let's see how the downtrend unfolds
USD/CAD is signaling a bullish reversal after a month-long bearish trend. The pair is expected to reach 1.36140 as its first target in this upward movement. Additionally, the RSI indicator failed to pull the price back from its overbought condition, providing extra strength to this bullish rally
EUR/USD is expected to continue a bearish trend following Friday's NFP results. Initially, a bullish move was expected due to the negative impact on the dollar, but as Monday began, buyers failed to maintain momentum, leading to further bearish pressure. The anticipated price range during this decline is between 1.10400 and 1.10293.
GBP/NZD is expected to rise towards the 2.13468 level. After a recent bearish phase, the pair started a bullish movement last week from 2.1000. However, before continuing its upward trend, a minor bearish correction is likely. I anticipate the pair will recover from this correction and continue its bullish momentum, reaching the expected level.
EUR/NZD is expected to experience a short-term bullish move within the price range of 1.80233 to 1.80085, starting from 1.79643. This bullish momentum is anticipated following a price rejection from that area
The GBP/CAD pair is expected to move bullishly, targeting the 1.78160 level. On the 1-hour chart, the price has successfully broken out of a descending channel, creating a higher high before retracing. This movement is significant, especially with the RSI indicator reaching overbought levels, suggesting strong upward momentum. I anticipate that a more favorable...
The AUD/CHF chart shows a strong bearish trend, with the price having retested the 0.56750 support level twice. Despite this support, the downtrend indicates that the pair may break below this level. The expectation is for the price to move further down toward 0.56472 if the support is breached. This support level has held previously, but current momentum suggests...
The chart of AUD/NZD suggests that the price is approaching a key support level at 1.08000. After a recent downward move, the market is expected to retest this support zone. The downward arrow on the chart indicates an expectation of further bearish movement towards the 1.08000 area. This level could act as a potential reversal point, but a break below could lead...
The USD/CHF pair is showing a continued bearish outlook, with an expected range around 0.84481. A potential bullish scenario is only likely to emerge if the price breaks above the key resistance level of 0.85341. ⚠️ Key Pivot Level: The daily pivot at 0.85042 is critical, as it may serve as a reversal point for the current upward move. Keep a close eye on this...
The BTC/USD chart indicates a continuation of the bearish trend due to the appearance of a Head and Shoulders pattern on the 1-hour timeframe. This classic reversal pattern, combined with the price breaking the neckline, suggests that more downside could be expected. 🔻 Key Pattern Insight: The Head and Shoulders pattern is a strong indicator of a potential...
Gold is facing strong resistance at the 2530 level. Despite multiple attempts to breach this level, the price has repeatedly failed. In this scenario, the price may experience a minor correction, shifting the bullish trend to a bearish outlook. Additionally, the RSI indicator is currently oversold, suggesting that a reversal could be imminent. A strategic entry...