Day: May 7, 2025
Gold (XAUUSD) prices are hovering around 3,380 USD on Wednesday. Demand for safe-haven assets may weaken if tariff negotiations go well. Discover more in our analysis for 7 May 2025. XAUUSD forecast: key trading points Gold (XAUUSD) halted its advance as markets await US-China trade talks The outcome of today’s Federal Reserve meeting may influence […]
The EURUSD pair is attempting to extend gains near 1.1350. The US dollar may strengthen due to geopolitical factors. Find out more in our analysis for 7 May 2025. EURUSD forecast: key trading points The EURUSD pair halted its upward move and is searching for direction ahead of the Fed rate meeting Market focus is […]
NZDUSD: ⬇️ Sell – NZDUSD reversed from the resistance zone – Likely to fall to support level 0.5900 NZDUSD currency pair recently reversed down from the resistance zone between the key resistance level 0.6020 (which has been reversing the price from November), the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward […]
EURAUD: ⬆️ Buy – EURAUD reversed from the support zone – Likely to rise to resistance level 1.7700 EURAUD currency pair recently reversed from the support zone between the support level 1.7415 (former resistance from the start of March), the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from February. […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 7 May 2025. EURUSD forecast On the H4 chart, EURUSD continues to form a consolidation range around 1.1345. Today, 7 May 2025, the range may extend upwards to 1.1440 as a local target. Afterwards, a decline […]
The USDJPY rate is currently undergoing a correction but remains under pressure, with the price now at 142.99. Find more details in our analysis for 7 May 2025. USDJPY forecast: key trading points Japan’s services PMI for April was revised upwards from 52.2 to 52.4 New orders in the service sector reached the highest level […]
The overview is based on trade ideas provided by the Acuity Trading service. RoboForex analysts only select ideas from those available on the platform and do not develop them independently. Please note that trading in financial markets involves high risks, and the ideas presented are not investment recommendations. Trade ideas for EURUSD, USDCAD, and EURJPY […]
The upcoming Federal Reserve rate decision could propel the GBPUSD pair towards 1.3440. Discover more in our analysis for 7 May 2025. GBPUSD forecast: key trading points UK construction PMI: previously at 46.4, projected at 46.0 Fed interest rate decision: previously at 4.5%, projected at 4.5% GBPUSD forecast for 7 May 2025: 1.3440 and 1.3270 […]
Gold: ⬆️ Buy – Gold reversed from support level 3270,00 – Likely to rise to resistance level 3500.00 Gold recently reversed up the support area between the support level 3270,00 (low of the previous correction a), 20–day moving average and the 50% Fibonacci correction of the upward impulse 5 from April. The upward reversal from […]
USDJPY: ⬇️ Sell – USDJPY reversed from resistance zone – Likely to fall to support level 140.00 USDJPY currency pair recently reversed from the resistance zone between the resistance level 146.00 (former strong support from March) and the 50% Fibonacci correction of the previous downward impulse from March. The downward reversal from this resistance zone […]
