Day: May 7, 2025
The EURUSD pair is regaining ground, with bulls aiming to test the 1.1495 resistance level. Discover more in our analysis for 6 May 2025. EURUSD forecast: key trading points The ISM services PMI in the US rose in April, exceeding analyst expectations The Federal Reserve’s two-day policy meeting, concluding on Wednesday, will be one of […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 6 May 2025. EURUSD forecast On the H4 chart, EURUSD continues consolidating around the 1.1345 level. On 6 May 2025, the market may extend the range downward to 1.1250 as a local target. A rebound to […]
DAX: ⬇️ Sell – DAX reversed from key resistance level 23435,00 – Likely to fall to support level 22700.00 DAX index recently reversed down from the key resistance level 23435,00 (which stopped the previous impulse wave (1) in the middle of March). The resistance level 23435,00 was further strengthened by the upper daily Bollinger Band. […]
Verizon: ⬆️ Buy – Verizon broke daily Triangle – Likely to rise to resistance level 44.80 Verizon recently broke the resistance trendline of the daily Triangle from the start of April (which has enclosed the previous waves B, i and ii). The breakout of this Triangle should accelerate the active impulse wave iii, which belongs to the […]
