Day: August 6, 2025
EURUSD: ⬆️ Buy – EURUSD reversed from support area – Likely to rise to resistance level 1.1755 EURUSD currency pair recently reversed from the support area between the strong support level of 1.1500 (former low of wave iv from June), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from […]
EURCHF: ⬆️ Buy – EURCHF rising inside sideways price range – Likely to test resistance level 0.9420 EURCHF currency pair recently reversed from the support area between the strong support level of 0.9300 (lower border of the sideways price range from April) and the lower daily Bollinger Band. The upward reversal from this support area […]
The USDJPY pair has declined, albeit temporarily. The Bank of Japan still has no room to raise interest rates. Find out more in our analysis for 6 August 2025. USDJPY forecast: key trading points The USDJPY pair is slightly edging down, but the yen faces many internal challenges Household income data limits the BoJ’s ability […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD and Brent for 6 August 2025. EURUSD forecast On the H4 chart of EURUSD, the market continues to develop a compact consolidation range around 1.1566 without a clear trend. A Pennant structure has formed. Today, 6 August 2025, the […]
The US 500 index has entered a short-term downtrend. The US 500 forecast for today is negative. US 500 forecast: key trading points Recent data: US services PMI for July came in at 55.7 Market impact: a higher-than-expected PMI reading reflects strong demand and activity in the services sector, which typically supports stock market growth […]
Trade ideas for USDCHF, USDJPY, and XAGUSD are available today. The ideas expire on 7 August 2025 at 8:00 AM (GMT +3). USDCHF trade idea The USDCHF currency pair has been undergoing a bullish correction for the third consecutive session. However, selling pressure remains. The current rally continues to attract bears. Intraday, the price is […]
The EURUSD rate is strengthening, reaching the 1.1600 area amid rising producer price inflation in the eurozone. Discover more in our analysis for 6 August 2025. EURUSD forecast: key trading points Market focus: today, the market awaits eurozone retail sales data Current trend: moving upwards EURUSD forecast for 6 August 2025: 1.1700 or 1.1500 Fundamental […]
Investors remain cautiously optimistic about GBPUSD amid a weakening US dollar, with the price currently at 1.3306. Discover more in our analysis for 6 August 2025. GBPUSD forecast: key trading points The US ISM services PMI fell to 50.1 in July The ISM report indicates almost complete stagnation in the services sector GBPUSD forecast for […]
XAUUSD prices continue to strengthen, taking advantage of the weaker dollar after disappointing US Nonfarm Payrolls data. Find more details in our analysis for 5 August 2025. XAUUSD forecast: key trading points Market focus: today, the market awaits the US S&P Global services PMI data Current trend: moving upwards XAUUSD forecast for 5 August 2025: […]