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Ahead of the Eurogroup meeting, the EURUSD pair may complete its correction and head towards the 1.1330 resistance level. Discover more in our analysis for 12 May 2025. EURUSD forecast: key trading points Eurogroup meeting in focus EURUSD forecast for 12 May 2025: 1.1330 Fundamental analysis Fundamental analysis for 12 May 2025 considers today’s Eurogroup […]
Gold (XAUUSD) has dropped to 3,275 USD as demand for safe-haven assets fades. The market is awaiting the announcement of a potential deal between China and the US. Find out more in our analysis for 12 May 2025. XAUUSD forecast: key trading points Gold (XAUUSD) prices decline amid expectations of progress in China-US trade talks […]
S&P 500 index: ⬆️ Buy – S&P 500 index broke resistance area – Likely to rise to resistance level 5930.00 S&P 500 index recently broke the resistance area between the resistance levels 5800.00 (top of wave 4 from March), 5700.00 (which stopped wave 1 at the start of May) and the 61.8% Fibonacci correction of […]
USDJPY: ⬆️ Buy – USDJPY broke the resistance area – Likely to rise to resistance level 150.00 USDJPY currency pair continues to rise strongly inside the c-wave, which recently broke the resistance area between the resistance level 146.00 (top of the previous wave a), 50% Fibonacci correction of the downward impulse from March and the […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD and Brent for 12 May 2025. EURUSD forecast On the H4 chart, EURUSD broke below 1.1300 and continues its downward wave towards 1.1150, a local target. Today, 12 May 2025, the price reached 1.1192. A corrective move towards 1.1300 […]
The USDJPY pair is climbing amid disappointing data from Japan, with the price currently at 146.07. Find more details in our analysis for 12 May 2025. USDJPY forecast: key trading points Japan’s current economic conditions index dropped to its lowest since February 2022 Tokyo’s economic outlook index fell to its weakest since April 2021 USDJPY […]