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USDCAD reversed upwards and consolidated above 1.3600 amid weak Canadian economic data published last week. Details – in our analysis for 7 July 2025. USDCAD forecast: key trading points Market focus: Trump announced that trade tariffs will come into force from 1 August Current trend: an upward correction is underway USDCAD forecast for 7 July […]
The EURUSD pair stabilised around 1.1777 on Friday. Investors feel less nervous about the Fed’s future. Details – in our analysis for 4 July 2025. EURUSD forecast: key trading points The EURUSD pair declined and is now consolidating after major news releases Next week will be eventful: with developments on trade tariffs and the US […]
Bitcoin: ⬇️ Sell – Bitcoin reversed from long-term resistance level 110000.00 – Likely to fall to support level 105000.00 Bitcoin cryptocurrency recently reversed down from the major long-term resistance level 110000.00 (which has been steadily reversing the price from the start of this year, as can be seen below) – intersecting with the upper daily […]
EURCAD: ⬆️ Buy – EURCAD reversed from support level 1.5950 – Likely to rise to resistance level 1.6100 EURCAD currency pair recently reversed up from the strong support level 1.5950 (former double top from April, acting as the support after it was broken). The upward reversal from the support level 1.5950 continues the active short-term […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD and Brent for 4 July 2025. EURUSD forecast On the H4 chart of EURUSD, the market completed a downward wave to 1.1717 and corrected to 1.1788. The market has effectively defined the boundaries of a consolidation range around 1.1717. […]
The decline in Australia’s trade balance may trigger a correction in the AUDUSD rate to 0.6545. Details – in our analysis for 4 July 2025. AUDUSD forecast: key trading points Australia’s trade balance: previous value – 4.859 bln, forecast – 2.238 bln AUDUSD is forming a corrective wave AUDUSD forecast for 4 July 2025: 0.6545 […]