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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 […]