Category: Technial Analysis
CADJPY: ⬆️ Buy – CADJPY reversed from strong support 101.60 – Likely to rise to resistance level 105.00 CADJPY currency pair recently reversed from the support zone surrounding the strong support 101.60 (which has been reversing the price since last August). This support zone was strengthened by the lower daily Bollinger Band. The upward reversal […]
GBPUSD: ⬇️ Sell – GBPUSD reversed from resistance area – Likely to fall to support level 1.2700 GBPUSD currency pair recently reversed down from the resistance area between the resistance level 1.3050 (which reversed the price in October and November), upper daily Bollinger Band and the resistance trendline of the daily up channel from January. […]
XAUUSD quotes are attempting to recoup some losses, hovering around 3,004 USD. Compared to industrial metals, Gold appears more attractive. Discover more in our analysis for 8 April 2025. XAUUSD forecast: key trading points Gold (XAUUSD) prices have halted their decline after three sessions of heavy selling and are stabilising Investors seek safe-haven assets as the […]
ECB Vice President could trigger a rally in the EURUSD rate towards 1.1090. Find out more in our analysis for 8 April 2025. EURUSD forecast: key trading points Speech by ECB Vice President Luis de Guindos Jurado NFIB Small Business Optimism Index (US): previously at 100.7, projected at 98.9 EURUSD forecast for 8 April 2025: […]
Merck: ⬇️ Sell – Merck broke strong support level 81.30 – Likely to fall to support level 75.00 Merck is under bearish pressure after breaking the strong support level 81.30 (the former monthly low from February, which stopped the earlier impulse wave 1). The breakout of the support level 81.30 should accelerate the active downward […]
CADCHF: ⬇️ Sell – CADCHF reversed from pivotal resistance level 0.6050 – Likely to fall to support level 0.5935 CADCHF currency pair recently reversed from the resistance zone between the pivotal resistance level 0.6050 (former monthly low from March) and the 50% Fibonacci correction of the downward impulse from the start of April. The downward […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 8 April 2025. EURUSD forecast On the H4 chart of EURUSD, the market completed a corrective wave to 1.1049 and a downward wave to 1.0900. Today, 8 April 2025, a consolidation range around 1.0950 may form. […]
A slowdown in PayPal’s branded payments growth points to intensifying competition. Investors are selling the company’s shares, and there is little left to support the stock but the prospect of a buyback. PayPal Holdings, Inc.’s (NASDAQ: PYPL) Q4 2024 report showed a deceleration in branded transaction growth and pressure on commission-based revenue, which drove the […]
GBPCHF: ⬇️ Sell – GBPCHF broke the support zone – Likely to fall to support level 1.0785 GBPCHF currency pair recently fell sharply through the support zone between the support levels 1.1000 and 1.1100. The breakout of this support zone was preceded by the breakout of the daily up channel from September. The breakout of […]
WTI: ⬇️ Sell – WTI broke the long-term support zone – Likely to fall to support level 55.00 WTI crude oil recently broke the long-term support zone set between the support levels 60.00 and 65.00. This support zone has stopped all downward corrections from the middle of 2021. The breakout of this support zone accelerated […]