Category: Technial Analysis
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: […]
Boeing: ⬆️ Buy – Boeing reversed from the support zone – Likely to rise to resistance level 230.00 Boeing recently reversed up from the support zone between the pivotal support level of 217.50 (former top of wave 1 from June) and the lower daily Bollinger Band. This support zone was further strengthened by the 50% Fibonacci correction […]
Brent Crude Oil: ⬇️ Sell – Brent Crude Oil broke support zone – Likely to fall to support level 66.00 Brent Crude Oil recently broke the support zone between the key support level of 68.00 (which reversed the price multiple times in July) and the two support trendlines from May. The breakout of this support […]
Brent prices stand at 68.55 USD as the market fears the consequences of the OPEC+ production decision and US trade tensions. Discover more in our analysis for 5 August 2025. Brent forecast: key trading points Brent oil remains under pressure due to rising geopolitical risks The US increases pressure on India and imposes new tariffs […]
The EURUSD rate attempts to extend its rally as weak US macroeconomic data puts pressure on the dollar. The current quote is 1.1574. Find out more in our analysis for 5 August 2025. EURUSD forecast: key trading points Expectations of a Federal Reserve rate cut in September have increased, with traders pricing in an 80% […]
The US 500 index approached the 6,500.0 level, and with each new all-time high, the likelihood of a downward correction increases. The US 500 forecast for today is positive. US 500 forecast: key trading points Recent data: US NFP for July came in at 73 thousand Market impact: slower employment growth and a high unemployment […]
Trade ideas for EURUSD, GBPUSD, and USDJPY are available today. The ideas expire on 6 August 2025 at 8:00 AM (GMT +3). EURUSD trade idea The EURUSD currency pair has formed a Bullish Outside Day reversal pattern, suggesting the possible end of the downtrend and the beginning of a new upward impulse. However, selling pressure […]
Following the release of the BoJ meeting minutes, the yen remains under pressure, and the USDJPY pair has a real chance to rise towards the 149.00 level. Discover more in our analysis for 5 August 2025. USDJPY forecast: key trading points Bank of Japan monetary policy meeting minutes US services PMI: previously at 52.9, projected […]