Category: Technial Analysis
The USDJPY rate is falling as Japan’s economic data partially improves. The price currently stands at 143.45. Find more details in our analysis for 2 June 2025. USDJPY forecast: key trading points Japan’s manufacturing PMI was revised to 49.4 in May 2025 Manufacturing sector employment in Japan rose at the fastest pace since April 2024 […]
EURGBP: ⬆️ Buy – EURGBP broke daily Falling Wedge – Likely to rise to resistance level 0.8525 EURGBP currency pair recently broke the resistance trendline of the daily Falling Wedge chart pattern from April, which encloses the earlier ABC correction (2). The breakout of this Falling Wedge continues the active impulse wave (3), which started […]
Gold: ⬆️ Buy – Gold broke daily down channel – Likely to rise to resistance level 3440.00 Gold recently broke the resistance trendline of the daily down channel from April (which enclosed the previous medium-term ABC correction (2)). The breakout of this down channel should accelerate the active minor impulse wave 3 of the intermediate […]
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 do not constitute investment advice. Trade ideas for GBPJPY, XAUUSD, and […]
Weak US manufacturing PMI and the upcoming speech by Fed Chairman Jerome Powell could trigger a correction in the USDCAD rate towards 1.3770. Discover more in our analysis for 2 June 2025. USDCAD forecast: key trading points US manufacturing PMI: previously at 48.7, projected at 49.3 Speech by US Federal Reserve Chairman Jerome Powell USDCAD […]
Ethereum: ⬇️ Sell – Ethereum reversed from resistance zone – Likely to fall to support level 2400.00 Ethereum cryptocurrency recently reversed down from the resistance zone lying between the resistance level 2800.00 (which has been reversing the price from February), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from December. […]
GBPCAD: ⬇️ Sell – GBPCAD reversed from resistance zone – Likely to fall to support level 1.8275 GBPCAD currency pair recently reversed down from the resistance zone lying between the resistance level 1.8720 (which stopped the previous impulse wave (3) and the resistance trendline of the weekly up channel from 2023. This resistance zone was […]
Rising inflation expectations and a possible decline in the US core PCE price index may drive XAUUSD quotes towards the 3,365 USD mark. Discover more in our analysis for 30 May 2025. XAUUSD forecast: key trading points US core PCE price index: previously at 2.6%, projected at 2.5% University of Michigan US inflation expectations: previously at […]
The EURUSD pair faces selling pressure, with quotes declining after rebounding from the 1.1385 resistance level. Find more details in our analysis for 30 May 2025. EURUSD forecast: key trading points The US economy contracted by 0.2% year-on-year in Q1 2025 The US CEO Confidence Index fell in Q2 2025 to its all-time low EURUSD […]
Monero: ⬇️ Sell – Monero reversed from round resistance level 400.00 – Likely to fall to support level 300.00 Monero recently reversed down from the powerful round resistance level 400.00, standing far above the upper daily Bollinger Band. The price will form the weekly Japanese candlesticks reversal pattern Bearish Engulfing if it closes this week […]