EUR/JPY Price Prediction: Drops to around 183.50 near nine-day EMA
The EUR/JPY currency pair saw its decline extend for the third consecutive day, trading close to 183.60 during the Asian session on Thursday. The 14-day Relative Strength Index (RSI) registered at 47.11, indicating a phase of neutral to weak momentum rather than a strong directional trend. This currency pair is currently below the 50-day exponential […]
Gold Price Outlook: XAU/USD remains under 20-day EMA, likely to decline further below $3,940
Gold prices (XAU/USD) dropped by 0.7%, hovering around $4,030 during Thursday’s European trading session. Precious metals are under pressure from selling as inflation worries persist worldwide, especially with rising energy prices linked to heightened military tensions between the U.S. and Iran. On the same day, a drone struck an oil tanker at Iraq’s Basra terminal, […]
Silver Price Outlook: XAG/USD declines towards $56.50 after retreating from nine-day EMA
The XAG/USD has seen a continued decrease for the second consecutive day, hovering around $56.80 per troy ounce during European trading hours on Thursday. Analyzing the daily chart indicates that the asset’s current price is slightly under the upper limit of a descending channel, hinting at a persistent bearish trend. This suggests that sellers are […]
AUD/USD Price Outlook: 20-day EMA remains an important hurdle
Market Update on AUD/USD and Inflation Concerns On Tuesday in European trading, the AUD/USD pair saw a 0.35% increase, trading at approximately 0.6945. This rise in the Australian dollar came as the US dollar struggled against other currencies, particularly ahead of the release of the Consumer Price Index (CPI) data for June, expected at 12:30 […]
AUD/USD Price Prediction: Approaches the nine-day EMA threshold around 0.6950
AUD/USD Outlook: Bearish Bias Persists The AUD/USD pair climbed a bit after experiencing a 0.5% dip the day before, sitting around 0.6930 during Tuesday’s Asian trading session. A look at the daily chart indicates that this pair is still caught in a descending channel, which leans towards a bearish sentiment. In the short term, it […]
EUR/USD Price Outlook: 20-day EMA serves as a crucial obstacle close to 1.1460
EUR/USD Trading Update On Monday morning in Europe, the EUR/USD pair dipped slightly to about 1.1428. Major currency pairs are experiencing some selling pressure as the US dollar gains strength following a disappointing weekly close. During late trading in Asia, the US dollar index (DXY), which gauges the dollar’s performance against six major currencies, was […]
USD/CAD Price Outlook: A potential dip to the 20-day EMA could present a buying chance
USD/CAD Currency Pair Update The USD/CAD pair showed a lackluster performance around 1.4175 during European trading on Friday. The Canadian dollar, or loonie, has been on a downward trend as the US dollar feels selling pressure following the Federal Reserve’s recent move away from a hawkish stance. During European trading, the US Dollar Index (DXY), […]
EUR/USD Price Outlook: Difficulty in reclaiming 20-day EMA, focus on Fed policy
Market Update: EUR/USD and Federal Reserve Insights During European trading on Tuesday, EUR/USD dipped slightly to around 1.1580. Other major currency pairs also fell, reflecting a rise in the US dollar as traders anticipated the Federal Reserve’s monetary policy announcement scheduled for Wednesday. At this moment, the US Dollar Index (DXY), which gauges the dollar’s […]
USD/CHF Price Outlook: Falls beneath 0.7950, nine-day EMA
The USD/CHF currency pair is down nearly 0.5%, trading around 0.7930 during Monday’s European session. A look at the daily chart reveals that it remains within an ascending channel pattern, suggesting that the bullish sentiment is still in play. Although the pair is holding above the 50-day exponential moving average (EMA) and appears to be […]
GBP/USD Price Prediction: US-Iran agreement helps push beyond 20-day EMA
During late trading in Asia on Monday, the GBP/USD pair rose by 0.35%, hovering around 1.3460. The British pound, often referred to as “cable,” is continuing its upward trend for another week, fueled by improving market sentiment after a recent deal between the US and Iran. At this moment, S&P 500 futures had increased by […]