Category: Analysis

EUR/USD started a decent upward move above the 1.1225 resistance. USD/JPY declined below 144.50 and is currently consolidating losses. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro found support and started a recovery wave above the 1.1250 resistance zone. There is a connecting bullish trend line forming with support at 1.1280 on the…

Platinum: ⬆️ Buy Platinum broke the resistance level 1005.00 Likely to rise to resistance level 1080.00 Platinum recently broke the resistance level 1005.00, former monthly high from February and March, as can be seen from the daily Platinum chart below. The breakout of the resistance level 1005.00 increased the bullish pressure on Platinum. Having just…

EURUSD: ⬆️ Buy EURUSD broke daily down channel Likely to rise to resistance level 1.1370 EURUSD currency pair continues to rise inside the minor impulse wave (3), which started earlier from the strong support level 1.1130 intersecting with the support trendline of the daily down channel from April. The support level 1.1130 was strengthened by…

Silver: ⬆️ Buy Silver reversed from support level 31.70 Likely to rise to resistance level 33.50 Silver recently reversed from the pivotal support level 31.70 (which stopped the previous minor wave a at the end of April, as can be seen from the daily Silver chart below). The support level 31.70 was further strengthened by…

Key Highlights Gold found support near $3,120 and started a fresh increase. It cleared a key bearish trend line with resistance at $3,220 on the 4-hour chart. EUR/USD is moving higher above the 1.1250 resistance zone. WTI Crude Oil prices recovered and climbed above the $63.00 level. Gold Price Technical Analysis Gold prices remained supported…

S&P 500 saw its six-day winning streak end amidst rising US yields and concerns over Trump’s tax cut proposals and US debt. The “Magnificent 7” stocks are currently underperforming but could potentially drive a larger S&P 500 recovery in the second half of 2025. Technical analysis indicates bullish momentum for the S&P 500, although a…

Currently trading at around ~33.0865 per troy ounce, silver trades higher in today’s session on a weaker dollar and renewed safe-haven demand. XAG/USD: Key Takeaways With the dollar continuing to weaken, XAG/USD trades ~2.25% higher today, trading above $33 for the first time since May 6th. The recent downgrade of the United States’ credit rating…

The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading at 1.3920, down 0.21% on the day. Canadian CPI eases to 1.7%, core CPI higher Canada released the April inflation report, which indicated that headline and core inflation were moving in opposite directions. Headline CPI dropped sharply to…

AUDUSD fell on Tuesday after the Reserve Bank of Australia cut interest rate by 25 basis points, in a widely expected decision. Fresh weakness has fully reversed Monday advance and heading into the lower part of the recent 0.6350/0.6500 congestion, as the pair holds within a broader range in extended consolidation under new 2025 high…

Tariff wars have increased the legitimacy of stimulus measures in Europe and Asia. Since the start of the year, the ECB and Bank of England have been aggressively cutting rates against the Fed’s continued rate hikes. The People’s Bank of China made a small, 0.1 percentage point cut on Tuesday morning. Earlier this year, Germany…