Euro strengthens, trades above 200-day SMA at 0.8425, signaling bullish momentum against Pound. Bulls target January 15 high at 0.8463; breaking this could extend to […]
Tag: Forecast
GBP/USD Price Forecast: Tumbles below 1.2200 after US PPI data
GBP/USD extends downtrend, slipping below 1.2200 after US inflation release. Next GBP/USD support at 1.2136; potential drop to 1.2100 may hit a new year-to-date low. […]
USD/CHF Price Forecast: Extends uptrend as bulls’ eye 0.9200
USD/CHF gains 0.25%, bolstered by reduced expectations of Federal Reserve easing after strong December job figures. ‘Golden Cross’ formation in the 50-day and 200-day SMA […]
AUD/USD Price Forecast: Sees fresh downside below 0.6200
AUD/USD falls to near 0.6230 as the RBA opens doors for interest rate cuts. Fed’s fewer interest rate cut guidance has kept the US Dollar […]
USD/CAD Price Forecast: Sets to rally further
USD/CAD sees more upside as BoC Macklem kept doors open for more interest rate cuts. Monthly Canadian Manufacturing Sales rose by 2.1%, faster than expectations […]
EUR/JPY Price Forecast: Resumes uptrend within ascending trend channel above 160.00
EUR/JPY extends the rally to near 160.35 in Thursday’s early European session, adding 0.15% on the day. The cross resumes an uptrend above the key […]
USD/CHF Price Forecast: Appreciates toward nine-day EMA near 0.8850
USD/CHF attempts to break above the 14-day EMA at the 0.8832 level. The daily chart analysis indicates a sustained bullish bias, with the pair trending […]
Gold Price Forecast: XAU/USD holds above $2,700 on softer US Dollar, geopolitical risks
Gold price attracts some buyers to near $2,720 in Monday’s early Asian session. Heightened geopolitical tensions between Russia and Ukraine lift the Gold price. The […]
2025 Forecast: Rate Cuts Expected to Boost Construction
✕ As interest rates finally begin to ease, economists are fairly optimistic about how the overall construction market will fare in the coming year. For […]
GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600
GBP/USD remains under pressure, testing significant support levels after crossing below the 200-day SMA. Further downside may see the pair target 1.2600 and potentially extend […]