Angela_baby

Angela_baby

The EUR/USD chart shows that the price has just broken out of the upside channel, confirming that bearish pressure is increasing. With this breakout, there is a high possibility that EUR/USD will continue its downtrend towards the support zone around 1.0820. If the price stays below the EMA (34), the downtrend will be reinforced, opening up the potential for the...

Angela_baby

The current gold price chart shows that there has been a breakout from the previous upward trend line, while the price is also falling below the EMA 34 and EMA 89, confirming the downtrend. With strong selling pressure after the breakout, there is a high possibility that the gold price will continue to decline towards the important support zone around...

Angela_baby

The USD/JPY chart shows a bullish correction after the previous sharp decline. Currently, the pair is retesting the resistance zone near 153.0, with the 34 EMA and 89 EMA sloping down, indicating that the bearish pressure is still strong. If the price fails to break above this resistance zone, there is a high possibility that USD/JPY will reverse lower, heading...

Angela_baby

The current GBP/USD chart shows that after breaking the upward trendline, the pair has fallen sharply and is testing support in the 1.2840–1.2860 zone. The EMA (34) and EMA (89) are both sloping down, indicating that bearish pressure is still dominant. However, if the price can hold this support zone and recover above 1.2900, there could be a short-term recovery...

Angela_baby

The EUR/USD chart shows that the double bottom pattern has completed and the price has just made a strong breakout above the resistance level, especially when it broke above the 89 EMA. This confirms that the next trend is likely to be bullish. With the double bottom pattern and the breakout signal, EUR/USD is expected to continue its upward momentum, heading...

Angela_baby

Gold is currently hovering around $2,747/ounce after facing strong selling pressure from the $2,800/ounce resistance. The technical chart shows that the EMA(89) acts as an important support, and the test of this area will determine the next trend of the market. Recent news also contributed to the gold trend. Political uncertainty ahead of the US presidential...