The GBP/USD pair is currently trading around 1.2515 after recovering from the sharp decline that drove the pair below 1.2400 for the first time in nearly ten months. The 2-hour chart highlights a potential bullish rebound, supported by the price bouncing off the 1.2350 support level. Key resistance looms at 1.2600, where further upward movement may encounter...
The USD/JPY pair is currently trading around 157.27, maintaining a sideways trend on the 4-hour chart. The price is constrained by strong resistance at 157.65 and support at 156.00. The EMA 34 and EMA 89 continue to act as dynamic support, preventing deeper declines while also posing a barrier to short-term upward momentum. Market sentiment remains cautious,...
The EUR/USD pair is currently trading around 1.0270, extending its sharp decline into the first trading sessions of 2025. This marks a critical moment as the pair reaches its lowest level in nearly 26 months, driven by a strong bearish momentum. On the 4-hour chart, EUR/USD remains entrenched within a descending channel, with resistance aligned at 1.0367 and lower...
XAU/USD trades near $2,660, moving sideways between key support at $2,580 - $2,590 and resistance at $2,710 - $2,720. The 34-day and 89-day EMAs provide dynamic support and resistance, maintaining the consolidation. Safe-haven demand remains strong due to ongoing tensions in the Middle East and the Russia-Ukraine conflict, supporting gold’s value. In the short...
USD/JPY is currently trading near 157.23, displaying a clear sideways trend on the 4-hour timeframe. The chart indicates the pair fluctuates within the price range of 155.70 - 158.20, reinforced by selling pressure from the strong resistance at 158.20 and solid support at 155.70. The EMA 34 and EMA 89 serve as dynamic supports, providing a foundation to keep the...
Gold (XAU/USD) is currently trading around $2,634, showing a sideways consolidation after bouncing off the critical support zone at $2,603. On the 4-hour chart, the rising trendline and this support zone continue to act as a foundation for buyers. The strong resistance at $2,651 is capping further gains, and a breakout above this level could push prices toward...
The GBP/USD pair is currently trading around 1.2530, showcasing a sideways trend within a narrow range. On the 4-hour chart, the price oscillates between the key support zone of 1.2500 - 1.2510 and the resistance zone of 1.2590 - 1.2600. The moving averages, EMA 34 and EMA 89, are providing dynamic resistance, further limiting any significant upward movement. The...
EUR/USD is trading around 1.0365, exhibiting a short-term sideways trend but facing increasing bearish pressure from the key resistance zone at 1.0414. On the 4-hour chart, the descending trendline and EMA 34 (1.0410) and EMA 89 (1.0440) act as strong barriers, limiting any recovery attempts. On the downside, the primary support zone at 1.0342 - 1.0291 is...