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EUR/USD Weekly Outlook – Action Forex
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key fibonacci level will carry larger bearish implication and target next level at 161.8% projection of 1.1213 to 1.0760 from 1.0936…
Why the CPI Release Matters for the Price of Bitcoin
The previous Consumer Price Index (CPI) report was published on 13 January and had a significant impact on Bitcoin’s price. As the BTC/USD chart shows: → shortly after the release, the price surged aggressively to the 14 January peak;→ it then reversed sharply lower (a sign of a bull trap), creating a bearish outlook —…
Weekly Forecast Newsquawk Week Ahead Highlights
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Gold Technical Analysis And Short Term Forecast
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EUR/USD: Elliott wave analysis and forecast for 06.12.24 – 13.12.24 | LiteFinance
2024.12.06 2024.12.06 EUR/USD: Elliott Wave Analysis and Forecast for 06.12.24 – 13.12.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 1.0703 with a target of 1.0193 – 1.0000. A sell signal: the price holds below 1.0703. Stop Loss: above 1.0730,…
Gold Price Climbs Above $5,000 At the Start of the Week
As shown by today’s XAU/USD chart, gold began the week on a bullish note: trading opened with a bullish gap above Friday’s high, lifting the price above the psychological $5,000 level. The strengthening of gold has been driven by the following factors (according to media reports): → The US dollar, which is weakening ahead of…
