The Week Ahead: Reaching the Summit – Orbex Forex Trading Blog

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EUR/USD dived further to 1.1064 last week but recovered ahead of 38.2% retracement of 1.0176 to 1.1572 at 1.1039. Initial bias remains neutral this week first. Strong support is still expected from 1.1039 to complete the correction from 1.1572. On the upside, above 1.1292 will bring stronger rise back to retest 1.1572. However, sustained break…

As today’s XAU/USD chart shows, the price of gold has dropped below the lows of 12 February, marking its weakest level in ten days. According to media reports, several factors are weighing on bullion: → Easing geopolitical tensions. Safe-haven demand has diminished amid US–Iran and Russia–Ukraine negotiations.→ Slowing US inflation. This may be prompting traders…

2025.01.30 2025.01.30 Short-Term Analysis for Oil, Gold, and EURUSD for 30.01.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil continues to…

GBP/USD is attempting a recovery wave from 1.3035. USD/CAD is showing positive signs and might aim for more gains above 1.4130. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a recovery wave above 1.3050 and 1.3080. There is a key bearish trend line forming with resistance near 1.3110 on the hourly…

South Korea’s presidential office said in a statement on Sunday, “we will communicate closely with the US regarding this matter and make a decision after careful review.” Takayuki Kobayashi, policy chief of Prime Minister Sanae Takaichi’s ruling Liberal Democratic Party (LDP), told public broadcaster NHK, “I regard the threshold as extremely high for sending Japanese navy ships…