The USD/CAD pair extended its gradual upward movement, successfully breaching the key psychological resistance at 1.4000, reaching the target level of 1.4020 and marking an intraday high at 1.4034. Technical Overview The Relative Strength Index (RSI) continues to issue short-term positive signals, supporting the prevailing bullish momentum. Meanwhile, the pair …
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The GBP/USD pair extended its sharp decline within the bearish framework highlighted in the previous report, breaking below the projected downside target at 1.3320 and recording a new low near 1.3280. Technical Overview Relative Strength Index (RSI): Despite entering oversold territory, the indicator continues to send negative signals, reflecting persistent …
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Gold prices retreated after reaching a new all-time high near $4,058 per ounce, as profit-taking prompted a pullback that pushed the metal to stabilize below the $4,000 psychological barrier. Technical Overview The metal found short-term support around $3,945, allowing a mild rebound toward $3,975. The simple moving averages continue to …
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The USD/CAD pair extended its upward movement for a second consecutive session, maintaining positive momentum in line with the previously expected bullish outlook. The pair continues to benefit from sustained demand for the US dollar and firm technical support. Technical Outlook – 4-Hour Timeframe: The Relative Strength Index (RSI) continues …
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The GBP/USD pair extended its bearish movement in line with the previously expected outlook, successfully reaching the official downside target at 1.3390 amid sustained selling pressure and a firm strengthening of the US dollar. Technical Outlook – 4-Hour Timeframe: The Relative Strength Index (RSI) continues to generate negative signals despite …
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Gold (XAU/USD) continues to advance strongly, setting fresh all-time highs and reinforcing the prevailing bullish momentum. The metal reached a new record of $4,030 per ounce at the time of writing, driven by sustained buying activity and investor demand for safe-haven assets amid global uncertainty. Technical Outlook – 4-Hour Timeframe: …
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The USD/CAD pair continues to show gradual upward movement, maintaining its recent bullish tone as technical indicators remain supportive of a continuation in the prevailing trend. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) continues to provide positive short-term signals, reflecting steady bullish momentum. Meanwhile, the price remains …
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The GBP/USD pair continues to trade under pressure on the intraday level, moving lower as it approaches the key psychological resistance at 1.3500. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) continues to issue negative signals, reflecting persistent bearish momentum on short-term timeframes. Meanwhile, the 50-day Simple Moving …
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Gold prices continue to reach new record highs, starting the week with sharp gains during Asian trading, touching $3,933 per ounce. Technical Overview: 50-Day Simple Moving Average (SMA): The price remains firmly above this level, providing dynamic support that continues to strengthen the bullish momentum. Relative Strength Index (RSI): Despite …
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The pair maintained its bullish momentum, reaching the official target at 1.3970 and recording a session high of 1.3986. Technical Outlook: RSI: Continues to issue positive short-term signals, reflecting sustained bullish momentum. 50-day SMA: Price action remains above the moving average, providing dynamic support to the uptrend. Probable Scenario: Bullish …
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