Strong price fluctuations dominated by bearish forces have led the exchange rate to break through a long-held resistance level. Now, this level may act as support for the price. We can already see the price attempting to rebound from it. If buyers manage to utilize this support level, we may witness a decent price bounce.… Запись USD/JPY Forecast. Correction development expected впервые появилась ForexNews.PRO ..read more

The situation with the British currency is almost identical to what we’re observing with EUR/USD. Buyers hastily tried to reach new highs but overestimated their strength. As a result, intensified selling pressure pushed the price back to the initial point of the surge. It’s possible that waves 1-2 have formed within the emerging extension within… Запись GBP/USD Forecast. The price may attempt another upward move впервые появилась ForexNews.PRO ..read more

Buyers are excessively eager to push the price higher, and this haste is causing interference. The overly steep angle of attack leads to overheating, which needs to be corrected, and that’s what the market is doing. As soon as the price updated the local maximum, selling pressure hit the euro, significantly pushing the price down.… Запись EUR/USD Forecast. Impulsive growth is anticipated in the third wave впервые появилась ForexNews.PRO ..read more

AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, to show some temporary slight bearish bias, waiting to gather positive momentum that assist to push the price to resume the bullish bias and breach the mentioned level to open the way to achieve additional gains that reach 0.6728$. Therefore, we will… Запись The AUDUSD price hits the second target – Forecast today – 06-05-2024 впервые появилась ForexNews.PRO ..read more

Brent Oil Price Analysis Expected Scenarios Brent oil price bounced bearishly after testing 84.77$ level in the previous sessions, to head towards resuming the correctional bearish track that targets 82.40$ as a next negative station, noting that breaking it will push the price towards 80.08$ as a next negative target. The negative effect of the… Запись Brent oil price resumes the bearish correction – Forecast today – 06-05-2024 впервые появилась ForexNews.PRO ..read more

USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited target at 0.9014, which represents 23.6% Fibonacci correction level for the bullish wave that appears on the chart, noticing that stochastic begins to lose the positive momentum gradually, to support the chances of resuming the negative trades and break the mentioned level… Запись The USDCHF price hits the target – Forecast today – 06-05-2024 впервые появилась ForexNews.PRO ..read more

NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which supports the continuation of the correctional bullish trend, which its next target located at 0.6070$, noting that the previously completed double bottom pattern has additional positive targets that surpass the mentioned level to reach 0.6140$ as a next positive station. Therefore, the… Запись The NZDUSD price completes the positive pattern – Forecast today – 06-05-2024 впервые появилась ForexNews.PRO ..read more

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USDCAD Price Analysis Expected Scenarios The USDCAD price managed to touch our first target at 1.3620$ and found solid support there, to show some bullish bias and test the EMA50 that forms good resistance that meets 1.3705$ level, accompanied by stochastic loss to the positive momentum clearly and reach the overbought areas. Therefore, these factors… Запись The USDCAD price touches the first target – Forecast today – 06-05-2024 впервые появилась ForexNews.PRO ..read more