The price of (EURUSD) rose in its last intraday trading, to breach the resistance level at 1.1575, accompanied by getting rid of the negative pressure of the EMA50, announcing its recovery in intraday levels amid the dominance of bullish minor wave, with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramTo view the full performance report for this week, visit the following link:
As part of today’s intraday outlook, BestTradingSignal.com, featured by Economies.com, has issued a new signal for gold (XAUUSD), offering multiple profit targets and a well-defined risk management level.
3387
This signal reflects a short-term bearish expectation for gold. The entry zone is well-placed for potential downside movement, with risk controlled through a defined stop loss. Traders are advised to monitor price action around the entry range and manage their positions accordingly.
For more high-accuracy signals:
Disclaimer: All trading signals provided are for educational and analytical purposes only. They do not constitute financial advice or a direct recommendation to buy or sell any financial instrument. Trading in financial markets involves significant risk and may result in the loss of your capital. Always seek independent financial advice before making any investment decisions.
Despite the strong negative pressure on coffee prices due to its stability below the support of the broken minor channel’s support at 311.00 besides providing negative momentum by the main indicators, but its stability above the support base at 276.70 supports the chances for forming bullish waves, to fluctuate near 297.50.
Stochastic attempt to provide positive momentum that will increase the chances for targeting 311.00 level, surpassing it is important for regaining the bullish bias, then begin recording several gains by its rally to 328.00.
The expected trading range for today is between 284.00 and 311.00
Trend forecast: Bullish
Despite the rally of the EURJPY pair yesterday above 170.45 level, that will not confirm regaining the bullish bias due to the continuation of the main indicators’ contradiction besides forming a strong extra barrier against the current trading.
And that makes us wait for gathering the negative momentum again, which allows it to resume gathering the gains and forming bearish correctional waves to target 169.35 reaching the extra support near 168.45.
The expected trading range for today is between 169.35 and 171.25
Trend forecast: Bearish