Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

The GBPUSD price achieves more gains - Forecast today - 06-02-2025

Economies.com
2025-02-06 08:59AM UTC

The GBPUSD price surpassed 1.2500$ barrier and settles above it, which supports the expectations of continuing the correctional bullish trend, and the way is open to test 1.2605$ that represents 38.2% Fibonacci correction for the entire decline from 1.3434$ to 1.2100$. 

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The EURUSD price reaches the target – Forecast today - 06-02-2025

Economies.com
2025-02-06 08:58AM UTC

The EURUSD price rebounds bearishly after reaching few pips away from our waited target at 1.0455$, to approach retesting the breached resistance that turns into minor support now at 1.0380$, noticing that stochastic begins to get rid of its negative momentum gradually, waiting to motivate the price to resume the positive trades in the upcoming sessions.

 

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End of day crude oil price forecast update - 05-02-2025

Economies.com
2025-02-05 17:51PM UTC

Crude oil price traded with strong negativity to break 72.30$ and approach the first waited negative target at 71.20$, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its next target reaches 70.30$, noting that the price needs to get a daily close below 72.30$ to confirm the continuation of the decline on the intraday and short-term basis.

End of day gold price forecast update - 05-02-2025

Economies.com
2025-02-05 17:51PM UTC

Gold price shows more bullish bias to reach 2880.00$, waiting for additional rises to test 2900.00$ as a next main station, to continue suggesting the bullish trend unless breaking 2835.00$ and holding below it.