Technical Analysis – USDJPY storms to a fresh 6-month peak

USDJPY has been trading within an upward sloping channel since mid-March, crossing above crucial technical levels such as both its 50- and 200-day simple moving averages (SMAs). In today’s session, the pair recorded a fresh six-month high as the bulls seem to have gained total control. The momentum indicators currently suggest that buying forces are strengthening near […]

Stock Trkr
Technical Analysis – EURUSD in a bearish cycle; 1.0700 next in focus  

EURUSD has been in a tight downward-sloping channel over the past three weeks, falling from nearly 1.1100 to a two-month low of 1.0713 on Thursday. The latest bearish correction followed the rejection near the 20-period exponential moving average (EMA) and the extension of the ascending trendline, which connects the lows from September and November. Some […]

Stock Trkr
Analysis of GBP/USD. May 25. The US labor market may begin to experience problem

The wave labeling for the GBP/USD pair appears complex and ambiguous because it does not resemble a classical corrective or impulsive trend segment. The formation of a new upward trend segment in the pound continues. From March 8th to May 10th, I can only identify one wave of the current scale, so there is a […]

Stock Trkr
Analysis of EUR/USD. May 25th. De Guindos, ECB: it is necessary to curtail support measures

The wave labeling on the 4-hour chart for the euro/dollar pair remains non-standard and has not changed in recent weeks. The quotes continue to move away from previously reached highs, so the three-wave upward structure can be considered complete. The entire ascending trend segment could form a five-wave corrective pattern, but at the moment, I […]

Stock Trkr
Gold: bearish pattern activated

The price of gold crashed after the US economic data and now is trading at 1,947 right above 1,939 today’s low. You already know from my analyses that the downside pressure remains high after yesterday’s false breakout through 1,984. Earlier today, the US Prelim GDP, Unemployment Claims, and Prelim GDP price Index came in better […]

Stock Trkr
May 25, 2023 : EUR/USD Technical Analysis and Key Levels for Today.

The pair dropped to 0.9600, the lowest level since 2002, and then bounced back strongly, especially around this key support level. The bulls did not stop at the next resistance level of 1.0100, but pushed the prices higher along the lower edge of the shown channel. This resulted in reaching new bullish targets at 1.0250, […]

Stock Trkr
GBP/USD Technical Outlook and Key Levels for Today, May 25, 2023.

The pair was in an uptrend from 1.0400 to 1.0600, which prevented further losses. The rising lows at 1.1150 and 1.1750 showed that bulls were strong and could push the price higher than 1.1750. Bulls faced resistance at 1.2340, but they overcame it. However, they could not make a new high and instead repeated the […]

Stock Trkr
Technical Analysis – EURAUD bulls’ confidence remains sky-high

EURAUD’s aggressive upleg since the early March breakout fell short of retesting the October 20, 2020 high of 1.6826. However, the bulls should feel pretty confident considering the 15% rally they have staged since the August 2022 lows. They are actually preparing the ground for another move higher as they are currently trying to record […]

Stock Trkr
Tight credit conditions weigh on share buybacks, stocks in trouble? – Stock Market News

During the last few years, corporate share buybacks have been one of the main factors behind the prolonged rally observed in the equity space. However, as the period of loose credit conditions and extremely low interest rates has officially come to an end, it remains to be seen whether this theme belongs to the past. Up […]

Stock Trkr
XAU/USD Outlook for May 25, 2023

Our main forecast is based on the expectation of a resumption of growth for XAU/USD. In the current situation of uncertainty, many economists predict an increase in demand for safe-haven assets, particularly gold. From a technical perspective, XAU/USD is developing a short-term downward dynamics towards key support levels: 1905.00 (144 EMA on the daily chart), […]

Stock Trkr
EUR/USD: downside continuation post positive US data

The EUR/USD pair dropped as much as 1.0713 today, registering a new lower low. The bias is bearish, so a downside continuation is natural. DXY’s further growth boosted the greenback. The USD dominates the currency pair also because the US data came in better than expected earlier today. Fundamentally, the US Prelim GDP reported a […]

Stock Trkr
XAU/USD: are we waiting for a resumption of growth?

The situation with the U.S. debt ceiling is at the center of market participants’ attention. Republicans insist on significant budget cuts, while Democrats, along with U.S. President Joe Biden, demand an increase in the limit without any conditions. As recently stated by U.S. Treasury Secretary Janet Yellen, if Congress fails to raise the debt ceiling […]

Stock Trkr
Technical analysis on Silver for May 25th, 2023.

Violet lines- Fibonacci retracement levels Silver is under pressure for a third week. Price is now trading at $22.78. Short-term trend remains bearish as price continues making lower lows and lower highs. Price has just broken below the 50% Fibonacci retracement which was our second target. The RSI has still not reached the oversold area […]

Stock Trkr
EUR/USD: Panic sentiments intensify as the dollar gains momentum

The situation with the U.S. government debt is gaining influence over traders with each passing day. It’s not surprising, as the deadline set by the U.S. Treasury Department (June 1) is getting closer, and the parties are still far from reaching a deal. Furthermore, it was announced today that the House of Representatives is going […]

Stock Trkr
Technical analysis on EURUSD for May 25th, 2023.

Red lines- bearish channel EURUSD is trading around 1.0730. Short-term trend remains bearish. EURUSD made an attempt yesterday to break out above short-term resistance and out of the bearish channel. Bulls failed and price got rejected at the channel upper boundary. Price got rejected at 1.08 resistance and has since then made new lower lows. […]

Stock Trkr
NZDUSD breaks below support and out of trading range.

Black line- resistance Green line- support trend line Yellow rectangles- rejections NZDUSD is trading around 0.6078. Yesterday price closed below the key support trend line at 0.6114 and provided a new bearish signal. At the same time price was exiting the trading range it was in since January. As we mentioned in our previous analysis, […]

Stock Trkr
Video market update for May 25, 2023

Upside in play on the Gold…. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Strong Dollar Hinders Market Growth, No Compromise on Debt… May 25, 2023 The lingering uncertainty and concerns associated with debt ceiling negotiations…EUR/USD and GBP/USD: Trading plan for beginners on May 25,… May 25, 2023 Details of the economic […]

Stock Trkr
Strong Dollar Hinders Market Growth, No Compromise on Debt Ceiling in Sight

The lingering uncertainty and concerns associated with debt ceiling negotiations remain in limbo. Over the past three consecutive weeks, the U.S. dollar has continued to rise. In early May, the dollar index was trading at the level of 101, and currently, it is fixed at 104.04. Over the past two days, the dollar has risen […]

Stock Trkr
Analysis and trading tips for GBP/USD on May 25 (US session)

The test of 1.2353 coincided with the time when the MACD line was just starting to move up from zero, which was a signal to buy. However, the pair only increased by 10 pips. Another test with a similar setup allowed a profit of over 30 pips. Ahead is data on US GDP for the […]

Stock Trkr
Analysis and trading tips for EUR/USD on May 25 (US session)

The test of 1.0731 coincided with the time when the MACD line was just starting to move down from zero, which, together with weak GDP data from Germany, led to a price decrease of around 17 pips. However, pressure immediately eased and the pair resumed trading around 1.0731 Volatility may spike after the release of […]

Stock Trkr
EUR/USD. May 25th. The question of the Fed rate hike is still open

On Thursday, the EUR/USD pair executed a new reversal in favor of the American currency and continued its downward movement toward the corrective level of 38.2% (1.0726). A rebound from this level could favor the European currency and lead to some growth towards the Fibonacci level of 50.0% (1.0785), but I do not anticipate a […]

Stock Trkr
GBP/USD. May 25th. The governor of the Bank of England expects inflation to decrease by half

On the hourly chart, the GBP/USD pair rebounded from the corrective level of 100.0% (1.2447) on Wednesday, favoring the US dollar and resuming its downward movement. This morning, it reached the level of 1.2342. The descending trend corridor has changed its slope angle and again characterizes traders’ sentiment as “bearish.” A rebound from the quotes […]

Stock Trkr
EUR/USD and GBP/USD: Technical analysis for May 25

EUR/USD Higher timeframes Bears have set new lows and continue to develop a downward movement. On their way, they face support from the weekly medium-term trend (1.0693). Overcoming this level will open up possibilities for further decline towards an important and wide zone where significant reference points have accumulated. A halt or a rebound from […]

Stock Trkr
EUR/USD and GBP/USD: Trading plan for beginners on May 25, 2023

Details of the economic calendar on May 24 The growth rate of consumer prices in the United Kingdom has slowed from 10.1% to 8.7%, slightly worse than the forecasted value of 8.5%. This temporary statistic supported the British currency as investors began considering a possible increase in the interest rate by the Bank of England. […]

Stock Trkr
Daily Market Comment – Gold and yen scorched by rising yields, Nvidia saves stocks

Dollar continues its grind higher, empowered by Fed bets and risk aversion Gold gets burned by rising yields, central bank divergence hits Japanese yen Stocks close lower, but Nvidia earnings turn markets around after-hours Dollar capitalizes on resurgent Fed bets  Market participants are becoming more confident the Fed might raise rates one final time this […]

Stock Trkr
BTC update for May 25,.2023 -Potential for the upside movement

Technical analysis: BTC/USD has been trading downside yesterday but I found potential fake breakout of the trading range due to lack for selling after the breakout. Due to the strong upside cycle on mid-long term and the potential for the fake breakout of the range, I see potential for the further rally. Upside objectivse are […]

Stock Trkr