Aleksin_Aleksandar

Aleksin_Aleksandar

In addition to the good news for the dollar index on Friday, EURUSD has room to climb to 1.06500 and threaten the trend line. On the lower side, we see a crooked reverse H&S pattern, a break above the neckline. As long as we are above this line, we can hope for further recovery of the euro. A break above the trend line raises the EURUSD to 1.07000 and increases...

Aleksin_Aleksandar Updated 

Potential new support for Ethereum at $3500. In that zone, we will test the EMA 200 moving average, which was sufficient support for us on previous occasions to continue on the bullish side.

Aleksin_Aleksandar

EURUSD is struggling on Wednesday to hold above the 1.05000 level, and so far, it has had a lot of success in doing so. To continue on the bullish side, we need a break above 1.06000 and the formation of a higher high compared to the previous one. After that, the target is 1.07000. The inability of the euro to make such a move could push it below 1.03000.

Aleksin_Aleksandar

The dollar index remains under pressure below 107.00. The 106.00 level supports the index, and we need a break below to continue on the bearish side. 105.00 level is the next target.

Aleksin_Aleksandar Updated 

The price of gold has a chance to return above the $2600 level this week. During this morning's Asian session, gold managed to break through the previous movement zone and form a new higher high. We are currently testing the EMA 50 and hoping for a continuation to the EMA 200 in the $2620 zone.

Aleksin_Aleksandar Updated 

The dollar index loses bullish momentum after rising to the 107.00 level. We have already dipped below 106.50 and expect a further decline to 106.00. If the bearish momentum continues, the index could return below 105.00.

Aleksin_Aleksandar Updated 

EURCAD has a chance to continue its recovery this week. Now, we need momentum and a bounce above Friday's high, as well as the EMA 200 moving average. After that, the pair should return above 1.49000 and try to continue towards 1.50000.

Aleksin_Aleksandar Updated 

The World Currency Unit (WCU) is an indexed unit of account that stands for a unit of real global purchasing power. Since each unit by design represents a stable unit of purchasing power, the stipulated interest rate on WCU-denominated bonds represents a real interest rate. WCUUSD is another way to track the strength of the dollar index. With the setting of...

Aleksin_Aleksandar Updated 

Looking at the Fibonacci setup, EURUSD could soon get new support in the zone 50.0%-61.8% (1.04500-1.05000). There, we will test the next low from October 2023. Today, we have important news for the euro, namely the Eurozone GDP. Forecasts show that GDP growth is expected from 0.60% to 0.90% at the annual level. This could be the trigger for a return to the bullish side.

Aleksin_Aleksandar Updated 

EURCAD potential short-term recovery to 1.49000 level. We see a slight breakout of the downtrend and transition into a sideways trend. Now, we need a stronger bullish momentum for our bullish scenario. We will go to a new November low if that does not happen.

Aleksin_Aleksandar Updated 

Today, we see a positive price movement compared to yesterday when a new low was formed at $2589. The US session could bring new momentum and push the price above $2620. Gold has a chance to recover to the $2635 level. With that step, we return above the 38.2% Fibonacci level. If the bullish momentum continues, the next target is $2650 and the 0.50% Fibonacci level.

Aleksin_Aleksandar Updated 

It is very certain that if the current trend continues, EURUSD could revisit the 1.05000 support zone. In 2023, we managed to hold on to that level twice and return to the bullish side. This year, the pair has strong resistance in the 1.12000 zone, and that level is a big obstacle for us, and the additional flow is the formation of a lower high and bearish...

Aleksin_Aleksandar Updated 

In the coming week, we can hope that the price of gold will continue to retreat, and the target is the $2600 zone. Trump's victory shifts money into digital assets, which could cause the price of gold to continue to sink.

Aleksin_Aleksandar

There is an increasing chance that we will see GBPUSD around the 1.26000 level. The target is to test the lower trend line, where we expect new, more concrete support.

Aleksin_Aleksandar

The dollar index continues its struggle in the 105.00 zone. On the upside, we have a resistance line and expect to hold below. New President Trump needs a weaker dollar index to boost exports. We will see new data on US inflation on Wednesday. Forecasts are that inflation could remain at the same level as last month. If this happens or the data is weaker than the...

Aleksin_Aleksandar Updated 

Bitcoin could go into some sideways consolidation before returning to the $73000 level. There, we would retest the zone of the previous break. For further, we will see. The bullish trend is still strong, and this is just an option to find a new support level from which we could initiate a new bullish consolidation.

Aleksin_Aleksandar Updated 

USDCAD is in a good position to begin a deeper pullback. Tonight's interest rate cut by the FED could further strengthen the bearish momentum. The main target is the 1.36500 level on the EMA 200 moving average.

Aleksin_Aleksandar Updated 

EURAUD has an opportunity to initiate a bullish recovery in the coming days. A return above 1.63500 would be a great move and confirmation of our scenario.