Decrease in overall market risk has continued sideways price action for gold, closing close to 3360.20. Economic Calendar Analysis Continiuing previous weeks trend, lower levels of volatility should be considered the primary scenario for gold, however bond market volatility may create overall market volatility that would spill into precious metals. XAU/USD short-term forecast Gold shows a new short-term uptrend that is currently undergoing
FX pair continued to fall lower, closing below 1.32800. Economic Calendar Volatility may occur during the rest of the week, and the Fed's interest rate decision will be crucial for the entire market. GBP/USD hourly chart analysis A dominant bearish trend contained within a descending channel. After a sharp drop to a new low near 1.3150, the pair has executed a swift recovery.
Although the FX pair experienced elevated volatility, it ultimately posted a slight decrease compared to the previous week, closing below 147.500. Economic Calendar No significant fundamental news is expected this trading week. USD/JPY hourly chart analysis USD/JPY hourly chart displays a major trend reversal, where a sharp sell-off from the 150.800 peak has established a new bearish environment. Following this drop, the price
FX pair saw move to the downside, closing below 1.16000. price zone. Economic Calendar Analysis No major fundamental news should create significant impact to volatility levels. EUR/USD hourly chart analysis A recent bullish recovery is confronting a major resistance zone after a significant prior downtrend. The price has reversed strongly from its lows around 1.1400, successfully climbing above its 50 and 100-period moving averages, which
FX pair saw slight movement over the previous week, closing above 1.34300. Economic Calendar Volatility may occur during the rest of the week, and the Fed's interest rate decision will be crucial for the entire market. GBP/USD hourly chart analysis Currency pair is trading within a descending channel, which points to a bearish trend. The price recently bounced up from the channel's lower
USD/JPY saw increased volatility past week before stabilizing and closing above 147.600. Economic Calendar Elevated levels of volatility may be anticipated, if fundamental data presented from both Japan and United States would bring higher level of significance than previously expected. USD/JPY hourly chart analysis USD/JPY pair is in a clear short-term downtrend. The price has recently broken below a key long-term average around
Gold has continued it sideways trading during the previous trading week, closing at 3360.00. Economic Calendar Analysis In the absence of significant geopolitical developments, lower levels of volatility should be considered the primary scenario for gold. The likelihood of increased volatility remains low under current conditions. XAU/USD short-term forecast Gold is in a clear short-term downtrend on the hourly chart, trading below
FX pair has reached major resistance level, close to 1.18000 price zone. Economic Calendar Analysis Elevated levels of volatility may persist throughout current week. EUR/USD hourly chart analysis The EUR/USD pair is currently dominated by sellers following a significant technical breakdown on the hourly chart. This wasn't a gradual decline but a sharp, high-momentum move that broke through several layers of support, indicating a strong
Gold has seen moderate levels of volatility in the near term reaching 3430.00 resistance. Economic Calendar Analysis Continuing previous weeks trend, in the absence of significant geopolitical developments, lower levels of volatility should be considered the primary scenario for gold. The likelihood of increased volatility remains low under current conditions. XAU/USD short-term forecast After a recent strong upward trend, the price failed to
The FX pair continued to decline, closing below the 1.34100 price level. Economic Calendar In the short term, a bullish reversal could take shape if the price successfully breaks above the key resistance level at 1.34850. This breakout would indicate strengthening buyer momentum and could trigger further upward movement. Sustained trading above 1.34850 would likely confirm the reversal and increase the likelihood
USD/JPY increased last week despite a generally weaker dollar, closing above 147.300. Economic Calendar Thursday may bring higher levels of volatility, considering both United States and Japan will present fundamental data that would impact FX pricing. USD/JPY hourly chart analysis In the short term, 148.000 support level is to be tested multiple times. If no level of breach occurs, continuation towards 150.000
EUR/USD saw extended level of volatility, reaching 1.15550 levels before closing above 1.16250. Economic Calendar Analysis The most important day this week will be Thursday, July 24th. The European Central Bank (ECB) is scheduled to announce its interest rate decision and hold a press conference. EUR/USD hourly chart analysis The Euro is expected to struggle against the US Dollar this week, with the chart
FX pair continued to decline closing 1.39000. Economic Calendar Weaker dollar may provide higher volatility levels in the near term. GBP/USD hourly chart analysis The current short-term environment may imply further bearishness if the 1.33600 support level is broken. Rejection of this support level could create directional significance in the short term, potentially testing the 1.3600 resistance level. Hourly Chart GBP/USD daily candle
Sideways trading in gold has been occurring in the recent past. Economic Calendar Analysis In the absence of significant geopolitical developments, lower levels of volatility should be considered the primary scenario for gold. The likelihood of increased volatility remains low under current conditions. XAU/USD short-term forecast In the shorter time frame resistance levels 3372.600 and 3359.2500 are crucial for further upside, if
USD/JPY increased last week despite a generally weaker dollar, closing above 147.300. Economic Calendar Overall, high volatility levels should be anticipated, however any significant deviation from the relevant forecasted data, may change market sentiment. USD/JPY hourly chart analysis In the short term, if bullishness continues, the bullish trade channel pattern may also persist and push the price toward the 150.000 resistance level. Further price
FX pair has slight decrease during previous week, closing below 1.17000. Economic Calendar Analysis Volatility may arise, considering fundamental data releases this week. EUR/USD hourly chart analysis The price is showing a slow and steady decline, potentially continuing towards the 1.16300 level, with further downside risk extending to 1.15750 in the short term. This bearish momentum is supported by the fact that the price
Although GBP/USD experienced slightly increased volatility, it closed just below 1.36500. Economic Calendar Higher levels of volatility may occur due to the GDP data release on the last day of the trading week. GBP/USD hourly chart analysis On the shorter time frames, the key resistance level at 1.36500 has been tested several times, with price action repeatedly failing to sustain a break
Gold saw a saw slight move to the upside, closing above 3329.00. Economic Calendar Analysis Volatility may arrive in gold market if there are any changes in the whole market risk tolerance. XAU/USD short-term forecast In shorter time frames, gold appears to be forming a trading zone between 3280 and 3360. This suggests the market is consolidating within this range before making
USD/JPY saw little to no change in the price of the FX rate. Closing below 144.500. Economic Calendar High levels of volatility shouldn't be expected in the near term. USD/JPY hourly chart analysis In the short term, bullish momentum from the 142.7300 support level is gaining strength. This momentum could push the FX pair price toward 148.000 if the resistance at 146.000 is
FX pair saw slight increase , closing 1.17500. Economic Calendar Analysis Lower levels of volatility may ber anticipated in the following due to low economic data release activity. EUR/USD hourly chart analysis Continuing recent trend EUR/USD continues to trade with a bullish bias, recently testing the key resistance level at 1.16300. This level is not only psychologically important but also marks the upper boundary
FX pair saw significant upside in price action, moving towards 1.38000. Economic Calendar Volatility should be anticipated considering fundamental news from UK and U.S should bring directional base for the FX pair. GBP/USD hourly chart analysis In the shorter time frame, the price appears bullish and could reach the resistance level at 1.38500, supported by trading above the simple moving averages. This suggests
Continuation of uptrend in the FX pair pushed it above 1.1700 in the previous trading week. Economic Calendar Analysis High levels of volatility may be expected considering multiple economic data releases from United States. EUR/USD hourly chart analysis Continuing recent trend EUR/USD continues to trade with a bullish bias, recently testing the key resistance level at 1.16300. This level is not only psychologically
Previous week of continued dollar weakness pushed the FX rate towards 144.620. Economic Calendar Continuation of elevated volatility in the FX pair may persist in the short term. USD/JPY hourly chart analysis A move back toward the 148.00 resistance level could happen soon if the U.S. dollar strengthens again. This might be supported by positive U.S. economic news or expectations of higher interest
Gold continued a trend of lower pricing for the second week, closing closer to 3272.00. Economic Calendar Analysis Volatility may arrive in gold market if there are any significant deviations from expected fundamental news releases. XAU/USD short-term forecast On the shorter time frame, gold has shown renewed bearish momentum, pushing prices down to test the support level at 3280.00. This move highlights increased