Cotton has recovered from the previous support level of 62.500, rising above 66.000. If the bullish trend in the commodity continues, the price could rise toward the resistance level of 69.000. A retracement to 65.000 may be plausible before the bullish move. However, if the bullishness is not confirmed, the support level of 62.500 could potentially be tested again.
USD/JPY has declined towards the 146.500 support level while forming a descending channel pattern. A bullish reversal could potentially break the descending channel, pushing the price towards 150.900. If no bullish momentum occurs, the support level of 146.500 may be tested again.
Bullish momentum has pushed natural gas closer to the 4.87600 price level. A rejection of this level could potentially bring the price back to lower levels, around 3.51400. If the third rejection of the 4.87600 price level occurs, it may signal bearishness for the short term. Aggressive U.S. policies regarding energy resources may play a significant role in both bullish and
Copper prices have seen a significant rise in price considering that president Donald Trump has initiated an investigation into potential tariffs on copper imports, aiming to revitalize U.S. copper production. Further bullish momentum may bring price towards 4.87600 resistance level. Any significant news from the White house could be considered as a bullish catalyst, for further price discovery to the upside.
USD/CHF trading pair has been slight bullishness moving towards resistance level of 0.90040 . Breakout from descending channel should be confirmed, which could implicate move towards 0.90550 level. Unsuccessful breakout of the descending channel could bring FX pair back to price level of 0.89550.
The USD/JPY pair has been trading around the 151.900 price level, with the potential for a move higher towards 152.900. If bullish momentum continues, the price could reach the next resistance level at 155.00. However, if bearish momentum takes over, the pair could move lower towards the 150.00 support level. A stronger dollar could have a significant impact on the
Natural gas prices have experienced significant volatility in recent weeks, creating opportunities. Since the beginning of February, prices have steadily increased. Donald Trump has commented on higher gas imports from the EU, and this season's winter weather has amplified price movements in the commodity. The Fibonacci 61.80% retracement level may act as a key support level that could be tested
The USD/JPY currency pair is currently trading above the 152.000 price level, indicating a potential shift in market sentiment. If the pair experiences further downside momentum, it could approach the 151.100 level, which may indicate a continuation of a bearish trend. On the other hand, if a bullish reversal occurs, the pair could target the 153.800 price level, suggesting a
The FX pair is currently trading within a price range of 1.23680 to 1.24500. The 50-period, 100-period, and 200-period Simple Moving Averages are within this range, which could indicate that a directional impulse may occur in the shorter time frame. A bullish impulse could potentially push the price towards the 1.24500 resistance level, while a bearish impulse could move the
Gold has recently reached an all-time high resistance level of 2790.00, marking a significant milestone in its price movement. However, the lower-than-expected U.S. GDP numbers for Q4 2024 could have a considerable effect on the continuation of its bullish momentum. Economic data often plays a key role in shaping market sentiment, and disappointing GDP growth could raise concerns about the
EUR/USD is trading at the 1.4210 level after rejecting the support at 1.04545 and resistance at 1.05260. Short-term consolidation at the 1.04210 level may occur. If bullish momentum continues, the resistance at 1.05260 may be tested again. If weakness persists, 1.03600 could become a potential support level.
USD/JPY has recently tested the 155.000 price level, marking a significant point of interest in the short term. Given the current market conditions, there is potential for a bullish reversal as the pair may find support around this level. Posssible reversal towards 0% retracement level of 158.500 may be anticipated. If no bullish momentum materializes, it's plausible that USD/JPY could
EUR/USD has seen a recovery towards levels of 1.0400 while breaching price levels 1.03560 and creating a support level. in that zone Further momentum to the upside could bring the FX currency pair closer to 1.04210. The FX pair is trading above the simple moving averages, which could indicate a shift in momentum from bearishness to bullishness in the
EUR/USD has seen a recovery towards levels of 1.03500 while breaching price levels of 1.02730 and 1.02370. Further momentum to the upside could bring the FX currency pair closer to 1.04000. The FX pair is trading above the simple moving averages, which could indicate a shift in momentum from bearishness to bullishness in the near term.
The continued strength of the USD has brought GBP/USD closer to the 1.23000 level. Simple moving averages suggest that a short-term recovery may occur. A bullish reversal towards 1.24500 could serve as a strong resistance level. If no significant bullish movement occurs, a move towards 1.2200 could be imminent.
EUR/USD currency pair is trading above 1.0310, while having some downside pressure at current price levels. If downward pressure continues, continuation towards 1.0249 support. If support is broken move to the 1.0010 might be possible. A bullish reversal towards 1.0473 which is 61.80% Fibonacci resistance could occur if momentum changes, further resistance of 1.06100 should be considered as a
GBP/USD currency pair has dropped to its lowest in over eight months, below 1.2500 against the US Dollar, as the USD gained strength due to expectations of growth from President-elect Trump's policies. These policies are expected to slow Federal Reserve rate cuts, supporting the USD. The Fed also predicts fewer rate cuts this year, with Federal Fund rates possibly reaching
The price level of 158.000 for USD/JPY has been reached and will be tested. If a successful breakout occurs, the upside momentum could possibly push the currency rate higher towards 160.000. However, if the price level of 158.000 is rejected in the near term, a move to the downside towards the price range of 156.800-156.055 is likely. If no
The holiday trading week allows global trader sentiment to determine the trading bias of a currency pair. GBP/USD is currently testing the 1.25000 price level. The price level of 1.26055 should be tested if the forward momentum in the price action suggests that a move to the upside is possible. In that case, the further price level of 1.27000 could
The Federal Reserve's decision on December 18th has had a significant impact on the GBP/USD currency pair. The substantial increase in USD strength has brought the GBP/USD pair towards the 1.26000 price level. If the price momentum to the downside continues, the 1.24800 support level could be tested. The December 20th data release for month-on-month retail sales in the UK
The ZAR/JPY currency pair reached resistance at the 8.6360 level, and the breakout was denied, increasing the probability of further price discovery towards the 8.4900 level. If support at the 8.35 level is broken, momentum could increase the likelihood of further selling pressure. The 10-hour RSI suggests the currency pair has been overbought.
The EUR/USD trading pair is currently above the 1.04500 price level and within a possible descending channel. The currency pair has experienced a gradual decline from the 1.06300 level to 1.04900 in the short term. The 24-hour RSI indicator suggests that the currency pair is currently oversold. The 1.05350 price level is the next resistance to consider. While the
USD/JPY currently is trading above 150.000 above, testing 152.1800 resistance level, if breakout follows, next price level resistances are 153.5500, 154.7550. If USD/JPY successfully breaks above 152.1800, the bullish momentum could drive the price towards 153.5500 and 154.7550. Traders will be watching closely for confirmation of a breakout or any signs of reversal at these key resistance levels. In
Currently, GBP/USD is trading around the 1.25000 price level. The currency pair has been trading within a descending channel since October. If a breakout of the descending channel occurs, the inflection point could be considered for the currency pair, possibly testing the 1.28800 price level. Rejection of the 1.27000 price level would continue the downtrend within the descending channel