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#forexanalysis

GBP/USD AND EUR/GBP: RISK OF MORE DOWNSIDES

GBP/USD started a fresh decline below the 1.3020 and 1.2980 support levels. EUR/GBP is also declining and it is trading well below the 0.9120 resistance zone.

❗️Important Takeaways for GBP/USD and EUR/GBP❗️

πŸ“ŠThe British Pound started a fresh decline after it struggled to stay above 1.3050.
πŸ“ŠThere is a major bearish trend line forming with resistance near 1.2970 on the hourly chart of GBP/USD.
πŸ“ŠEUR/GBP is facing a significant resistance near the 0.9110 and 0.9120 levels.
πŸ“ŠThere is a key connecting bullish trend line forming with support near 0.9050 on the hourly chart.

#GBPUSD #EURGBP
#forexanalysis

EUR/USD AND EUR/JPY: EURO GAINING MOMENTUM

EUR/USD started a fresh increase above the 1.1800 and 1.1820 resistance levels. EUR/JPY is also showing positive signs and trading nicely above the 124.50 support zone.

❗️Important Takeaways for EUR/USD and EUR/JPY❗️

πŸ“ŠThe Euro started a strong upward move after it found support near 1.1685 and 1.1700.
πŸ“ŠThere was a break above a major bearish trend line with resistance near 1.1750 on the hourly chart of EUR/USD.
πŸ“ŠEUR/JPY also climbed higher nicely above the 124.00 and 124.50 resistance levels.
πŸ“ŠThere was a break above a crucial bearish trend line with resistance near 123.50 on the hourly chart.

#EURUSD #EURJPY
#forexanalysis

GOLD PRICE AND OIL PRICE APPROACHING NEXT KEY BREAK

Gold price started a fresh decline after it failed to clear the $1,930 resistance. Crude oil price is currently holding the $40.50 support and eyeing the next key break.

❗️Important Takeaways for Gold and Oil❗️

πŸ“ŠGold price extended its rise towards $1,930 before correcting lower against the US Dollar.
πŸ“ŠThere is a major bullish trend line forming with support near $1,900 on the hourly chart of gold.
πŸ“ŠCrude oil price formed a strong support near the $39.75 level before climbing higher.
πŸ“ŠThere is a key bearish trend line forming with resistance near $40.80 on the hourly chart of XTI/USD.

#XTIUSD #XAUUSD #gold
#forexanalysis

GBP/USD AND GBP/JPY: BRITISH POUND FACING KEY HURDLES

GBP/USD started a fresh decline after it failed to clear the 1.3175 resistance zone. GBP/JPY is also declining and it is showing bearish signs below the 137.00 level.

❗️Important Takeaways for GBP/USD and GBP/JPY❗️

πŸ“ŠThe British Pound faced a heavy resistance near 1.3175 and declined below 1.3100.
πŸ“ŠThere is a key bearish trend line forming with resistance near 1.3060 on the hourly chart of GBP/USD.
πŸ“ŠGBP/JPY is also showing bearish signs below the 137.00 and 137.20 resistance levels.
πŸ“ŠThere was a break below a major bullish trend line with support near 137.10 on the hourly chart.

#GBPUSD #GBPJPY
#forexanalysis

EUR/USD DECLINING WHILE USD/CHF COULD GAIN MOMENTUM

EUR/USD struggled to clear the 1.1880 resistance and decline below 1.1820. USD/CHF is showing positive signs and it could gain momentum above 0.9100.

❗️Important Takeaways for EUR/USD and USD/CHF❗️

πŸ“ŠThe Euro struggled to hold gains and declined below the 1.1820 support against the US Dollar.
πŸ“ŠThere was a break below a major contracting triangle with support near 1.1810 on the hourly chart of EUR/USD.
πŸ“ŠUSD/CHF started a fresh increase from the 0.9040 support zone and climbed above 0.9065.
πŸ“ŠThere is a key rising channel forming with support near 0.9075 on the hourly chart.

#USDCHF #EURUSD
#forexanalysis

AUD/USD AND NZD/USD FACING KEY HURDLES

AUD/USD started a decent recovery from the 0.7000 support, but it is facing hurdles. NZD/USD is also correcting higher, but it must clear 0.6650 for more gains.

❗️Important Takeaways for AUD/USD and NZD/USD❗️

πŸ“ŠThe Aussie Dollar traded as low as 0.7002 before starting an upside correction against the US Dollar.
πŸ“ŠThere was a break above a short-term bearish trend line with resistance near 0.7040 on the hourly chart of AUD/USD.
πŸ“ŠNZD/USD also started a decent recovery wave from the 0.6596 low.
πŸ“ŠThere is a key bearish trend line forming with resistance near 0.6645 on the hourly chart of NZD/USD.

#AUDUSD #NZDUSD
#forexanalysis

GBP/USD DIVING, WHILE USD/CAD IS GAINING BULLISH MOMENTUM

GBP/USD started a fresh decline from well above the 1.3150 pivot level and declined below 1.3000. USD/CAD is showing positive signs and likely to rally above 1.3350.

❗️Important Takeaways for GBP/USD and USD/CAD❗️

πŸ“ŠThe British Pound started a fresh decline below the 1.3050 and 1.3000 support levels.
πŸ“ŠThere is a major bearish trend line forming with resistance near 1.2985 on the hourly chart of GBP/USD.
πŸ“ŠUSD/CAD gained bullish momentum and climbed above the 1.3280 resistance.
πŸ“ŠThere was a break above a connecting bearish trend line with resistance near 1.3335 on the hourly chart.

#GBPUSD #USDCAD
#forexanalysis

US ELECTIONS 2020: EUR/USD DECLINE SHARPLY, USD/JPY IS SURGING

EUR/USD declined sharply after it was rejected near the 1.1770 zone. USD/JPY is gaining momentum and it is trading nicely above the 105.00 level.

❗️Important Takeaways for EUR/USD and USD/JPY❗️

πŸ“ŠThe Euro failed to hold gains above 1.1750 and declined sharply below 1.1700.
πŸ“ŠThere was a break below a key bullish trend line with support near 1.1700 on the hourly chart of EUR/USD.
πŸ“ŠUSD/JPY started a fresh increase after it cleared the 104.75 resistance zone.
πŸ“ŠThere was a break above a major contracting triangle with resistance near 104.72 on the hourly chart.

#USDJPY #EURUSD
#Forexanalysis

GOLD PRICE AND OIL PRICE COULD CORRECT RECENT GAINS

Gold price started a fresh increase and surged towards the $1,950 resistance. Crude oil price also gained pace and it is currently correcting lower from $39.50.

❗️Important Takeaways for Gold and Oil❗️

πŸ“ŠGold price rallied towards the $1,950 resistance and currently correcting gains against the US Dollar.
πŸ“ŠEarlier, there was a break above a major contracting triangle with resistance near $1,910 on the hourly chart of gold.
πŸ“ŠCrude oil price seems to be facing a strong resistance near $39.50 and $40.00.
πŸ“ŠThere was a break below a key bullish trend line with support near $39.00 on the hourly chart of XTI/USD.

#xauusd #Xtiusd #gold #oil
#forexanalysis

GBP/USD RISING STEADILY, EUR/GBP REMAINS AT RISK

GBP/USD started a fresh increase and it broke the 1.3150 resistance zone. EUR/GBP is struggling and it could decline sharply if it breaks the 0.9010 support zone.

❗️Important Takeaways for GBP/USD and EUR/GBP❗️

πŸ“ŠThe British Pound steady upward move above the 1.3100 and 1.3120 resistance levels.
πŸ“ŠThere is a key contracting triangle forming with support near 1.3145 on the hourly chart of GBP/USD.
πŸ“ŠEUR/GBP is struggling to gain momentum above the 0.9050 and 0.9070 levels.
πŸ“ŠThere is a major contracting triangle forming with resistance near 0.9045 on the hourly chart.

#EURGBP #GBPUSD
#forexanalysis

EUR/USD AND EUR/JPY: EURO APPROACHING NEXT KEY BREAK

EUR/USD struggled to clear the 1.1900 resistance and corrected lower. EUR/JPY is showing positive signs and it could rise again if it clears the 124.50 resistance.

❗️Important Takeaways for EUR/USD and EUR/JPY❗️

πŸ“ŠThe Euro struggled to stay above the 1.1900 resistance and corrected below 1.1880.
πŸ“ŠThere was a break below a key bullish trend line with support near 1.1865 on the hourly chart of EUR/USD.
πŸ“ŠEUR/JPY spiked above the 125.00 resistance level before corrected lower.
πŸ“ŠThere is a major contracting triangle forming with resistance near 124.45 on the hourly chart.

#EURUSD #EURJPY
#forexanalysis

AUD/USD AND NZD/USD CORRECTING GAINS

AUD/USD traded towards the 0.7340 zone before starting a downside correction. NZD/USD rallied significantly and it is currently correcting below 0.6880.

❗️Important Takeaways for AUD/USD and NZD/USD❗️

πŸ“ŠThe Aussie Dollar failed to stay above 0.7300 and started a downside correction against the US Dollar.
πŸ“ŠThere is a key declining channel forming with resistance near 0.7255 on the hourly chart of AUD/USD.
πŸ“ŠNZD/USD surged above 0.6850 and 0.6900 before starting a downside correction.
πŸ“ŠThere was a break below a major bullish trend line with support near 0.6860 on the hourly chart of NZD/USD.

#AUDUSD #NZDUSD
#forexanalysis

GBP/USD AND GBP/JPY: BRITISH POUND EYEING FURTHER UPSIDES

GBP/USD started a fresh increase above the 1.3150 resistance zone. GBP/JPY is also showing positive signs and it could rise sharply if there is a clear break above 138.50.

❗️Important Takeaways for GBP/USD and GBP/JPY❗️

πŸ“ŠThe British Pound remained well bid above the 1.3100 support zone.
πŸ“ŠThere is a major bullish trend line forming with support near 1.3150 on the hourly chart of GBP/USD.
πŸ“ŠGBP/JPY is also showing positive signs above the 137.50 and 137.40 support levels.
πŸ“ŠThere is a key bullish trend line forming with support near 138.00 on the hourly chart.

#GBPUSD #GBPJPY
#forexanalysis

EUR/USD IS GAINING PACE, USD/JPY COULD EXTEND LOSSES

EUR/USD started a fresh increase above the 1.1800 resistance zone. USD/JPY is currently declining and it is likely to continue lower towards 103.75 or 103.20.

❗️Important Takeaways for EUR/USD and USD/JPY❗️

πŸ“ŠThe Euro started a strong upward move above the 1.1800 and 1.1820 levels.
πŸ“ŠThere is a key bullish trend line forming with support near 1.1855 on the hourly chart of EUR/USD.
πŸ“ŠUSD/JPY started a major decrease from well above the 105.00 support level.
πŸ“ŠThere is a short-term contracting triangle forming with resistance near 104.15 on the hourly chart.

#EURUSD #USDJPY
#ForexAnalysis

GOLD PRICE AT RISK WHILE OIL PRICE COULD RISE FURTHER

Gold price failed to clear the $1,900 resistance and declined towards $1,855. Conversely, crude oil price is rising and it is showing positive signs above $41.50.

❗️Important Takeaways for Gold and Oil❗️

πŸ“ŠGold price declined below the $1,880 and $1,865 support levels against the US Dollar.
πŸ“ŠThere is a major bearish trend line forming with resistance near $1,878 on the hourly chart of gold.
πŸ“ŠCrude oil price is currently consolidating gains above the $41.00 and $41.50 support levels.
πŸ“ŠThere is a key bullish trend line forming with support near $41.60 on the hourly chart of XTI/USD.

#XTIUSD #XAUUSD
#forexanalysis

GBP/USD AND USD/CAD EYEING KEY UPSIDE BREAK

GBP/USD started a fresh increase and it broke the 1.3250 resistance. USD/CAD is recovering and it is eyeing an upside break above 1.3100.

❗️Important Takeaways for GBP/USD and USD/CAD❗️

πŸ“ŠThe British Pound climbed higher above the 1.3200 and1.3250 resistance levels.
πŸ“ŠThere is a major bullish trend line forming with support near 1.3255 on the hourly chart of GBP/USD.
πŸ“ŠUSD/CAD is trading nicely above the 1.3040 support and it is currently recovering.
πŸ“ŠThere is a key bearish trend line forming with resistance near 1.3100 on the hourly chart.

#GBPUSD #USDCAD
#forexanalysis

EUR/USD APPROACHING BULLISH BREAKOUT, USD/CHF COULD DIVE

EUR/USD is rising and it is likely to accelerate higher above 1.1910. USD/CHF is struggling to recover and it could dive below the 0.9100 support zone.

❗️Important Takeaways for EUR/USD and USD/CHF❗️

πŸ“ŠThe Euro started a fresh increase above the 1.1850 and 1.1880 resistance levels against the US Dollar.
πŸ“ŠThere was a break above a key bearish trend line with resistance near 1.1888 on the hourly chart of EUR/USD.
πŸ“ŠUSD/CHF failed to climb above 0.9150 and started a fresh decline.
πŸ“ŠThere is a major bearish trend line forming with resistance near 0.9120 on the hourly chart.

#EURUSD #USDCHF
#ForexAnalysis

GOLD PRICE CONSOLIDATES LOSSES WHILE OIL PRICE GAINS TRACTION

Gold price declined heavily below $1,850 and tested the $1,800 support zone. Conversely, crude oil price gained bullish momentum above $42.00 and it even traded to a new multi-month high.

❗️Important Takeaways for Gold and Oil❗️

πŸ“ŠGold price declined below the $1,850 and $1,835 support levels against the US Dollar.
πŸ“ŠThere is a key contracting triangle forming with resistance near $1,812 on the hourly chart of gold.
πŸ“ŠCrude oil price is currently correcting gains after trading close to the $46.50 level.
πŸ“ŠThere is a major contracting triangle forming with resistance near $45.35 on the hourly chart of XTI/USD.

#XTIUSD #XAUUSD
#forexanalysis

GBP/USD IS FACING TOUGH CHALLENGE, EUR/GBP SIGNALING MORE GAINS

GBP/USD failed on more than one occasion near 1.3400 and declined below 1.3350. EUR/GBP gained bullish momentum towards 0.9000 and settled nicely above 0.8950.

❗️Important Takeaways for GBP/USD and EUR/GBP❗️

πŸ“ŠThe British Pound is facing a strong resistance near the 1.3400 zone.
πŸ“ŠThere was a break below a key bullish trend line with support near 1.3345 on the hourly chart of GBP/USD.
πŸ“ŠEUR/GBP started a steady rise above the 0.8900 and 0.8950 resistance levels.
πŸ“ŠThere was a break above a major contracting triangle with resistance near 0.0.8925 on the hourly chart.

#GBPUSD #EURGBP
#ForexAnalysis #OilPrices #GlobalMarkets #XBRUSD #GBPCAD #StockMarket

Weekly Market Wrap With Gary Thomson: Brent Crude Oil, GBP/CAD, US Dollar, Lockheed Martin (LMT) Stock

Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.

πŸ”Έ XBR/USD Analysis: Brent Oil Price Soars After Attack on Israel
πŸ”Έ Analysis of GBP/CAD: Price Falls Below 1.800 Level
πŸ”Έ Dollar Strengthens Ahead of Employment Data Release
πŸ”Έ Lockheed Martin (LMT) Stock Price Surpasses $600 for the First Time

Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

https://cutt.ly/keOKvT0o

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This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
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