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EUR/USD Forecast Shows Bulls Struggling Near the 23.6% Fibonacci Retracement Resistance
The EUR/USD pair extends its recovery for a second consecutive session, trading with a mild bullish bias as the US Dollar weakens across the broader market. The pair is currently hovering around the 1.1435–1.1440 zone during the Asian session, recovering after the previous rejection from the 1.1460–1.1470 resistance area. Throughout the article below, the specialists...
XAG/USD Fails to Break Above $59.00 Even as the US Dollar Weakens
Silver (XAG/USD) continues to trade with a cautious bearish bias on Wednesday, declining toward the $58.50 area after failing to establish acceptance above the critical $59.00 resistance zone. The rejection from Tuesday’s high suggests that short-term sellers remain active, although the broader technical structure indicates that downside momentum is weakening. The professionals at Drexeldev break...
US Dollar Index Price Struggles Below 101.00 While Holding Above Channel Support
The US Dollar Index (DXY) is extending its decline for the second consecutive trading session, currently trading near 100.80 during the early European session on Wednesday. The index remains positioned close to the lower boundary of the ascending channel, keeping the broader technical structure mildly bullish despite recent downside pressure. In the article below, Drexeldev...
Australian Dollar Advances Toward 0.7000 as Cooling US CPI Dents Fed Tightening Expectations
The Australian Dollar (AUD) continued its recovery against the US Dollar (USD) on Wednesday, with the AUD/USD pair trading near 0.6990 during the early European session. The pair’s upward momentum has been driven primarily by broad-based USD weakness after the latest US inflation data showed a faster-than-expected moderation in price pressures. The analysts at Drexeldev...
USD/JPY Price Sees Volatility Decline as Price Forms a Triangle Pattern
The USD/JPY pair remains under mild selling pressure, trading near 162.20 during the European session on Wednesday, as the US Dollar (USD) loses momentum following a decline in expectations for additional Federal Reserve (Fed) interest rate hikes. The pair’s movement reflects a market environment dominated by inflation trends, central bank policy expectations, and a narrowing...
USD/CHF Price Remains Bearish as US Dollar Struggles Below 0.8100
The USD/CHF pair remains under renewed selling pressure after failing to break above the 0.8100 resistance zone, reinforcing the pair’s short-term bearish structure. During Friday’s European session, the US Dollar declined against the Swiss Franc, with prices retreating toward the 0.8075 area after buyers failed to establish a sustained move above the key technical barrier....
WTI Price Sees Bullish Continuation After Consolidation Around $79.00
West Texas Intermediate (WTI), the benchmark US crude oil price, remains locked in a four-session consolidation phase, trading around the $79.00 area during Friday’s European session. The recent lack of directional momentum reflects a market waiting for fresh catalysts, particularly developments surrounding geopolitical tensions and potential changes to the global oil supply outlook. The experts...
Indian Rupee Recovers Briefly as Rising Oil Prices Cap Further Gains
The Indian Rupee (INR) showed a modest recovery against the US Dollar (USD) ahead of the weekend, with the USD/INR exchange rate declining toward 96.30 after trading under heavy pressure throughout the week. The rebound followed reported intervention by the Reserve Bank of India (RBI), which has been actively managing excessive volatility in the currency...
Australian Dollar Rallies as Weak US Data Signals Dollar Vulnerability
The Australian Dollar (AUD) recovered against the US Dollar (USD) on Friday, with the AUD/USD pair rebounding toward the 0.6980 area after an early session decline. Read on as the specialists at South Quantum Group break down this topic in the article below. The recovery was driven by broad-based US Dollar weakness following a mixed...