David Song
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Euro Forecast: EUR/USD Defends Weekly Low Ahead of Euro Area GDP Report
EUR/USD may continue to coil above the 50-Day SMA (1.0890) as it defends the weekly low (1.1308).

AUD/USD V-Shape Recovery Stalls Ahead of December High
The V-shape recovery in AUD/USD seems to have stalled ahead of the December high (0.6515) as it struggles to retain the advance from the weekly low (0.6344).

GBP/USD Rebound Vulnerable to Weak UK Retail Sales Report
Data prints coming out of the UK may drag on the British Pound should the Retail Sales report reveal a slowing economy.

Gold Price Coils Above 50-Day SMA
The price of gold seems to be coiling above the 50-Day SMA ($3042) as it defends the weekly low ($3260).

Euro Forecast: EUR/USD Reverses Ahead of November 2021 High
EUR/USD reverses ahead of the November 2021 high (1.1617) to register a fresh weekly low (1.1308).

US Dollar Forecast: USD/CHF Rebound Pulls RSI Out of Oversold Zone
USD/CHF continues to recover from a fresh yearly low (0.8040) to pull the Relative Strength Index (RSI) out of oversold territory.

Canadian Dollar Forecast: USD/CAD Cracks November Low Ahead of Election
USD/CAD cracks the November low (1.3821) ahead of Canada’s federal election on April 28.

GBP/USD Falls Ahead of 2024 High to Threaten Ten-Day Rally
GBP/USD falls ahead of the 2024 high (1.3434) to threaten the ten-day rally.

AUD/USD Extends V-Shape Recovery to Push Above February High
AUD/USD pushes above the February high (0.6409) as it extends the V-shaped recovery from earlier this month.

USD/JPY Falls Toward 2024 Low to Push RSI into Oversold Zone
USD/JPY falls toward the 2024 low (139.58) as it slides to a fresh yearly low (140.47).

Gold Bullish Price Series Keeps RSI in Overbought Territory
The price of gold extends the series of higher highs and lows from earlier this week to register a fresh record high ($3358).