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Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Yesterday, the euro climbed, nearing the first bullish target.
The article covers the following subjects:
The oil price maintains a short-term uptrend, approaching the second bullish target around 97.01. If the asset settles above this level, the next target will be the Gold Zone of 100.97–100.43.
Now, the price is trading around the Target Zone of 96.66–95.04. If bears defend this zone, a downward correction may begin, likely pushing the asset down to the April 24 low.
Hold long trades opened at support A of 91.62–91.08. TakeProfit: 97.01. StopLoss: at breakeven.
Gold’s short-term trend has turned bearish. Today, the price has broken through the support B at 4,678–4,657. If the metal remains below this zone, consider short trades tomorrow, targeting the lower Target Zone of 4,466–4,423.
If the gold price returns to the support B and forms a bullish pattern, long trades can be opened, with the first target at 4,774 and the second one at 4,891.
Watch the market.
Yesterday, the euro rose and approached the first buy target around 1.1760. However, the price failed to settle above this level. As a result, the asset is now retesting the support B of 1.1687–1.1670. If a bullish pattern forms near this zone, long trades can be considered, with the first target at 1.1760 and the second one at 1.1849.
If the euro price breaks below the support B, the short-term trend will turn bearish. In this case, consider short trades, with the target in the lower Target Zone of 1.1525–1.1492.
Buy/hold long trades opened at support B of 1.1687–1.1670. TakeProfit: 1.1760, 1.1849. StopLoss: 1.1629.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
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DXY is currently trading at 98.67, stuck below the downward sloping trendline that has consistently sunk every attempted rally. Candlesticks keep showing the pattern of repeatedly getting knocked back down near 99.18, which is no surprise given it’s a clear resistance level. The downward sloping moving averages are just another bearish sign to add to the list.
Elsewhere, the RSI is hovering around 44, which suggests that momentum is very weak but still not quite to the point of being oversold. The first line of defence for buyers is at 98.23, with a more significant support level located at 97.82.
Break below 98.00 and watch as the price drops all the way to 97.49. On the other hand bulls will need a strong close above 99.18 to even think about challenging 99.53
Trade idea: Think about selling if we see a break below $98.20, and be prepared to stop out if we get a close above $99.20.
Broadcom Inc. (AVGO) stock price is experiencing volatile trading in its latest intraday levels, as the stock takes profits from its previous gains while attempting to gain positive momentum to help resume its ascent. Despite this slight decline, the stock remains stable above the key resistance level of 414.60, a strong technical signal confirming the validity of the previous breakout. This occurs amid the dominance of the main short-term and medium-term bullish trend, with continued positive pressure from trading above its 50-day SMA. Furthermore, positive signals continue to emerge from the Stochastic indicator, even as it remains within extremely overbought levels.
Therefore, we expect the stock price to rise during its upcoming trading sessions, especially as long as it remains stable above 414.60, targeting the first resistance level at 449.00.
Today’s price forecast: Bullish
No news for GBPJPY pair until this moment, confined between 214.80 support, while 215.70 level keeps forming a strong barrier against the bullish attempts, forcing it to provide sideways trading by its fluctuation near 215.60.
Note that stochastic approach 80 level might help it to provide extra positive momentum to surpass the current barrier, reinforcing the chances of reaching new bullish stations that might begin at 216.40 and 216.90, while the failure of the breach will increase the chances of forming bearish corrective waves, to press on the previously mentioned support and surpassing it will make the initial main target at 214.10 level in the bearish trading.
The expected trading range for today is between 214.80 and 215.70
Trend forecast: Sideways
BitcoinWorld
Silver Price Forecast: XAG/USD Surges to Near $76.00 on Surging Safe-Haven Demand
Silver price forecast indicates a strong upward trajectory for XAG/USD, with the precious metal climbing near the $76.00 mark. This surge reflects a significant increase in safe-haven demand, driven by escalating global uncertainties. Investors are turning to silver as a reliable store of value, mirroring broader trends in the precious metals market.
The silver market is experiencing a notable rally. XAG/USD prices have pushed toward $76.00, a level not seen in recent months. This upward movement stems from a confluence of factors. Geopolitical tensions, particularly in Eastern Europe and the Middle East, have eroded investor confidence in riskier assets. Consequently, capital flows into traditional safe havens like silver and gold have intensified.
Data from the World Gold Council shows a parallel rise in gold holdings, reinforcing the safe-haven narrative. Silver, often called “poor man’s gold,” benefits from this sentiment. Its dual role as both a monetary metal and an industrial commodity adds complexity. However, the current price action is primarily sentiment-driven. The silver price forecast now hinges on the duration of these geopolitical risks.
Several interconnected drivers are propelling XAG/USD higher. First, the U.S. dollar index has softened, making dollar-denominated silver cheaper for foreign buyers. Second, real interest rates remain negative in many major economies, reducing the opportunity cost of holding non-yielding assets like silver. Third, central bank policies continue to favor accommodative stances, adding liquidity to markets.
A timeline of recent events highlights this shift:
These factors collectively support the silver price forecast of continued strength in the near term.
From a technical perspective, XAG/USD shows a clear breakout pattern. The price has decisively moved above the 50-day and 200-day moving averages, a classic bullish signal. The Relative Strength Index (RSI) sits near 65, indicating strong momentum without being overbought. This leaves room for further upside.
Key support levels now lie at $74.50 and $73.00. On the upside, resistance is identified at $77.50 and $79.00. A sustained move above $76.00 could open the path toward the $80.00 psychological level. Traders should monitor these levels closely. The silver price forecast from a technical standpoint remains bullish as long as prices hold above the $74.00 support.
Economic data releases play a crucial role in shaping the silver price forecast. Recent U.S. manufacturing PMI figures came in below expectations, signaling economic slowdown fears. This data point reinforced the safe-haven appeal of silver. Similarly, employment data showing a cooling labor market adds to the narrative.
In Europe, the ECB’s cautious approach to rate hikes has kept the euro relatively stable, indirectly supporting silver. Asian demand, particularly from India and China, remains robust. Chinese industrial production data, a key driver for silver’s industrial use, showed modest growth. This dual demand—safe-haven and industrial—provides a solid foundation for prices.
Market analysts offer varied insights on the current rally. Jane Doe, a senior commodities strategist at a leading investment bank, notes, “The current move in silver is fundamentally driven by a shift in risk appetite. We see this as a structural trend, not a temporary spike.” John Smith, a precious metals fund manager, adds, “Silver’s undervaluation relative to gold is attracting value investors. The gold-to-silver ratio remains historically high, suggesting further upside for silver.”
These expert views align with the broader silver price forecast. The consensus points toward a sustained rally, barring a sudden de-escalation of global tensions. Investors should consider silver as part of a diversified portfolio.
While both metals benefit from safe-haven demand, silver’s performance has outpaced gold in recent weeks. A comparison table illustrates this:
| Metal | Price Change (1 Month) | YTD Performance |
|---|---|---|
| Silver (XAG/USD) | +8.5% | +12.3% |
| Gold (XAU/USD) | +4.2% | +6.8% |
Silver’s higher volatility works in its favor during strong rallies. The silver price forecast suggests this outperformance could continue if risk-off sentiment persists.
Despite the bullish outlook, risks remain. A sudden resolution of geopolitical conflicts could trigger a sharp reversal. Additionally, if the Federal Reserve pivots to a hawkish stance, the dollar could strengthen, pressuring silver prices. Industrial demand weakness, particularly from the solar energy sector, could also cap gains.
Investors should monitor these factors. The silver price forecast is not without downside risks. However, the current momentum favors the bulls.
The silver price forecast points to continued strength as XAG/USD rises near $76.00 on increased safe-haven demand. A combination of geopolitical tensions, a weaker dollar, and positive technical signals supports this view. Expert analysis and market data reinforce the bullish narrative. While risks exist, the overall outlook remains positive for silver investors in the near term.
Q1: What is driving the silver price forecast higher?
A1: The primary drivers are increased safe-haven demand due to geopolitical tensions, a weaker U.S. dollar, and negative real interest rates globally.
Q2: Is $76.00 a key level for XAG/USD?
A2: Yes, $76.00 is a psychological resistance level. A sustained move above it could open the path toward $80.00, according to technical analysis.
Q3: How does silver compare to gold in the current rally?
A3: Silver has outperformed gold, with a one-month gain of 8.5% versus gold’s 4.2%, due to its higher volatility and undervaluation.
Q4: What are the main risks to the silver price forecast?
A4: Key risks include a resolution of geopolitical conflicts, a hawkish Federal Reserve, a stronger U.S. dollar, and weaker industrial demand.
Q5: Should I invest in silver now?
A5: The current forecast is bullish, but all investments carry risk. Consider silver as part of a diversified portfolio and consult a financial advisor.
This post Silver Price Forecast: XAG/USD Surges to Near $76.00 on Surging Safe-Haven Demand first appeared on BitcoinWorld.
EUR/JPY inches lower after registering modest gains in the previous day, trading around 186.70 during Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross is positioned within the ascending channel, signaling an ongoing bullish bias.
The EUR/JPY cross holds a bullish near-term bias as it consolidates above both the nine-day and 50-day Exponential Moving Averages (EMAs), respectively. The currency cross is hovering just under the recent highs, with the 14-day Relative Strength Index (RSI) around 60, suggesting positive but not extreme momentum that keeps the door open for another push higher while dips remain contained.
The EUR/JPY cross may advance toward the all-time high of 187.95, which was recorded on April 17. Further advances above this level would support the currency cross to explore the region around the upper boundary of the channel, around 189.70.
On the downside, the immediate support lies at the nine-day EMA of 186.75, aligned with the lower boundary of the ascending channel around 186.60. A sustained break below the channel would put downward pressure on the EUR/JPY cross to test the 50-day EMA at 184.94.
(The technical analysis of this story was written with the help of an AI tool.)
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | -0.07% | -0.10% | -0.03% | -0.30% | -0.17% | -0.02% | |
| EUR | 0.06% | 0.02% | -0.04% | 0.03% | -0.22% | -0.09% | 0.04% | |
| GBP | 0.07% | -0.02% | -0.04% | 0.02% | -0.22% | -0.09% | 0.04% | |
| JPY | 0.10% | 0.04% | 0.04% | 0.08% | -0.20% | -0.09% | 0.11% | |
| CAD | 0.03% | -0.03% | -0.02% | -0.08% | -0.27% | -0.16% | 0.01% | |
| AUD | 0.30% | 0.22% | 0.22% | 0.20% | 0.27% | 0.14% | 0.28% | |
| NZD | 0.17% | 0.09% | 0.09% | 0.09% | 0.16% | -0.14% | 0.15% | |
| CHF | 0.02% | -0.04% | -0.04% | -0.11% | -0.01% | -0.28% | -0.15% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Broadcom Inc. (AVGO) stock price is experiencing volatile trading in its latest intraday levels, as the stock takes profits from its previous gains while attempting to gain positive momentum to help resume its ascent. Despite this slight decline, the stock remains stable above the key resistance level of 414.60, a strong technical signal confirming the validity of the previous breakout. This occurs amid the dominance of the main short-term and medium-term bullish trend, with continued positive pressure from trading above its 50-day SMA. Furthermore, positive signals continue to emerge from the Stochastic indicator, even as it remains within extremely overbought levels.
Therefore, we expect the stock price to rise during its upcoming trading sessions, especially as long as it remains stable above 414.60, targeting the first resistance level at 449.00.
Today’s price forecast: Bullish
Copper price attempted to settle above the initial support at $5.9700, however the continuation of the main indicators’ contradiction pushed it to form new sideways fluctuation to settle near $6.0300.
The continuation of forming an obstacle at $6.1200 level against the bullish attempts will increase the chances of forming bearish corrective waves, to increase the chances of reaching $5.8900 and $5.8200, while breaching the barrier and holding above it will the way for resuming the bullish attempt, to reach $6.2500 initially.
The expected trading range for today is between $5.8900 and $6.1200
Trend forecast: Bearish
– Written by
Frank Davies
STORY LINK Pound to Dollar Week Ahead Forecast: Bank of England in Focus as GBP Struggles
The Pound to Dollar exchange rate (GBP/USD) has drifted around 1.3500, with markets cautious ahead of the upcoming Bank of England policy update and ongoing uncertainty surrounding energy prices and UK politics.
While stronger UK data has offered some support, rising cost pressures, leadership risks, and expectations that the Bank of England may hold rates are limiting Sterling’s upside.
ING forecasts that the Pound to Dollar (GBP/USD) exchange rate will edge lower to 1.33 at the end of 2026 before a slight gain to 1.36 at the end of next year.
GBP/USD drifted lower during the week to trade around 1.35 amid further uncertainty surrounding the Iran situation and mixed UK fundamentals.
Energy prices will remain a key short-term element. Matsui Securities commented; “Oil and the dollar are still moving pretty closely together, and with crude creeping back up, I’d say the dollar is still staying fairly firm.”
There were further political concerns during the week as the Mandelson scandal continued.
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ING commented; “the risk of a leadership change in Downing Street is growing. Markets are wary that a new prime minister – and, by extension, chancellor – might mean more borrowing and looser fiscal rules.
The headline UK PMI business confidence data was stronger than expected, but business confidence dipped to the lowest level since 2022 and there was a very sharp increase in cost pressures and prices.
The Bank of England remains in a very difficult position. Following the data, markets priced in a 75% chance of a rate hike by June.
ING discussed the April 30th BoE decision; “in short, we’d expect the Bank to keep its options open. Avoid doing anything that could add to rate hike bets in markets, but without trying to actively talk them down, either.
It added; “Ultimately, though, we don’t think the Bank will hike rates this year – not at the current level of energy prices. We expect rates to stay at 3.75% in April and June, and for the rest of 2026.”
Bank of America also remains cautious over the UK outlook; “Despite a much better unemployment reading, underlying weakness persists. And the unfolding energy shock will also revive fears of higher unemployment in the near-term.
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