EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish harmonic pattern completes near $1.13085 with wedge support.
- RSI climbing from oversold; price nearing 50 EMA.
- Confirmation above $1.13092 opens path to $1.13588 and $1.13962.
The EUR/USD is currently testing the lower boundary of a descending wedge, reinforced by a bullish harmonic pattern (likely a bullish Gartley) forming at point D near $1.13085.
Price action has been contained within the wedge since April 19, and recent support at $1.1309 marks a potential reversal zone. A bullish bias emerges if the pair breaks decisively above $1.13092.
Candle structure supports this view, with buyers repeatedly defending the 1.1300 zone. A clean break above the wedge resistance could push prices toward the 50-hour SMA at $1.13596, followed by the next key level at $1.13962.
The 50 SMA continues to slope downward but is flattening—an early sign of potential crossover reversal if bullish momentum accelerates.
The Relative Strength Index (RSI) is printing 39.03, rising from oversold territory. While no bullish divergence is confirmed yet, the oscillator’s uptick indicates waning bearish momentum. Additionally, the recent hammer and spinning top near support add to bullish reversal cues.
A failure to hold above $1.13085 may invalidate the bullish setup, exposing the pair to deeper losses toward $1.12788 and ultimately $1.12666.
However, the harmonic completion and wedge compression suggest an imminent volatility breakout, favoring bullish scenarios if volume confirms.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.13092
Take Profit – 1.13588
Stop Loss – 1.12788
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$496/ -$304
Profit & Loss Per Mini Lot = +$49/ -$30
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold forms a descending triangle with a bearish engulfing candle near $3,342.
- RSI divergence and 50-EMA rejection confirm downside momentum.
- Break below $3,316 could accelerate losses toward $3,260 and $3,228.
Gold prices are under pressure as they flirt with a critical breakdown below the $3,316 support zone, following a textbook lower high rejection around $3,342.
The market is tracing a descending triangle, defined by falling highs and a flat base near $3,314, reinforcing bearish sentiment. The 50-period EMA at $3,367 has turned decisively downward, acting as dynamic resistance, and capping intraday rallies.
A sequence of spinning tops and Doji candles formed along the descending trendline—most recently at $3,342—signals market indecision and exhaustion of buying momentum.
Notably, the failure to breach this zone confirms the pattern of lower highs, supported by a short-lived three white soldiers pattern that reversed into a bearish engulfing candle.
Adding weight to the bearish case is the RSI, which currently sits at 42.41. A clear bearish divergence emerged earlier this week, as prices posted higher highs while RSI made lower highs—often a prelude to deeper pullbacks. A crossover below the 50-level confirms the shift toward downside momentum.
If gold breaks below $3,316 on strong volume, it may open the path to $3,260 and possibly $3,228. Key trendline support drawn from the April 10 low coincides with this confluence zone, making it the next battleground for bulls.
However, a sharp move above $3,357 would invalidate the short setup and could pave the way for a retest of $3,386.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 3316
Take Profit – 3259
Stop Loss – 3357
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$5700/ -$410
Profit & Loss Per Mini Lot = +$570/ -$410
S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish engulfing candle breaks descending trendline near $5,455.
- RSI momentum confirms strength, with no immediate divergence.
- Price targets $5,670 if $5,453 support holds.
The S&P 500 has broken out above a long-standing descending trendline resistance near 5,455, confirming a bullish breakout from a falling wedge pattern. Price action shows a convincing close above the 50-period SMA, now at 5,325, signaling a shift in short-term momentum.
This technical milestone is reinforced by a higher low structure and a fresh bullish engulfing candle that cleared a week-long consolidation range.
RSI stands at 66.25, approaching overbought territory but not yet flashing divergence. This RSI level—paired with the MACD signal line crossing above zero (not shown)—supports the case for further upside.
Momentum has been building gradually since the reversal from 5,102, marked by three white soldiers near the April 19–22 lows—an optimistic reversal signal rarely seen in isolation.
The breakout candle itself is a strong-bodied bullish candle, closing well above resistance without significant upper wicks—often a sign that buyers are confident and in control. If price holds above 5,455, we expect the rally to extend toward 5,579 and eventually test the key resistance at $5,670.
However, a failed retest below 5,453 would invalidate the breakout and expose the index to downside risk back toward the 5,325 support level. In this case, bulls will want to see a defense of the rising trendline from the April lows.
S&P 500 - Trade Ideas
Entry Price – Buy Above 5453
Take Profit – 5670
Stop Loss – 5353
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$2170/ -$1000
Profit & Loss Per Mini Lot = +$217/ -$100
AUD/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Trendline Holding: Price defends rising trendline; buyers may be stepping in at 0.6349.
- Neutral RSI: At 42.45, there's room for a bounce but no strong signal yet.
- Key Resistance: 50-SMA and 0.6395 remain critical for further upside.
AUD/USD is showing signs of stabilizing after defending the ascending trendline support near 0.6349. The price has bounced off this level multiple times and is attempting to hold above it once again, forming a potential higher low. The bullish setup remains valid if the pair sustains above 0.6349.
The 50-period SMA at 0.6393 still acts as immediate dynamic resistance. A break above this level would clear the way toward the 0.6435 resistance. On the downside, any sustained move below 0.6321 would invalidate the bullish outlook and suggest a deeper correction.
The RSI sits at 42.45 — slightly bearish but curling upward, hinting at early recovery momentum. A close above 0.6395 would confirm short-term bullish strength, while failure to reclaim the 50-SMA could lead to range-bound trading.
AUD/USD - Trade Ideas
Entry Price – Buy Above 0.63491
Take Profit – 0.63945
Stop Loss – 0.63215
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$454/ -$276
Profit & Loss Per Mini Lot = +$45/ -$27
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish Channel: USD/JPY trades inside a rising channel; higher lows support near-term uptrend.
- RSI Holding Above 50: RSI at 59.27 indicates bullish momentum is still intact.
- Breakout Watch: A sustained move above 142.58 confirms continuation toward 144.29.
USD/JPY continues to hold within a rising price channel after bouncing off the 141.57 support. Price is currently testing a confluence zone marked by the 50-period SMA (142.59) and previous resistance-turned-support at 142.58. A breakout above this level could open the door toward 144.29 in the near term.
The pair has also breached the descending trendline from the March high, indicating a shift in short-term momentum. RSI at 59.27 supports the bullish outlook, as it remains above the 50 threshold, suggesting buyers are still in control. However, traders should monitor for potential rejection around the channel top.
Should price drop below 141.57, the bullish structure would weaken, exposing 140.19 as the next support level.
USD/JPY - Trade Ideas
Entry Price – Buy Above 142.585
Take Profit – 144.293
Stop Loss – 141.564
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$1708/ -$1021
Profit & Loss Per Mini Lot = +$170/ -$102
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bearish Flag Formation: Gold is consolidating below $3,345 after failing to recover its broken uptrend.
- SMA as Resistance: Price remains capped below the 50-SMA, reinforcing bearish bias.
- Momentum Still Soft: RSI at 45.67 with no strong bullish divergence, suggesting downside potential.
Gold is struggling to regain bullish momentum after its recent breakdown from the ascending channel. The price was rejected around the $3,345 level — now acting as short-term resistance — and remains below the 50-period SMA ($3,366), indicating that sellers are still in control.
A bearish setup is building below this structure, with a potential continuation toward the $3,290 support zone if $3,345 fails to break.
Recent price action shows lower highs and a rejection candle off the $3,345 resistance zone, forming a potential bearish flag. This aligns with the RSI reading of 45.67, which remains under pressure and confirms weakening upward momentum.
If sellers manage to push the price below $3,345, the next key level to watch will be $3,290, followed by $3,288. A close above $3,390 would invalidate the bearish setup and suggest a short-term reversal toward $3,411.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 3345
Take Profit – 3290
Stop Loss – 3390
Risk to Reward – 1: 1.2
Profit & Loss Per Standard Lot = +$5500/ -$4500
Profit & Loss Per Mini Lot = +$550/ -$450
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Channel Breakdown: Gold has broken below its upward channel, shifting short-term bias to bearish.
- SMA Flip: Price now trades under the 50-period SMA, increasing bearish conviction.
- Momentum Drops: RSI at 36 suggests sellers are gaining strength.
Gold has broken below its rising channel and is showing signs of trend exhaustion after failing to hold above the $3,370 support zone. The recent break under both the ascending channel support and the 50-period SMA ($3,368) confirms a short-term bearish shift. Price action is now targeting the next support area around $3,273, provided the bearish pressure sustains.
The rejection near $3,453 followed by consecutive bearish candlesticks points to a strong reversal pattern. This is further supported by a drop in the RSI, now at 36.00, which reflects increasing downside momentum and puts buyers on the defensive.
Sellers are likely to remain in control below $3,370. A daily close beneath this threshold confirms the breakdown. The next area of interest for sellers is the $3,273 support, while any recovery above $3,433 would invalidate the short setup and suggest bullish reentry.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 3370
Take Profit – 3273
Stop Loss – 3433
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$9700/ -$6300
Profit & Loss Per Mini Lot = +$970/ -$630
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Break of 50-SMA & Support: 1.1403 now resistance after failed hold, trend bias turns bearish.
- Bearish Candles: Strong sell-off candle adds confirmation below structure and SMA.
- Momentum Favors Sellers: RSI near 39 with room for more downside.
EUR/USD has shifted to a bearish bias after failing to hold above the 50-period SMA at 1.1431. The pair has broken below key support at 1.1403, which is now acting as short-term resistance.
This breakdown, paired with the rejection from the $1.1450 zone, suggests bearish continuation if price sustains below the 1.1403 pivot.
The RSI reading at 39.25 confirms momentum has turned bearish, with room for further downside before reaching oversold conditions.
The recent bearish candlestick pattern (a strong red candle closing below the 50-SMA and horizontal support) provides additional confirmation of the trend shift.
The pair is now eyeing a retest of the rising trendline support near 1.1309. If that breaks, the next support lies at 1.1265. On the flip side, a close above 1.1451 would invalidate the bearish setup and suggest a possible rebound.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.14034
Take Profit – 1.13099
Stop Loss – 1.14515
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$935/ -$481
Profit & Loss Per Mini Lot = +$93/ -$48
GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish Rebound Setup: Price rebounding near 50-SMA and ascending trendline support.
- Engulfing Candle Confirmed: Bullish price action suggests buyers may attempt a short-term reversal.
- RSI Turning Higher: At 45.12, momentum is shifting back toward bulls without being stretched.
GBP/USD has found support around the 1.3291 level following a sharp pullback from its recent highs near 1.3415. The pair is now attempting to regain footing above the 50-period SMA (1.3318), which could serve as a pivot for bullish continuation. Price action suggests potential for a rebound if buyers maintain control above the 1.3291 trigger level.
A bullish engulfing candle has formed near the rising trendline and 50-SMA support zone, reinforcing a potential reversal. This pattern gains significance with RSI recovering from 45.12 — signaling early bullish momentum without entering overbought territory.
If the pair holds above 1.3291, the upside target sits at 1.3395. A break below 1.3228 would invalidate the setup and expose GBP/USD to deeper correction levels.
GBP/USD - Trade Ideas
Entry Price – Buy Above 1.32918
Take Profit – 1.33954
Stop Loss – 1.32284
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$1036/ -$634
Profit & Loss Per Mini Lot = +$103/ -$63
AUD/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Channel Structure Intact: Price respecting the rising channel, targeting 0.6452 short-term.
- Support at 0.6409: Breakout retest level acting as near-term floor.
- RSI Neutral-Bullish: At 61.63, signals moderate upward momentum.
AUD/USD remains in a bullish structure, trading within an ascending channel and holding above the 50-period SMA at 0.6385. The pair recently bounced from a confluence support zone near 0.6409 and is currently attempting another push toward the upper channel boundary around 0.6452.
The technical setup remains constructive as long as price sustains above the 0.6409 breakout level, now acting as immediate support. The RSI stands at 61.63 — neutral to bullish — showing potential for continued upward momentum without being overbought.
A sustained break above 0.6452 could expose the next resistance at 0.6471, while failure to hold above 0.6409 may lead to a drop toward the 0.6387–0.6385 support area.
AUD/USD - Trade Ideas
Entry Price – Buy Above 0.64091
Take Profit – 0.64517
Stop Loss – 0.63875
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$426/ -$216
Profit & Loss Per Mini Lot = +$42/ -$21