Daily Price Outlook

- AUD/USD faces strong resistance at $0.6860, coinciding with the 50-EMA.

- Immediate support rests at $0.6819, with downside targets at $0.6783.

- RSI at 46 suggests neutral momentum, with potential for near-term recovery.

The Australian Dollar (AUD/USD) has gained 0.32% on the day, trading around $0.68417, reflecting some positive momentum in an otherwise cautious market. The pair is currently moving below the pivot point at $0.6860, with the 50-day Exponential Moving Average (EMA) also aligned at this level, acting as a significant technical barrier.

Immediate resistance stands at $0.6907, which, if breached, could open the door for further gains towards $0.6946 and $0.6983, respectively.

On the downside, immediate support lies at $0.6819, with additional supports at $0.6783 and $0.6744. Traders are carefully monitoring the $0.6860 level, as it serves as both a pivot point and a key resistance zone.

A break above this level would likely invalidate the current bearish setup. The Relative Strength Index (RSI) is currently at 46, signaling neutral momentum with a slight tilt towards oversold conditions, which suggests the possibility of a rebound in the near term.

For traders, a sell limit entry at $0.6860 is advised, with a take-profit target at $0.68189, supported by the immediate downside levels. A stop-loss at $0.68879 would help mitigate risk in case of an upward breakout. Overall, the AUD/USD pair remains vulnerable to downside pressure as long as prices stay below the 50-EMA.

AUD/USD - Trade Ideas

Entry Price – Sell Limit 0.68600

Take Profit – 0.68189

Stop Loss – 0.68879

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$411/ -$279

Profit & Loss Per Mini Lot = +$41/ -$279

Daily Price Outlook

- USD/JPY is approaching key resistance at 145.409, with a pivot point at 145.398.

- Immediate support at 143.968, reinforced by the 50-EMA at 144.016.

- RSI at 66 indicates the pair is nearing overbought territory, suggesting caution.

The USD/JPY pair is trading slightly higher at 144.877, marking a modest increase of 0.04% for the day. The pair is hovering near a crucial pivot point at 145.398, which could serve as a turning point for future price action.

Immediate resistance is found just above at 145.409, with further resistance levels at 145.973 and 146.514, which could become significant if the current upward momentum persists.

On the downside, immediate support stands at 143.968, followed by deeper supports at 143.475 and 142.910. The 50-day Exponential Moving Average (EMA), currently at 144.016, is providing strong dynamic support, suggesting the pair will remain buoyed above this level.

Meanwhile, the Relative Strength Index (RSI) is at 66, signaling that the pair is nearing overbought conditions, a potential indicator of short-term exhaustion.

Traders may consider a buy limit at 144.478, targeting the pivot point at 145.398, with a stop loss at 143.978 to mitigate downside risks. The overall trend remains bullish, as long as the price stays above the 50-EMA.

USD/JPY - Trade Ideas

Entry Price – Buy Limit 144.478

Take Profit – 145.398

Stop Loss – 143.978

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$920/ -$500

Profit & Loss Per Mini Lot = +$92/ -$50

Daily Price Outlook

- Immediate Resistance at $1.34293; breaking this level signals potential bullish momentum.

- Immediate Support at $1.33594; a breach may target $1.32993.

- RSI at 53 reflects neutral sentiment, with a slight bias toward consolidation.

The GBP/USD pair is currently trading at $1.33989, down 0.11%, showing signs of consolidation following a modest decline in the previous session. The pair’s pivot point is set at $1.33831, indicating that a break above this level could signal renewed bullish momentum.

Immediate resistance is found at $1.34293, with further resistance levels at $1.34551 and $1.34885. A break above these levels could push the pair higher, signaling a potential short-term trend reversal.

On the downside, immediate support is seen at $1.33594, followed by key levels at $1.33310 and $1.32993. If prices fall below these levels, the GBP/USD pair could experience a deeper pullback, especially as market participants remain cautious ahead of key economic data releases.

Technical indicators show mixed sentiment. The Relative Strength Index (RSI) is currently at 53, indicating neutral momentum, though a dip below 50 would suggest increased bearish pressure. The 50-day Exponential Moving Average (EMA) is positioned at $1.33655, offering a critical support level for short-term trading.

Given the current technical setup, traders might consider entering long positions above $1.33831, with a take-profit target of $1.34280 and a stop-loss set at $1.33591.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.33831

Take Profit – 1.34280

Stop Loss – 1.33591

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$449/ -$240

Profit & Loss Per Mini Lot = +$44/ -$24

Daily Price Outlook

- Immediate Resistance at $1.12153; breaking higher could target $1.12309.

- Immediate Support at $1.11618; the 50-day EMA at $1.11418 offers strong support.

- RSI at 65 indicates bullish momentum but could near overbought territory if it rises further.

The EUR/USD pair is trading at $1.11872, up 0.07%, as it consolidates near recent highs. A break above the pivot point at $1.11983 could signal further bullish momentum, especially as traders eye immediate resistance at $1.12153. Additional resistance levels to watch include $1.12309 and $1.12485, which, if breached, could drive the pair higher in the short term.

On the downside, the immediate support level rests at $1.11618, followed by deeper supports at $1.11509 and $1.11350. The 50-day Exponential Moving Average (EMA), currently positioned at $1.11418, offers a strong support base, signaling a bullish outlook as long as the price remains above this average.

The Relative Strength Index (RSI) is currently at 65, indicating a bullish trend, but a move above 70 would signal overbought conditions, potentially leading to short-term profit-taking.

For short-term traders, a buy limit order around $1.11770 could provide an attractive entry point, targeting a take-profit level at $1.12153, with a conservative stop-loss set at $1.11626. This setup provides a balanced approach, capitalizing on upward momentum while safeguarding against downside risk.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.11770

Take Profit – 1.12153

Stop Loss – 1.11626

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$383/ -$144

Profit & Loss Per Mini Lot = +$38/ -$14

Daily Price Outlook

- Immediate Resistance at $2,670.90; breaking above signals bullish potential.

- Immediate Support at $2,648.18; a breach could target $2,631.56.

- RSI at 55 shows neutral momentum, with caution toward a bearish shift if it dips below 50.

Gold (XAU/USD) is currently trading at $2,652.43, down 0.18% as profit-taking and market uncertainty weigh on prices. The key pivot point lies at $2,657.23, indicating potential bearish momentum if prices remain below this level.

Immediate resistance sits at $2,670.90, with higher resistance targets at $2,681.48 and $2,691.20. A break above these levels could signal a shift to a bullish bias. On the downside, immediate support is at $2,648.18, followed by $2,640.19 and $2,631.56.

The Relative Strength Index (RSI) is neutral at 55, indicating neither overbought nor oversold conditions. However, a move below the 50 mark could indicate growing bearish sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $2,637.30, offering solid short-term support. If prices break below the $2,648 support level, a drop toward $2,640 or $2,631 is likely.

Given the current setup, traders are advised to adopt a cautious stance. The entry price for selling is recommended below $2,657 with a take-profit target of $2,640 and a stop-loss at $2,674.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2657

Take Profit – 2640

Stop Loss – 2674

Risk to Reward – 1: 1

Profit & Loss Per Standard Lot = +$1700/ -$1700

Profit & Loss Per Mini Lot = +$170/ -$170

Daily Price Outlook

- Immediate Resistance: $2,640.67, with next levels at $2,651.94 and $2,663.95.

- Key Support Levels: Immediate at $2,605.40, followed by $2,593.64 and $2,581.15.

- RSI: Moderate at 58, indicating room for more gains before hitting overbought territory.

Gold (XAU/USD) is trading at $2,628.47, up 0.25%, showing a steady upward movement during the Asian session. The price remains in a short-term bullish trend, supported by a 50-day exponential moving average (EMA) at $2,601.19.

Immediate resistance is situated at $2,640.67, followed closely by the pivotal resistance level at $2,651.94. A break above these levels could propel the price to the next major resistance at $2,663.95.

On the downside, immediate support lies at $2,605.40, with further key supports at $2,593.64 and $2,581.15.

From a technical perspective, the RSI (Relative Strength Index) stands at 58, reflecting moderate bullish momentum without nearing overbought conditions. This indicates room for further gains before any potential pullback.

The key pivot point at $2,652.00 suggests that this level could be the critical threshold for bullish continuation.

Overall, a buy position above $2,623 could target the $2,652 resistance level, with a potential stop-loss at $2,607 to manage downside risk.

The price action suggests further bullish movement as long as gold remains supported by the 50 EMA and the broader sentiment around safe-haven assets remains intact amid global economic uncertainty.

Gold remains bullish above $2,623, with $2,652 as the next key target, supported by a strong technical setup and favorable market sentiment.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2623

Take Profit – 2652

Stop Loss – 2607

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$2900/ -$1600

Profit & Loss Per Mini Lot = +$290/ -$160

Daily Price Outlook

- Immediate Resistance at $0.6870, with further resistance at $0.6902 and $0.6928.

- Immediate Support at $0.6784, with next levels at $0.6757 and $0.6725.

- RSI stands at 51, indicating neutral market conditions with room for directional shifts.

The Australian dollar (AUD/USD) is currently trading at $0.68304, up 0.25%, as the pair shows a modest recovery during the Asian session. The price remains above its 50-day Exponential Moving Average (EMA) of $0.6811, indicating short-term bullish momentum.

Immediate resistance is seen at $0.6870, just above the pivot point of $0.6869. A break above this level could lead the pair toward the next resistance at $0.6902, and potentially extend to $0.6928 if momentum holds.

On the downside, immediate support is located at $0.6784, with further key levels at $0.6757 and $0.6725.

Technically, the RSI (Relative Strength Index) is positioned at 51, suggesting a neutral stance, with neither overbought nor oversold conditions.

This gives the market room to maneuver in either direction, depending on upcoming catalysts, such as U.S. and Australian economic data releases.

The pair’s trajectory remains cautiously bullish as long as it stays above the 50 EMA. However, the pivot point at $0.6869 will be crucial for further upside. If prices can break above immediate resistance, AUD/USD could see an extension toward the $0.6902 and $0.6928 resistance levels. Conversely, a dip below $0.68084 could shift sentiment toward the downside, with targets near the $0.67798 stop-loss level.

Overall, AUD/USD looks poised for a potential rally above $0.68084, targeting $0.68693, while maintaining a stop-loss at $0.67798 to manage downside risk.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.68084

Take Profit – 0.68693

Stop Loss – 0.67798

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$609/ -$286

Profit & Loss Per Mini Lot = +$60/ -$28

Daily Price Outlook

- Immediate support at $1.3493, with further levels at $1.3467 and $1.3442.

- Immediate resistance at $1.3572, followed by $1.3601 and $1.3635.

- RSI at 39 suggests bearish momentum with possible further downside before a reversal.

The USD/CAD pair is currently trading at $1.35105, down 0.19%, as the U.S. dollar weakens against the Canadian dollar during the early trading hours.

The price has slipped below its 50-day Exponential Moving Average (EMA) of $1.3561, signaling growing bearish momentum in the short term.

Immediate support is found at $1.3493, a key level that, if broken, could lead to further downside towards $1.3467 and $1.3442.

On the upside, the pair faces immediate resistance at $1.3572, which aligns with the pivot point at $1.3544. A sustained break above this could challenge higher resistance levels at $1.3601 and $1.3635, though the current downtrend suggests selling pressure may persist.

The Relative Strength Index (RSI) stands at 39, indicating the pair is approaching oversold territory but has room for further declines before a significant reversal.

Traders are watching for a potential sell-off below the $1.35298 level, with a take-profit target set at $1.34758.

Overall, the technical setup favors bearish sentiment, especially with the price trading below the 50 EMA and the RSI leaning towards oversold. If support at $1.3493 gives way, a sharper decline could be triggered.

In conclusion, USD/CAD presents a bearish outlook below $1.35298, with a potential downside target of $1.34758 and stop-loss at $1.35619.

USD/CAD - Trade Ideas

Entry Price – Sell Below 1.35298

Take Profit – 1.34758

Stop Loss – 1.35619

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$540/ -$321

Profit & Loss Per Mini Lot = +$54/ -$32

Daily Price Outlook

- GBP/USD faces immediate resistance at $1.3361, with a pivot point at $1.3419 critical for further gains.

- RSI at 66 suggests overbought conditions may be approaching, indicating potential for a pullback.

- The 50-day EMA at $1.3005 provides robust support, helping to maintain the bullish outlook.

The GBP/USD pair is currently trading at $1.33131, down by 0.05% as the pound faces modest pressure amidst a subdued market environment.

Despite the minor dip, the broader technical outlook remains cautiously optimistic, with the pair poised near key levels. The pivot point stands at $1.3419, a critical juncture that, if breached, could signal further upward movement.

Immediate resistance is situated at $1.3361, with additional hurdles at $1.3438 and $1.3507. Should the pair rally above these levels, a renewed bullish push could unfold.

However, on the downside, the first support lies at $1.3198. A move below this level could trigger a deeper correction, with further supports at $1.3114 and $1.3035. These levels will be crucial in determining whether the pound can maintain its overall uptrend or if bearish momentum takes control.

Technically, the RSI is hovering at 66, suggesting that the pair is approaching overbought conditions, signaling caution for traders eyeing further gains.

Meanwhile, the 50-day Exponential Moving Average (EMA) sits at $1.3005, continuing to provide a solid foundation for the pair’s upward trajectory. As long as the price remains above this level, the broader trend remains supportive of the bulls.

In conclusion, a buy-above strategy remains attractive, with an entry price at $1.32643 and a profit target at the pivot level of $1.34194.

Traders should consider placing a stop-loss at $1.31995 to protect against downside risks, particularly if the pair fails to break above its immediate resistance.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.32643

Take Profit – 1.34194

Stop Loss – 1.31995

Risk to Reward – 1: 2.3

Profit & Loss Per Standard Lot = +$1551/ -$648

Profit & Loss Per Mini Lot = +$155/ -$64

Daily Price Outlook

- EUR/USD is consolidating near $1.11625, with resistance at $1.1181 and pivot at $1.1199.

- RSI at 58 signals mild bullish momentum, with room for further gains.

- The 50-day EMA at $1.1103 provides critical support, maintaining the bullish bias.

The EUR/USD pair is currently trading at $1.11625, marking a flat session with minimal movement. The market is in a phase of consolidation, with a neutral bias, though technical indicators suggest the potential for further upside in the coming sessions.

The key to unlocking the next move lies around the pivot point at $1.1199. Should the pair break above this level, immediate resistance awaits at $1.1181, followed by stronger barriers at $1.1210 and $1.1241.

On the downside, the first line of support is at $1.1118, with deeper supports at $1.1094 and $1.1067.

The technical indicators support a cautious bullish outlook. The Relative Strength Index (RSI) stands at 58, indicating positive momentum but not yet overbought territory, leaving room for further gains.

Meanwhile, the 50-day Exponential Moving Average (EMA) is positioned at $1.1103, providing a solid foundation for the pair. As long as the EUR/USD remains above this level, the overall trend favors the bulls.

In terms of trade strategy, a buy-above approach seems prudent, with an entry point at $1.11466. A reasonable profit target would be the pivot level of $1.11988, with a stop-loss set at $1.11174 to mitigate downside risk.

Given the relative calm in the market, the focus will be on whether the pair can gather enough momentum to break through resistance levels and sustain any rally.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.11466

Take Profit – 1.11988

Stop Loss – 1.11174

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$522/ -$292

Profit & Loss Per Mini Lot = +$52/ -$29