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About: seooptimization
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Weekly Technical Analysis Forecast – April 21, 2025
EUR/USD is climbing again after bouncing off 1.1270 over the 30-SMA, confirming it as support. The bullish bias remains intact after the mid-April surge with the uptrend gaining momentum after a break above 1.1130, forming a higher high. However, a bearish RSI divergence has emerged with a lower high, while price moved higher, suggesting momentumContinue Reading
Daily Fundamental Update: Markets Open Mixed as China Keeps Lending Rates Unchanged
China warns of retaliation against countries cooperating with U.S. trade measures that affect Chinese interests, as Trump administration seeks to use tariffs to limit U.S. partners’ China dealings. China imposed 125% tariffs on U.S. goods, restricted mineral exports, and blacklisted several U.S. companies. While the future of this trade war is still unclear, Some analystsContinue Reading
Daily Technical Update: Gold opens Higher and Nears $3,400 Levels
Gold is less than $15 from the $3,400 level Gold continues to break new levels as the USD weakens. In early trading on Monday, oil broke above short term averages MA(5), MA(10), and MA(30) on the hourly chart. As of now the price of gold ounce is trading at $3,385.97. The RSI bearish divergence warnsContinue Reading
Weekly Recap Fundamental Analysis: U.S. Indices Close Lower as Trade War Drags on
Key Takeaways Major U.S. Indices experienced strong fluctuations this week, with the S&P 500 and Nasdaq ending the week down 2.93% and 4.87% respectively. Healthcare stocks experienced big drops driven by UnitedHealth, which saw significant declines due to disappointing earnings. This week, investor sentiment was further impacted by President Trump’s criticism of the Federal Reserve’sContinue Reading
Weekly Recap Technical Analysis: Gold Breaks a New High, and Oil is Back Above $64
EURUSD: Potential Bearish Correction as RSI is in Overbought Territory Following a strong uptrend since early February, EURUSD has been trading in a tight range this week. Recent candles show consolidation just below the psychological level of 1.1500. Technicals indicate possible continuation if breakout occurs with high volume above the recent resistance of 1.1473. TheContinue Reading
