EURCAD Analysis
EUR/CAD Stuck in Range – Will 1.5740 Break Hold the Key?
EUR/CAD trades sideways between 1.5400–1.5885. Price stalls below 1.5740; flat RSI and red Kumo cloud point to weakening momentum.
EUR/CAD continues to trade within a well-defined horizontal range between the 1.5400 support and 1.5885 resistance levels. The pair has once again failed to break through the upper resistance and now consolidates below the short-term resistance at 1.5740. The flat price action, combined with the red Ichimoku Kumo Cloud, reflects weakening bullish momentum. Meanwhile, the RSI hovers near 45, indicating indecision and a lack of strong directional bias. A drop below 1.5620 could bring renewed bearish pressure toward the 1.5400 support, while sustained closes above 1.5740 would reintroduce upside potential targeting 1.5885.
GBPUSD Analysis
GBP/USD Breaks Support – Bearish Momentum Builds Below 1.3290
GBP/USD drops below 1.3290. Trading at 1.3235 with RSI at 40 and red Kumo cloud, further downside toward 1.3015 and 1.2865 remains in play.
GBP/USD has broken below the key support zone at 1.3290, which previously served as a consolidation base. Price now trades near 1.3235, just below the broken level. The failure to continue the bullish move, combined with the red Ichimoku Kumo Cloud, reflects a shift in sentiment toward the downside. RSI has dropped to 40, confirming growing bearish momentum. If pressure continues, the next key support zones to watch are 1.3015 and 1.2865. A short-term bullish reversal would only be considered if 1.3290 is reclaimed as support
EURUSD Analysis
EUR/USD Breaks Below 1.1330 – Bearish Momentum Strengthens
EUR/USD slips past 1.1330 support. RSI near 33 and red Kumo cloud confirm bearish pressure. Eyes now on 1.1260, 1.0954, and 1.0730.
EUR/USD has broken below the key support level at 1.1330, now approaching the 1.1260 zone. This move signals a structural shift after a prolonged sideways range. The presence of the red Ichimoku Kumo Cloud, along with RSI falling toward oversold territory at 33.84, confirms intensifying bearish momentum. This breakdown creates room for a continuation toward the next support levels at 1.0954 and 1.0730. Bulls would need to reclaim 1.1330 and sustain price above it to regain control, though such a reversal appears unlikely without a significant shift in sentiment.
XAUUSD (Gold) Analysis
Gold Rejected at $3,412 – Support at $3,331 Under Pressure
Gold drops from $3,412 to $3,325. RSI at 48 signals weak bias; $3,331 support is key. Bears eye $3,245 if breakdown continues.
Gold has been rejected from the $3,412 resistance zone and pulled back to $3,325 after failing to maintain its bullish momentum. The retracement aligns with the previous horizontal support at $3,331, which is now being tested. A break below this level may expose further downside toward $3,245 and $3,148. Meanwhile, RSI stands near 48, indicating a slight bearish bias without reaching oversold territory. If buyers manage to hold the $3,325–$3,331 zone, a rebound toward $3,357 could follow. The Ichimoku cloud behavior supports a short-term bearish outlook, with potential volatility near key support and resistance levels.
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