Market Insight

06 Oct 2022
Fxdatapanel

USD/CHF Daily Forecast and Daily Trade Signal 6-OCT-2022

The USD/CHF pair has dropped from Tuesday’s high and is currently trading at 0.9890. The intraday support levels are at 0.9783 and 0.9732. The intraday resistance levels are at 0.9884 and 0.9940. Despite the downtick, the recovery pattern remains intact, and the USDCHF pair may rise in the coming session.

06 Oct 2022
Fxdatapanel

AUD/USD Forecast and Trade Signal 06-OCT-2022

AUD/USD bulls are struggling to move any higher and build a strong recovery pattern. Currently, the pair is trading at 0.6466. The intraday support levels are at 0.6429 and 0.6368. The near-term resistance areas are at 0.6538 and 0.6647. The intraday price pattern continues to remain bearish and the pair is...

05 Oct 2022
Fxdatapanel

EURGBP Forecast and Daily Trade Signal 05-OCT-2022

EURGBP pair’s correction phase seems to end as the bears lose momentum. The intraday support levels are at 0.8651 and 0.8601. The near-term resistance areas are at 0.8747 and 0.8843. Yesterday’s closing has formed a sort of bullish engulfing pattern at the bottom that may speed up the recovery in the...

05 Oct 2022
Fxdatapanel

Spot Silver (XAGUSD) Forecast and Daily Trade Signal 05-OCT-2022

Spot silver is trading around a strong resistance area (20.85). The bulls appear to be losing control and only a breach above this level will keep them intact. Other than that the intraday support levels are at 20.69 and 20.32. The intraday resistance levels are at 21.33 and 21.60.

04 Oct 2022
Fxdatapanel

AUD/USD Daily Outlook and Trade Signal 04-OCT-2022

The AUDUSD pair seems to have found strong support near the current price level. Currently, Doji and Hammer patterns at the bottom may help bulls build a strong recovery momentum. The intraday support levels are at 0.6437 and 0.6358. The near-term resistance areas are at 0.6558 and 0.6600.

04 Oct 2022
Fxdatapanel

USDCAD Daily Forecast And Trade Signal 04-OCT-2022

USDCAD pair’s last intraday closing has formed a bearish engulfing pattern that will mark the ongoing uptrend in the coming days. The intraday support levels are at 1.3552 and 1.3482. The intraday resistance levels are at 1.3759 and 1.3897.

03 Oct 2022
Fxdatapanel

EURUSD Forecast and Daily Trade Signal – 3-OCT-2022

EURUSD upwards momentum seems to fade as bulls face stiff resistance around the current market level. The intraday resistance levels at 0.9857 and 0.9915. The near-term support areas are at 0.9738 and 0.9677. Bulls have been unable to breach above the psychological level of 0.99000, which may translate into another drop...

03 Oct 2022
Fxdatapanel

GBPUSD Forecast and Daily Trade Signal 03-OCT-2022

GBPUSD upwards momentum is also failing with the US dollar on its way to a recovery move. Currently, the pair is trading at 1.1204 with immediate resistance levels at 1.1250 and 1.1347. The intraday support levels are at 1.1041 and 1.0929. Last Friday’s closing has formed a Doji pattern which is...

30 Sep 2022
Fxdatapanel

EURGBP Daily Forecast and Short-term Trading Idea

EUR/GBP has dropped to a strong support area after rising for nearly 2 weeks. However, the current drop in the EURGBP pair’s price seems temporary. The intraday support levels are at 0.8771 and 0.8715. The near-term resistance areas are at 0.8931 and 0.9035. On the intraday charts, the EURGBP pair has...

30 Sep 2022
Fxdatapanel

Gold (XAUUSD) Daily Forecast and Trading Idea

Gold has recovered in the past three trading sessions. However, it’s currently trading near a stiff resistance area and is likely to take a dip. The intraday support levels are at 1646.31 and 1632.25. The near-term resistance areas are at 1669.65 and 1678.93. The XAUUSD long-term forecast is bearish as the...

29 Sep 2022
Fxdatapanel

AUD/USD Daily Outlook and Short-term Trading Idea

AUD/USD is recovering from yesterday’s low of 0.6326 and is currently trading at 0.6495. The intraday support levels are at 0.6412 and 0.6304. The near-term resistance areas are at 0.6580 and 0.6640. The intraday price pattern suggests a bullish momentum after yesterday’s positive closing. The 4-hourly price pattern is equally indicating...

29 Sep 2022
Fxdatapanel

EUR/USD Daily Analysis and Trade Signal

EUR/USD is finally gaining upwards momentum and is currently trading at 0.9724. The intraday support levels are at 0.9597 and 0.9459. The near-term resistance areas are at 0.9812 and 0.9889. The previous two intraday closings indicate a further bullish momentum with the possibility of significant gains in the coming days.