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Technical Outlook

EURUSD – Bulls Maintain Control After Consolidation; Eyes Set on 1.20 Target

Ahmad Elbasioni Jul 10, 2025
EURUSD is consolidating just below a fresh high at 1.1830 — its strongest level since September 2021 — as bullish momentum pauses after an extended rally. The euro continues to draw strength from broad-based U.S. dollar weakness, with the…
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Technical Outlook

GBPJPY – Bulls Lose Momentum Near Key 200 Psychological Barrier

Ahmad Elbasioni Jul 9, 2025
GBPJPY retreated from a fresh one-year high as bullish momentum began to fade near the key psychological resistance at 200.00. The Japanese yen remains under broad pressure following repeated failures in trade…
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Technical Outlook

GOLD – Bears strengthen control, retesting the daily Ichimoku cloud

Ahmad Elbasioni Jul 9, 2025
Gold remains under pressure for a second consecutive day, weighed down by a stronger dollar amid growing risk aversion linked to rising uncertainty over U.S. tariff policy. Sellers are once again testing key support at…
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Technical Outlook

USD/JPY – Dollar Supported by Safe-Haven Flows

Ahmad Elbasioni Jul 7, 2025
The USD/JPY pair rose 0.7% on Monday morning, supported by strong safe-haven flows amid growing risk aversion in global markets. The pair extended its rally and broke through the daily Ichimoku cloud (spanning 144.74 to 145.54), with…
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Technical Outlook

Australian dollar drops significantly amid risk-off sentiment ahead of the widely anticipated 25…

Ahmad Elbasioni Jul 7, 2025
The AUD/USD pair extended its decline for a third straight session, accelerating losses early Monday by nearly 1% during Asian and early European trading, and sliding to its lowest level in almost two weeks after briefly dipping below the…
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Technical Outlook

GOLD – Bullish bias holds above $3325, supported by U.S. fiscal uncertainty

Ahmad Elbasioni Jul 4, 2025
Gold edged higher on Friday morning, recovering part of the losses triggered by the post-NFP reaction. The metal remains on course for a weekly gain after two consecutive weeks in the red, reinforcing the positive outlook as prices stay…
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Technical Outlook

Sterling plunges amid escalating political turmoil in the UK

Ahmad Elbasioni Jul 2, 2025
The British pound weakened sharply across the board on Wednesday, following renewed political instability in the UK. The sell-off was triggered by a major setback to Finance Minister Rachel Reeves’ budget proposal, after significant…
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Technical Outlook

Dollar index – Bears Hold Ground Above Multi-Month Lows as Markets Brace for Key U.S. Jobs Data

Ahmad Elbasioni Jul 2, 2025
The U.S. Dollar Index edged slightly higher on Wednesday after hitting a fresh 3.5-year low, supported by a surprise jump in the JOLTS job openings report, which improved short-term sentiment and triggered some profit-taking. However, the…
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Technical Outlook

GOLD – New Rally Offers Temporary Relief and Lifts Market Optimism

Ahmad Elbasioni Jul 1, 2025
The rebound from the June 30 low of $3,246 extended into a second straight session on Tuesday, gaining momentum and retracing over 50% of the two-week decline. The move was supported by a weaker U.S. dollar amid renewed tariff uncertainty,…
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Technical Outlook

USD/JPY – Bearish Momentum Intensifies

Ahmad Elbasioni Jul 1, 2025
The USD/JPY extended its decline on Tuesday, breaking below the 143.00 level after violating key Fibonacci support at 143.23 (61.8% retracement of the 139.88–148.64 rally). The downtrend from the June 23 spike high of 148.02 remains firmly…
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