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Ahmad Elbasioni 472 posts 0 comments

Technical Outlook

AUD/USD – Recovery Faces Strong Headwinds at Initial Fibonacci Resistance

Ahmad Elbasioni Jul 7, 2026
a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } AUD/USD traded in a narrow range on Tuesday, forming a Doji candle that signals…
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Technical Outlook

GBP/USD – Recovery Meets Strong Resistance Near the Key 1.3400 Barrier

Ahmad Elbasioni Jul 6, 2026
Cable remains confined to a narrow trading range for a second straight session following last week’s 1% rally, which completed a bullish reversal pattern on the weekly chart. The broader pullback from 1.3869 was successfully contained by…
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Technical Outlook

USD/JPY – Uptrend Resumes After Limited Correction, Focus Returns to Long-Term Peak

Ahmad Elbasioni Jul 6, 2026
USD/JPY surged in early Monday trading, putting the pair on track to fully retrace last week’s pullback from 162.84 to 160.47. The decline appeared to be a healthy correction within the broader uptrend, finding support at the 23.6%…
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Technical Outlook

EUR/GBP – Broader Bearish Trend Poised for a Pause

Ahmad Elbasioni Jul 3, 2026
a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } EUR/GBP edged higher on Friday after a sharp three-day selloff failed to deliver…
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Economy

Eurozone Inflation Slows More Than Expected in June, Reducing Pressure on ECB to Tighten Policy…

Ahmad Elbasioni Jul 1, 2026
Eurozone inflation slowed more than expected in June, with headline CPI easing to 2.8% from 3.2% in May, below forecasts of 3.0%. Core inflation, which strips out volatile food and energy prices, also cooled to 2.4% from 2.6%,…
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Technical Outlook

EUR/USD Recovery Stalls Below 10-DMA as ECB Rate-Hike Expectations Fade

Ahmad Elbasioni Jun 30, 2026
EUR/USD's recovery from the 2026 low of 1.1324, recorded last week, has started to fade as stronger inflation readings across several major Eurozone economies eased expectations for additional ECB rate hikes. Investors are awaiting the…
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Technical Outlook

Japan’s Yen Slides to a Four-Decade Low as Authorities Refrain from Intervention Despite Firm…

Ahmad Elbasioni Jun 30, 2026
a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } The Japanese yen remains under pressure against the U.S. dollar, with the…
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Technical Outlook

BTCUSD – 60K Hurdle Caps Rebounds, Keeping Downside Pressure Intact

Ahmad Elbasioni Jun 29, 2026
a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } BTCUSD has slipped back below the 60,000 threshold after another failed attempt…
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Technical Outlook

USD Index – Modest Pullback Likely Before Renewed Upside Momentum

Ahmad Elbasioni Jun 29, 2026
a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } The dollar continues to ease gradually after reaching a fresh one-year high,…
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Technical Outlook

GOLD – Selling Pressure Eases Near Critical $4,000 Support

Ahmad Elbasioni Jun 26, 2026
a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } Gold edged higher on Friday after repeatedly failing to break decisively below…
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