Daily Analysis by zForex Research Team - 07.02.2024 Yuan Climbs to Seven-Month High as PBOC Signals Readiness for Depreciation The Chinese yuan has risen above 7.30 against the US dollar, reaching its highest point in more than seven months amid ...

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Gold Analysis by zForex Research Team - 07.01.2024 Gold Faces Initial Support at 2317 For gold, the first support is at 2317, with subsequent levels to monitor at 2297 and 2280 respectively if this level is breached. On the upside, the first ...

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EUR/USD Analysis by zForex Research Team - 07.01.2024 EUR/USD Opens with Upward Gap Amid French Election News Due to the news flow related to the elections in France, the EUR/USD pair started the week with an upward gap. The first resistance level ...

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Daily Analysis by zForex Research Team - 07.01.2024 Market Review: Euro Gains Pressure Dollar Amid French Election Results and US Inflation Data The offshore Chinese yuan fell below 7.30 per dollar, nearing its lowest point in over seven months, ...

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Gold Analysis by zForex Research Team - 06.28.2024 Head and Shoulders Pattern in Gold: 2332 Key Support Level The price of gold continues to display a head and shoulders pattern on its daily chart, suggesting a potential reversal and continuous ...

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EUR/USD Analysis by zForex Research Team - 06.28.2024 EUR/USD Stalls Near Resistance at 1.0730 EUR/USD: The currency pair remains directionless within a price range after encountering resistance at 1.0730 and is currently hovering near the support ...

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Daily Analysis by zForex Research Team - 06.28.2024 Global Markets React to Political Uncertainty and Inflation Data: Euro Declines, Dollar Surges, and Commodity Prices Rise The euro is on track for its largest monthly drop since January, impacted ...

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Gold Analysis by zForex Research Team - 06.27.2024 Gold Price Tests 2332 Support Amid Uncertain Movements The price of gold is displaying a head and shoulders pattern on its daily chart, suggesting a potential reversal. However, further confirmation ...

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EUR/USD Analysis by zForex Research Team - 06.27.2024 Potential Decline for EUR/USD Below Key Support at 1.0680 EUR/USD: The currency pair has settled back into a price range after encountering resistance at 1.0730 and is currently hovering near the ...

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Daily Analysis by zForex Research Team - 06.27.2024 Fed's Inflation Outlook Key as Dollar Pulls Back The dollar has edged lower after reaching its highest level in two months against a basket of currencies. This movement comes in anticipation of US ...

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Gold Analysis by zForex Research Team - 06.26.2024 Gold Awaits Confirmation for Potential Reversal The price of gold is displaying a head and shoulders pattern on its daily chart, suggesting a potential reversal. However, further confirmation from ...

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EUR/USD Analysis by zForex Research Team - 06.26.2024 EURUSD Tests Support, Eyes Further Dip to 1.0665 The EURUSD pair has returned to a price range after hitting the resistance area at 1.0730 and is now near the support level of around 1.0680. If ...

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Daily Analysis by zForex Research Team - 06.26.2024 Inflation Surges, Rate Hikes, and Political Pressures Shake Up Forex Markets In May, Australian inflation surged to a six-month high, leading traders to consider the possibility of a rate hike, ...

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Gold Analysis by zForex Research Team - 06.25.2024 Gold Exhibits Head and Shoulders Pattern, Signaling Potential Reversal The price of gold is displaying a head and shoulders pattern on its daily chart, suggesting a potential reversal. However, ...

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EUR/USD Analysis by zForex Research Team - 06.25.2024 EUR/USD Reversal Validates with Potential Breakout Above 1.0730 EUR/USD: The pair's reversal pattern has been confirmed, with the price reaching the 1.0730 resistance area. A potential breakout ...

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Daily Analysis by zForex Research Team - 06.25.2024 Investors Cautiously Await Key Economic Data as Geopolitical Tensions Simmer The dollar index remained below 105.5 on Tuesday, reflecting a 0.3% decline from the previous session, as investors ...

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Gold Analysis by zForex Research Team - 06.24.2024 Gold Shows a Head and Shoulders Pattern with the Next Support at 2332 The price of gold is showing a head and shoulders pattern on its daily chart, which indicates a possible reversal, but further ...

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EUR/USD Analysis by zForex Research Team - 06.24.2024 EUR/USD Forms Double Bottom, Eyes Resistance at 1.0730 EUR/USD: A double bottom pattern is forming after searching the level 1.0680 support level. The next resistance level is at around the ...

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Daily Analysis by zForex Research Team - 06.24.2024 Market Review: Euro Faces Pressure Amid French Election Uncertainty and Fiscal Concerns The Dollar advanced to its highest level since May 9 following the release of Friday's flash PMI data, which ...

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Gold Analysis by zForex Research Team - 06.14.2024 Gold Faces Resistance at 2320, Key Support at 2296 The first resistance level for gold stands at 2320. Beyond this point, sequential resistance levels would be at 2342 and 2355. On the downside, the ...

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