David Song

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EUR/USD Halts Three-Day Selloff to Keep RSI Out of Oversold Territory

EUR/USD halts a three-day selloff to keep the Relative Strength Index (RSI) out of oversold territory.

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By : David Song
January 3, 2025 07:30 PM
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USD/CAD Rebound Pushes RSI Back Towards Overbought Zone

USD/CAD extends the rebound from the weekly low (1.4338) to push the Relative strength Index (RSI) back towards overbought territory.

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By : David Song
January 2, 2025 09:32 PM

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British Pound Forecast: GBP/USD Pushes Below May Low to Eye 2024 Low

GBP/USD trades below the May low (1.2446) as it extends the decline from earlier this week.

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By : David Song
January 2, 2025 06:55 PM
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AUD/USD Vulnerable to Change in RBA Policy

AUD/USD holds below pre-US election rates as trades at its lowest level since 2022.

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By : David Song
December 31, 2024 04:30 PM
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US Economy Proves Stronger-Than-Expected in 2024

The US economy performed better-than-expected in 2024, with the International Monetary Fund (IMF) upgrading its growth forecast for the region.

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By : David Song
December 29, 2024 12:00 PM
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US Dollar Forecast: EUR/USD Defends Yearly Low to Keep RSI Above 30

EUR/USD appears to be defending the yearly low (1.0333) as it rebounds from a fresh monthly low (1.0343).

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By : David Song
December 20, 2024 03:45 PM
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GBP/USD Holds Below Pre-Fed Levels Even as BoE Keeps Bank Rate Steady

GBP/USD struggles to retrace the decline following the Federal Reserve interest rate decision even as the Bank of England (BoE) keeps the Bank Rate at 4.75%.

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By : David Song
December 19, 2024 02:56 PM
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USD/JPY Rallies as Fed Forecasts Less Rate-Cuts for 2025

USD/JPY rallies to a fresh monthly high (154.64) even as the Federal Reserve implements a 25bp rate-cut at its last meeting for 2024.

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By : David Song
December 18, 2024 09:00 PM
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US Dollar Forecast: AUD/USD Approaches November 2023 Low

AUD/USD approaches the November 2023 low (0.6318) as it gives back the advance from the start of the week.

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By : David Song
December 17, 2024 08:45 PM
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USD/CAD Pullback Keeps RSI Below Overbought Territory

USD/CAD pulls back from a fresh yearly high (1.4271) to keep the Relative Strength Index (RSI) below overbought territory

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By : David Song
December 16, 2024 05:00 PM
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US Dollar Forecast: EUR/USD Attempts to Halt Five-Day Selloff

EUR/USD attempts to halt a five-day selloff as it recovers from a fresh monthly low (1.0453).

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By : David Song
December 15, 2024 04:00 AM
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USD/JPY Stages Five-Day Rally for First Time Since June

USD/JPY climbs to a fresh monthly high (153.75) as it stages a five-day rally for the first time since June.

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By : David Song
December 13, 2024 06:00 PM
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Gold Price Forecast: Bullion Remains Below Pre-US Election Prices

Gold continues to hold below pre-US election prices as it gives back the advance from the start of the week.

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By : David Song
December 12, 2024 09:00 PM

Canadian Dollar Forecast: USD/CAD Climbs to Fresh Yearly High

USD/CAD trades to a fresh yearly high (1.4200) as it retraces the decline following the Bank of Canada (BoC) meeting.

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By : David Song
December 12, 2024 06:10 PM