David Song
David Song
Strategist
Expertise: Macroeconomics, Technical Analysis
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British Pound Forecast: GBP/USD Grinds Toward Channel Support
GBP/USD grinds towards channel support following the failed attempt to test the November high (1.3048).
Euro Forecast: EUR/USD Cup-and-Handle Formation Takes Shape
The opening range for April is in focus for EUR/USD as a cup-and-handle formation seems to be taking shape.
Gold Price Rally Pushes RSI Back into Overbought Territory
The price of gold stages a four-week rally as it climbs to a fresh record high ($3087).
Australian Dollar Forecast: AUD/USD Coils Ahead of RBA Rate Decision
AUD/USD seems to be tracking the flattening slope in the 50-Day SMA (0.6297) as it still trades within the February range.
US Dollar Forecast: USD/CHF Descending Channel Remains Intact
USD/CHF may struggle to retain the rebound from the monthly low (0.8756) as the descending channel from earlier this year remains intact.
Canadian Dollar Forecast: USD/CAD Continues to Coil with More Trump Tariffs on Tap
The ongoing shift in US trade policy may spark increased volatility in USD/CAD as President Donald Trump plans to impose reciprocal as well as auto tariffs on April 2.
US Dollar Forecast: Bearish EUR/USD Price Series Persists
EUR/USD declines for the sixth consecutive day as it extends the series of lower highs and lows from last week.
USD/JPY Pulls Back Ahead of Monthly High with US PCE in Focus
USD/JPY no longer carves a series of higher highs and lows as it pulls back ahead of the monthly high (151.31).
Gold Price Halts Decline from Record High Ahead of Trump Tariffs
The recent weakness in the price of gold may turn out to be temporary as it halts the decline from the record high ($3058).
British Pound Forecast: GBP/USD Coils with UK CPI on Tap
GBP/USD seems to be coiling within a narrow range after failing to test the November high (1.3048).
AUD/USD Halts Four-Day Selloff Ahead of Australia CPI
AUD/USD may consolidate over the remainder of the month as it halts a four-day selloff.