Economies.com
2025-02-06 04:09AM UTC
The USDCAD price managed to touch our waited target at 1.4268$ and found solid support there, to show some slight bullish bias, affected by stochastic positivity, noticing that the indicator is losing its positive momentum gradually, waiting to provide negative motive that push the price to break the mentioned level and open the way to achieve more bearish correction in the upcoming period, reminding you that the next target reaches 1.4106$.
The negative pressure formed by the EMA50 supports the suggested bearish wave, taking into consideration that the consolidation of 1.4268$ level against the negative attempts will push the price to achieve intraday gains and test the key resistance 1.4470$ before any new attempt to decline.
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The USDJPY price hits the new target – Forecast today – 06-02-2025
Economies.com
2025-02-06 04:09AM UTC
The USDJPY price succeeded to touch our waited target at 152.55, and begins today with new decline to break this level and open the way to achieve more bearish correction, on its way to visit 151.05 as a next negative target.
Therefore, we expect the continuation of the bearish bias on the intraday and short-term basis, affected by the completion of the double top pattern that its signs appear on the chart, noting that breaching 152.55 will push the price to test the key resistance formed at 153.75 before any new attempt to decline.
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The GBPUSD price achieves more gains – Forecast today – 06-02-2025
Economies.com
2025-02-06 04:09AM UTC
The GBPUSD price surpassed 1.2500$ barrier and settles above it, which supports the expectations of continuing the correctional bullish trend, and the way is open to test 1.2605$ that represents 38.2% Fibonacci correction for the entire decline from 1.3434$ to 1.2100$.
The EMA50 continues to support the suggested bullish wave, noting that breaking 1.2415$ will stop the positive scenario and push the price to resume the main bearish trend again.
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The EURUSD price reaches the target – Forecast today – 06-02-2025
Economies.com
2025-02-06 04:06AM UTC
The EURUSD price rebounds bearishly after reaching few pips away from our waited target at 1.0455$, to approach retesting the breached resistance that turns into minor support now at 1.0380$, noticing that stochastic begins to get rid of its negative momentum gradually, waiting to motivate the price to resume the positive trades in the upcoming sessions.
Therefore, we are waiting for new bullish bias today, and the price needs to breach 1.0455$ to open the way to achieve additional bullish correction that its next target reaches 1.0600$, noting that breaking 1.0380$ followed by 1.0325$ levels will stop the expected rise and push the price to decline again.
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