Daily Price Outlook

- USD/CAD remains bullish above $1.44097, with resistance at $1.44735 and $1.45426.

- Support at $1.43537 is critical; a break below could push the pair toward $1.43003 and $1.42409.

- Traders favor buying above $1.44097, with a target at $1.44739 and a stop loss at $1.43773.

The USD/CAD pair is trading at $1.44456, edging up 0.03% as buyers maintain control above the $1.44097 pivot point. The pair remains in an uptrend, bolstered by a weaker Canadian dollar and sustained strength in the U.S. dollar.

The 50-day EMA at $1.43654 is providing strong dynamic support, reinforcing bullish momentum. If USD/CAD continues higher, immediate resistance is seen at $1.44735, followed by $1.45426 and $1.45986, signaling further upside potential.

On the downside, support at $1.43537 remains critical—losing this level could push the pair toward $1.43003, with further declines targeting $1.42409. However, as long as USD/CAD holds above the $1.44097 pivot point, the short-term trend favors buyers.

From a trading perspective, a buy entry above $1.44097 is favored, targeting $1.44739, with a stop loss at $1.43773. Key drivers include Fed rate expectations, oil price fluctuations, and overall risk sentiment in global markets.

USD/CAD - Trade Ideas

Entry Price – Buy Above 1.44097

Take Profit – 1.44739

Stop Loss – 1.43773

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$642/ -$324

Profit & Loss Per Mini Lot = +$64/ -$32

Daily Price Outlook

- Gold consolidates near $2,913, holding above the 50-day EMA, signaling a bullish bias.

- A breakout above $2,929 could trigger further upside toward $2,942 and $2,954.

- Buy above $2,913 with targets at $2,930 and a stop-loss at $2,905.

Gold prices are holding steady at $2,913.19, reflecting a marginal decline amid cautious market sentiment. The metal has struggled to break above key resistance, with technical indicators suggesting a near-term consolidation phase before a potential breakout.

The pivot point at $2,902.47 is acting as a crucial intraday level, offering a strong base of support. Immediate resistance is identified at $2,929.94, with further hurdles at $2,942.57 and $2,954.43.

If bullish momentum builds, gold could challenge these levels, signaling a continuation of its uptrend. Conversely, support is firm at $2,884.54, with further downside protection at $2,872.63 and $2,858.99. A break below these levels may trigger a deeper correction.

From a technical perspective, gold remains above its 50-day EMA at $2,913.19, reinforcing the bullish trend. However, price action near this level suggests a tug-of-war between buyers and sellers, with the market awaiting a catalyst for directional movement.

If gold sustains a move above $2,913, bullish momentum could push prices toward $2,930, while a failure to hold this level may lead to a test of lower supports.

In conclusion, gold’s near-term trajectory hinges on its ability to maintain support above $2,913. A buy position above $2,913 remains favorable, targeting $2,930, with a stop-loss at $2,905 to mitigate downside risk.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2913

Take Profit – 2930

Stop Loss – 2905

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1700/ -$800

Profit & Loss Per Mini Lot = +$170/ -$80

Daily Price Outlook

- EUR/USD holding above 50-day EMA ($1.07483), maintaining an overall bullish bias.

- Breakout above $1.08855 could open the door for $1.09312 and $1.09686.

- A drop below $1.07658 could trigger declines toward $1.07164 and $1.06579.

The EUR/USD pair remains in a tight consolidation phase, hovering around $1.08338 after a recent pullback from its highs. The pair is struggling to gain significant bullish traction but remains supported above the 50-day EMA at $1.07483, reinforcing the broader uptrend.

On the upside, the first key resistance is at $1.08855, which aligns with recent highs. A decisive breakout above this level could trigger further gains toward $1.09312, followed by $1.09686, where sellers may emerge. However, failure to clear these levels could lead to renewed selling pressure.

On the downside, immediate support lies at $1.07658, aligning with last week's lows. If this level gives way, EUR/USD could retest the next key supports at $1.07164 and $1.06579. A break below these zones would expose the pair to further downside risk, potentially targeting the 200-day EMA near $1.0562.

Fundamentally, traders remain cautious ahead of key U.S. inflation data, which could influence Federal Reserve rate expectations.

A stronger-than-expected CPI report may bolster the U.S. dollar, pressuring EUR/USD lower, while weaker data could fuel expectations of an earlier Fed rate cut, supporting further upside in the pair.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.08266

Take Profit – 1.08960

Stop Loss – 1.07867

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$694/ -$399

Profit & Loss Per Mini Lot = +$69/ -$39

Daily Price Outlook

- GBP/USD faces key resistance at $1.30286; a breakout could lead to $1.30893 and $1.31531.

- Immediate support at $1.28691; a break below could push the pair toward $1.28031 and $1.27444.

- 50-day EMA ($1.27504) remains a critical support level, maintaining the overall uptrend.

The GBP/USD pair remains in a steady uptrend but is showing signs of consolidation after failing to break above $1.29446, the pivot point level.

The pair is currently trading around $1.29131, hovering near key technical levels as traders assess broader market conditions.

On the upside, immediate resistance stands at $1.30286, with a break above this level potentially driving the pair toward $1.30893 and $1.31531, where sellers may emerge.

However, the pair is struggling to sustain upward momentum, and without a decisive breakout, further upside may remain limited in the short term.

Conversely, immediate support is found at $1.28691, aligning with recent pullback levels. A break below this could open the door for a decline toward $1.28031 and potentially $1.27444, where buyers may attempt to re-enter the market.

The 50-day EMA at $1.27504 serves as a critical dynamic support level, reinforcing the overall uptrend.

Fundamentally, traders remain cautious ahead of key U.S. inflation data, which could shift expectations on Federal Reserve rate cuts.

A stronger-than-expected CPI report may boost the U.S. dollar, putting pressure on GBP/USD, while weaker inflation data could reignite buying interest in the pound.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.29437

Take Profit – 1.28664

Stop Loss – 1.29871

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$773/ -$434

Profit & Loss Per Mini Lot = +$77/ -$43

Daily Price Outlook

- S&P 500 remains below 5762.50, indicating near-term downside pressure.

- Break below 5680.36 could accelerate selling toward 5616.83 and 5558.78.

- Reclaiming 5762.50 may shift sentiment bullish, with targets at 5861.08 and 5938.02.

The S&P 500 (SPX) is trading at 5738.53, maintaining a cautious stance as investors assess market conditions ahead of key economic data. The index remains below its pivot point at 5762.50, signaling a potential downside bias.

Immediate support is located at 5680.36, with further declines potentially targeting 5616.83 and 5558.78 if selling pressure intensifies.

On the upside, resistance is seen at 5861.08, with a break above this level opening the door for a move toward 5938.02 and 6007.97.

However, the 50-day EMA at 5944.00 suggests that bulls may struggle to reclaim control unless broader market sentiment improves.

The technical outlook remains bearish as long as the index stays below 5762.50, reinforcing the risk of further downside.

A decisive break below 5680.36 could accelerate selling, pushing SPX toward deeper support zones.

Conversely, a move above 5762.50 may shift momentum in favor of buyers, with potential for an upside retracement.

S&P 500 - Trade Ideas

Entry Price – Sell Below 5762

Take Profit – 5679

Stop Loss – 5826

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$830/ -$640

Profit & Loss Per Mini Lot = +$83/ -$64

Daily Price Outlook

- Gold holds above $2,905.47, maintaining a bullish bias ahead of key U.S. jobs data.

- Breakout above $2,929.94 could push gold toward $2,954.43, reinforcing upside potential.

- Failure to sustain above $2,905.47 may expose gold to downside risk, with key support at $2,884.75 and $2,872.63.

Gold (XAU/USD) is trading at $2,912.07, maintaining a narrow range as investors assess key economic data. The metal remains above its pivot point at $2,905.47, signaling a potential bullish bias.

However, upside momentum faces resistance at $2,929.94, with additional hurdles at $2,942.57 and $2,954.43. A breakout above these levels could open the door for further gains, particularly if economic uncertainty persists.

On the downside, immediate support sits at $2,884.75, with deeper levels at $2,872.63 and $2,858.99. A breach below $2,905.47 could accelerate selling pressure, shifting sentiment toward a more bearish outlook.

The 50-day EMA at $2,904.74 is providing dynamic support, reinforcing the case for buyers in the market. Gold’s ability to hold above this level is crucial for maintaining its upward momentum.

A strong Nonfarm Payrolls (NFP) report on Friday could pressure gold lower, strengthening the U.S. dollar and diminishing gold’s appeal. Conversely, a weaker-than-expected jobs report would likely boost expectations of Federal Reserve rate cuts, supporting gold prices.

Traders should watch for a sustained move above $2,929.94 to confirm further upside potential, while failure to hold above $2,905.47 may lead to a test of lower support levels.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2905

Take Profit – 2925

Stop Loss – 2895

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2000/ -$1000

Profit & Loss Per Mini Lot = +$200/ -$100

Daily Price Outlook

- EUR/USD holds above $1.07640, maintaining a cautiously bullish outlook ahead of key U.S. jobs data.

- A breakout above $1.08521 could drive the pair toward $1.09022 and $1.09497, reinforcing upside potential.

- Failure to sustain above $1.07640 may expose EUR/USD to a decline toward $1.07100 and $1.06579.

The EUR/USD pair is trading at $1.08178, holding steady as markets digest economic data and central bank signals. The pair remains above its pivot point at $1.07640, indicating near-term bullish sentiment, though gains are limited by key resistance at $1.08521.

A sustained breakout above this level could push the pair toward $1.09022, with the next target at $1.09497.

On the downside, immediate support is seen at $1.07100, with deeper levels at $1.06579 and $1.06049. A move below the pivot point may weaken sentiment, triggering a shift toward a bearish outlook.

The 50-day EMA at $1.06489 is acting as dynamic support, reinforcing buyers' control. The euro’s performance remains tied to expectations surrounding the Federal Reserve and European Central Bank (ECB) policy outlook.

A dovish Fed stance could weaken the dollar, providing support to EUR/USD, while stronger U.S. labor market data may strengthen the greenback, capping further gains in the euro.

Looking ahead, traders will focus on Friday’s U.S. Nonfarm Payrolls (NFP) report, which could set the tone for the Federal Reserve’s next move.

If job growth exceeds expectations, it may fuel speculation of delayed rate cuts, potentially driving EUR/USD lower. Conversely, a weaker labor market print could reinforce Fed easing bets, pushing the pair higher.

A decisive break above $1.08521 would confirm bullish momentum, while a drop below $1.07640 could trigger further downside pressure.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.08049

Take Profit – 1.08900

Stop Loss – 1.07379

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$851/ -$670

Profit & Loss Per Mini Lot = +$85/ -$67

Daily Price Outlook

- Gold remains bullish above $2,907.49, with upside targets at $2,939.51 and $2,956.29.

- The 50-day EMA at $2,905.09 supports the trend, while a drop below $2,884.56 could shift momentum bearish.

- A breakout above $2,939.51 could trigger a rally toward $2,970.29, contingent on economic data and Fed rate expectations.

Gold (XAU/USD) is trading at $2,921.65, reflecting a cautious but steady bullish bias. The metal remains above its pivot point of $2,907.49, signaling that buyers are maintaining control. The 50-day EMA at $2,905.09 continues to act as a dynamic support level, reinforcing the ongoing uptrend.

Immediate resistance is seen at $2,939.51, a level that gold has struggled to break in recent sessions. If buyers push through this barrier, further gains toward $2,956.29 and $2,970.29 could be on the horizon.

A confirmed breakout above these resistance levels may accelerate momentum, targeting fresh highs as traders assess market sentiment.

On the downside, immediate support is at $2,884.56, with additional safety nets at $2,863.79 and $2,844.79. A break below $2,907.49 would weaken the bullish outlook and shift momentum in favor of sellers, increasing the risk of a pullback toward these support levels.

From a broader perspective, gold remains supported by expectations of a Federal Reserve rate cut and trade-related uncertainties.

Market participants are closely monitoring economic data releases, particularly labor market indicators, which could influence Fed policy expectations.A weaker U.S. dollar and softer job data could provide additional fuel for gold’s next leg higher.

For now, traders should watch for confirmation above $2,939.51 to validate continued upside momentum. Failing to hold above $2,907.49 could signal renewed selling pressure, exposing gold to a deeper correction.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2907

Take Profit – 2939

Stop Loss – 2890

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$3200/ -$1700

Profit & Loss Per Mini Lot = +$320/ -$170

Daily Price Outlook

- AUD/USD stays above $0.63386, signaling near-term bullish momentum.

- A breakout above $0.63650 could push prices toward $0.64051 and $0.64452.

- Failure to hold $0.63035 may lead to downside pressure toward $0.62681.

AUD/USD is trading at $0.63392, showing resilience above its pivot point of $0.63386, as traders gauge market sentiment ahead of key U.S. and Australian economic data.

The pair has remained in a tight consolidation phase, but the short-term technical setup suggests a potential breakout if buying pressure intensifies.

The 50-day EMA at $0.62483 provides solid dynamic support, reinforcing the pair’s near-term bullish outlook. Immediate resistance stands at $0.63650, and a decisive break above this level could push AUD/USD toward $0.64051, where further bullish momentum may emerge.

A move past this resistance zone would set up a potential rally toward $0.64452, marking the next key level for traders to monitor.

On the downside, the immediate support level is at $0.63035, followed by $0.62681 and $0.62326. A breakdown below the pivot point could trigger selling pressure, exposing the pair to further declines, particularly if global risk sentiment weakens or the U.S. dollar strengthens on positive data.

Macroeconomic factors remain critical in shaping AUD/USD’s trajectory. The Australian dollar has found support from stabilizing commodity prices and expectations of a less aggressive Federal Reserve stance on interest rates.

However, any surprises in upcoming U.S. employment data or inflation readings could drive volatility in the pair.

For now, traders should watch for a sustained move above $0.63650 as confirmation of renewed bullish strength. A failure to break this resistance could lead to further consolidation, keeping the pair range-bound in the short term.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.63325

Take Profit – 0.63819

Stop Loss – 0.63029

Risk to Reward – 1: 6

Profit & Loss Per Standard Lot = +$494/ -$296

Profit & Loss Per Mini Lot = +$49/ -$29

Daily Price Outlook

- USD/JPY remains bearish below 149.30, with sellers eyeing 148.19 support.

- Break above 150.17 could shift sentiment, targeting 151.20.

- Failure to hold 148.19 may accelerate declines toward 147.43.

USD/JPY is trading at 148.852, edging lower as sellers gain control below the pivot point at 149.326. The pair remains under pressure as market sentiment tilts toward a risk-off environment, and traders assess the outlook for U.S. interest rates and Bank of Japan policy shifts.

Technically, the 50-day EMA at 149.672 acts as a dynamic resistance level, reinforcing the bearish outlook below 149.30. Immediate resistance is set at 150.174, and a break above this level could lead to a test of 151.208 and potentially extend toward 152.128. However, the downward momentum suggests further downside potential if the pair remains below its pivot level.

On the support side, 148.189 serves as immediate protection against deeper declines. If this level breaks, the next targets lie at 147.435 and 146.690, areas where buyers may attempt to stabilize the pair.

For now, a sustained move below 149.30 confirms bearish control, with further losses expected toward 148.19. A rebound above this level could lead to short-term consolidation, but a stronger push beyond 150.17 is required to shift momentum back in favor of buyers. 

USD/JPY - Trade Ideas

Entry Price – Sell Below 149.315

Take Profit – 148.190

Stop Loss – 150.015

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1125/ -$700

Profit & Loss Per Mini Lot = +$112/ -$70