Top Forex Brokers – Forex Weekly news and analysis For February 17 – 23 2025
XAUUSD hit an all-time high, reaching 161.8 Fibonacci after crossing the upper Bollinger line. %R signals overbought conditions.
•If the price breaks above the 2950 level, it could pave the way for a further rise toward 3200.
•If the price bounces off the resistance at 2950, it may initiate a correction down to the 2790 level.
EURUSD broke the global trendline upward after a long-term decline. The price is consolidating at resistance, with the Alligator indicator showing the lips crossing the jaw. The Awesome Oscillator (AO) also signals rising bullish sentiment.
•Consider buying EURUSD only if it consolidates above 1.0490, with targets at 1.0600 and potentially 1.0670.
GBPUSD has broken above the upper trendline of the descending channel, reaching the upper boundary of the Ichimoku cloud. The Tenkan line has also crossed above the Kijun line, signaling potential growth, though a minor correction may occur beforehand.
•Consider buying GBPUSD if it consolidates above 1.2600 and the cloud, with a target of 1.2800.
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