Top Forex Brokers – Forex Weekly news and analysis For March 17 – 23, 2025
GBPUSD reached the Fibonacci Golden Pocket, consolidated, and bounced. At the same time, the upper Bollinger line was crossed, and Stochastic came out of the overbought zone.
•On further decline, the targets could be 1.2770 and then 1.2690.
EURUSD hit key resistance, gathered liquidity, and began falling after crossing the upper Bollinger Band. The RSI exited overbought territory, and an imbalance remains below.
•If it drops below 1.0840, the next target will be 1.0680.
XNGUSD formed an ascending channel, dropped to the lower trendline, tested it, and bounced. Meanwhile, the CCI exited oversold territory, and +DI crossed -DI on the ADX.
•Consider buying XNGUSD if it continues rising toward 4.300 and then 4.500.
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