setups

The price of silver, symbolized by #XAGUSD at 24.435, has stayed stagnant after confirming a bearish chart pattern known as a rising wedge that emerged a week ago. According to the viewpoint of @nehcap, it is anticipated that there will be more decline in the price.

The USDCHF currency pair holds steady at 0.8832, showing little change from the previous level of 0.88310, as investors await a significant event in the United States.

The USDCAD currency pair remains relatively stable at 1.3510 as the Asian trading session starts, even though the US Dollar has strengthened against most major G10 currencies.

The GBPUSD currency pair, currently trading at 1.26700, has seen an increase in buying activity to recover from its first daily loss in four days. This recovery is likely in preparation for a weekly gain. The viewpoint from @nehcap suggests that a temporary decline in price is anticipated.

The NZDUSD pair is having difficulty determining its next move as it approaches the crucial US data release.

The EURUSD exchange rate stands at 1.08433, with US PCE inflation meeting expectations but indicating a slight increase. Additionally, the number of Initial Jobless Claims is lower than anticipated, making the Federal Reserve's interest rate decision more complicated.

The AUDUSD pair is facing difficulties as it attempts to achieve its first weekly gain in seven weeks at a price of 0.64844.

The XAUUSD pair experienced small declines on Thursday, trading close to the $1,940 level.

The bulls were unable to protect the 20-day SMA, resulting in a decline of the EURGBP cross rate to approximately 0.8555.

The currency pair USDMXN, currently trading at 17.0400, is hovering around 17.00, marking a significant increase from its lowest point of the day at 16.7083. This rise can be attributed to month-end transactions and a combination of US economic data that is neither entirely positive nor negative, ultimately benefiting the US dollar.