Gold is going up because demand has come back. I expect it to rise until it shows lack of demand on short term.
BTC NEW daily Time frame update. BTC seems to enter a new green time frame trend for the low time frame. This time frame expects shows for the low time frame green view for BTCUSD. This is not a long-term view but a low-time frame daily view which could change when the trend gains a new range. BTCUSDT changes with time frames UP and DOWN the key is to be...
Gold is gradually recovering, maintaining stable gains throughout the morning session of European trading on Thursday, nearing the $2,330 threshold. Prices are expected to test the 0.5-0.618 Fibonacci area. However, traders may prefer to wait for further signals regarding the Federal Reserve's interest rate reduction trajectory before betting on a positive direction.
EUR/USD responded to new demand and rose to 1.0750 in the European trading session on Thursday. From a technical perspective, a positive signal is emerging as EUR/USD may be forming aa cup and handle. In this scenario, the expectation is for the price to continue rising to the first resistance level at 1.0727, followed by the psychological milestone of 1.0885.
AUD/CHF has made a significant move, smashing through a crucial daily horizontal resistance level. What's intriguing is how this broken barrier has now transformed into a sturdy support zone. This shift in dynamics suggests a potential green light for further upward momentum in the market. Picture it like this: the bulls have bulldozed through a major obstacle,...
In the world of trading, liquidity refers to the ease with which an asset can be bought or sold without significantly affecting its price. When a particular price level is tested multiple times, it indicates that there's a significant amount of buying and selling interest at that level. This creates what we call a liquidity zone - a sort of hotspot for trading...
GBP/JPY Analysis Hits the Mark, But a Few Pips Remain: Exciting News to Share! Hey Traders! 📈🔍 Our analysis on GBP/JPY has been spot-on, leading us to some impressive gains. 🎯💰 However, there's still some potential left on the table - a few pips that could make all the difference. 🚀💼 It's an exciting time to be in the market, and I couldn't wait to share this...
USD/JPY is currently at its highest level in decades, at 155.00. This has traders concerned about the risks of Japan's intervention in the forex market. The strong recovery of the US dollar (USD) is also driving the USD/JPY higher. From a technical perspective, the market is stable but showing signs of correction. Prices are expected to retreat to the 0.5-0.618...
"Exciting Update: Our AUD/CHF Analysis Nails It! Team, I'm thrilled to announce that our AUD/CHF analysis has hit its target spot-on! 🎯✨ The market responded just as we predicted, bringing us closer to achieving our goals. This success is a testament to our meticulous analysis and strategic approach. It's moments like these that highlight the power of our...
🚀 Success Alert! NZDJPY Analysis Hits Target! 🎯 Exciting news, traders! Our NZDJPY analysis has hit its target successfully! 📈✨ Our buy position at 90.900 has seen fantastic progress, with the market reaching and surpassing the target at 91.600. It's a testament to the strength of our analysis and the opportunities it presents. But the journey isn't over yet!...
USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
The price of gold experienced a modest decline towards the end of Tuesday's trading session in the U.S. after reaching a high of 2,334 USD. During the Asian trading session the following day, XAUUSD continued to drop to 2,323 USD, marking a decrease of 0.11%. Despite the weakening of the U.S. dollar following the release of weaker-than-expected U.S. PMI data, gold...
The EUR/USD market is stabilizing around the 1.0700 level after a positive day on Tuesday. However, PMI data from the US dampened the value of the US dollar that day, pushing up the EUR/USD price. At the beginning of Wednesday, the market showed more caution and supported the USD, posing challenges to the rise of EUR/USD. However, despite the market's caution,...
In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
In the Tuesday trading session in the U.S., Gold slipped as it dropped to the crucial support level of 2,300 USD, but quickly found stability thereafter. The recovery of gold prices coincided with the weakening of the U.S. dollar after the PMI data for the United States was announced weaker than expected. From a technical standpoint, looking at the chart, gold is...
EUR/USD has experienced a significant momentum shift, surging above the 1.0650 level at the start of the European trading session. The short-term technical outlook for this currency pair indicates a gathering momentum for recovery. On the 4-hour chart, we observe the price closing above both the 20-period and 50-period Simple Moving Averages (SMAs), along with...
Gold extended its downward momentum at the start of Tuesday's Asian trading session, dropping to 2,300, down more than 2% from Monday. The decline seemed somewhat contained due to speculation that major central banks would cut interest rates later this year. From a technical standpoint, this sharp decline has brought gold prices to touch the simple moving...