Attention Traders, In today's trading session, we're closely observing USDJPY, pinpointing a potential buying opportunity around the 152.900 zone. USDJPY maintains its uptrend trajectory, currently navigating a correction phase as it approaches the critical 152.900 support and resistance area. Adding depth to our analysis, let's delve into the fundamental...
After CPI numbers came out, Dollar index has sky rocketed. EURUSD has dropped more than 100 pips, from this low 1.0736 I am going in long, targets back to 1.0850 and higher. Stops below 1.07100. Use proper risk management.
Hello,Friends! CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.666 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
After hitting a record high of $2,365/oz on Tuesday, gold prices dipped the next session as the market digested March's hotter-than-expected CPI report, suggesting the Fed might keep interest rates high for longer. Given gold's nature as a non-interest-bearing asset, it struggles in a high-rate environment. Traders are now eyeing the ECB's . Despite expectations...
Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.073. The above observations make me that the market will inevitably achieve 1.077 level. P.S We determine oversold/overbought condition with RSI...
In Wednesday's US trading session, the GBP/USD pair plunged to a two-month low at 1.2520 after the release of CPI inflation data. This increased selling pressure and raised concerns about the UK's economy and monetary policy. Despite some signs of short-term adjustment, GBP/USD continues its downward trend, as evidenced by prices declining towards the Simple...
Please, check our technical outlook for GBPCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.709. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.714 level soon. P.S Please, note that an...
Long-term Analysis of USDJPY: This pair is navigating through the waves of Dow Theory, and for the past several weeks, it seems to be gearing up in an accumulation phase, setting the stage for a potent rally aimed at the Fibonacci extension target of 1.618 (equivalent to 176.500). However, this scenario hinges entirely on breaking through the 152.000 resistance...
In Thursday's trading session, the EUR/USD pair lost momentum, dropping to around 1.0745 due to the CPI inflation data boosting the value of the US Dollar (USD) and exerting pressure on the EUR/USD pair. The decision on interest rates by the European Central Bank (ECB) is expected to maintain stability at record high levels. From a technical standpoint, on the...
Attention Traders, In today's trading session, our sights are set on USDCHF, where a potential buying opportunity looms around the 0.90150 zone. USDCHF currently rides an uptrend but undergoes a corrective phase, edging closer to the pivotal 0.90150 support and resistance juncture. Adding depth to our analysis, the fundamental landscape underscores the bullish...
Gold just took a nosedive, losing $20 in a blink right after the U.S. dropped its latest inflation stats, which were hotter than everyone thought. March saw a 0.4% jump instead of the 0.3% everyone was betting on. This puts the Fed in a bit of a bind, trying to steer the monetary policy ship without tipping it over. With inflation pushing a 12-month rise to 3.5%,...
We all have seen the massive returns on bonk. Just like any other meme coin they are all a gamble. But they are also where big money can be made. Meme coins in general we will never be able to see as massive returns as meme coins can provide when everything is under complete control. I don’t invest a lot into meme coins as it’s not the SMART investment but they...
In Thursday's Asian trading session, EUR/USD pair remained around the 1.0740 level. Following the release of CPI inflation data, the US Dollar (USD) strengthened significantly, exerting pressure on this currency pair. On the 1-hour chart, the Simple Moving Average (SMA) 20 is trending downwards, indicating that the downward trend may continue. This signals a...
On this vibrant Wednesday, the GBPUSD saga continues its recovery streak, gracefully dancing above the 34 and 89 EMA lines. The bullish momentum is back in the spotlight as it flirts with the 0.618 Fibonacci zone, currently pirouetting at the 1.267 mark. Short-term wisdom leans heavily towards buy strategies, eyeing a quick win at the 1.270 peak before wrestling...
Hey there! Let's talk EUR/USD. We're not expecting this currency pair to make any big moves until the US Consumer Price Index (CPI) numbers are released. Everyone's got their eyes peeled to see if the US prices have gone up by 3.4% this March compared to last year, which is way above the Fed's comfy zone of 2.0%. And until those prices cool down a lot more, the...
Greetings, fellow traders! The EURUSD is playing it cool today, not straying far from yesterday's hangout spot. It's like we're all in this zen garden of stability, and it just might stick with us till the day's end and beyond. The Bollinger Bands are kicking back, stretching between the resistance at 1.088 and the support at 1.081, just chilling. At the time of...
Hello,Traders! GOLD is trading in an Uptrend along the rising Support and we are already Seeing a bullish rebound So I think that Gold will Go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
In Wednesday's US trading session, the sharp decline of Gold after reaching a new peak at $2,365 has rendered the market unstable and caused sudden volatility. This was spurred by the release of US Consumer Price Index (CPI) data, generating uncertain signals in the market. However, upon examining the 4-hour time chart, we can still observe signs of maintaining...