Today, USDJPY remains stationary, continuing its sideways movement with little reaction to market news. Currently, the pair is in a consolidation phase, and the 4-hour chart indicates a blocked bullish momentum, lacking the drive to surpass record highs. I'm not inclined towards favoring any direction and will wait for the pair to breach either a resistance or...
As I watch the price action I am seeing a lot of fighting between the bears and bulls and we could see price change direction and go bullish on GU for a moment.
In the European session on Thursday, the USD/JPY pair continued to experience a period of weakness. The subdued outlook from the Bank of Japan (BoJ), with predictions of continued monetary policy easing in the near future, coupled with inflationary risks, are the primary factors contributing to the weakening of the Japanese yen. This suggests that despite...
Hey GBPUSD traders! What's your take today—buy or sell GBPUSD? The pair recently saw a gentle recovery, reaching 1.257, marking its best rebound in a week. Yet, GBPUSD's recovery may hit a few roadblocks ahead. The downtrend still dominates, with trading below the EMA 34 and 89 lines signaling caution for buyers. Moreover, the pair's retreat to the perfect 0.618...
In the context of the weakening US dollar (USD), the Euro has begun to recover and rise again. The decline of the US dollar has created favorable conditions for the Euro, leading many investors to shift their focus towards the Euro currency. On the 4-hour chart, the Relative Strength Index (RSI) has increased to the 67 level, indicating the strength of the upward...
Hello EURUSD traders! Today, we're seeing a modest rebound in EURUSD to 1.0777, but it's still wrapped in the characteristics of a downward trend. Analysis of the charts indicates a continued decline as it breaks away from an ascending trendline. Furthermore, the convergence of the EMA 34 and 89 seems to favor the sellers. According to Dow Theory, this pair is...
Gold continues to rise, touching the record high of 2300 USD at the start of the Asian session on Thursday after the ISM Services PMI data came in lower than expected, predicting that the Federal Reserve will undergo a rate cut. Looking at the 4-hour chart, we can see that the RSI indicator is in overbought territory, indicating the possibility of further price...
Hello, everyone! Today, gold has once again hit an impressive rise, trading over the lofty level of $2,183 in the early hours of Wednesday, marking a $25 increase from the same time yesterday. This surge brought gold to a new peak as traders flock to the precious metal as a safe haven amid escalating tensions in the Middle East, largely overlooking a stronger US...
Hey folks, quick update on the gold scene for you. This past Wednesday marked another record-breaking day for gold (XAU/USD), hitting an all-time high around $2282. Pretty solid, right? Amidst the ongoing geopolitical tensions, from the Russia-Ukraine conflict to unrest in the Middle East and the recent quake in Taiwan, investors are leaning heavily towards gold...
Hello everyone, let's dive into the intriguing performance of gold recently. XAU/USD is consolidating after leaping to a new all-time high around $2270 in Wednesday's trading session. This primarily stems from the ongoing geopolitical risks from the Russia-Ukraine conflict and tensions in the Middle East, leading investors to shift their focus towards safer...
Gold continued its ascent on Tuesday, pushing XAU/USD to a new high of 2276.90 in the US trading session. However, the US Dollar experienced a slight decline early in the session and lost further ground after Wall Street opened, despite generally optimistic US economic data and relatively uninspiring US economic indicators. As the trading session shifted to Asia,...
Title: "Analyzing AUD/JPY: Inverse Head and Shoulders Formation with Bullish M Pattern on 4-Hour Chart" In the recent analysis of the AUD/JPY currency pair, a notable technical pattern has emerged on the 4-hour chart, presenting potential trading opportunities: 1. **Inverse Head and Shoulders Pattern (H&S):** - The chart displays an inverse head and shoulders...
Following our previous Gold analysis, now we can see, that the resistance trendline has been broken. Currently XAUUSD has pulled back significantly, which we believe is a very good price for the buyers.
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 84.90 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 84.90 support and resistance area. Trade safe, Joe.
The price of Bitcoin remains stable but is facing challenges due to pressure from a strong US Dollar amidst investor uncertainty about whether the US will change interest rates, especially ahead of key labor market data to be released this week. Technical analysis on the 4-hour chart shows that the price of Bitcoin is currently below the moving averages SMA 20,...
The GBP/USD pair has shown signs of recovery and maintained stability near the 1.2580 level at the start of the European trading session on Wednesday. Based on technical analysis, on the 4-hour chart, the Relative Strength Index (RSI) continues to remain below 50, indicating ongoing selling pressure. Furthermore, the pair is currently trading below the simple...
Based on technical analysis, the USD/JPY market is currently in a phase of consolidating its upward trend. Furthermore, the chart indicates that the oscillation range has not reached overbought levels, suggesting potential further upward movement for this currency pair. Specifically, surpassing the resistance level at 152.00 could pave the way for a breakout...
Yesterday's dip in GBPUSD didn't come as a shocker—it was right within our predictions. The Sterling took a hit during the North American trading session, buffeted by the US's robust economic data that might sway the Federal Reserve away from cutting interest rates. This situation bolstered the US dollar as soaring US Treasury yields put a damper on the Cable's...