GBP/USD witnessed a significant daily surge on Wednesday, further escalating early Thursday. The pair has comfortably positioned itself above the 1.2600 mark in the European trading session, with technical outlook indicating an upward trajectory ahead. The widespread selling pressure surrounding the US Dollar (USD) has been a catalyst propelling the GBP/USD...
During the first half of the European trading session, the Japanese Yen (JPY) experienced daily declines, reaching its lowest point in over two weeks against the US Dollar (USD). This downward movement was spurred by a significant strengthening of the USD, further supported by remarks from Federal Reserve officials overnight. Technical analysis based on...
The Japanese Yen (JPY) retreated to daily lows in the first half of the European trading session after reaching its highest level against the US Dollar (USD) in over two weeks. This decline could be attributed to further USD buying activity, bolstered by hawkish overnight remarks from Federal Reserve officials. From a technical standpoint, breaking below the...
Please, check our technical outlook for BITCOIN. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 67074. Taking into consideration the structure & trend analysis, I believe that the market will reach 71400 level soon. P.S We determine oversold/overbought...
EUR/USD continues its downward trend since Thursday, edging closer to the 1.0830 threshold during the Asian trading session on Friday. The strength of the USD is still being bolstered by market caution, likely influenced by political tensions in the Middle East. Based on technical analysis, it's evident that the corrective trend of the price is aiming towards the...
The EUR/USD pair continues to experience declines, edging closer to the 1.0830 level during Friday's Asian trading session. Meanwhile, the USD remains stable, supported by market caution, although it faces the risk of being impacted by escalating geopolitical tensions in the Middle East. On the technical chart, the Simple Moving Average SMA 20 is trending...
The British Pound achieved a solid gain against the US Dollar on Wednesday, bouncing back from a seven-week low of 1.2539 on Tuesday. Remarks from Federal Reserve officials, coupled with weaker-than-expected US services sector data, posed a challenge for the US Dollar. This resulted in the Dollar's decline for the second consecutive day, thereby contributing to...
Gold declined to 2,285 in the early Asian trading session on Friday after reaching a new record high above 2,300. Based on technical analysis and the current market situation, it can be predicted that there will be a slight downward adjustment in the price of gold in the near future.
Hello everyone! Yesterday, EURUSD witnessed a significant upward momentum, recovering strongly from support in line with the downward trendline. The weakening of the USD, spurred by below-expectation US March ISM Services PMI data and comments from Fed Chair Powell, has infused EURUSD with fresh energy, propelling it upwards in the face of the USD's retreat. In...
The price of gold declined to $2,285 in the Asian trading session on Friday, following its record high above $2,300 in the previous session. This fluctuation reflects market dynamics amidst geopolitical risks in the Middle East and expectations of monetary policy easing from the Federal Reserve, which have fostered optimism for gold price growth. Technical...
Hello, dear friends! Today, gold's upward momentum continues, with its price comfortably hovering around the $2300 mark—a historic high. This surge is buoyed by global economic conditions and news that create a fertile ground for gold's bold leaps forward. From a technical analysis standpoint, gold's trajectory is steadily climbing, guided by the Elliot Wave...
Gold continued its strong rally, hitting a new high yesterday at the 2305 mark, with a short-term swing low at 2265. I'm planning to continue buying gold today. Currently, the price is experiencing a pullback after breaking through 2296. I'm eyeing the 2284/86 USD zone for a potential buy, awaiting a reversal signal on a smaller time frame, possibly placing a buy...
05.04.2024 The weekly timeframe doesn't appear strong, but I follow the overall trend. Trading with the higher timeframe trend alone can increase your win rate. On the daily timeframe, we observed daily liq. low and a rejection of the daily vwap with strong momentum. Therefore, I believe the uptrend will continue, as there are no signs of bearish pressure....
Hello,Traders! GBP-NZD went down Towards the horizontal Support level of 2.090 But the pair is trading In an uptrend so after the Potential retest of the Key level we will be Expecting a further Move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area. Trade safe, Joe.
price just broke out of a major zone after making a double top. on the 15 2 bar rejection was made. im expecting price to retrace the double top before making any move down.
Hey Traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.67000 zone, CADCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.67000 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area. Trade safe, Joe.