Analysis: Bearish Confluences In a strong downwards trend Recently broke below major support Retesting a previous key level 50% fib retracement level touched In a descending channel Retesting a strong downwards trendline 8K short position increase for the EUR 4K long position increase for the USD Bullish Confluences EUR is the strongest major...
🏃♂️ EURUSD is running in the 🟢 Support zone 🟢. 🌊According to Elliott's theory , EURUSD has completed its 5-wave downtrend at the 🟢 Support zone 🟢. 🌊It seems that correction waves will start from the 🟢 Support zone 🟢. 🔔I expect EURUSD to rise at least until the end of wave 4 . Euro/U.S.Dolalr Analyze (EURUSD), 15-minute time frame ⏰. Do not forget...
Gold prices in Asian early trading have risen as U.S. consumer spending data for July matched expectations. The personal consumption expenditures price index saw a 0.2% increase in July, maintaining the same rate as in June. According to analysts at ANZ, these latest statistics bolster the possibility that the Federal Reserve might halt its monetary tightening...
World gold price at the beginning of the day hovered around 1,943.4 USD/ounce, down nearly 4 USD compared to yesterday. Today, the July US personal consumption expenditures (PCE) index was announced to increase by 0.2% month on month, in line with the increase in June. Over the past 12 months, through July, PCE up 3.3% after rising 3% in June. In addition, the...
From the perspective of the market structure analysis that occurs to this day, I still see GBPUSD in the bearish structure. Where after the last boss occurs, the price is still unable to bullish more than the highest peak. Valid analysis as long as prices do not rise more than invalid areas. If you see from the existing Fibo Retracement, the price has been retrace...
There is a possibility that Dxy has experienced saturation and Wave 5 has been formed. At present the price is trying to try to reversal, there is a blue line limit where if the price drops more than the area there is a possibility of bearish.
Eurusd's movement is in accordance with last week's analysis, where prices rise to the red line area. For now there is no strong indication that the price will continue the bullish trend. There is still a possibility that the price of continuing the trend down by making a Wave A-B-C-D-E pattern. Today there will also be news release, avoid speculating for today.
Dear Friends : In the pound to Japanese yen currency pair, due to the presence of resistance in the daily tick frame and also the breaking of the trend line in the 1-hour time frame. Now the price is in the right area to sell The possible position of this currency pair is placed on the chart You can also enter for analysis according to your trading style. You...
World gold prices continue to be supported when provided with a lot of weak US economic data that almost confirms the view that the US Federal Reserve (FED) may not raise interest rates at the Fed meeting on January 20. 9 to . Gold price on August 31 increased to its highest level in a recent month Yields on 10-year US Government bonds fell to their lowest level...
Gold prices in early Asian trading have risen due to reduced concerns about another rate hike by the U.S. Federal Reserve. This shift in sentiment is attributed to several factors, including the downward revision of second-quarter U.S. GDP growth and a report from ADP indicating that the largest economy in the world added the fewest jobs in five months during...
Gold prices showed strength on Thursday, buoyed by recent weak U.S. economic data, which has increased speculation that the Federal Reserve might delay further rate hikes this year. However, a simultaneous surge in Treasury yields and a stronger dollar have kept gold on course for a monthly decline. Here are the key details: - **Spot gold** rose by 0.2% to reach...
Gold prices remained resilient, hovering close to one-month highs on Thursday. This resilience was attributed to a fresh batch of underwhelming U.S. economic data, which has bolstered expectations that the Federal Reserve may put the brakes on interest rate hikes for the remainder of the year. However, the outlook may shift depending on the inflation data set to...
Gold continues to accelerate as new tools show that the labor market is showing signs of cooling and the world's leading economy is slowing. Specifically, the US Bureau of Economic Analysis' report on second-quarter gross domestic product showed that the economy grew by 2.1%, lower than expectations. According to consensus estimates, economists expect growth of...
Gold prices held steady near their one-month highs on Thursday, bolstered by fresh disappointing U.S. economic data, which has increased expectations of a Federal Reserve pause in rate hikes this year. However, the outlook might change depending on the inflation figures scheduled for release later in the day. - **Spot gold** was up 0.2% at $1,945.40 per ounce. -...
At the Jackson Hole Symposium, Fed Chair Powell delivered a clear message: Inflation has slowed but remains resilient despite the series of rate hikes since 2022. While this assessment was hawkish, it was balanced with caution, as policymakers expressed a commitment to proceed carefully based on data. This data-driven approach will elevate the importance of...
Introduction: Attention, fellow traders! Brace yourselves for an exhilarating opportunity that has consistently delivering positive returns over the past six years. We are talking about none other than the almighty US dollar, which has proven its resilience time and time again. In this article, we will delve into the remarkable performance of the US dollar during...
Analysis: Bullish Confluences Breakout of downwards trend Retesting a previous area of support Breakout above longer term downwards trendline Retest of previous longer term downwards trendline for support 1k long position decrease for the USD Bearish Confluences 1k short position decrease for the USD Stay Safe - The JPI Team Please feel free to...
in the left area I see the price forming an FTR in the middle of this month. then currently the price looks bullish with indications of price responding positively to the trendline below. Most likely, the price will rise more from the SnD area