XAUUSD BUY opportunity strong bullish There are several other reasons that could explain why gold has done so well this year Here are some possible explanations for its ascent
Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement. Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order...
Hello Traders ! The CADCHF Price Failed To Break The Resistance Level (0.66700 - 0.66890). The Price Formed a Rising Wedge Pattern. The Support Line is Broken ! So, I Predict a Bearish Move 📉 ------------ TARGET: 0.66020🎯
Hello Traders ! On Wednesday 21 Feb, The EURNZD Reached a Support Level. The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! Moreover, The Resistance Line is Broken ! So, I Predict a Bullish Move📈 ---------- TARGET: 1.81620🎯
Xauusd Higher bond yields weigh on Gold as they increase the opportunity cost of investing in it However Gold has performed strongly in the past few weeks despite rising bond yields amid geopolitical tensions in the Middle East region As a safe-haven asset Gold demand from investors and central banks increases at times of global economic uncertainty and worsening...
Pair: FX:USDJPY Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action may face some resistance from a previous support line - Price is close to 61.8% Fib Extension Level - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1...
As We Talked in The Previous Analysis: The USDJPY Reached The Resistance Level (151.908 - 151.318). Currently, This Key Level is Broken, and Becomes a New Support Level ! So, I Predict a Bullish Move 📈. ------------- TARGET: 154.620🎯
gold analysis Daily and weekly time frame midterm Gold can touch 2500 in the medium term and there we have to wait and see if it can continue its growing trend or we have to wait for a change in the trend.
The drop earlier today came despite continuous geopolitical tensions and the potential for an Israeli response to the Iranian attack this weekend. There were reports from WSJ and Axios indicated that Israel may consider an attack that showcased the depth of their offensive capabilities. Over the weekend defensive capabilities were showcased
The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down. As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical...
The EUR/USD pair has continued its downward trajectory, in line with our previous weekend analysis, now hovering around the 1.06100 mark. This decline coincides with a convergence of multiple technical indicators and recent economic developments. Notably, the price action has entered a potential Fibonacci reversal zone, coupled with an oversold condition signaled...
The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher...
As you can see, after correcting the price to $2324 yesterday, the price went up again and today it was even able to grow up to $2391! As you can see, gold is correcting its price again and is currently trading in the range of $2368! The important range of demand is between $2324 and $2332 and the important supply ranges are $2390, $2398.8 and $2404 to $2406! ...
The fact we saw an intraday break above $2400 quickly reverse suggests traders are keen to book profits, which in turn suggests we may be about to experience some sort of shakeout at these highs.” Gold price (XAU/USD) oscillates in a narrow trading band heading into the European session on Tuesday and remains well within the striking distance of the all-time peak...
AUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical...
Hey Traders ! On The Daily Time Frame, The NZDUSD Broke The Support Level (0.59709 - 0.59406). This Key Level Becomes a New Resistance Level. So, I Predict a Bearish Move 📉. TARGET: 0.58800🎯
In the bigger picture, price actions from 0.8342 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0145 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9242 resistance, at least on first attempt. However, decisive break of 0.9233 will argue that the...
Comments on Friday from Fed Chairman KC: Encouraging patience with interest rates until inflation declines markedly to 2% Economic growth is creating uncertainty about monetary policy Inflation remains high The employment sector remains strong Wage increases indicate an imbalance in the labor market Want to see the Fed balance sheet shrink