EUR/USD slides to multi-month lows below 1.0650 EUR/USD stays under heavy bearish pressure and trades at its lowest level since November below 1.0650. Divergent ECB-Fed policy outlooks and the risk-averse market atmosphere keep the US Dollar strongly bid and weigh on the pair. The Relative Strength Index (RSI) indicator on the 4-hour chart dropped to 20,...
== KEY TAKEWAYS == + There were four-month lows for the pound sterling relative to the US dollar. + It appears that GBP/USD will be vulnerable coming up to UK inflation week. + The pound sterling maintains its bearish technical indication target at 1.2400. The US dollar (USD) continued to lose ground against the pound sterling (GBP), causing the GBP/USD...
traders Gold price is ready to fly My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2404 Bis_ Bullish Now gold 2404 Target zone 2469 Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators convergence perfect Indicators...
Gold price trend to continue buy during session It is expected that price will continue in the up trend And can approach the price range of 2394 Gold now 2394 Target zone 2484 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Gold price trend to continue buy during session It is expected that price will continue in the buy trend And can approach the price range of 2325 Target zone 2378 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
traders Gold price is ready to fly My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2346 Bis_ Bullish Gold market price now 2346 Support zone. 2335 1st Target 2400 2nd Target 2430 Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect...
and sold off all the way back to the key support zone around the 0.65 handle. Today the price broke down and the sellers are now targeting the 0.6442 low. That’s where we will likely find the buyers stepping in with a defined risk below the level to position for a rally back into the 0.6623 resistance
Gold price trend to continue buy during session It is expected that price will continue in the buy trend and can approach the price range of 2295 1st support 2270 2nd support 2260 Target zone 2330 Always wish you to manage your capital safe Give us like and support us
Analyzing market trends and identifying potential opportunities is crucial for making informed decisions. One such opportunity currently presenting itself is the bearish setup on GBP/JPY, indicating a significant shift in momentum. As the price of GBP/JPY reached the 193.000 value, it coincided with the 78.8% Fibonacci level, marking a critical point of...
The Canadian Dollar (CAD) faced downward pressure as a result of a juxtaposition between a robust US employment report and lackluster Canadian labor figures. While initially faltering, the CAD began to recuperate lost ground as the immediate impact of the data subsided. Currently trading at 1.3599, the CAD contends with a resolute US Dollar (USD) poised for...
The reason for this sudden price increase remains unclear. However, experts say that the gold futures price spike of $10 when surpassing Thursday's high may be due to the stop-loss order being activated. Trading volume reaching 0.5 million ounces is also the main driving factor for this increase. The next developments of the gold market still have many unknowns....
Gold after big rally now enter in Consolidation or correction zone. 2424/2454 major Resistance. If not close above we seen profit booking. Min. 2 to 10%
The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200. With the 1D RSI overbought...
Gold rebounded after the US PPI index was lower than expected Gold rises to $2,355 as PPI data misses estimates, focus turns to University of Michigan consumer confidence index In the April 11 session, gold prices benefited from US PPI data rising lower than estimated. The precious metal touched down to $2,325 early in the European session but then rebounded...
The U.S. Dollar Index (DXY) hit the first out of our two bullish targets (January 24, see chart below), and despite a minor divergence, remains well within our pattern: That is the 2nd Bullish Leg of the long-term Channel Up pattern. We are past a 1D Golden Cross with the short-term pull-back finding support on the 1D MA50 (blue trend-line). The last 1D...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About OGN (Update) The Descending Channel Breakout Has Done In WEEKLY Timeframe⚡️⚡️ Expecting Massive Bullish Wave In Coming Days & Hit 1$✍️
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Market Analysis PT1/2 (12th April 2024) GBPUSD Analysis On the Weekly timeframe, price action yesterday took out the weekly low and retraced extremely hard. This shows that the weekly low that broke was more of a liquidity sweep, not a proper break of the low. On the 1 hour timeframe, i would like to see the 1 hour Fair Value Gap get tested. Once tested...