The Fib retracement outline shows that we could see a push towards $2,260 next at least before some semblance of support That coming from the Fib retracement level The next key stop after that might be a push towards Xauusd sell now 2295_2300 Tp 2290 Tp 2280 Tp2260 So 2310
Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand Technical picture is firmly bullish as indicators...
Given that the momentum indicators are heavily tilted to the downside, Bitcoin could revisit its March bottom of In case of a downside violation, there is no prominent support until the resistance zone of
EURUSD session on Friday but managed to recover to the area In the absence of high tier data releases, investors will keep a close eye on headlines surrounding the Iran Israel conflict
AUDUSD Last night in Japan BOJ policymaker Asahi Noguchi highlighted the mixed impacts of a weaker yen noting that while some large firms have benefited it poses broader economic challenges Noguchi expressed increasing confidence in reaching the
GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
Intraday bias in GBPUSD is back on the downside as fall from resumes. Deeper decline would be seen to 100% projection Firm break there will target projection at next On the upside above resistance will turn intraday bias neutral again first
USDJPY sell Although the former is still below its trigger line it is running above zero and shows signs of bottoming while the latter has already bottomed after finding support at its equilibrium level
It is still too early to say whether EURUSD is undergoing a correction of the downtrend or a reversal given the strong bullish in hours keeps bullish hopes alive
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
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...
GBPJPY level for confluence The sellers on the other hand will want to see the price breaking lower to position for a drop into the lower bound of the channel eventually targeting a break below it
GBPUSD Catherine Mann is one such critic pointing towards the fact that the UK has stronger wage growth data than both the US and EU and to align rate cut expectations with these two nations is not accurately
GBPUSD Today the price action has been able to stay entirely the key day MA However the highr for the day have been within the area bullish
XAUUSD adopt a more hawkish posture signaling that more patience is needed before removing policy restraint and that fewer rate cuts than initially anticipated
GBPJPY falling soon which is generally considered a signal of weakening momentum often followed by pullbacks or reversals In this case it might be a signal for a pullback into the lowered bound Of the channel but we will need a catalyst to kick off such a big corrections
GBPUSD The very easy flyi for marketing purposes after mixed statements from two Federal Reserve officials In a note Raphael Bostic argued that it was too early to predict that the Fed would deliver three rates cuts
XAUUSD Taking into account todays developments bond yields will struggle to move much higher in the near term especially if incoming economic data starts cooperating with policymakers This could prevent