USDCHF is up for the 3rd day in a row and in doing so, the buyers are taking more control. More specifically, the price is moving above and away from the 38.3% of the move down from the September high. That level comes in at 0.86806 and in trading today, the price stayed above that level at session lows. That shows the buyers want to explore higher, and they have...
Eurusd sell chart the daily swing high around the 1.0760-1.0765 region seems to act as an immediate hurdle ahead of the 1.0800 mark and the 200-day SMA, currently pegged near the 1.0835- 1.0841 zone. That said, a sustained strength beyond the latter might trigger a short-covering rally and allow the EUR/USD pair to reclaim the 1.0910 round figure. Some...
Gbpusd surely Fall soon down on the earth the current short term trend to the upside. If the price were to break below the trendline, we can expect the sellers to pile in already to position for a break below the 1.24 handle and new lower lows. The buyers, on the other hand, should keep on leaning on the trendline to continue targeting the 1.25 resistance
USDCAD 1 hour uptrend On the 1 hour chart, we can see that the price is now right at the resistance. It will be interesting to see what happens here in the US session as a break above the level should see the rally extending to new highs while a strong rejection is likely to take us back to the 1.3850 level
From a technical standpoint, XAU/USD has slipped below its 50-day simple moving average after Monday's pullback, but has managed to hold above horizontal support at $2,007 For sentiment towards the precious metal to improve, this technical floor must hold; if it doesn’t, sellers could become emboldened to initiate an attack on $1,990. On further weakness,...
Btcusd pair has remained in a tight range in the past few days. As a result, the Average True Range (ATR), one of the best measures of inflation, has drifted downwards, signaling that there is no volatility. The Awesome Oscillator has been stuck at the neutral point. Therefore, the outlook for the pair is where the status quo remains in the near term. This means...
Audusd We now see the price coming up to touch a small zone of likely resistance between $0.6530 and $0.6518. This looks very likely to be today’s pivotal point, so if the price can get established above this zone later today, it should have room to rise further. However, I see the better and more likely opportunity as being a short trade from a bearish...
EUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Usdjpy buy here show the chart It's no surprise to see the US dollar sizzling today after non-farm payrolls rose by 353,000 jobs compared to 1800,000 expected. It's the strongest month of jobs gains in a year and raises big doubts about whether the Federal Reserve will be cutting rates anytime soon. USD/JPY is a big beneficiary, up 180 pips to 148.11 today. The...
the XAG/USD is to the downside. Hence, some follow-through decline towards retesting sub-$22.00 levels, or a two-month low touched in January, looks like a distinct possibility. The downward trajectory could get extended further towards the $21.40-$21.25 intermediate support before the XAG/USD breaks below the $21.10 mark, towards the October swing low near the...
The gbpusd The BoE expects that inflation will hit its 2% target in the next few months when the cost of energy is considered. But it also expects inflation to bounce back again later this year. Gbpusd big sell The next important GBP/USD news will come from the US, where the ISM will publish the latest non-manufacturing PMI report later today. Several Fed...
the eurusd has just made a new 6-week low, but may have found some support, even if it is short term, at $1.0773. I think the outlook is bearish due to the bearish technical and the resilience in the US Dollar which continues as Fed Chair Powell continues to talk down the prospect of an early rate cut. I think the best opportunity today in this currency pair will...
EUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Today's focus: USDJPY Pattern – Consolidation Watch Support – 146.20 Resistance – 148.50, 151.70 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY. After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on...
nzdusd session highs, the price has moved down to test its key 100-day moving average at 0.60624. The price is also testing a swing area at the same level. As a result, there is some stall in the fall today as risk-focused traders buy against the level in hopes of a corrective move back to the upside, even if it is in the short-term. On a break, however, I would...
USD/JPY is a big beneficiary, up 180 pips to 148.31 today. The pair had fallen every day this week until today but with the big gain, it's now higher than it was at Monday's open. It's a similar story across the board with the dollar up 70-180 pips. The Fed blackout ends today so the next thing the market will be looking for is commentary from Fed officials on...
xausd crash soon check the analysis and read the caption Here we share you analysis of xauusd you can see nfp big sell now we see more sell from 2050 Now xauusd going to 1960 it's good trendline of sell trade and get advantage
s&p is on fire with a gain of 1.55%. That index is now up 0.94% on the week. Meta leads the way with a gain of 21.44%. Nvidia shares are up 4.76%. Amazon shares are up 7.91%. The high close back to January 2022 is at 15638.04 (January 29 close). The high price today just reached 15603.53 so far. That high close is the next target.