XAU/USD caught in a slender variety withinside the European consultation because the USD consolidated its upward momentum this week and US authorities bond yields improved barely throughout all terms. Investors are trying to the January US CPI document for brand new catalysts. On the D1 frame, XAU/USD is withinside the accumulation phase, displaying the...
Uchida’s comments are followed closely as he is known for dropping hints around key developments. USD/JPY continues to grind higher as markets distance themselves from notions of imminent rate changes stemming from the BoJ. The 150 marker is near-term resistance, with 146.51 appearing as support. Recent commentary and the notable lack of concern around the...
(XAU/USD) fell modestly this past week, but lacked a strong directional bias, with the metal moving up and down around the 50-day simple moving average, a clear sign of consolidation. The market's lack of conviction is not likely to end until prices either breach resistance around $2,060 or support near $2,006
Xagusd is downward biased but has bottomed out at around $22.15-$22.50, which has opened the door for an upward correction. If buyers could lift prices toward $23.00 per troy ounce, that could open the door to test the 100-day Moving Average (DMA) at $23.09, followed by the 50-DMA at $23.26. On the other hand, a ‘death cross’ formed three days ago on the path of...
The EUR/USD remains pinned on the south side of the 200-hour Simple Moving Average (SMA) just beneath 1.0800. Although the pair continues to recover into the upside from the early week’s bottom near 1.0725, topside momentum remains capped, with longer-term technical patterns remaining decidedly bearish. Despite posting three straight days of gains and on pace for...
In the long term picture, the down trend from 1.1079 (2011 high) should have completed at 0.5526 (2020 low) already. It’s unsure yet whether price actions from 0.5506 are developing into a corrective pattern, or trend reversal. But in either case, fall from 0.8026 is seen the second leg of the pattern. Hence, in case of deeper decline, strong support should emerge...
USDCHF formed a cup & handle formation on a daily. Its neckline was broken this week and we can expect a movement higher now. Next resistance - 0.88 ❤️Please, support my work with like, thank you!❤️
GBPNZD nicely respected a major horizontal resistance on a daily. After its test, the price formed a descending triangle formation, then we saw a breakout of 2 major supports. The pair will most likely keep falling. Goals: 2.0375 / 2.024 ❤️Please, support my work with like, thank you!❤️
Nzdusd bullish chart The NZDUSD moved higher today, helped by a report from ANZ that they now expect the RBNZ to hike rates not once but two timesIn this video, I take a look at the rise in the NZDUSD off the report and the shift in the bias for the pair. I also outline the work that needs to be done to increase the buyers confidence after the technical gains
Btcusd strong bullish It will be met with buying interest, potentially propelling the market towards the $52,000 level. However, surpassing this point may lead to a more sustained buy-and-hold approach. Nonetheless, overcoming the existing resistance levels poses a challenge, considering the market's prolonged period of overextension.recent introduction of the...
Gold prices holding up on central bank purchases. Economists at the National Australia Bank analyze the yellow metal’s chart gold rocket fly to the moon Gold target 2040 2050 The best zone for buyers
eurusd buy trend From a technical perspective, repeated failures to move back above the 100-day SMA and the emergence of some sellers ahead of the 1.0800 mark suggest that the recent downtrend from the December swing high is still far from being over. That said, any further slide is likely to find support near the 1.0745- 1.0740 area and remain limited near the...
usdjpy outlook fall from 151.89 is seen as a correction to the rally from 127.20, which might have completed at 140.25 already. Firm break of 151.89/93 resistance zone will confirm up trend resumption, and next target will be 61.8% projection of 127.20 to 151.89 from 140.24 at 155.50. This will now remain the favored case as long as 140.35 support holds.
USD/JPY Long • If price corrects and a three touch larger one hour structure forms, then I'll filter the latter on the fifteen minute chart and be looking to get long with a risk entry within it. • If price corrects and a two touch larger one hour structure forms with a three touch structural approach, then I'll filter them both on the fifteen minute chart and...
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR,USDJPY and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them.
EURUSD is trading inside a Channel Down ever since it made a High on December 28th 2023 with the 1D technical outlook steadily bearish (RSI = 39.870, MACD = -0.004, ADX = 22.645). After the price crossed under the 4H MA50 on January 2nd 2024, every time it recovered over it, the most optimal sell opportunity emerged for the short term. As long as the 4H MA200...
Usdcad strong sell over the last few hours in the US session, the price has rotated back to the downside and fell back below its key 200 day moving average at 1.3476. That tilt of the bias more to the downside. He would now take move back above that moving average to switch the bias in favor of the buyers. Absent that, the sellers are more in control with the...
Dxy downtrend The US Dollar Index is slowly but surely advancing higher again with markets digesting the failed ceasefire plan that was put on the table by Hamas. The harsh rhetoric from Prime Minister Benjamin Netanyahu could mean some lingering US Dollar strength in the coming weeks. Meanwhile markets will be looking for next Republican state Caucus elections,