EUR/USD trims its gains for the day, hovering around the key psychological level of 1.0600 during the European session on Wednesday. The pair received some upward support due to a correction in the US Dollar (USD), likely influenced by speculations about a potential pause in the interest rate-hike cycle by the US Federal Reserve (Fed). If the pair decisively...
After spending most of the day in a narrow range above $1,849, gold gained momentum and pushed into the $1,865 area during the American session. The yield of the benchmark US ten-year Treasury bond declined to around 4.6%, allowing XAU/USD to rise further. XAU/USD maintains modest intraday gains, and the daily chart shows that it has recorded a higher high and a...
The price of gold has increased to the $1,830 area, with the yield of the 10-year US Treasury benchmark falling below 4.8% after initially rising to 4.9% in response to the US September jobs report, giving a boost to XAU/USD. The next directional move of the gold price will depend on the outcome of the US NFP report. From a technical perspective, the daily setup...
EUR/USD reached the weekly high at 1.0600 and consolidated around 1.0580, marking a slight weekly increase. Despite positive data on U.S. non-farm payrolls for September, the U.S. dollar surprisingly weakened on Friday. The pair stabilized above the upper limit of the descending regression channel, with an RSI of 60 on the 4-hour chart, indicating a short-term...
The GBP/USD exchange rate is showing a slight decline around 1.2180 during the Asian session on Friday, indicating a retracement from recent gains. However, the US Dollar (USD) is correcting following the decrease in US bond yields, providing upward support for the exchange rate. A key support level is at 1.2100, represented by the 20-period Simple Moving Average...
Gold price is in a slightly bearish phase, staying below $1,820 due to the impact of the yield of the 10-year US Treasury bond, which is above 4.7%. This situation makes it difficult for XAU/USD to undertake a significant recovery. Technical analysis on the daily chart indicates a bearish trend for XAU/USD, with indicators showing an abundance of sell signals in...
During Thursday's Asian session, EUR/USD continued the positive trend initiated in the previous session, hovering around 1.0520. The movement of this pair was influenced by market caution regarding the trajectory of interest rates by the US Federal Reserve (Fed). Despite the Euro experiencing a rebound, it is not out of danger yet, as the correction could continue...
Decline for the US technology stocks index, closing the session sharply lower with a loss of 1.83% from previous values. The start was weak for the index, which began the day at 14,744 points above the previous session's bottom, only to worsen its performance throughout the meeting and end even lower at 14,565.6, the session's lowest level. The technical picture...
Recent analysis shows where I made a full analysis on GCAD and also gave the levels for the bullish continuation.
anticipating gold to push to 1950 after sweeping buy-side liquidity and mitigating an open order at 1950 before we are most likely to see a drop to 1870. some technical indicators also support our call. lets see how CPI delivers tomorrow
The TVC:DXY works like a see saw... When one side goes up: the other side goes down: specifically US PAIR$ This Objective Market Wi BME:DOM will lead you to the land f pips and money IF you to the process of UNLEARNING EVERYTHING taught you about trading. Never over leverage. Trust your narrative for it is the GPS to the prize! Have a Great day of trading...
Am expecting price to drill into the Buy Side Liquidity (BSL). This could happen during NFP and when that happens i'll look for sell setups
Currency analysis the for 5/17/2023, When price reaches the provided zone ,go to M1 chart and wait for a reversal pattern for you to place a trade
from past few days gbpusd been so mad, but right now we are currently forming the second leg of a confirmed M pattern on the daily tf, we expect bit of retracement and futher drop
OANDA:EURUSD Have a good weekend everyone. EU smooth today since Aussie open up until now heading towards London close and 2nd half of NY. Stick to "your own" rules, only way to be safe.
Price has reached our anticipated zone at .214/.216 now we can safely short gbpusd
GU has been on a correction after false break of the key level, bouncing up and down, now we are heading towards a new intraday key resistance, watchout for short
OANDA:USDJPY Took a short during this odd low volume time of day. Moved SL very VERY tight to +0.5pips. SL hit, and I'm out safe. That was fun. Trade management Trade smart Trade well