Greetings to all. At present, the EURUSD pair is persisting in its downward movement and is presently being traded at 1.0506. It appears that there is a consensus among us that the prevailing trend favors a robust Dollar. As of now, no compelling reason has surfaced to oppose this bearish trend in EUR/USD. However, it would be wise to closely monitor inflation...
Currently, UJ continues to shine as it continuously maintains its upward momentum, reaching record highs in the past few months. The pair is currently trading at 148.79 and remains in an uptrend, continuously receiving support. In particular, the Japanese government's intervention in the foreign exchange market to support the domestic currency along with lower...
Looking at the technical picture of USD/JPY we can see that the main trend of the current pair is up. And the recently recorded peak of 148.15 provides strong resistance against the price, waiting for a break of 148.80 to confirm the opening of the way for further upward movement towards the target. Our next major is 148.76. The ascending channel is currently...
Hello everyone, World gold prices are stable, spot gold decreased by 1.7 USD/ounce to 1,931.7 USD/ounce. Gold futures last traded at $1,953.40 per ounce, down $0.30 from the bright spot. The precious metals market was quiet at the beginning of the week while waiting for information related to the US Federal Reserve's (Fed) monetary policy meeting. The debate will...
Gold price is still around $ 1,930 in the first trading hours of the European trading session on Thursday. Investors seem to be shifting their attention to the upcoming US data after deciding the recent policy interest rate of the US Federal Reserve (Fed). From the technical perspective: Gold is still in the main trend of increasing with strong support....
Hello traders. What do you think about Gold? Currently gold is trading at 1927 USD. After receiving strong support at 1914 USD. Gold prices fell for the third straight day on Thursday. The drop comes as interest rates fall suggesting a significant decline may not be on the horizon at this point. However, in the short term, when gold reached the resistance level...
Hello dear traders, what do you think about Gold? Currently, the gold market continues to decline after breaking the upward trend line at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading session. It can be seen that the recovery of the US dollar is an important factor affecting this precious metal, causing its price to drop....
Hello traders. What do you think about NZDUSD? Currently, the market is not much volatile as it is trading around the 0.595 price level after facing significant selling pressure near the 0.6000 psychological resistance level. Now looking at the technical picture on the 4-hour timeframe, we can see that yesterday the pair formed a double top candle. Expect this...
Hello dear traders! What do you think about GBP/USD? Today, GBPUSD continued its losing streak reaching its lowest level in many months. Currently, the price is trading at 1.2265 and still shows no signs of exiting the downtrend. On the other hand, UK economic data is weakening so the path of least resistance for the pair right now is bearish. 1.2240 is...
The world gold price is trading at 1,924 USD/ounce, down slightly by 1 USD/ounce compared to last week's closing session. Gold price is currently still trying to stay above 1,920 USD. After being surrounded by a lot of pressure, the precious metal price still maintains a stable price, helping to strengthen investors' confidence in a safe haven asset. Gold prices...
GBPUSD broke the low of 1.23081, coinciding with sell-side liquidity, making it a medium-term level for sellers' profit targets. Further declines below that are possible towards 1.21700. I would like to see sellers attack that near-term support level in the near term before we reach new targets.
GBP/USD is testing daily lows near 1.2270 on upbeat retail sales data from the UK. It last traded at 1.2272, down 0.16% on the day. Overall, we can see that the main trend for the pair so far is bearish, so the downside is that if that happens, it will likely reach 1.205 close to 1.2000.
Today, the GBP/USD exchange rate continues to weaken near its lowest level in many months, trading around 1,219. GU is close to its highest level since the beginning of the year, amid a hawkish Fed outlook and rising US bond yields. Last week's surprise BoE pause continued to weigh on GBP and put further pressure on the currency. Looking at the 1D timeframe, we...
Today we see a further increase in the pair reaching 0.595 trades and remaining within the main uptrend. The pair's next target is 0.600
Hello dear friends. What do you think about Gold? After the opening price at the beginning of the week, we witnessed a slight decrease in Gold, from 1925 USD to 1923 USD. Gold continues to trade in a neutral range as the Federal Reserve kept interest rates unchanged in its September monetary policy meeting. Technically: A drop is expected at least to the next...
EUR/USD holds near 1.0650 and is currently trading around 0.595, after coming under severe selling pressure near the 0.6000 psychological threshold and has formed a double top on the 4-hour chart. According to AD's personal opinion, it is expected to drop to the support level of 0.585 in the near future after adjusting back to the broken trend area.
After falling to a new several-month low, the Euro (EUR) is attempting to recover some of its losses against the US Dollar (USD), pushing EUR/USD back to the 1.0650 region at the open. European doors on Thursday. Looking at the technical picture we can see that the pair still holds the support level at 1.0640. So in general, if this support level is not broken,...
NZD_USD price rebounded to retest the 0.5929 resistance level which is likely to break this resistance and test the 0.5932 , 0.5937 level But this is a strong critical level So I think there is a high possibility We will see a bearish move in the short term