EUR/USD surged to nearly 1.0650 in the Asian trading session on Monday, rebounding from a low of 1.0622 reached last Friday. The US Dollar (USD) appreciated as buying pressure on the currency intensified amidst political instability, contributing to downward pressure on the EUR/USD pair. From a technical standpoint, the Relative Strength Index (RSI) remains below...
Gold prices attracted buying activity at the beginning of the week and held steady around the range of 2,431-2,432 USD, preventing a retreat. Iran's attack on Israel over the weekend not only pushed gold prices to new highs but also heightened market concerns. The US Dollar (USD), despite its weakness, continued to support the strong rise of gold. Moreover,...
The price of gold continues to rise due to political tensions in the Middle East. This raises expectations that the Federal Reserve (Fed) will cut interest rates in the near future. Lower interest rates can make currency depreciate, making risk-free assets like gold more attractive. On the 4-hour chart, the price of gold is stable above the Simple Moving Averages...
Here I have AUD/USD on the 1Hr Chart! Our two current Lows @ ( .9498 ) on Wed. April 10th and ( .9456 ) on Fri. April 12th show an interesting underlying story when it comes to our indicators! 1) Looking to the RSI and comparing the Lows to Price on the chart, we can see that the RSI is showing a STRONG Divergence meaning Price could potentially be looking to...
In recent US trading, GBP/USD has sharply declined below 1.2450, driven by the stable strength of the USD. This sustained USD dominance has intensified the downward pressure on GBP/USD, resulting in continuous price drops. From a technical perspective, GBP/USD has shifted to a downward trend, consistently forming lower highs and lows and breaking crucial support...
In recent US trading sessions, GBP/USD has faced significant downward pressure, dropping below the 1.2450 level, due to the sustained strength of the US Dollar (USD). From a technical perspective, analyzing the chart of GBP/USD reveals a clear trend of price decline. The currency pair has consistently reached lower highs and lower lows recently, while also...
The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows,...
Gold continued to rise towards the $2,400 in early Asian trading on Friday, amid expectations that the Federal Reserve will cut interest rates this year. Additionally, the purchase of gold by the People's Bank of China and political tensions in the Middle East have further propelled the price of gold higher. Reaching the $2,400 milestone can be seen as a positive...
📊 Script: NTPC 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply Key highlights: 💡⚡ 📈 Script is trading near upper band of BB. 📈 Already crossover MACD. 📈 Double Moving Averages are on urge of crossover. 📈 Right now RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 351 🟢 Target 🎯🏆 - 374 ⚠️ Stoploss ☠️🚫 - 343 ⚠️...
The price of gold has risen to a new record high, closing at the resistance level of $2,400 USD in the Asian trading session on Friday. The escalation in gold prices is driven by political tensions among Middle Eastern countries, despite the Fed's anticipated interest rate cut in September. Currently, the price of gold is facing difficulty in surpassing the...
The price of gold is soaring towards the nearly 2390 mark, with expectations that the Federal Reserve will cut interest rates this year. From a technical perspective, on the 1-hour chart, the upward trend of gold prices remains strong and stable. Gold prices are maintaining above the Simple Moving Average (SMA) lines, suggesting that the upward trend may...
The price of gold continues to challenge the record high of 2,365 USD and regain momentum after dropping near the 2,319 USD level in Thursday's Asian trading session. On the 4-hour chart, the Simple Moving Average (SMA) 20 has also been surpassed at the 2,342 USD mark, and the Relative Strength Index (RSI) remains stable around 60, indicating reduced selling...
🔍Today, we delve into Telegram Coin, or TON, following our successful previous analysis that led to a remarkable 140% profit on our initial entry. 💥The price continues its upward trajectory with significant momentum, while the RSI indicator signals overbought conditions, nearing 89.92, often indicating an impending correction. There's a possibility of entering a...
In Wednesday's US trading session, the GBP/USD pair plunged to a two-month low at 1.2520 after the release of CPI inflation data. This increased selling pressure and raised concerns about the UK's economy and monetary policy. Despite some signs of short-term adjustment, GBP/USD continues its downward trend, as evidenced by prices declining towards the Simple...
In Thursday's European trading session, the EUR/USD pair traded steadily and fluctuated within a narrow range near the 1.0750 level. The pair is facing consolidation of bearish pressures, particularly after the release of US CPI data, prompting traders to be cautious in placing bets ahead of ECB policy announcements. From a technical perspective, on the 4-hour...
In Thursday's trading session, the EUR/USD pair lost momentum, dropping to around 1.0745 due to the CPI inflation data boosting the value of the US Dollar (USD) and exerting pressure on the EUR/USD pair. The decision on interest rates by the European Central Bank (ECB) is expected to maintain stability at record high levels. From a technical standpoint, on the...
In Thursday's Asian trading session, EUR/USD pair remained around the 1.0740 level. Following the release of CPI inflation data, the US Dollar (USD) strengthened significantly, exerting pressure on this currency pair. On the 1-hour chart, the Simple Moving Average (SMA) 20 is trending downwards, indicating that the downward trend may continue. This signals a...
In Wednesday's US trading session, the sharp decline of Gold after reaching a new peak at $2,365 has rendered the market unstable and caused sudden volatility. This was spurred by the release of US Consumer Price Index (CPI) data, generating uncertain signals in the market. However, upon examining the 4-hour time chart, we can still observe signs of maintaining...