The GBP/USD currency pair has shifted from an upward trend to a sharp downward trend, pushing the decline to the crucial level of 1.2600 during Wednesday's US trading session. This is a result of the strength of the US dollar, particularly following the release of inflation data from the United States. On the 4-hour chart, the Relative Strength Index (RSI) has...
The British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially as investors await data on the Consumer Price Index (CPI) of the United States. On the...
In Wednesday's European trading session, we witnessed an expansion of the sideways trend of the EUR/USD currency pair. This occurred as the US Dollar (USD) strengthened its recent losses in response to significant CPI inflation data from the United States. Looking at the 4-hour chart, we observe that the Simple Moving Average (SMA) and the Relative Strength Index...
In the European trading session on Tuesday, the price of gold surpassed the $2,360 threshold, marking a new high. However, a price decrease occurred as gold adjusted to $2,350 during the Asian trading session on Wednesday. Based on technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA), there are still positive signs....
📊 Script: NMDC 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 Already Crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 57. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 224 🟢 Target 🎯🏆 - 243 ⚠️ Stoploss ☠️🚫 - 217 ⚠️ Important:...
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may...
USD/JPY began to retreat after reaching a high of 152.00 in Tuesday's US trading session, bringing the pair down to 151.75. This adjustment followed comments from BoJ Governor Ueda. On the chart, technical indicators have shown signs of support for the downward trend. Specifically, prices have broken through the SMA 20 and SMA 50 moving averages, indicating a...
The USD/JPY currency pair surged to a high of 152.000 following comments from BoJ Governor Ueda. His stance indicated that the BoJ is in no rush to raise interest rates, diminishing the attractiveness of the Yen. However, the USD/JPY price began to decline to 151.75 during Tuesday's US trading session. This suggests signs of a short-term downturn, particularly as...
GBP/USD is trading back and forth around the 1.2660 level and remains within the trading range of Monday. After breaking through this range, the price continues to rise strongly with no signs of a decline in the . Looking at the chart, we can see that both technical indicators, SMA and RSI, are supporting the upward trend for this currency pair. Especially the...
GBP/USD continues to move sideways, awaiting US inflation data for fresh guidance. Despite fluctuations, GBP/USD maintains stability, hovering around the 1.2660 level, within Monday's trading range. Technical indicators, such as the Simple Moving Average (SMA) and Relative Strength Index (RSI), currently signal support for the upward trend of this currency pair....
GBP/USD continues to move sideways, awaiting inflation data from the United States for a new direction. The GBP/USD exchange rate is trading around the 1.2660 level and remains within Monday's trading range. Technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) are supporting an upward trend for this currency pair. The...
EUR/USD is holding steady at 1.0850 at the beginning of Tuesday in Europe. This is explained by the weakening of the US dollar (USD), which has pushed the EUR/USD exchange rate sharply higher, once again bringing it back to the 1.0860 area at the start of the week. Based on technical indicators, we see positive signs for the rise of EUR/USD. The simple moving...
EUR/USD is holding steady at 1.0850 at the start of Tuesday in the European trading session. The recent downturn of the US Dollar (USD) has pushed the EUR/USD exchange rate significantly higher, returning to the 1.0860 area at the beginning of the week. This is another evidence of the strong influence of the USD on the global market, as its fluctuations can cause...
📊 Script: MAHLOG 📊 Sector: Logistics 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart. 📈 It is trading at upper band of BB and giving breakout of it. 📈 Already Crossover into MACD. 📈 Double Moving Averages giving Crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. ...
The EUR/USD pair started Tuesday with a slight increase, reaching around 1.0860 during the Asian trading session. The decline in the US Dollar (USD) provided some support for this currency pair. Looking at the chart, you'll notice a clear recovery in the uptrend. Its short-term target is set at 1.0876, followed by a longer-term target of 1.0942 (March 21)....
The price of gold continued to soar to record highs at the beginning of the week in the Asian region. Subsequently, it underwent a correction to $2,303 before resuming its upward trajectory. In the Asian trading session on Tuesday, the price of gold maintained its upward momentum near $2,350. The increase in the price of gold is supported by the Federal Reserve's...
After surpassing the 2.300 threshold, the price of gold experienced a slight decline, but during the Friday trading session in the United States, the market witnessed a brief downturn. Subsequently, gold prices rebounded and continued to surge strongly, surpassing the 2.330 mark to establish a new peak. Despite positive indications of growth in the US Dollar...