Take a look at our analysis for EURGBP. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.8546. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.8541...
For a fifth day in a row, the EUR/USD is caught in a whirlwind, spiraling down to flirt with the 1.0620 zone, marking a fresh 2024 low against a US dollar that just won't stop flexing. Shattering through its 2024 floor of 1.0621 may set the stage for a tumble back to the depths of 1.0516. On the flip side, any surge in the EUR/USD might hit a speed bump at the...
The EUR/USD has taken a slide for the sixth session straight, finding itself in a dance around the 1.0600 mark during Tuesday’s Asian trading hours. The soaring U.S. dollar is flexing its muscles, likely fuelled by the climbing U.S. Treasury yields putting the squeeze on the pair. Peering into the crystal ball, the eurozone’s shaky economic fundamentals, paired...
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region. Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood. Based on technical analysis, the upward trend of Gold appears likely to continue. On the...
Overall, the price of Gold is still maintaining its upward momentum. In the Asian trading session on Tuesday, the price of gold continued to rise below the $2,400 mark. However, political tensions in the Middle East are gradually easing, and strong economic data from China could potentially slow down the pace of gold's ascent. Looking at the 4-hour chart, we...
BTCUSDT's on a downtrend for the third day in a row. No strong comeback signs from this coin just yet. It's hovering around $63,000, but we're on the lookout for possible further dips near the $51,000 zone. What about you? What's your take?
At the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel. Looking at the chart, it's evident that the price of gold is heading towards the target of 2,400...
Gold prices continued their upward trend for the third day this week, stabilizing above the significant price area of $2,371. Despite recent market volatility, gold has maintained its upward momentum, demonstrating the underlying strength of the buyers at this time. Having surpassed previous resistance levels and historical data, we now turn to the extended...
USD/JPY continues to surge following its breakout above the 152.000 resistance level. The outlook for this pair remains bullish as the USD gains strength over the JPY, amidst Japan's current economic struggles and volatility. I maintain a bullish stance on this currency pair, as there are no signs of peaking yet, and prices remain stable above both the 34 and 89...
Shibusdt continues to weaken for many days and credit to the present time, the price is losing 1.41 % of the day. The prospect of reducing continues to be highly raised when the price moves in the channel and there is no sign and anything that can prevent this trend. As long as the price channel is still maintained, the bear will continue to enjoy it!
The US Dollar (USD) continues its upward trajectory, reaching heights not seen since November, amid expectations that the Federal Reserve may delay interest rate cuts. This suggests a sustained interest rate differential between the US and Japan, likely propelling capital flows away from the Japanese Yen (JPY) and bolstering the short-term outlook for an uptick in...
Gold prices oscillated within a narrow range on Tuesday, remaining close to all-time highs. The worsening crisis in the Middle East has weighed heavily on investor sentiment, boosting the allure of this precious metal. Meanwhile, gold has remained resilient against a strengthening U.S. dollar, supported by a decline in U.S. Treasury yields from multi-month highs....
GBP/USD continued its downward trend for the third consecutive day on Tuesday, reaching its lowest point since November 17 during the Asian trading session. Speculators pushing the price lower have sent the pair back to the bottom of the monthly descending channel at 1.2440, which is currently being tested. Last Friday's low just below this, at 1.2430, is also...
Greetings, esteemed investors. Today we stand at a crossroads, pondering whether to bask in the glow of gold once more or to reel in our sails. Yesterday, gold experienced a tumultuous shake-up, with its price briefly tumbling to the depths below $2325. However, in a dramatic turnaround reminiscent of a thriller, it swiftly regained its luster, climbing to a new...
Hello,Traders! EUR-NZD went up to Retest a horizontal resistance Of 1.810 from where we are Already seeing a bearish reaction And I think that the pair will Go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen. However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before...
Overal, USD/JPY is still maintaining a strong upward trend, reflecting the robustness of the US dollar against the Japanese yen. However, upon looking at the chart, it shows that the price has declined and touched the Simple Moving Average SMA 50 below the 154.00 level. Touching this area may require some modest pullbacks before any further increases occur.
USDCAD has been in an uptrend but we can observe a Divergence on the hourly TF coupled with a Harmonic Reversal Pattern.