Welcome, everyone! Last week was nothing short of a gold rush, with the precious metal hitting unparalleled highs. Fast forward to today, and gold has once again surged, reaching $2265, showcasing a remarkable $25 increase in the early hours of Monday's session. This ascent in gold's valuation is primarily fueled by the reduced Treasury bond yields and a...
Warm greetings, precious metal aficionados! Today, gold steadfastly holds its elevated position despite a slight adjustment, signaling the fervor of its ascent is far from cooling. Currently, gold trades around $2250, a modest dip of 150 pips from yesterday, navigating through adjustments after its vigorous rally. Looking ahead, gold remains bolstered by the...
Gold's relentless surge to new record highs in the opening session of April is fueled by the anticipation of US interest rate cuts and its allure as a safe-haven asset, currently holding strong at around $2255. The real driver behind gold's ascent is the growing belief among investors that the US Federal Reserve is set to ease monetary policies. Market watchers...
Hello,Friends! EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.455...
Hello,Friends! NZD/USD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.595 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on NQ1!, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 17699.50. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 111.053 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! USD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
Take a look at our analysis for AUDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.651. The above observations make me that the market will inevitably achieve 0.648 level. P.S Overbought describes a period of time where there has been a...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. We would also like to consider the current bearish bias on stocks that AUDUSD is having a positive...
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 163.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 163.500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59800 support and resistance area. Trade safe, Joe.
Greetings, trading aficionados! What are your expectations for EURUSD today? Yesterday, the pair was under significant selling pressure, resulting in a consistent decline to now trade at 1.073—a drop of 0.12% for the day. As anticipated, it breached the 1.0800 support level. The recent surge in the USD, fueled by robust US PMI ISM data, has heavily impacted this...
Greetings, everyone! What's your strategy for trading BTCUSDT today? In today's session, BTCUSDT has experienced a significant downturn, plummeting to $66,700. The outlook suggests further declines as it has broken free from its recent sideways consolidation phase. After a brief adjustment period to retest the breakout point, we anticipate BTCUSDT to continue...
Dive into today's BTCUSDT insights with me! BTCUSDT is navigating through a price wedge, with the current wave on a downward adjustment. The opening trading hours of Tuesday saw it at $66,600, shedding 4.45% over the day. The outlook seems to lean towards the bears, especially with the Bitcoin Halving event stirring interest. I'm eyeing a potential drop to...
Greetings, esteemed friends, we're only 18 days away from the pivotal Bitcoin Halving event, a significant milestone that signifies a reduction in Bitcoin's supply. As we draw closer to this day, we can anticipate even more dramatic fluctuations in Bitcoin's value! Recently, BTCUSDT has shown a notable decline, continuing its losing streak up to this moment, and...
Gold's ascent to a historic $2,265 per ounce as this week begins highlights its impressive 9% rise in March and 8% increase for the first quarter. This surge follows data indicating a spike in the February Personal Consumption Expenditures index, though the core PCE saw a low not observed in nearly three years. Anticipations of the Federal Reserve cutting rates...
Gold retreats from its newly set record high of $2,265.58 per troy ounce. Initially gaining in the Asian trading hours, XAU/USD reversed its course during European trades, now hovering around the $2,250 mark, bolstered by the US dollar's surge following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests gold may undergo further...