USDJPY experienced minimal fluctuations up until the end of the week, with prices steadfastly hovering around the lofty 151,300 mark. Technical prospects for this pair lean towards an upward trend, as indicated by positive signals from the EMA lines. Nonetheless, a preliminary adjustment is anticipated, targeting the 0.5 - 0.618 zone of the Fibonacci retracement,...
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 159.920 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
GBP/USD is under relentless selling pressure, dipping just below the 1.2600 mark during Thursday's European trading session. The resurgent dominance of the US Dollar (USD) has exerted a formidable force on GBP/USD throughout the latter part of the week. It is expected that the price will drop sharply if it breaks the support zone of 1.2590.
Hello,Friends! We are targeting the 1.257 level area with our short trade on GBP/USD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the AUD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 96.612. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD is making a bullish rebound on the 1D 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 2120.486 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.884 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
Technical analysis indicates that the EMA 34 has crossed above the EMA 89, forecasting a continuation of the upward trend. However, the USD/JPY is currently moving sideways and stabilizing around 151.40, and forecasted decline due to the cautious stance of the Bank of Japan (BOJ) on interest rates. Japanese Finance Minister Suzuki expressed concern about the...
Please, check our technical outlook for GBPUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.262. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.253 level. P.S The term...
"USDJPY trades quietly, hovering at record highs with a lack of upward momentum. The trend favors sideways movement, though EMA 34 and 89 signals suggest a potential for ascent. Technically, any upward trajectory may face resistance near the 152.00 mark, serving as a pivotal point for bulls if decisively breached, hinting at a continued rally from January 2023...
The price of gold surged in the North American trading session on Thursday, setting a new all-time high of $2,233 per ounce. This climb in the precious metal's value defies the rising US Treasury yields, bolstering the US dollar, and signifies strong investor demand. From a technical perspective, the upward journey of XAU/USD is far from over. The 4-hour chart...
Hello everyone, yesterday witnessed a dramatic surge in global gold prices, hitting a high of $2,233 per ounce on March 29th, just before the Easter holiday. This significant increase of 1.8% in a single day and over 9% in March is attributed to signals from the Federal Reserve (Fed) of the United States indicating potential rate cuts thrice within the year....
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. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NASDAQ for a selling opportunity around 18300 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 18300 support and resistance area. We would also like to consider the current bullish bias on DXY due to the negative correlation that may put extra...
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.60200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60200 support and resistance area. Trade safe, Joe.
EUR/USD pair broke below the 1.0800 threshold on Thursday, hitting a new low for March at 1.0773-1.0774. Despite bouncing back from such lows, the pair still maintains a negative tone and stability around the 1.0790 price level. The US dollar has benefited from positive comments from the Federal Reserve officials, with Governor Chris Waller confirming that the...
"Good morning, savvy traders! Today, GBPUSD remains steady, echoing the calm of Wednesday's session. The price hovers around 1.263, showing minimal change from yesterday. Today's outlook suggests leaning towards selling as the USD struggles to find its footing, and technical analysis indicates the price movement is below the EMA lines. Expect to continue selling...
While US bond yields are rising, the price of gold continues to trend upwards. Strong statements from a Federal Reserve policymaker and positive economic data from the US have kept both the US dollar and gold stable. Currently, XAUUSD has increased by more than 1.20%. The upward trend in gold remains intact after surpassing the previous peak at 2,223 and...