Based on the daily timeframe analysis, we observe that the price of Euro is currently below both the EMA 34 and EMA 89 lines. Particularly, the EMA 34 is trending downwards and shows signs of crossing below the EMA 89 in the near future. This indicates a potential downtrend for the Euro towards the support level at 1.0709. Investors and traders may need to pay...
In the serene atmosphere of the Easter holiday, the price of gold is currently holding at an all-time high of $2,236 USD. Most major markets around the world remain closed, despite the US releasing its core PCE inflation figures, a preferred inflation gauge of the Federal Reserve. Investors are expressing confidence in gold as they anticipate the Federal Reserve...
Based on technical analysis, following the price increase on Monday, the price has continued to maintain stability within the range of 68.480 - 71.740. Technical indicators suggest that prices will still continue rising in the near future, with the potential to break through the nearest resistance level at 71.786. This indicates the strength of buying pressure...
Hello traders! As this week's trading session draws to a close, EURUSD faces a downtrend, currently sitting at 1.0775. The pair's further decline seems inevitable after breezing past the formidable 1.0800 support level. The downtrend takes the front seat as the US Dollar revels in the hawkish remarks from the Federal Reserve, with Governor Chris Waller indicating...
Hello, everyone! Today, GBPUSD remains fairly static, hovering around 1.262, with the direction for the day still in limbo as the pair continues its sideways movement. Looking at the broader picture, a downward trend seems to maintain its dominance, with prices constrained below the EMA 34 and 89 indicators. The reversal of EMA 34 signals a promising opportunity...
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.