-Anticipating upcoming week to have some bullishness in price action, looking for Technical Bounce at Trendline Support to long, while remaining opened in Short Positioning regarding Macro and Higher Time Frames. Every bounce may be short-lived, so bear in mind this scenario when looking for your next Short Opportunity on EUR/USD. Maybe you'll enjoy having a...
The price of gold experienced a significant oscillation, reaching $1,880 and then dropping to $1,860 after an initial rebound. The Relative Strength Index (RSI) indicates excessive sales, suggesting the need for consolidation before any further declines. Factors such as the potential real estate crisis in China and the risk of a partial US government shutdown...
GBP/USD reversed its direction and dropped below 1.2200 during the American session on Friday, after rising above 1.2270 earlier in the day. Position readjustments and profit-taking on the last trading day of the quarter seem to be weighing on the British Pound. If the pair stages a technical correction, it could face resistance at 1.2200 (20-period Simple Moving...
EUR/USD slipped below 1.0600 during Friday's American session, retracting part of its daily gains, despite a positive market tone following PCE inflation data. The rebound from the year's lowest daily close improved the Euro's outlook, although the overall trend remains bearish. A potential recovery could reach 1.0700 without altering the bearish trend. On the...
TVC:GOLD fell to near 7-month lows Thursday as traders pushed the yellow toward mid $1,800 levels in a decisive break from the $1,900-an-ounce support decimated in the prior session. Gold’s collapse below the $1,900 level has opened the door for technical selling towards the $1,870 region,” added Moya. :”If global bond yields are heading higher despite...
This is an experimental indicator showing put open interest for AMEX:SPY across all expirations. The data is as of 2023-09-28. It's of course not setup to live update. Just a proof of concept indicator.
EUR/USD recently peaked at 1.0579, the highest in two days, before retracting to 1.0550, showcasing its best monthly performance despite an overall bearish trend. Market attention now centers on an upcoming speech by Fed Chair Powell. A sharp rebound post a yearly low's daily close has improved the Euro's outlook, potentially reaching 1.0700 without altering the...
Tesla Long Idea. Options intraday LONG OVER 241.50 Target 1: 244.13 (trim 70% of the position) Target 2: 248.46 (trim 90%) Target 3: 254.00 Stop loss: 240.40 Trigger only after a 5 min candle closing above 241.50 Valid for Sept 28 Only Options or Futures
Gold though was heading for its worst week since February as the rise in Treasury yields drives investors out of the precious metal, which pays no yield. It nursed losses at $1,875 an ounce. My opinion about the yellow metal TVC:GOLD that he will keep falling to 1962 zone
During the Asian session on Thursday, the GBP/USD pair rose from its recent low near 1.2110, indicating a move away from the lowest point touched since March 17. However, it remained below the mid-1.2100s, suggesting vulnerability to the persistent downtrend observed over the past two months. The Relative Strength Index (RSI) on the 4-hour chart stayed well below...
The USD/JPY exchange rate is rising for the third consecutive day, driven by the strength of the US dollar, which has almost reached 106.30 on the DXY index despite a decline in consumer confidence in September. To keep Japanese inflation above 2%, higher wage growth is needed. Investors express concern about the long-term future as the Federal Reserve (Fed) is...
EUR/USD hovers near six-month lows around 1.0550 during the Wednesday European session, facing a bearish phase. Despite the decline in US Treasury bond yields, the US Dollar retains recent gains, negatively impacting the pair. EUR/USD is near the lower limit of the descending regression channel, with the 4-hour chart's Relative Strength Index (RSI) slightly below...
On Tuesday, Spot Gold (XAU/USD) experienced a sharp decline, reaching a two-week low of $1,900.83, largely driven by a strong surge in the US Dollar amid a worsening market sentiment at the week's start. Investor concerns grew due to central banks' commitments to prolong higher interest rates and disappointing US economic data. The technical analysis for XAU/USD...
The USD/JPY exchange rate is consolidating its recent rise to 149.00, the highest in the last 11 months, supported by the increase in US Treasury yields due to the determined stance of the Federal Reserve. However, there is a risk of Japanese intervention in the foreign exchange market. USD/JPY has recovered the losses caused by the Bank of Japan's decision to...
EUR/USD hit its lowest level since March, dropping below the critical threshold of 1.0600 on Monday. This decline was triggered by cautious comments from Lagarde, President of the ECB, regarding the future course of economic policy, leading to a defensive stance on the euro. In parallel, the US dollar benefited from prevailing risk aversion, maintaining pressure...
As we can see gold's report last week were against the yellow metal to go higher , so the federal reserve vowed to hike rates until inflation returns to its annual target of 2% . And all the fundamentals are showing that the gold will go down .
EUR/USD wrapped up the week at approximately 1.0640, a bit below the previous week's level. The exchange rate hit a Friday low of 1.0614, marking the lowest intraday point since March, mainly due to the late dip in the US dollar linked to falling Treasury yields. In terms of technical analysis, EUR/USD is currently navigating within a descending regression...
The price of gold showed resilience after a bounce in the range of $1,914-$1,913 from the previous day, recording a modest increase of just over 0.20% and breaking a three-day losing streak. However, it gave up the weekly gains, being below all moving averages. Technical indicators confirm the bearish sentiment, with the peak of the pair this week at the 61.8%...