Analysis and strategy OANDA:GBPUSD OANDA:GBPUSD edges higher during the Asian session on Monday amid subdued USD demand. The uncertainty over the Fed's rate-hike path is seen as a key factor undermining the USD. The lack of any meaningful buying warrants some caution for aggressive bullish traders. GBP/USD climbed to a weekly high of 1.2747 on Wednesday...
Strategy for Buyers OANDA:GBPJPY 🔥 The OANDA:GBPJPY pair oscillates in a narrow range above the 1.2600 mark during the early Monday’s Asian session. The major pair currently trades near 1.2628, gaining 0.01% on the day. 🔥Traders anticipate that the Bank of England (BoE) is likely to raise 25 basis points (bps) in the upcoming meeting. The BoE Chief...
Signals and strategies for August 31 TVC:GOLD 🥰 TVC:GOLD is currently hovering around the 61.8% Fibonacci retracement level of the 1,985$ - 1,886$ drop at 1,947$, maintaining the bullish bias. 🥰The 4-hour chart shows that technical indicators are slightly down but still within overbought levels, not enough to confirm an interim top. 🥰US consumer...
Necessary strategy TVC:GOLD 🎁Yesterday evening, a series of news about the USD index that was not as expected by the market caused dxy to fall sharply, the currency pairs GBPXXX, XXXUSD, Oil increased, US Stock Index and Gold all increased very quickly. 🎁In today's Asia-Europe session, the market expects a slight correction in Gold to 1932$ - 1927$ before...
Signals and strategies TVC:GOLD Gold is on track to recover from losses recorded in the previous four weeks ahead of a speech by US Federal Reserve Chairman at the Jackson Hole Symposium. The precious metal has shown resistance despite the improvement of the US Dollar (USD). US Dollar (USD) rally boosted by moderate US jobs data, keeps market sentiment...
Gold price assessment this week TVC:GOLD During this week, the gold price has continuously dropped from 1,912$ to 1,884$ and closed at 1,889 USD/oz. Gold prices fell this week as the yield on the 3-month US Treasury note jumped to 5.29%, its highest level in 15 years and well above its long-term average of 4.5%. ,18%. This shows that investors are expecting...
Signals and Strategy August 24 TVC:GOLD The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding other currencies. The precious metal will face some...
Plan for August 23 TVC:GOLD TVC:GOLD prices slightly extended its gains and successfully continued a third day of gains. TVC:GOLD hovers around 1,900$ during the Asian session on Wednesday, showing signs of recovery from four consecutive weeks of losses despite a firmer US Dollar (USD). However, a stronger recovery is unlikely at the moment. The...
TVC:GOLD commentary on August 22 : Gold prices consolidate within the range below the 1,902$ mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven TVC:GOLD . The daily chart of the TVC:GOLD pair shows that the downtrend is still in...
Strategy and analysis TVC:GOLD Gold fell to a near 6-month low as on Thursday the US Treasury yields edged higher and the strong dollar delivered a one-of-a-kind punch to the bulls yellow metal. Minutes of the Fed's July meeting showed midweek that most members of the rate-setting committee favored higher rates to curb inflation. The prospect of higher US...
OANDA:EURJPY The EUR/JPY pair remains steady, close to the 154.50 area at the start of the European session., the crossover is below the 100 Hourly Exponential Moving Average (EMA) with a downward slope, indicating the line Going with least resistance is going down. According to the one-hour chart, EUR/JPY will hit an initial support of 153.45 (July 12 low) en...
Hey traders, I think bitcoin will continue to rise next, what do you think? Bitcoin (BTC) has been extremely quiet in recent days, but if the U.S. dollar continues the downward trend brought about by the non-farm data, Bitcoin (BTC) price will benefit and strengthen. From a technical perspective, if Bitcoin holds the 30,000 mark, the bullish outlook will...
Currently, the price is trading within a triangle pattern. It is likely that the price will reach the level of 141.8 option contracts. We just need to break out of the triangle! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
It is likely that the price has bounced off the swing range, and currently, I am considering long positions towards the area of 0.91118. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EUR/JPY is heading towards the neck and shoulder line after the cross broke out of the 20-day Exponential Moving Average (EMA) at 147.68. However, it still hesitates to achieve a decisive breakout that could invalidate the pattern. As the Asian session begins, EUR/JPY is trading around 147.95, down 0.06%. EUR/JPY remains skewed to neutral, although in the near...
It has been a long time since I last posted here. But, starting my 2022 right. So my first entry; since XAUUSD had a massive break out which i believe requires a reversal. First zone that im looking at is 1818 area but i believe we may also hit 1790 level or lower. Let's see how this trade goes :)
Starting my Monday right with a late sell :)
Another XAUUSD short position after making profit on my first short this week, waiting for this to hit the next level of support which is 1808 since it hit 1813 already. I really feel that my 1770 level is now more possible. Let's see how this day rolls :)