👻Gold yesterday had a significant increase in price, currently trading at 1938 USD, up about 0.08% on the day and up about 24 USD compared to yesterday's trading session. 👻Reasons for increasing gold support: - One is that after yesterday's retail sales report, investors are worried that the US Federal Reserve (Fed) will further raise interest rates to regulate...
Yesterday I was bullish GBPUSD based on the price action on Monday and near term trend being up. Was looking for a dip for a move higher. I will not dare say that I am right on my view, as price dipped beyond my buy level and went down further, but eventually rallied strongly 70 pips from the lows. But even so, it only made a lower high, before cooling off and now...
entry SELL 0.90100 The dow wave pattern is going beautifully. The price is touching the resistance zone and expect a bearish break through the 0.89900 price range
Hello Traders, here is the full analysis. Watch strong action at the current levels for Buy. GOOD LUCK! Great buy opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
👻Gold is trading slowly early Tuesday, opening below key resistance at $1,923. The trading margin is still no different from the first day of the week. 👻The price margin is becoming increasingly narrower. There is a high possibility that when breaking the bearish border pattern, the price will increase sharply, breaking the important resistance levels of 1932 or...
Gold prices today extended their upward momentum as investors continue to seek capital safety in the precious metal currently trading at 1860 USD. The reason for gold support is said to be the increasingly tense military conflict between Israel and Palestine. On the other hand, the USD decreased in value after comments from US Federal Reserve (FED) officials,...
entry SELL 1.21700 GBP/USD retraces the recent losses, trading higher around 1.2150 during the Asian session on Monday. The pair faced challenges possibly due to the shift in discussions about the trajectory of the US Federal Reserve's (Fed) monetary policy. GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Retail Sales
👻Entry buy 0.59100 👻Wait for a slight recovery of NZDUSD and make a BUY signal. 👻Our target at fibo 0.5 is the price range 0.59600
👻USD/JPY treads waters below 150.00, focus on US Consumer Sentiment 👻USD/JPY aims to snap the three-day winning streak, trading around 149.80 during the Asian session on Friday, aligned to the major support level at 150.00. The pair received upward support due to the slew of upbeat economic data from the United States (US). 👻To continue to maintain the upward...
The Australian dollar faces downward pressure due to the strong US dollar. Australia ensures a stable energy supply for Japan, creating an investment environment in Australia. Strong US nonfarm payrolls underpinned the strength of the US Dollar (USD). Australia commits to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic...
USD/CAD continued its losing streak for the third straight session, trading lower around 1.3650 in early Asian trade on Monday. The pair is facing challenges due to sharp increases in oil prices, possibly due to the Palestinian-Israeli military conflict. The trendline is creating resistance at 1.36900. Set up a sell order today to make profits with Optimus
The USD/JPY pair is facing difficulties in taking advantage of the positive movement on Friday and starts the new week with a small downward gap. Despite this, spot prices manage to recover slightly from levels below 149.00, which was the lowest point of the day. However, there is a lack of continuation due to the increasing tensions in the Middle East, which...
Gold prices rose on risk aversion to violence in the Middle East, quickly regaining $1,850. The recovery of the US Dollar limits the rise in Gold prices while US Treasury bond yields fall. Gold prices point to sustained recovery and key US Nonfarm Payrolls data. Entry BUY: 1844-1846 ( scalping)
⚡️Market news Gold continues to stabilize and accumulate after the US Dollar experiences some downward adjustments. However, due to the high bond yields in the United States, the Dollar still has room to maintain its high level, limiting the potential for gold price increases. The US service sector also slowed down in September, with new orders dropping to a...
⚡️Market news Gold price is briefly coming up for fresh air, as the United States Dollar (USD) has entered a phase of consolidation after two straight days of downside correction from an 11-month top. The subdued tone around the US Dollar could be attributed to a slightly upbeat mood in the Asian session this Friday, despite mixed Chinese property market...
The GBP/USD is currently trading around the 1.2200 level, which coincides with the Fibonacci 23.6% retracement of the recent downtrend. If the pair manages to surpass this level and establish it as a support, the next target for a potential recovery could be the 100-period Simple Moving Average (SMA) on the 4-hour chart at 1.2250, followed by 1.2300, which...
EUR/USD dropped to a fresh 2023-low near 1.0450 on Tuesday before staging a modest rebound. After the data from the US showed that the number of job openings rose unexpectedly in August, the US Dollar extended its rally and caused the pair to turn south in the American session. The EUR/USD pair's daily chart reveals its proximity to the multi-month low reached...
S&P 500 INDEX MODEL TRADING PLANS for MON. 10/02 Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4320 as the level to close above for the current bearish bias to be negated. This morning, the index is attempting to test the 4320...