Gold rebounded after the US PPI index was lower than expected Gold rises to $2,355 as PPI data misses estimates, focus turns to University of Michigan consumer confidence index In the April 11 session, gold prices benefited from US PPI data rising lower than estimated. The precious metal touched down to $2,325 early in the European session but then rebounded...
The Japanese yen has hit its weakest level against the US dollar since 1990, trading at 153.24 per dollar on April 10. This signals significant downward pressure that has prompted Japanese financial authorities to officially warn of possible intervention. Even though Japan's central bank switched interest rates from negative in March, the currency continues to...
Hey Everyone, Another PIPTASTIC day on the chart for us today!!!! After completing all our Bullish targets earlier this week, we stated yesterday that failure to lock below 2338 and 2324 will establish support above this range for another retest at the levels above. - 2324 Goldturn held as support confirmed with our algo for the bounce and BOOOOM straight to...
◳◱ On the $GAL/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 4.989 | 5.538 | 6.526 and support near 4.001 | 3.562 | 2.574. Entering trades at 4.876 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Galxe ▣ Rank: 183 ▣ Exchanges: Binance, Kucoin,...
◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.008778 | 0.009141 | 0.009767 and support near 0.008152 | 0.007889 | 0.007263. Entering trades at 0.008612 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name:...
◳◱ On the $MAGIC/ CRYPTOCAP:BTC chart, the Bband Breakout Super-Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001628 | 0.0000179 | 0.00002071 and support near 0.00001347 | 0.00001228 | 0.00000947. Entering trades at 0.00001586 could be strategic, aiming for the next resistance...
MAGIC broke through the resistance level and the descending trendline. The bullish movement to $1.23 is expected to happen.
There are too many long candles and sudden changes in trend today. I won't be trading for now, although I'm keeping an eye on SGDJPY. If I spot a trade signal there, then I'll consider trading. However, I'm also staying alert for signals in other currencies, there might be a change later on. Disclaimer: I'm still on a demo account. Once I reach my target amount...
The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the...
Australian consumer inflation expectations increased in April Australian consumer inflation expectations for April: 4.6% Previous: 4.3% The RBA will not want to see inflation expectations become out of control.
Gold turned down after the US CPI report increased higher than expected. Gold "free-falled" to $2,319 as the US CPI report exceeded estimates and the market downplayed interest rate cuts. During the April 10 session, gold prices fluctuated strongly after the announcement of US CPI data exceeding estimates. The precious metal fell from $2,349 to $2,319 and then...
Market Analysis PT2/2 (11th April 2024) XAUUSD Analysis On the 1 hour timeframe, price has created a bearish Change of Character with a body candle close, caused by the movement from CPI. This means that the 1 hour timeframe has shifted bearish and shorts are more favoured. On the 15 minute timeframe, price has created an unmitigated orderblock that hasnt...
Hey Everyone, Yesterday we hit the 2364 target completing this chart idea. This followed with the rejection into 2338 and 2324, as no further lock above 2364, which is a good area of weighted support providing plenty of bounces inline with our plans to buy dips. If this level holds we are likely see another attempt at the levels above for a test should 2324 now...
EUR/USD rises up to touch the highs of the day in the 1.0970s on Friday after the release of US Nonfarm Payrolls shows disinflationary wage data and a suprise rise in the Unemployment Rate in February. The EUR/USD rebounds after edging lower after comments from ECB officials put the possibility of an early interest-rate cut in April back on the table. EUR/USD...
BTC broke through the ascending trendline and the support level. A decline to the support level at $66317 is expected to happen next.
Gold prices continue to increase as the war situation in the Middle East escalates. Gold prices are currently increasing for 3 consecutive sessions and are currently trading around $2,349.70. During the April 9 session, gold prices continued to increase sharply, extending their upward momentum to 3 consecutive sessions and currently XAU/USD is trading around...
Short Term Trading Advice by Naranj Capital Buy Dominos Pizza ● Buy Range- 494 - 500 ● Target- 525 - 530 ● StopLoss- 480 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days
Short Term Trading Advice by Naranj Capital Buy StoneCo ● Buy Range- 17.1 - 17.5 ● Target- 18.6 - 19 ● StopLoss- 16.2 ● Potential Return- 7-9% ● Duration- 9-10 Trading Days