In the early Asian trading session, gold remains stable, having pulled back overnight due to the increase in U.S. Treasury yields. Bond yields, which move in the opposite direction of both bond prices and precious metals, exerted downward pressure on gold. Furthermore, the release of fresh data overnight indicating a strengthening U.S. economy has heightened...
EURJPY Structure to Long. Nice potential. Structure is HH/HL
ORCL Upside break-out of a Descending Pennant. Some things to note: Hold of 50 EMA within the pattern High volume entry into the pattern with descending volume throughout Notable pickup in activity on the upside break MACD Cross coinciding with break Throwback following the upside break that tracks along the upper bound of the pattern and is halted at...
The euro is in the process of challenging significant thresholds in relation to certain currencies, as the release of Euro area GDP data (scheduled for later today) and the forthcoming FOMC minutes (slated for Thursday) approach. It is anticipated that economic expansion within the Euro area likely decelerated to a rate of 0.6% on a year-on-year basis during the...
Riding the Waves of Optimism: Unveiling the Bullish Trajectory of HBAR In the world of cryptocurrency, Hedera Hashgraph (HBAR) has been making substantial strides that echo a promising future. The buzz surrounding HBAR's potential ascent to $0.13 in 2023, as suggested by market experts, has invigorated the crypto community with enthusiasm. While predictions are...
Uber Technologies Inc, the prominent American ride-hailing company, has recently reported its first-ever operating profit, signifying a successful shift to profitability. The company posted pre-tax earnings of $326 million (£255 million), a significant improvement from the previous year's operating loss of $713 million (£558 million). The turnaround is primarily...
Gold prices in early Asian trading on Tuesday were indecisive as traders prepared for an expected rate hike and monitored monetary policy cues from the U.S. Federal Reserve in the coming two days. Key points: - Spot gold inched up 0.2% to $1,958.20 per ounce by 0119 GMT, while U.S. gold futures slipped 0.1% to $1,959.90. - The dollar index reached a nearly...
Technical Analysis for USDCHF: - Descending triangle forming (consolidation pattern) - If price break support level at 0.8570, we could see continue bearish movement - The break of this support zone would be confirmation of entry - Indicators are suggesting potential bearish movement to come - Following the overall trend of this pair, which is bearish
Analysis for EUR/CHF short: - Descending channel Previous support acting as resistance at the 0.9685 level. - Indicators suggesting bearish movements on 4H timeframe - Overall bearish trend - Important rejection at the .9685 level
Analysis: AUD/JPY Bullish Flag Pattern Breakout Trade Based on my analysis of a bullish flag pattern breakout in AUD/JPY, i have formulated a trade plan to capture the continuation of the bullish trend. Here is a breakdown of your trade plan: Currency Pair: AUD/JPY Entry Price: 98.827 Stop Loss (SL): 94.093 Take Profit (TP): 108.330 Bullish Flag Pattern...
On Wednesday, gold prices saw a slight increase as the U.S. dollar weakened and bond yields retreated, with investors eagerly awaiting U.S. inflation data to gain insights into the Federal Reserve's stance on interest rate hikes. At 0053 GMT, spot gold (GOLD) rose by 0.2% to reach $1,935.39 per ounce. Similarly, U.S. gold futures (GOLD) also experienced a 0.2%...
USDZAR | Weekly Looking to the left on USDZAR based on my initial analysis, we notice that we he had a target for USDZAR at 21.2xxxx - 21.5xxxx after which we saw USDZAR rally all the way up to 19.93xxx creating a new high for the USDZAR we saw it fail to break above our 20.xxxxx psychological level. After failing to break above the 20.xxxxx level we noticed...
NVIDIA is a renowned technology company known for its cutting-edge advancements in areas like artificial intelligence, gaming, and high-performance computing. With a strong track record of innovation and a leading position in its industry, NVIDIA has established itself as a standout company. Since October 2022, NVIDIA shares have been on an upward trajectory, and...
Adobe Inc. (ADBE) stands out as a company with strong fundamentals. Adobe is renowned for its exceptional products such as Photoshop, Acrobat Reader and Creative Cloud. ADBE's price climbed up to 54% since May 2023 Rather than succumbing to the fear of missing out (FOMO), a patient approach is warranted. I refused to chase the price. I want the price to come to...
Bitcoin, renowned for its volatile price swings in both upward and downward directions, is currently experiencing the longest period without a significant bullish move, according to the Relative Strength Index data. The question arises: How long has it been since BTCUSD last exhibited a fully bullish trend? And how does this current data compare to previous bear...
EGLE Trap and range decent gains coming
Spot gold price, reflecting gold trading physical gold and is closely followed by some traders against gold futures, at $1,934.82 at 14:10 ET (18:10 GMT), down $1.53 or 0.08% on the day. Before that, it fell to the lowest level in three month is $1,919.44. Despite Wednesday rally, some analysts Analysts predict gold will continue to weaken as the Fed continues...
TVC:GOLD The Gold Price has already breached the two short-term key supports around 1,935$ and 1,930$ respectively. However, the 1,928$ round figure and the previous bottom of around 1,925$ prods the XAU/USD bears on an important day. Meanwhile, the previous monthly low of around 1,930$ prods the Gold buyers ahead of the Fibonacci 23.6% on the daily and weekly...