FOREXN1

FOREXN1 Updated 

In the most recent trading session, the Nasdaq, mirroring the broader trend observed across major US indices, underwent a significant retracement following an extended period of bullish momentum throughout the year. The Nasdaq's price descended to a demand zone situated approximately at the 50% level from the preceding swing on the daily timeframe. Subsequently,...

FOREXN1 Updated 

Gold experienced a significant retreat upon reaching the upper boundary of its channel, approximately at the value of 2333.35. Currently, the price has faced resistance and subsequently retreated from the 50% Fibonacci retracement level, indicating a potential pullback towards the upper bounds of the channel. In response to these developments, we are actively...

FOREXN1 Updated 

The Nasdaq has reached an intriguing point around the 17200 area, where it sits at the 61.8% Fibonacci retracement level from the previous swing low. Price action appears to be responding to this level on lower timeframes, and we've also observed a divergence on the RSI indicator on the H4 timeframe, coinciding with the price attempting to move out of oversold...

FOREXN1 Updated 

As the new trading week kicks off, the EUR/USD pair finds itself in a sideways movement, hovering around the 1.0660 mark. Last week, market participants witnessed a potential bullish momentum, sparked by several technical signals indicating a shift in sentiment. One notable signal was the recognition of a bullish impulse originating from the 78.6% Fibonacci...

FOREXN1 Updated 

In the intricate dance of global currencies, the EUR/USD pair has recently found itself swaying to the tunes of central bank pronouncements and economic indicators. The past few days have been particularly eventful, as remarks from key figures like European Central Bank President Christine Lagarde and Federal Reserve Chairman Jerome Powell have reverberated...

FOREXN1 Updated 

The AUD/USD pair continues its upward trajectory, marking its second consecutive day of gains after finding support at the 0.6400 level on Wednesday. Despite facing a mixed bag of economic data, the Aussie dollar remains steadfast, exhibiting resilience in the face of uncertainty. On the economic front, the Australian dollar experienced contrasting news. While...

FOREXN1 Updated 

The decline in the price of gold can be attributed to several factors. One of them is profit-taking by investors, considering that the precious metal has seen a 20% increase over the course of a year. This may have prompted some traders to close their positions to cash in on gains. Additionally, Hedge Fund Managers may have deemed gold as extremely overvalued,...

FOREXN1

The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...

FOREXN1

Within the seemingly tranquil surface of the forex market lies a realm of intricate complexities and dynamic interactions that dictate its ever-evolving landscape. Unlike the tumultuous fluctuations often witnessed in stock markets, the forex arena operates with a measured cadence, its movements orchestrated by an array of global forces. In this comprehensive...

FOREXN1

Investors often face a dilemma when considering whether to buy a stock just before its earnings announcement or wait it out. This decision can have significant implications for their portfolios. Currently, software giant Microsoft presents investors with precisely this dilemma, as it prepares to unveil its fiscal third-quarter numbers after Thursday's closing...

FOREXN1

Following yesterday's PMI reports, the EUR/USD pair is riding a bullish wave. It's currently trading at 1.0690, up from our starting point at 1.06150. Traders are optimistic about a continued bullish trend, backed by shifting market dynamics and data-driven sentiment. The recent surge in the EUR/USD can be traced back to disappointing PMI results from the US,...

FOREXN1 Updated 

In the wake of last week's unexpected setback for JPMorgan Chase's stock, investors are presented with a perplexing narrative. Contrary to expectations, the banking giant refrained from revising its 2024 revenue guidance, leading to a notable 6% drop in share price. Yet, beneath this seemingly negative surface lies a compelling investment opportunity, driven by...

FOREXN1

We're currently monitoring GBP/JPY for another potential entry opportunity within a defined range area. Our analysis suggests a possible upcoming bearish movement towards the lower boundary of the rectangle. It's worth noting that these trades are geared towards short-term scalping strategies. Therefore, we advise thorough consideration and evaluation of the...

FOREXN1

Navigating the labyrinth of financial markets requires a keen understanding of the two fundamental types of indicators: leading and lagging. These tools act as guides, offering traders glimpses into the future and affirmations of the past. To decipher their intricate roles, a primer on technical analysis is in order. Technical Analysis Unveiled At its core,...

FOREXN1 Updated 

As Silver trades around the $27.98 mark, investors find themselves at a crossroads, grappling with the implications of evolving market dynamics and economic indicators. While speculation surrounding potential interest rate cuts by the Federal Reserve (Fed) in June exerts downward pressure on the gray metal, a closer examination of seasonal trends offers valuable...

FOREXN1

Natural Gas Prices Rally Amidst Geopolitical Tensions and Market Sentiment Shift The price of natural gas is staging a recovery, currently trading around $1.80 as of the time of writing. Preceding any technical analysis, it's important to note that the US Dollar Index is experiencing a slight decline, as market sentiment favors risk assets over safe havens and...

FOREXN1 Updated 

As April unfolds, investors and traders in the corn futures market find themselves at a critical juncture marked by seasonal trends and heightened volatility. Historically, April has been a period of growth in corn prices, driven by various factors including planting intentions, weather conditions, and demand patterns. However, the current landscape presents a...

FOREXN1 Updated 

With Palladium hovering around the $1046 mark, investors are navigating a complex landscape shaped by shifting market dynamics and economic indicators. Employing a seasonal approach akin to our previous analysis on Silver, we observe that Palladium has historically experienced significant declines during this period over the past 15 years. This seasonal pattern,...