Forex48_TradingAcademy

Forex48_TradingAcademy

The USD/JPY has recently surged to a multi-decade high of 154.88, reflecting a steady climb. However, uncertainty looms over the pair, with traders refraining from placing new bets due to the threat of Japanese currency market interventions. Widespread weakness in the US dollar is also curbing bullish potential. Despite reaching a new high for April and the past...

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The analysis on gold presents a complex picture influenced by various factors. Initially, the precious metal recorded a significant loss, exceeding 2% during the day and dropping below $2,340. This decrease was primarily attributed to the easing geopolitical tensions, which prompted a deep correction in the XAU/USD market. Additionally, the resilience of US...

Forex48_TradingAcademy

EUR/USD has shown a significant upward trend, surpassing the key level of 1.0650. This upward movement was primarily driven by a shift in risk sentiment, with investors moving away from safe-haven assets, thereby weakening the US Dollar. The Relative Strength Index (RSI) on the 4-hour chart indicated a recovery towards the 50 level, signaling a reduction in...

Forex48_TradingAcademy

Detailed Analysis on USD/JPY Recent Market Dynamics The Japanese Yen has recently attracted some buyers and recovered a portion of the losses incurred after Wednesday's US CPI release. Concerns about potential intervention by Japanese authorities, coupled with a weaker risk tone, have supported the JPY and exerted pressure on USD/JPY. Divergent Monetary Policy...

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The analysis of USOIL (West Texas Intermediate) takes into account multiple factors influencing the current oil market. Geopolitical tensions: Growing tensions in Gaza and concerns about potential attacks from Iran in the Middle East are adding a risk premium to oil prices. These events could lead to disruptions in oil supply, increasing price volatility. Supply...

Forex48_TradingAcademy Updated 

Recent trend in the price of gold: The price of gold has seen strong gains up to a historical peak reached on Monday. This suggests a bullish momentum in the short term. Factors influencing the price of gold: Federal Reserve monetary policy expectations: Expectations that the Fed may delay interest rate cuts are limiting further gains in gold. This could be due...

Forex48_TradingAcademy Updated 

The pound started the week with a slight bullish tone against the US dollar. This increase was favored by a slightly weaker dollar, accompanied by a moderate risk appetite in the market. This scenario allowed the pair to extend its recovery from the lows recorded after the Nonfarm Payrolls (NFP) report, bringing it back towards the 1.2600 level. Positive...

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The British Pound experienced a significant decline during the mid-North American session, primarily due to the outlook of US economic data, which could influence the Federal Reserve's interest rate decisions. Optimism regarding the strength of the US economy bolstered the US Dollar, while US Treasury yields increased significantly, exerting additional pressure on...

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The analysis on EUR/USD shows a strong bearish pressure that led the cross to touch its lowest level since mid-February, dropping below the level of 1.0750. The daily chart indicates that EUR/USD is confined within a 20 pip range below the level of 1.0803, which corresponds to the 61.8% Fibonacci retracement of the previous rally from 1.0694 to 1.0981. In the...

Forex48_TradingAcademy Updated 

The beginning of the week saw the US dollar strengthen, pushing the EUR/USD below the key support level of 1.0900. A break of the March peak at 1.0981 is expected to lead the pair to challenge resistance at 1.0998 and the psychological barrier at 1.1000. However, a potential drop below the 200-day moving average at 1.0838 could push the pair to the 2024 low of...

Forex48_TradingAcademy Updated 

Detailed analysis of GBP/USD: Recent Performance: GBP/USD has shown a significant rebound, surpassing the 1.2700 level after touching its lowest point in two weeks below 1.2670 on Tuesday. This movement suggests a certain degree of short-term resilience, but the future direction remains uncertain. Investor Sentiment: Investors appear to remain cautious about...

Forex48_TradingAcademy Updated 

Gold trading experienced a pronounced negative trend below the $2,170 level during Friday's session, primarily influenced by the persistent strength of the US dollar. Nevertheless, the pair appears poised to record modest weekly gains after pulling back from the record high above $2,220 touched on Wednesday. From a technical standpoint, there seems to be a...

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The USD/CAD is currently hovering around 1.3540 during the Asian hours on Friday, indicating potential signs of a halt to its four-day consecutive negative trend. This stabilization could be attributed to the positive sentiment surrounding the US dollar, fueled by the Federal Reserve's hawkish stance on maintaining higher interest rates. Specifically, the US...

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Resumption of the rate up to 151.00 and rebound of the US Dollar: The US Dollar has shown a recovery, bringing the USD/JPY rate back up to 151.00. This suggests an increase in demand for US Dollars compared to the Japanese Yen, which could be influenced by a range of economic and geopolitical factors. Upward revision of US economic outlook: The upward revision of...

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The analysis on XAUUSD highlights a likely corrective period for gold, in line with the movement of the US dollar and Treasury bond yields. After a period of steady growth, the price of gold is now consolidating recent gains, with the Relative Strength Index (RSI) signaling a high level of overbought conditions, potentially foreshadowing an imminent downward...

Forex48_TradingAcademy

The GBP/USD exchange rate experienced a positive rebound the previous Friday, rising from the round figure of 1.2600 after touching a one-and-a-half-week low. This positive momentum continued into the following Monday, with spot prices reaching a multi-day peak in the range of 1.2660-1.2665 during the Asian session. However, the Relative Strength Index (RSI)...

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The EUR/USD exchange rate continues to fluctuate within its daily range above the level of 1.0800 during Friday's American session. Economic data from the United States shows that the ISM Manufacturing PMI decreased more than expected in February, making it difficult for the US dollar to gain momentum. Nonetheless, the EUR/USD has found support around 1.0800 but...

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EURNZD has a bearish structure supported by a descending channel, with a high registered at 1.7935 on January 22nd. Currently, the price is in the H4 demand zone. I expect a possible trend reversal, with a change in structure to the upside on M15 followed by a retest in the BOS impulse zone. In this case, if the market follows this scenario, I would enter a long...