Henry_TM

Henry_TM

Gold is breaking free from the downward trend and is now undergoing a price increase. Currently, the precious metal is trading around the $1968 - $1970 range, with a possible correction at $1,940/$1,950. If the price successfully establishes an upward momentum, gold could accelerate its rise towards the initial resistance level at $1,975/$1,980. Surpassing this...

Henry_TM Updated 

GBPUSD has set a new high yesterday, reaching the level of 1.250 and surpassing the peak at 1.239. Currently, the price is undergoing a corrective move towards the new trend at 1.24 or possibly lower to test the 1.23 EMA after a recent breakout. Despite the correction, the upward momentum of GBPUSD remains intact, with a target of 1.26x.

Henry_TM Updated 

BTCUSD is currently undergoing its first downward correction, moving away from the EMA's range of activity. The uptrend price trendline may be broken, and the subsequent decrease, after the formation of a dow pattern, could bring bitcoin back to around $31,000, the previous support level, before the uptrend resumes.

Henry_TM Updated 

The USDJPY is experiencing a sharp decline as the USD weakens significantly, acting as a major resistance for the currency pair. The peak of 151.7 has proven insurmountable, and USDJPY is now on its way to finding new momentum below the key support level of 149.00. If the currency pair responds well to the upward pressure from this support level, we can expect a...

Henry_TM Updated 

EURUSD is surging today, trading at a one-month high and gaining 1.25% on the day. The uptrend continues to consolidate and reach higher recovery levels at two levels of 0.5 and 0.618 of the fibo scale, respectively with prices 1,085 - 1,096.

Henry_TM Updated 

Gold prices have strengthened near the 1965 level at the start of today's trading session. Weaker-than-expected US inflation and a decrease in US Treasury bond yields have boosted demand for precious metals and helped them regain value. In the near term, the chart favors an upward trend, although momentum has somewhat faded. Immediate support is at $1,956, as...

Henry_TM Updated 

EURUSD continues its winning streak with trading prices at 1.087, the highest level in over a month. Following the weakening of the USD after the US Consumer Price Index (CPI) remained unchanged in October, contrary to expectations of a 0.1% increase and an annual rate of 3.2%, lower than the previous month's 3.7%. Core inflation also slowed down more than...

Henry_TM Updated 

Gold prices continue their downtrend and have broken the 1970 USD level, the precious metal is receiving support currently at 1933 USD and trading in a range around 1947 USD with thepossibility of a further decline towards zero, 5 fibo at 1910 USD. Wishing you successful trading.