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The GBP/USD is trading lower around the 1.2270 level in this morning's session, ending a two-day rally. The GBP/USD pair is facing slight pressure ahead of the UK employment data release later today. There is an 80% chance that the Fed will keep interest rates unchanged in December. In the case of dominant safe-haven flows in the financial market, it may be...

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The USDJPY is approaching the sensitive level of 152.00, but still faces immediate resistance at the 151.70 level. Stronger inflation data could convince the Fed to raise interest rates more in the December or January meeting to bring inflation back to target. Conversely, this could strengthen the US Dollar (USD) and act as a favorable catalyst for the USD/JPY...

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Hello everyone, today Novaria will write an article about a discount idea! It cannot be denied that Bitcoin is rapidly increasing, but the potential for a decrease still operates alongside that trend. By observing the chart from a 4-hour timeframe, we can still expect a discount period as BTC forms a reverse cup and handle candlestick pattern (indicated by the...

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BTCUSDT has broken out of the uptrend channel and continues to rise strongly. The price of bitcoin has started a new upward move around the resistance level of $36,800. BTC has accelerated to move clearly above the resistance level of $37,000 to venture further into positive territory. It even climbed to a level of $38,000 before experiencing a downward...

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At the start of the week, USDJPY continued to strengthen after finding support around the 150.500 region. The upward price trend is expected to extend further, with the next target for this currency pair being at 152.55 before a subsequent downward correction occurs.

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Novaria has some viewpoints on gold that we would like to share with you: The price of gold is currently trading with a slight recovery, up $10 from yesterday, and is currently at $1946. The Fibonacci retracement indicator, marked by an ellipse, indicates that gold is approaching the perfect levels of 0.5 and 0.618 in the wave 2 recovery phase from wave 1. If...

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The GBPUSD on the 1-hour chart is currently receiving support from a previous price increase around the 1.220 area, which is a positive signal for a decent recovery. In terms of this week's outlook, the GBP/USD pair may have received a boost from better-than-expected preliminary GDP data released by the UK on Friday, along with a weaker US dollar. The current...

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The GBPUSD continues to decline within a parallel downtrend channel, with the support level at 1.224 being broken and turning into a new resistance level. A new downward force is forming as the dominant trend remains focused on price decreases, with the immediate target being to find support in the range of 1.212.

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Continuing to maintain a bearish outlook, Novaria is anticipating a drop in EURUSD due to concerns about economic recession in the Eurozone, which could limit the upward momentum of the Euro. Currently, the currency pair is still constrained below the 1.07 level, and our focus today will be on the release of the Consumer Price Index (CPI) report in the United...

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The price of gold is currently trading in the range of 1939 - 1940 USD at the beginning of the week, and it is undergoing a corrective uptrend. According to our chart analysis, the Selling strategy will still be prioritized as the price continues to operate within a descending channel. The current resistance level is around 1950 USD. If gold encounters this...

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The gold price today started the trading session with minimal changes and stable trading around the price range of 1939 - 1940 USD. Upon careful observation of the 4-hour chart, it appears that the precious metal is gradually forming a downtrend pattern, with an estimated price drop to the 1910 USD region, which coincides with the previously extended support level.

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The new week for EURUSD has not seen much volatility, with trading revolving around the price range of 1.068. However, the currency pair still favors a downward trend, with the possibility of breaking through the current support level and finding its way to the lower support area around 1.055, indicated by the trendline. As long as this currency pair continues to...

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The USDJPY continues to receive price support from market information on the USD. The price is approaching the high point of 151.700. The bearish side may take action to push the price back down, but it is possible that the price will soon surpass that high point and move towards the target of 152.xx. Novaria's idea is to form a double bottom pattern and receive...

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According to predictions, as of yesterday, the price of gold has plummeted without brakes, with the precious metal decreasing by $19.5 to $1,938.7 per ounce. This is due to the "hawkish" signals from Federal Reserve Chairman Powell on Friday, which have engulfed gold in a context where this precious metal is lacking supportive factors. It is expected that gold...

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The EUR/USD currency pair faced downward pressure and dropped below 1.0700 during the last trading session in the US on Thursday. The pair remained relatively quiet at the start of Friday, with technical outlook suggesting a mild pause in the current downtrend at 1.068. If EUR/USD fails to stabilize above 1.0680, sellers may still be interested and take control...

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Today, the price of gold continues to move away from the $2000 zone, which has been the case since the beginning of the week. Currently, the precious metal is trading around $1951. Here are some important pieces of information: Regarding news that caused the decline in gold prices: The USD remains strong, and the US benchmark interest rate is at its highest...

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Novaria greets you all! Gold has declined over the past week, but today, on the final trading day of the week, the price has rebounded after receiving positive news yesterday evening. Currently, the price of the precious metal is trading around $1960 USD and is receiving support from the level of $1950 USD, as previously analyzed. Using Fibonacci analysis after...

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Today, the price of gold continues to prioritize the downward trend, with prices fluctuating within a narrow range after surpassing two important price support levels at $1980 and $1965. The price range is narrowing, and gold may further decline towards the $1940 area before a new trend is formed and clarified in the coming week.