OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 48 - 2023 This week, international gold prices opened at 1,977$, then decreased slightly to 1,964$, then continuously increased sharply beyond 2,000$ to 2,007$ and closed the week at 2,002$. The reason why international gold prices have continued to increase sharply this week is because the USD has...
The BoJ meets next week. Governor Ueda last week signalled no change in policy. The cross is technically stretched so a correction could be overdue. However, it is difficult to envisage a sustainable turnaround until the BoJ raises rates, abandons YCC or the SNB sells Swiss Franc. Neither of the three scenarios looks plausible in the near term. BoJ intervention...
The wars are no longer strong and the main thing is that oil prices will decrease again after a period of adjustment Regarding technical analysis, when measuring fibo oil will retest the 0.5 zone and will fall deeply
OANDA:USDJPY pair remains under heavy selling pressure for the fourth successive day on Tuesday – also marking the fifth day of a negative move in the previous six – and dives to over a two-month low heading into the European session. With the latest leg down, spot prices have retreated over 450 pips from the 152.00 neighbourhood, or the YTD peak touched earlier...
OANDA:XAUUSD rebounded, rising back above the 20-day Simple Moving Average (SMA) at $1,975. In order for the momentum to gain further strength, OANDA:XAUUSD needs to close above $1,975 on a daily basis. On the other hand, if there is consolidation and a daily close below $1,960, it would indicate a potential extension of the correction. Looking at the 4-hour...
OANDA:EURAUD The relative resilience of the Australian economy suggests scope for the AUD to outperform both the NZD and the EUR over the coming months, economists at Rabobank report. OANDA:GBPAUD We are therefore looking at a trend continuation play in the GBPAUD. The recent daily pull back is now showing some bullish price action in the form of a bullish...
OANDA:XAUUSD broke above the 20-day Simple Moving Average (SMA) at $1,974 and the $1,975 resistance area, rising to $1,987, the highest level since November 6. As long as the price remains above $1,974, the focus will be on the next strong resistance area seen at $1,992. A break above this area would likely see the yellow metal rise above $2,000. The 4-hour...
Short remains the strategy and constant weekly program until low 140.00's trade. The downside potential for OANDA:USDJPY is enormous. OANDA:USDJPY short, medium and long term trades massive massive overbought. The target at 140.00's is bare minimum. For the week, OANDA:USDJPY targets low 150.00's. If there is a good signal, I will update everyone soo n
OANDA:USDJPY Short remains the strategy and constant weekly program until low 140.00's trade. The downside potential for OANDA:USDJPY is enormous. OANDA:USDJPY short, medium and long term trades massive massive overbought. The target at 140.00's is bare minimum. For the week, OANDA:USDJPY targets low 150.00's. OANDA:EURJPY The OANDA:EURJPY ...
The daily chart for OANDA:XAUUSD shows the risk skews to the downside, as technical indicators aim marginally lower within negative levels. Still, the pair recovered above the 38.2% Fibonacci retracement of the daily advance between $1,810.41 and $2,009.34 at $1933.20, an immediate support level. At the same time, the intraday slide briefly pierced the 100 and...
Inflation released this week is expected a difference of 0.1 and 0.2. The written analysis over past months was correct and here's why. Since Inflation highs in June 2022 at 9.1 and 15 months later to current 3.7, each Inflation release averaged 0.36. The actual drop for each Inflation release was 0.1 and 0.2 and failed to meet or exceed the 0.36 average. The...
Gold struggles to gain during the early European session on Monday. Investors await the highly-anticipated US Consumer Price Index (CPI) on Tuesday for fresh impetus. XAU/USD price is trading around $1,940, gaining 0.18% on the day. Gold struggles to gain during the early European session on Monday. Investors await the highly-anticipated US Consumer Price Index...
OANDA:EURJPY clipped the 161.00 handle on Tuesday, etching in a 15-year high as the pair clatters along the ceiling heading into a round of EU Retail Sales figures. OANDA:EURJPY bump into the 161.00 handle sets a fifteen year high for the pair, and is continuing to push further away from the 50-day Simple Moving Average (SMA) after rebounding from last...
OANDA:XAUUSD prices face challenges, partly because traders have factored in the downside risk premium from the Israel-Hamas conflict. The lack of escalation of the conflict has reduced safe-haven demand for Gold H2 Chart shows that OANDA:XAUUSD price is maintaining above 196x, resistance zone at 1970 1972, below 0.5 zone of fibonacci retracement, stable...
OANDA:XAUUSD price is extending the previous decline toward $1,970 in early Tuesday, as the United States Dollar (USD) remains on a gradual recovery path amid a negative shift in risk sentiment. Traders await the return of the public appearances from the US Federal Reserve (Fed) policymakers for a fresh trading impetus. Gold price defended the rising trendline...
OANDA:NZDCAD Previously, a butterfly pattern was formed, along with a strong resistance zone (annotated in the photo). Additional support is a sell signal. 🔽S ELL NZDCAD zone 0.81850 - 0.82000 SL : 0.82450 TP 1 : 0.81600 TP 2 : 0.81300 TP 3 : 0.80900
TVC:USOIL According to strategy and time frame h1. The model is stuck in the price range and is sideways. So I expect the sell signal to return SELL LIMIT USOIL zone 81.2 - 81.5 -TP : 79.3 -TP : 79.5 SL : 82.1
Golden strategy Gold price is treading water below $2,000 at the start of the week on Monday, as buyers take a breather amid a recovery in the US Dollar alongside the US Treasury bond yields. An upbeat mood also caps the Gold price upside. 🌐 OANDA:XAUUSD PLAN November 6 🔴Watch for SELL Price range 2004$ - 2002$ - stoploss: 2008$ Watch to BUY price...