💡 EURUSD H1 uptrend continued when the price broke out and created a new high with a strong upward momentum yesterday. Due to the additional breakout in D1, EURUSD H1 is now favorable to wait to buy. The buy zone will be below, where the upper border was broken. If EURUSD H1 is pushed lower, the price action will form a false breakout signal, forming the basis for...
❤️ Hello everyone, hope you have a nice weekend 💡 As you know, this Friday, gold had a strong breakthrough when it was about to hit the 2,000 mark. That is completely reasonable in the context of the Middle East region being tense and investors flocked to gold to preserve their assets 💡 However, in a recent note, Fitch Solutions predicted that gold prices will...
Some EUR News 💡The ECB will hold a policy meeting next week, and market participants will closely monitor changes in economic direction and sentiment that could impact foreign exchange markets. 💡The ECB could start talks on changes to the Pandemic Emergency Purchase Program (PEPP). Any significant changes or signs of monetary tightening could impact financial...
💡 Stronger-than-expected UK inflation data raises the risk that the Bank of England may need to raise interest rates again or that interest rates may remain high for longer, followed by a rise in UK government bond yields . The CPI data will only put more pressure on the BOE's Monetary Policy Committee in deciding whether to continue to put pressure on interest...
💡The amplitude of EURUSD on the H4 frame is getting narrower, we will wait to see if it will break out of the margin, or if it will continue to narrow the amplitude. ✔️If it still runs in a narrow range, we can wait to Buy at 1.0535. ✔️If it breaks out of the border, we will sell at 1.0515
🔷 From last night into early morning this morning, the U.S. economy reported positive new jobless claims, but manufacturing indexes and business conditions worsened. Specifically, the number of new U.S. unemployment insurance claims last week was 199,000, lower than the previous week's 211,000 and also lower than expected by 212,000. The average number of...
🟡AUDUSD had another day of decline yesterday, but bar D1 yesterday closed 1/2 and had a long lower shadow, showing that there was buying pressure around the old bottom. Although the D1 AUDUSD chart structure is flat, it shows downward pressure because the bottoms are flat but the tops are getting lower. 🟡The H1 AUDUSD chart structure at this time is cumulative...
💡 Following recent dovish comments from some US politicians, investors are now awaiting Thursday's speech from Federal Reserve Chairman Jerome Powell for further guidance on interest rate trends. According to the CME Fed Watch tool, the market has priced in a 90% chance that the Fed will leave interest rates unchanged at next month's policy meeting. That number...
💡 GBPUSD accumulated sideways in H1, with no specific trend yet. Because the main trend in both D1 and H1 is slightly higher in the downward direction, the short-term solution of waiting to sell GBPUSD is the main trend. Only buy if the price breaks out to form an uptrend, and we will buy at the retest
🌟 The latest strong price push in the large H1 bar recently broke the recent peak, setting a new high price peak, continuing the upward price trend on H1 for gold. But at the same time, that strong H1 bar also caused gold to push above the upper border, a sign of overbought conditions. Because overbought is appearing in both time frames, H1 gold is best to wait...
🌟 EURUSD increased slightly in the last session and once again broke the falling price channel, reinforcing the possibility of creating a head and shoulders reversal signal. With these actions, the possibility of price increase is becoming more and more clear. If you still have a selling position following the downtrend, you need to set a stop loss above 1.06, do...
While the Israel-Hamas conflict shows no signs of easing, Alexander Zumpfe, precious metals trader at Heraeus, said investors are increasingly looking for stable investment opportunities during times like these. so and gold once again met these expectations. In addition to developments in the Middle East, investors are also keeping an eye on the stance of US...
📚 Safe-haven demand will push gold higher in the short term. Tight enough monetary policy and rising energy prices could easily kill the global economic outlook, the need for safe-haven assets becomes clearer. High inflation and a fairly solid economy could suggest the Federal Reserve will continue to raise interest rates, but eventually the economy looks set to...
🔔UK inflation, although improving, remains high compared to other developed economies. The BoE will look at next week's unemployment data and average earnings figures after the jobs market reported positive figures and wages data recently crossed the 8% mark (a concern for the bank ).
💡Last week, gold saw its best weekly gain since mid-March due to increasing safe haven demand as the Israel-Hamas military conflict shows no signs of abating. 💡In addition, the US announced tightening sanctions on Russian crude oil exports on Friday, causing oil prices to increase to 90 USD/barrel. Some analysts note that as oil prices continue to rise, gold's...
💡The H1 AUDUSD chart structure is bearish as the price creates a new low. The rebound to retest the recent peak of AUDUSD could be an opportunity to sell, following the downtrend of H1 and the downward pressure of D1. If AUDUSD H1 breaks above, the AUDUSD H1 structure will turn bullish, then you can wait to buy again.
Active consumers in the euro zone will save the economy from a hard landing. Although sluggish manufacturing, weak exports, high financing costs and geopolitical instability are holding back economic growth, spending is still rising as people benefit from a strong labor market. . The European Central Bank predicts the economies of euro zone countries will continue...
The Israeli-Palestinian conflict has worried investors, creating support for safe-haven gold. Gold is used as a safe investment during times of political and financial instability, but higher interest rates increase the opportunity cost of holding unprofitable gold. After a short period of weakness, inflationary pressures sparked a rise in US Treasury yields,...