GBPUSD receives support from 2500 and a rise within the consolidation range for the fourth trading day on trading within the borders between 2616 and 2458, the lowest 50-day average with balanced momentum RSI=50 The positive outlook on the dollar may curb the pair's rise, which is expected to rebound from the 2700 . areas to watch 2650 2500 2450
GBPCAD The medium-term outlook is negative Important support test at 5880 in the long term Short term support at 5800 Negative momentum and expectations of extending the decline to 5580 More oil price recovery supports the Canadian CAD, which supports the negative outlook on the GBPCAD pair
Fears of slowing US economic growth with stable bond yields pressure the dollar index again after the latest recovery attempt below the 102 mark And stay tuned for today's NFP employment data After April 428K, May is expected to be around 325K, but the possibility of its positive impact weakens unless the unemployment rate declines
As the dollar recovers, the chances of gold falling increase Do the prices believe this saying, especially with the noticeable purchasing refusal on gold prices with testing the 1858/64 resistance area? Gold momentum is starting to visit negative territory for the second time Waiting for the 1840/35 test
Further decline in 10Y bond yields with a relative rise in risk appetite pulled the rug from under the dollar usd whose DXY index has resumed its 14% decline from the top With a positive tone from the Australian Reserve, the currency supported This led to the rate of rise that we saw in the previous period Technically on 4 hours AUDUSD Follow the wave scenario...
On the daily frame Previous price congestion axis at 107.20 forms a stronger support than expected for UKOIL oil moves and brings prices back to retest the $114 resistance We notice the gradual decline in the size of the candles, and this is a technical indication of the weakness of the rise The momentum is balanced on RSI and its decline below the 50 line...
The continuation of the wave of correction of the US dollar index down from the last 105 top, with a loss of 2.35% of its value, and on the verge of testing important support at 102.35 levels, in line with the extension of the correction wave of 10Y bond yields to 2.8% There is no change about the motives for the dollar’s rise so far, and more tightening from the...
Bond yields are starting to fall And oil is rising again, as USOIL is currently at $114.17 a barrel, which supports the Canadian dollar So the USDCAD pair has bearish factors technically The end of a five-wave impulse rise and the beginning of a strong decline Important observation area 2820 - 2780
China's approach to the end of the closure helped increase the demand for commodities with an improvement in risk sentiment, with which the demand for the dollar declined, and supported the Australian from its last bottom at 0.6829, up for the third day in a row technically The expected waveform arrangement puts an end to the first impulse descending wave,...
The continued control of gold sellers and the return of prices to the center of the accidental price congestion area in which the price fluctuated from May 2021 to January 2022 before its recent rise, which exceeded $ 2060 an ounce A closer look at the movement, we notice an imminent test of the 1780/90 levels While maintaining the current negative outlook, with...
After achieving the expected target with testing the 1.04 barrier and below 1.0354, the euro began to attract buyers upwards in a corrective wave that recorded 1.0419, but it seems that the industrial production data for the euro area declined less than expected in March, indicating a slowdown in the activity of the manufacturing sector, which returned prices to...
An impulse rise followed by a corrective decline Probably not finished yet Expected scenarios Bullish bounce with the end of the correction expected from 0970 Bullish break through 1.1053 Supports upside potential Positive momentum RSI14>50 MACD bullish cross
For USDJPY, the outlook is positive The dollar is gaining strength as a safe haven with the recent economic changes, monetary decisions and tensions The yen is also considered a safe haven currency Therefore, the expected rise of the pair will not be at the same strong pace expected in the rest of the pairs in which the dollar is against one of the risk...
The US dollar still maintains some strength after the DXY recorded the last peak at 103.78, before the results of the Job Openings and Labor Turnover Survey (JOLTS) were released today. Also this week, the US dollar is awaiting many important indicators that affect its trading, starting from tomorrow, Wednesday The 1.4% decline in first-quarter GDP released last...
Harmonic Gartley Gold XAUUSD is approaching the completion point of its formation at levels of $ 1840 per ounce, coinciding with the recovery of the US dollar A current test of pivotal support at $1853.80 Expected rebound zone between 1853.80 and 1840
My outlook on usoil now Oil is currently going through a price congestion zone The landing is technically swinging with testing and rebounding We await confirmation of the bearish scenario with a break of 107.07 Or invalidity by exceeding $113.33 upwards 4 hour chart
GBPCHF Rebound strongly from the 2360 bottom after a relative momentum decline in the price decline with the end of the previous wave The price tests the first target range for the rally compared to its previous wave movements at 2450 More Buy Pressure Supports access to the second expected range at 2490/2500 in line with the 100 MA (on the 2 hour frame) and the...
The $1400/$1410 barrier is strong resistance since August 2013 Looking closer to the current medium- to short-term moves(H1 time frame) we notice a decline in the positive bullish momentum And a relative slowdown in the pace of the rise - especially the recent wave This supports the notion of a bearish rebound even if it is correct towards 1380 levels