rTrader_official

rTrader_official Updated 

The analysis of XAU (gold) in light of the expanding US economy and the strengthening USD suggests that if the USD continues to grow, it may have a downward impact on XAU. Signs of economic expansion in the USA often lead to increased investor confidence in riskier assets, reducing the demand for safe-haven assets like gold. Additionally, a stronger USD makes gold...

rTrader_official Updated 

hey guys, I've been closely monitoring the movements of XAU and the US dollar, especially in light of the recent recession in the US economy. While the US economy is slowly regaining trust from the market, XAU is still considered a safe asset compared to the US dollar. Given the current inflationary environment, there is a low probability that the US dollar will...

rTrader_official Updated 

The XAU/USD is currently showing a lot of strength and is respecting the bullish trend that it has been on. Fundamentally, the demand for XAU is currently higher than the supply, which is being driven by a combination of factors such as DXY weakness, global events, and high inflation. Although there is an expanding demand potential for USD, it is still relatively...

rTrader_official Updated 

As you can see price respect the bullish Trend as well, I'm expecting that it should continue to goes up and reach to my Targets very soon. Targets:136, 137

rTrader_official Updated 

There are two possible scenarios for EUR/USD at the moment. The first scenario is that the current trend will continue and the price will break out, potentially leading to a rise in the price to a new high, or HH. The second scenario is that the price may drop from the current consolidation area, indicating a potential bearish trend. It is difficult to predict...

rTrader_official Updated 

GBP/USD is facing two potential scenarios in the near future. The first scenario is that the current trend will continue and the price will break out, potentially leading to a rise in the price to a new high, or HH.. The second scenario as we can see price is made double top and the price may drop from the current consolidation area, indicating a potential bearish...

rTrader_official

Fundamental Analysis: Based on the pro financial analysis, it appears that the USA economy is showing signs of growth with the help of leading indicators such as PMI, expanding manufacturing activities in NY states, and a decrease in unemployment rates and inflation. These factors suggest that the economy is slowly expanding, which could result in increased demand...

rTrader_official Updated 

The price has recently reached a higher high (HH) with huge demand observed in the market over the past few weeks. However, we have seen a rejection at this higher high, which may indicate that the price is due for a correction before the next bullish continuation. Based on my analysis, I believe that XAU could potentially experience a correction to my target...

rTrader_official

I have been closely monitoring the movements of USDJPY, and it is clear that the pair has recently shown some signs of weakness. However, it appears that USDJPY may be in the process of forming a bullish structure once again. Based on my analysis, I believe that the price could potentially reach key resistance levels in the near term. Additionally, there is...

rTrader_official Updated 

I have been closely monitoring the AUDNZD pair and have observed that it has been trading in a descending channel. Currently, it is approaching a critical juncture as it is about to test the psychological level at 1.06800. This level has proven to be significant in the past and a breach below it could lead to a further decline in the pair. Moreover, the market...

rTrader_official

I have been closely monitoring the movements of GBPUSD, and it appears that the pair may be due for a correction in the midst of a bullish trend. Based on my analysis, I believe that the correction could extend to the 0.5 Fibonacci retracement level or even to the 0.618% Fibonacci retracement level, which are common levels for corrections during bullish...

rTrader_official

I am pleased to see that my last analysis of the market has played out as expected. The price has reached the targeted level and has encountered a strong resistance zone on the daily timeframe. Additionally, the market is currently overbought and has fallen below the psychological resistance level of 1.1000. This price action indicates that there is a possibility...

rTrader_official

I have been monitoring the movements of the U.S. Dollar Index (DXY) closely and it's clear that the bearish trend is continuing. The recent price action shows that DXY found support at a major level of 101. However, I believe that this is only a temporary support level and the correction could continue to 103 before resuming its downward trajectory. From a...

rTrader_official Updated 

Fundamental Analysis: The EUR/USD currency pair has been exhibiting a bullish trend for quite some time, there are indications that the distribution of the dollar in the market is still ongoing. , there are signs that inflation has dropped in both countries, which could potentially lead to a decrease in the demand for the US dollar. Furthermore, many leading...

rTrader_official

As per the previous analysis, the XAU/USD (gold) currency pair has been exhibiting a bullish trend, and the sentiment remains extremely bullish for gold in 2023. The ongoing distribution of the US dollar in the market is one of the primary reasons for the bullish sentiment. From a technical perspective, the price of gold is expected to reach the demand zone,...

rTrader_official

Hey Traders, The GBP/USD currency pair has been following a bullish trend and recently fulfilled the expectations of the previous analysis. The price dropped from a key resistance level and hit the target that was previously identified. currently, the market is experiencing a pullback from the resistance level that was broken through, and it seems to be heading...

rTrader_official

The US economy is showing promising signs of a decrease in inflation this month. This is due to the decrease in unemployment rates and an increase in employment rates, as well as a decrease in the Personal Consumption Expenditures (PCE) index. As a result, it is highly likely that the Consumer Price Index (CPI) will drop both on a month-on-month and yearly basis....

rTrader_official Updated 

I have been closely monitoring the factors contributing to the current bullish momentum of the EUR/USD currency pair. Despite both the Euro Zone and the USA maintaining a hawkish stance on interest rates, there are key differences in their respective economic situations. Europe is still grappling with higher unemployment claims and a lower GDP compared to the...