Dear friends, Unable to surpass the $2,010 resistance level, gold experienced a loss of several dollars, declining by 0.18% throughout the day. At the time of writing, gold is trading at $1,978. Regarding market news: - The international gold market weakened after a decline in US consumer confidence. This has prompted an increased demand for holding USD,...
Dear friends, facing the pressure of 150.50, USDJPY is experiencing a quiet trading period. At the time of writing, the price is trading at 150.44. Regarding the news: In its monetary policy decisions, the Bank of Japan (BoJ) has kept interest rates at -0.1%, as expected by market participants. This is favorable for the USDJPY pair. The Japanese economy is...
Dear friends, Generally, the upward trend is the dominant trend for GBPUSD. At the time of writing, the price is fluctuating around 1.218, and it can be seen that the price has been steadily increasing in the past few days mainly due to the stable trend of this currency pair in the short term. Regarding price prospects, we need to pay attention to two important...
Dear friends, a new week has begun and we are here to explore today's market! To start off this week's trading session, GBPUSD has shown a slight downward trend with a target of 1.207. At the time of writing, GBPUSD is trading at 1.211, undergoing a correction to retest the previous uptrend zone. The price is expected to quickly retreat from this upward trend,...
Dear friends, gold has been fluctuating around $1995 at the start of the trading session, although it slipped below $2000. However, the price of the precious metal is still holding well at a high level. Currently, the market seems confident that the Fed will maintain interest rates. However, many opinions suggest that the important information will be the message...
Dear friends, USDCAD is maintaining its strong upward momentum and is currently trading at 1.384. This pair may receive price support due to the decrease in crude oil prices. Based on technical analysis chart: Breaking out of the ascending triangle pattern has led to an impressive price increase. This upward trend is expected to continue with a projected increase...
Dear friends, escaping the price hike channel has led the product into a downturn. Currently, the price is trading at 1.0556, and traders will seek signals from Germany's growth data, as well as inflation and GDP data from the Eurozone, ahead of the reserve meeting. The Union is eagerly awaited on Wednesday. For this reason, EUR sellers will continue to sell. As...
The AUDUSD is facing selling pressure, currently trading quietly around the 0.630 area. Breaking out of the descending triangle pattern has caused a significant decline in AUDUSD. Pay attention to how it declines after breaking below the previous support level at 0.616 but recovering earlier. This setup can help traders anticipate the next move and be cautious...
Dear friends, As we predicted long ago, UJ achieved the target of 150.00 by the end of the previous week, reaching its highest level of the year. However, the end of the trading session caused this currency pair to stop at 149.59. Breaking out of the trend channel caused UJ to decline, but a confirmed support at 149.50 has led to a correction in this currency...
Dear friends, gold continues to maintain its upward trend, currently trading at $1997. Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of global currencies, is hovering around 106.60 after a decline from 106.90. Positive economic data from the United States on Friday failed to boost the US dollar (USD) and support the...
Dear friends, Breaking through the resistance level of 32k (monthly resistance level) has led to an impressive price increase for the product over the past 17 months. The range of 30k to 32k will now serve as a support/buy zone until it is broken for the next price increase towards 40k! At the time of writing, the cryptocurrency market is trading below the 35,000...
Dear friends, breaking free from the upward trend has caused a significant decrease in GU. At the time of writing, GU has temporarily halted trading at 1.2117 and is showing sideways movement above the support level of 1.2000. In the short term, we still view the decline of GU positively. As the prolonged trend continues without any signs of reversal, the...
Dear friends, as I predicted, EUR is currently in a recovery phase with some adjustments. However, surpassing the psychological level of 1.063 still remains a challenge for this currency pair in general. At the time of writing, the EUR market has temporarily halted trading at 1.055 and there are no signs of a reversal for this currency pair. It seems that the...
Dear friends, USDJPY has reached the desired level of 150.00, and currently, the trading price is relatively calm at 150.22. My viewpoint is to retest the previous breakout area or a lower level of support to continue the upward trend of this currency pair. What are your thoughts? Do you agree with me?
Dear friends, Escaping the upward trend has led to a significant reduction in product prices. When the Euro (EUR) appeared weak against the US Dollar (USD) on Friday, the EUR/USD traded within a narrow range around 1.0500 by the end of the week. The greenback traded higher within the weekly range, reaching around 106.70 when measured by the US Dollar Index (DXY)....
Dear friends, during last week's trading session, we witnessed the Gold market surpassing the psychological resistance level of $2000, just as expected. Investors sought to protect their assets as uncertainties in the Middle East continued to unfold. At the time of writing this article, the price temporarily halted at $2006. Overall, there has been a relatively...
Dear valued comrades, Gold prices today are trading calmly with slight fluctuations. However, this precious metal has escaped from the downward trend that caused prices to decline recently. At the time of writing this article, the gold market is trading at $1975. A downward trend has formed, so gold may experience a slight decline before continuing its upward...
Dear friends, BTCUSDT has maintained an impressive upward trend after reaching 34,000 USDT, posing some challenges in the cryptocurrency market. At the time of writing, the price is hovering around this 34,000 USDT range. It is expected that there will be a price decrease to test the support level at 30,600 USDT, which will help BTC strengthen its efforts to...