ConanForex

ConanForex Updated 

Dear traders! It's time to sell gold. A quick test of the 2307 support level and a return to the key resistance level of 2320-2323 would be a good entry point for gold. Sell ​​target targets 2300 USD for a big strike. 2% rule for account management! Good luck

ConanForex Updated 

Dear traders! EURUSD is currently in a recovery phase with the bias towards a correction, receiving support at 1.0725. However, overcoming the 1.0900 resistance seems challenging and still on target. Speaking of impactful news: the emerging economic recovery in the Eurozone, combined with the slowdown in the US economy, should bring some support to the...

ConanForex Updated 

Dear traders! Just like my previous expectation, EURUSD, after being rejected at the 1.0732 support zone and the bulls tried to hold on, the price has recovered with a corrective trend. According to the Fibonacci tool from Trading View, it is expected that if the momentum increases, the next EU recovery points will be 0.618 (i.e. 1.0802) and 0.5 (i.e. 1.0824) and...

ConanForex Updated 

Dear traders! The Dollar Index price is currently falling near solid support at 104.97 including several old peaks that appeared at that height. The blue 89 EMA simple moving average also located at 104.80 will likely provide some support. On the downside, a decisive break below support at 104.97 would signal a downside continuation to a possible target at the...

ConanForex Updated 

Dear traders, EUR/USD is having difficulty holding the 1.0800 support level recently. The upside is limited above this support level as rising political uncertainty in the EU, following the snap election in France, weighs on the Euro. Meanwhile, upbeat US NFP data tempered Fed rate cut expectations, adding legs to the US Dollar's rally. EU Sentix data...

ConanForex Updated 

Dear traders! GBP/USD retreated from session highs but held above 1.2700 during the European session on Tuesday. The pair's near-term technical outlook highlights a buildup of bearish momentum. In the short term, if momentum sustains above 1.271 then the market will see a recovery but remain capped below 1.2800.

ConanForex Updated 

Dear friends Gold prices increased slightly despite the recovery of the USD as investors are still "waiting" for important US inflation data and the results of the US Federal Reserve's (Fed) policy meeting to know more details on the central bank's plan to cut interest rates compared to the inflation target. Currently, traders are worried about the Fed's policy...

ConanForex Updated 

Dear traders! XAUUSD is consolidating above the $2308 level, but at the same time a descending wedge is forming. Theoretically, the price should break the support, which would constitute a breakout at the 2308 level. On H1, the support level 2308-2308 formed and the price has been pressing towards the support level for several hours, which increases the...

ConanForex Updated 

Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...

ConanForex Updated 

Dear traders! Gold's consolidation continues to build and gain some positive traction on the first day of the new week and partially reverse Friday's post-NFP decline to the $2,287-$2,286 area, or above lowest in a month. However, gains remain limited due to the strengthening US dollar, which tends to weaken demand for USD-denominated goods. In the short term,...

ConanForex Updated 

Dear traders! GBPUSD is trading on an uptrend base that remains steady above the 1.2700 breakout zone. With the above high level remaining, it is likely that resistance will be set as the next target in the short term, but in the medium to long term it is likely that the 1.2864 resistance area will be followed by a The correction aims to accumulate liquidity...

ConanForex Updated 

Dear traders! USD/JPY jumped more than half a percent within minutes after the release of US Nonfarm Payrolls (NFP) data on Friday and edged higher to 156.35 after the US Dollar (USD) ) was strong thanks to better-than-expected results, showing that investors' sentiment is very positive. By maintaining this high level, Conan optimistically assesses that in the...

ConanForex Updated 

Dear traders! In general, at the beginning of the second day's trading session, gold recovered slightly to the resistance level of 2,300 USD. However, it seems that buyers still lack the motivation to push through this area and create a potential sideways area for selling. In the news: The US dollar rebounded early Monday, as markets increased bets on a delay...

ConanForex Updated 

Dear traders! Overall, Gu is preparing for a fall in the negative zone below 1.2750. The reason for the decline is mainly due to the US Dollar outperforming its rivals after impressive labor market data in May. It is expected that GU's downward trend will be more certain in the coming time, we I am waiting to pull back the sideways supply zone and target selling...

ConanForex Updated 

Dear traders! EURUSD is trading on a clear uptrend on the 4-hour chart although the upside momentum is showing clear downside. I expect the horizontal support and trend channel cap to be retested soon to accumulate bullish momentum before resuming growth with a target to retest the 34.89 EMA i.e. 1.0850

ConanForex Updated 

Dear traders! That's the end of another trading week! Let's recap the market from last week and discuss our new plan. In general, gold continuously received important data last week, causing prices to continuously reverse. Notably, during the weekend trading day, the market suffered two shocks that caused prices to continuously "plunge". In just one day, gold...

ConanForex Updated 

Dear traders! Gold established a downtrend after failing to overcome the resistance level of 2400 USD and closing below the negative level of 2300 USD as large buyers such as the Central Bank of China stopped buying thus negatively impacting gold prices before the weekend and is likely to have a long-term impact on gold in the near term. On the new outlook for...

ConanForex Updated 

Dear traders! Gold's return to a key support structure follows an update to a high of $2,387. =)2332 USD would be a good entry point to buy on the next bull run! This is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2332 USD, the opportunity will be better, because the general fundamentals of the market are still positive.