Gold prices continued to decline today, dropping by $16 to $2,327 per ounce, closing out the trading session for the week. During the final trading session of this week, the gold market received the much-anticipated report on the Personal Consumption Expenditures (PCE) Price Index. Despite inflation rising in line with expectations, which increased the likelihood...
As we wrap up the past week, EUR/USD has shown stable trading with a slight retracement. However, this minor dip is not expected to affect its long-term upward trend. By closely observing the 1D chart, it's evident that EUR/USD has reached the 0.618 Fibonacci retracement level and found support there, with the EMA 34 and 89 converging at this support level. This...
Hello everyone, what are your thoughts on the trend of GBP/USD? From the analysis charts, it's clear that this currency pair still has upward momentum, moving steadily along the trendline. The higher highs and higher lows continue to support this momentum. I anticipate that the price will climb above the 1.285 level (the upper trendline limit). What about you?...
Please, check our technical outlook for ETHUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 3,770.2. The above observations make me that the market will inevitably achieve 3,568.9 level. P.S We determine oversold/overbought condition with RSI...
Hello everyone, Brian here. USD/JPY has completed its retracement to the 0.618 Fibonacci level, and the long-term outlook remains optimistic. The pair is on track to reach the 1.618 profit target, continuing its strong performance above the two EMA lines. Additionally, the 151.100 level has now become a new support after buyers successfully broke through the...
Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 195.915 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76900 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76900 support and resistance area. Trade safe, Joe.
Hello valued readers, this article will provide you with accurate news and predictions about today's gold market. The world gold price has generally decreased by -0.71% over the past 24 hours, corresponding to a decrease of -16.58 USD/Ounce. Information regarding inflation indices in the US has adversely impacted the financial markets. Wall Street has witnessed a...
Dear Traders, We are convening a discussion focused on #AIUSDT The Symmetrical Triangle Breakout Has Already Done ✅ So,I am Expecting a Bullish Move of 100% in Coming Days 🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance...
Hello,Friends! We are going short on the EUR/JPY with the target of 169.809 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.601. The above observations make me that the market will inevitably achieve 27.300 level. P.S We determine oversold/overbought condition with RSI...
Hello everyone, Brian here. Today, gold is closing at $2,327. We've seen a slight decline towards the end of the day following the Personal Consumption Expenditures (PCE) Price Index report for April, which showed a 2.7% increase year-over-year, matching market expectations. The core PCE Price Index for April also rose 2.8% compared to the same period last...
Hello everyone, let's explore how gold prices are likely to fluctuate this weekend! Currently, gold is hovering around the 2345 USD mark, showing little change compared to the beginning of the trading session. The current trend is in a consolidation phase, waiting for new data from the much-anticipated U.S. Core Personal Consumption Expenditures (PCE) Price...
Hello,Friends! BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Welcome to our financial bulletin! Once again, the cryptocurrency market has become the center of attention with the emergence of a staggering net inflow in the Bitcoin ETF sector. The inception of a Bitcoin ETF has provided a positive shock to investors. Over the past weekend, a net flow of $49 million USD was recorded, prompting the entire market to pause and...
Sure, here is the revised version in English: Hello everyone, today the EUR/USD remains in a downtrend. Despite a brief recovery yesterday, the pair continues to head towards the 1.0800 level in the early trading hours of the final session of the week. The outlook still favors sellers as EUR/USD remains below several key resistance levels and follows the...
Welcome to my USD/JPY market analysis. In this article, we will delve into the day's USD/JPY price action, conduct technical analysis, examine influencing factors, and provide forecasts for USD/JPY's future trajectory. USD/JPY experienced a rather volatile trading session on June 1. The pair opened at 135.20 JPY/USD, subsequently ascending to its intraday high of...
Let's delve into the current gold price situation and employ technical analysis to anticipate its future trajectory. Support: Currently, a strong support level for gold prices lies around $2350 USD/ounce. This zone has repeatedly witnessed gold prices rebounding during recent trading sessions. Resistance: A crucial resistance level is currently positioned at $2380...