Dear traders! Gold prices today continued their upward trend with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning. The yellow metal price increased slightly at the beginning of the week as investors expected an important inflation report published later this week that...
Dear traders! EUR/USD is gradually approaching the 1.0900 level, with the prospect of further activation of the classic "bull flag" technical pattern in the medium to long term on the 2-hour chart, which is generally unlikely avoid further price increases in the near future. Amid shifting sentiment, sustained weakness in the US dollar and upbeat mood contributed...
Dear traders! EURUSD has formed a classic bullish structure (bullish flag). Theoretically the pair should strengthen further. And we are expecting a further move towards targeting at least the 1.0895 local high. A breakout and consolidation above this level will see the pair looking for higher highs possibly at 1.1000. If you like the idea, don't forget to leave...
Dear traders! I still maintain faith in GU's uptrend because the overall trend is still favorable for buyers as the price continues to rise above the 34 and 89 EMA, signaling and creating new momentum for GBP/USD. With the possibility of forming a DOW, using Fibonacci, the price has reached the perfect level of 0.618 i.e. 1.265 and increased sharply up to 1.277...
Currently, gold is on a strong recovery path, reaching 2,354 USD, about 15 USD higher than the same time yesterday. This upward momentum is supported by the weakness of the US dollar. The DXY index fell nearly 0.1% from 104,747 to around 104.64 points, creating favorable conditions for this precious metal. In the short term, gold's target remains the 0.5 - 0.618...
Dear traders! USD/JPY is reversing from near 157.00 in Asian trade on Tuesday, weakened by a fresh wave of US Dollar selling, as risk sentiment gets a fresh boost on China optimism Quoc. Investors are waiting for Fedspeak and key data to determine the pace of interest rate cuts from central banks going forward. In terms of technical outlook, from the 1-hour chart...
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. With a positive outlook this...
Dear traders! Overall, EURUSD experienced significant price gains yesterday with a breakout from falling wedge resistance amid a generally positive backdrop as the US Dollar (USD) struggled to maintain its strength and helped the pair partially erase weekly losses. Currently, at the end of this week's trading session, EURUSD has paused at 1.0845 and it seems that...
For the Chinese stock JD.com listed on the Nasdaq, we observe a significant pattern. Initially, we had a prolonged sideways movement that concluded with an initial surge, establishing the current resistance zone. This zone held twice before the price fell through. Starting from point X in our Elliott Wave count in November 2018, we saw a rapid increase of...
💹 Let's dive in and analyze the RNDR crypto coin, update our previous analysis, and check new triggers together. 🛡️ Weekly Time Frame Analysis: In the weekly time frame, RDNT is one of those coins that moved alongside Bitcoin, similar to Solana and INJ. We are currently in a bullish trend and have surpassed the all-time high (ATH). ⏳ After reaching the...
Dear traders! World gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce. Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices...
Dear friends, let's discuss and strategize for today! The EUR/USD pair traded in positive territory for the second day in a row around 1.0850 during early Asian trade on Monday. A stronger-than-expected Eurozone preliminary purchasing managers index for May provided some support for the Euro. In case EURUSD continues to hold this high and confirms the 1.0842...
💹 Let's kick off the new week by updating our analysis on this currency pair and reviewing our new entry points. FX:NZDCAD 📅 Weekly Time Frame: On the weekly time frame, this pair, like most others, is oscillating within long-term boxes without any specific trend other than ranging. 📆 Daily Time Frame: On the daily time frame, however, we are grappling...
Looks like Dollar Index completed the correctional movement and ready to go down again. I see a bearish flag pattern with a confirmed violation of its support on 4H. The market may reach 104.2 soon. ❤️Please, support my work with like, thank you!❤️
BUY ABOVE - 49480 SL - 49290 TARGETS - 49670,49850,50000 SELL BELOW - 49290 SL - 49480 TARGETS - 49050,48800,48620 NO TRADE ZONE - 49050 to 49670 Previous Day High - 49670 Previous Day Low - 49050 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
USDJPY broke and closed above a key horizontal daily resistance last week. After a breakout, the market retested a broken structure and started to consolidate. I see a horizontal trading range on a 4h time frame. To buy the market with a confirmation, I am looking for a bullish breakout - a candle close above the resistance of the range. It will give me a...
BUY ABOVE - 49290 SL - 49050 TARGETS - 49480,49670,49850 SELL BELOW - 49050 SL - 49290 TARGETS - 48800,48620,48460 NO TRADE ZONE - 49050 to 49290 Previous Day High - 49480 Previous Day Low - 49050 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders. Reasons are listed below : Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting...