Gold prices rose in today's session, marking the fifth consecutive weekly increase, fueled by concerns over potential retaliatory measures between Iran and Israel, which have spurred demand for safe-haven assets. Currently, gold has climbed 0.55% to $2,392 USD/ounce as of 1:45, after peaking at $2,417.59 earlier in the session. The price has risen 2.2% this week...
EURUSD concluded the final session of the week with a gentle recovery, gently climbing in a corrective wave, currently pausing at the 1.065 level. Despite some recent progress, the outlook for EURUSD remains challenging: The price continues to fluctuate below the two EMA lines, and this currency pair has missed several recovery opportunities after breaking...
Hello,Traders! NZD-CAD went down but Will soon hit a rising support Line so a bullish rebound is To be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
If you haven`t bought the dip on CLF: Then analyzing the options chain and the chart patterns of CLF Cleveland-Cliffs prior to the earnings report this week, I would consider purchasing the 22usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $2.93 If these options prove to be profitable prior to the earnings release, I...
If you haven`t sold the Double Top on UPS: Then analyzing the options chain and the chart patterns of PUPS United Parcel Service prior to the earnings report this week, I would consider purchasing the 142usd strike price Puts with an expiration date of 2024-4-26, for a premium of approximately $3.45. If these options prove to be profitable prior to the earnings...
Attention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing...
Hey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.90000 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90000 support and resistance area. Trade safe, Joe.
Here is our detailed technical review for EURCHF. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.968. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.975 level soon. P.S The term oversold refers to a...
Hello,Friends! The BB lower band is nearby so GBP-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.241. ✅LIKE AND COMMENT MY IDEAS✅
EUR/USD is currently trading around the 1.0600 level, having rebounded from an initial drop. News reports of escalating conflicts in the Middle East have spurred a flight to safety, boosting the US dollar (USD) and consequently leading to a decline in EUR/USD.
Gold prices surged past the $2,400 mark following Israel's retaliatory strikes on Iran, igniting a global shift towards safe-haven assets and a rush into gold, the ultimate refuge. Risk assets have been significantly impacted as risk-averse sentiment flooded into Asian markets on Friday, propelling gold up nearly $35 in early trading hours. With the $2,400 level...
Hello everyone! Today, gold prices are trading near $2400, reversing from a five-day high of $2418 achieved earlier in the Asian session. Despite a slight pullback, gold remains on track for its fifth consecutive week of gains. XAU/USD has regained momentum, approaching the $2400 mark and indicating some short-term consolidation. Technical indicators have...
The political tension between Israel and Iran continues to escalate, propelling Gold prices to regain momentum and surpass the $2,400 mark in Friday's Asian trading session. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, potentially reaching the $2,500 threshold. Looking at the chart, we can...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37000 support and resistance area. Trade safe, Joe.
Take a look at our analysis for GBPCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.711. Considering the today's price action, probabilities will be high to see a movement to 1.716. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 106.278. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 107.464 level. P.S Overbought describes a...
Take a look at our analysis for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2381.676. Considering the today's price action, probabilities will be high to see a movement to 2431.527. P.S Please, note that an oversold/overbought condition can last for...
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...