Today, gold continued its upward trend, marking the third day of recovery with trading levels around $2430 at the start of Tuesday’s session. Previously, the precious metal had reached a new all-time high, soaring to $2,449.8 per ounce, driven by signs of slowing inflation in the U.S., which raised expectations that the Federal Reserve (Fed) might soon cut...
AVAX is currently entering the main trend in the middle. If this is successful, I expect a strong peak after the second half of June. I want to highlight two important dates: June 21 and August 5. As seen in the chart, AVAX is moving within a strong upward trend. Currently trading at 40.500, I foresee the possibility of AVAX moving towards the 148.000 levels....
Today, the USD/JPY pair is advancing further to test the 156.50 level, seemingly unfazed by remarks from Japan’s Finance Minister Shunichi Suzuki. The currency pair continues to find support amidst rising U.S. Treasury yields and a strengthening U.S. dollar, following cautious outlooks on policy and inflation expressed by Federal Reserve officials.
Hello everyone, Brian here! After a sharp rise on Wednesday, the EUR/USD pair struggled to maintain its momentum and modestly closed lower on Thursday. By Friday, the pair stabilized around the 1.0850 mark and began the new week showing some recovery, hovering around 1.088. On the 4-hour chart, EUR/USD continues to display encouraging signs for buyers. The price...
Hello everyone, it's Brian! As we kick off the new week, gold continues its sharp ascent. Currently, the precious metal is trading around $2438 USD, up nearly 1% for the day. Gold's bullish outlook remains favored and highly regarded, especially after successfully converting the $2380 resistance level into new support. With no signs of peaking just yet, the...
Gold continues its recovery, building on last Friday's gains, with prices now orbiting around $2442 USD, up more than $27 at the time of writing. The long-term outlook remains bullish, eyeing the $2500 USD record target. However, in the short term, gold might need to adjust and pull back. Currently, the charts suggest that gold is peaking, and I anticipate a...
Hey Traders, in tomorrow's trading session we are monitoring EURUSD for a buying opportunity around 1.08100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08100 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5250 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5250 support and resistance area. Trade safe, Joe.
🚀📈 Breaking News! 📈🚀 🐂 Attention Bulls! 🐂 🔍 GBPCHF Analysis Update 🔍 Today, the GBPCHF chart is flashing multiple bullish signals! 📈 After breaking through a resistance line in a tight accumulation range, fueled by positive fundamental news, the bulls are flexing their muscles. 🇬🇧💪 It seems like they're ready to take charge! 📅 On the daily timeframe, we're...
Hello,Traders! EUR-GBP went down And has reached a Rising support line from Where we are already Seeing a bullish rebound And I think that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26700 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26700 support and resistance area. Trade safe, Joe. Let me know what do you think about inflation progress in the comment section
The USD/JPY pair has been trading in positive territory for the third consecutive day, hovering around 155.80 during the early Asian session on Monday. The decline in this currency pair has been supported by weaker-than-expected GDP data from Japan for the first quarter. However, it has not yet broken out of the consolidation pattern evident on the analysis...
The GBP/USD pair continued its upward trajectory for the second consecutive session, trading around the 1.2710 level during Asian hours on Monday. A weaker US Dollar (USD) bolstered the GBP/USD pair. April's data indicated that US consumer inflation slowed to 0.3%, fueling expectations that the Federal Reserve (Fed) might cut interest rates in 2024. However, the...
Today, the BTCUSDT pair exhibits a slight recovery trend. This cryptocurrency continues to ascend within a price wedge, trading around the level of 66.900 USD. The upward momentum remains supported as long as the 64,000 USD support level is firmly held, marking the lower boundary of the rising wedge that the bulls are staunchly defending!
Please, check our technical outlook for EURCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.479. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.482 level. P.S The term oversold refers to a...
Please, check our technical outlook for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 197.696. The above observations make me that the market will inevitably achieve 198.441 level. P.S We determine oversold/overbought condition with RSI...
Hey Traders, in tomorrow's trading session, we're eyeing a potential buying opportunity on the US30 around the 39730 zone. The US30 is currently amidst an uptrend but undergoing a corrective phase, nearing the crucial support and resistance area at 39730. The Dow Jones Industrial Average and the US Dollar Index typically exhibit a negative correlation due to...
Take a look at our analysis for ETHUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 3026.1. Considering the today's price action, probabilities will be high to see a movement to 3253.6. P.S Please, note that an oversold/overbought condition can last for a...