EUR/USD traded tightly above 1.0700 at the beginning of the European trading session on Friday. The US dollar struggled to gather strength ahead of crucial Personal Consumption Expenditures (PCE) Index data, the Federal Reserve's preferred measure of inflation, helping the currency pair maintain its stance. The 4-hour chart indicates that the upward trend remains...
Hey folks, This Thursday in the Asian trading session, the EUR/USD was flirting around the psychological mark of 1.0700. The pair saw a modest rise, thanks in part to a softer U.S. Dollar (USD). Later in the day, we're expecting some key releases: Germany's GfK Consumer Confidence Survey for April and preliminary GDP growth figures from the U.S. Given these...
Looking at current price , RIO has climbing to the top of the range. Going back and looking at price, it seems to like to reject when it is Overbought and fly when its Oversold. - Buy @ $116 - Target for 8% with the possibility of a Sell off again
After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery. Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of...
Gold prices edged modestly higher in North American trading on Thursday, rising over 0.5% after crucial economic data from the United States (US) was released. Gold is trading above the $2,330 level after rebounding from the daily low of $2,305 during Friday's Asian trading session. However, on the 4-hour chart, the downtrend is still supported, albeit showing...
✅AUD_NZD is trading in an Uptrend and the pair broke The key horizontal level Of 1.095 so we are bullish Biased and we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
GBP/USD regained bullish momentum on Thursday, climbing above 1.2500 for the first time in nearly two weeks after closing positively for the second consecutive day on Wednesday. Short-term technical prospects for this currency pair indicate an upward trend. Looking at the price chart, it is adjusting towards an uptrend. Prices are expected to test the SMA 50 and...
The price of gold surged to nearly $2,320 at the start of Thursday, indicating a slight recovery in the market after previous challenging periods. However, upon examining the 4-hour chart, it's evident that the potential for price increase remains limited. The Simple Moving Average SMA 20 is trending below the Simple Moving Average SMA 100, signaling unclear...
The GBP/USD slid below 1.2500, wiping out much of its daily gains, as the US Dollar staged a robust recovery following the release of the US Gross Domestic Product (GDP) report for Q1, which indicated a sharp increase in inflation. The preliminary GDP index surged by 3.1%, compared to the previous 1.7%. This has fueled expectations that the Federal Reserve will...
Today, gold prices are catching their breath in a corrective move, trading around the $2325 mark with a notable recovery of 0.43% for the day. This precious metal's long-term uptrend remains highly esteemed. The recent dip is viewed as a mere corrective wave within the ongoing Elliott wave structure, having reached its first significant Fibonacci extension at...
Hello everyone, Brian here! Let's take a closer look at GBPJPY today! Currently, this currency pair has maintained a rising trend over the past several days. The price is now orbiting around the 194.800 mark, completing a five-wave Elliott sequence. I expect some adjustments soon, as there are signs that a new peak might be forming, and a retest of the EMA 34 and...
Hello,Friends! GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.110 area....
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2285 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2285 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance area. Trade safe, Joe.
GBP/USD has attracted attention with a strong recovery, surpassing the 1.2500 threshold during the European trading session. This currency pair capitalizes on expectations of improvement in the UK's economic outlook and the decline of the US Dollar. Looking at the chart, we can see that the price is supported by the upward trend but still constrained by the SMA...
Gold is gradually recovering, maintaining stable gains throughout the morning session of European trading on Thursday, nearing the $2,330 threshold. Prices are expected to test the 0.5-0.618 Fibonacci area. However, traders may prefer to wait for further signals regarding the Federal Reserve's interest rate reduction trajectory before betting on a positive direction.
Gold is slowly regaining momentum, edging closer to the $2,330 threshold, albeit encountering resistance from the simple moving average SMA 20. Looking at the 4-hour chart reveals a continued downward trend. The SMA 20 is declining and has crossed below the SMA 100, signaling a negative trend for the market. The relative strength index (RSI) is currently below...
EUR/USD responded to new demand and rose to 1.0750 in the European trading session on Thursday. From a technical perspective, a positive signal is emerging as EUR/USD may be forming aa cup and handle. In this scenario, the expectation is for the price to continue rising to the first resistance level at 1.0727, followed by the psychological milestone of 1.0885.