The EUR/USD pair is showing strength with a recovery above 1.0650 during the European trading session on Monday. However, it cannot be denied that the pair is facing downward pressure as the European Central Bank (ECB) and the Federal Reserve (Fed) announce differing prospects for monetary policy. Although the price continues to maintain a downtrend, this...
Please, check our technical outlook for NAS100. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 18126.71. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 18304.92 level. P.S Overbought describes a...
Traders, In today's trading session, our sights are set on USDJPY, where we anticipate a potential buying opportunity around the 153.500 zone. USDJPY remains entrenched in an uptrend, presently undergoing a correction phase as it nears the pivotal support and resistance area at 153.500. Diving deeper into our analysis, let's explore the fundamental landscape...
Please, check our technical outlook for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.890. The above observations make me that the market will inevitably achieve 0.899 level. P.S We determine oversold/overbought condition with RSI...
EUR/USD dropped below 1.0700 following the subdued remarks from ECB policy maker Stournaras, putting pressure on the Euro. The divergent policy outlooks between the ECB and the Fed have increased the downside risks for this currency pair. Looking at the chart, the price is still maintaining a downward trend. However, the Relative Strength Index (RSI) is currently...
Here is our detailed technical review for AUDUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.645. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.653 level. P.S We determine...
EUR/USD surged to nearly 1.0650 in the Asian trading session on Monday, rebounding from a low of 1.0622 reached last Friday. The US Dollar (USD) appreciated as buying pressure on the currency intensified amidst political instability, contributing to downward pressure on the EUR/USD pair. From a technical standpoint, the Relative Strength Index (RSI) remains below...
Gold prices are surging amidst escalating tensions in the Middle East, following Iran's recent attack on Israel. Surprisingly, the US dollar remains steady, as market sentiment is relatively calm despite the geopolitical strains. Gold could see further support ahead of the upcoming U.S. retail sales data. The initial target is today's high of $2,373, with the...
Gold prices attracted buying activity at the beginning of the week and held steady around the range of 2,431-2,432 USD, preventing a retreat. Iran's attack on Israel over the weekend not only pushed gold prices to new highs but also heightened market concerns. The US Dollar (USD), despite its weakness, continued to support the strong rise of gold. Moreover,...
The price of gold continues to rise due to political tensions in the Middle East. This raises expectations that the Federal Reserve (Fed) will cut interest rates in the near future. Lower interest rates can make currency depreciate, making risk-free assets like gold more attractive. On the 4-hour chart, the price of gold is stable above the Simple Moving Averages...
Hey everyone! Quick update: Gold was on a wild ride yesterday, dropping to $2,330 and then surging up to $2,392, netting a cool $62 gain in no time. That’s some solid proof that gold's still got its mojo despite all the market madness. With U.S. inflation heating up, it looks like the Fed might hold off on any big monetary moves, which only strengthens gold’s...
Gold prices (XAU/USD) are riding the wave of a recent breakout, scaling towards the $2,400 mark, a potential new all-time high, during early European trading on Friday. Technically speaking, the strong positive momentum continues unabated, despite the Relative Strength Index (RSI) being extremely overbought on the daily chart. However, bulls might consider taking...
After price retested a daily golden zone, it gave us a shift in market structure on the 4h time frame signaling a potential beginning of a reversal. Price has now formed liquidity above the 4h golden zone that it could use to fuel it's move further to the upside.
After price broke daily high with momentum, it retraced back down and formed liquidity above an established golden zone. It left behind a huge imbalance that it could potentially fill before pushing the the upside to take out the latest weak high since price is in an overall bullish trend.
After price retested a daily golden zone, it gave us a shift in market structure on the 4h time frame signaling a potential beginning of a reversal. Price has now formed liquidity above the 4h golden zone that it could use to fuel it's move further to the upside.
After price broke daily high with momentum, it retraced back down and formed liquidity above an established golden zone. It left behind a huge imbalance that it could potentially fill before pushing the the upside to take out the latest weak high since price is in an overall bullish trend.
In recent US trading, GBP/USD has sharply declined below 1.2450, driven by the stable strength of the USD. This sustained USD dominance has intensified the downward pressure on GBP/USD, resulting in continuous price drops. From a technical perspective, GBP/USD has shifted to a downward trend, consistently forming lower highs and lows and breaking crucial support...
In recent US trading sessions, GBP/USD has faced significant downward pressure, dropping below the 1.2450 level, due to the sustained strength of the US Dollar (USD). From a technical perspective, analyzing the chart of GBP/USD reveals a clear trend of price decline. The currency pair has consistently reached lower highs and lower lows recently, while also...