Gold's ascent to a historic $2,265 per ounce as this week begins highlights its impressive 9% rise in March and 8% increase for the first quarter. This surge follows data indicating a spike in the February Personal Consumption Expenditures index, though the core PCE saw a low not observed in nearly three years. Anticipations of the Federal Reserve cutting rates...
Gold retreats from its newly set record high of $2,265.58 per troy ounce. Initially gaining in the Asian trading hours, XAU/USD reversed its course during European trades, now hovering around the $2,250 mark, bolstered by the US dollar's surge following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests gold may undergo further...
Gold has soared to another record high at the start of April, powered by expectations of US rate cuts and its status as a secure investment, now hovering around $2255 USD. The anticipation of the Federal Reserve's policy easing, expected as soon as May or June, has been a significant catalyst for gold's rise. Central banks' strong purchasing, aimed at diversifying...
Hello,Traders! GBP-NZD is trading in an Uptrend along the rising Support line and we are Seeing a bullish rebound From the support cluster Of the rising and horizontal Support lines around 2.1047 So we are bullish biased And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I believe this could be a Premium idea, but let's wait and see how it unfolds: In March, INVZ saw some unusual out-of-the-money calls valued at over $1 million with a $2.5 strike price, expiring on April 19th. Upon reviewing the chart, it resembles a double bottom pattern, suggesting a potential price target of $2.85 if a reversal occurs. Recently, OUST, a...
Based on technical indicators, the gold market is currently continuing its upward trend. However, the possibility of a decline in the near future cannot be ruled out. For today, it is conceivable that gold may retreat to the support level of 2229, followed by a potential rebound. However, if the price of gold breaks below the support level of 2229, there is a...
After breaking through the 68.210 BTC support level, the market witnessed a clear signal of significant price decline, establishing a new support zone. Moreover, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA) also collectively indicate a strong downward trend unfolding.
Here is our detailed technical review for NAS100. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 18217.2. Considering the today's price action, probabilities will be high to see a movement to 18560.5. P.S The term oversold refers to a condition where an...
During Tuesday's European trading session, the price of the British Pound/US Dollar (GBP/USD) currency pair surpassed the 1.2550 threshold, marking a price adjustment. This indicates that the market is experiencing a bullish phase. However, the 20-day Simple Moving Average (SMA) is also showing an upward trend, a clear sign that prices may continue to rise in...
Here is our detailed technical review for EURCHF. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.972. Considering the today's price action, probabilities will be high to see a movement to 0.976. P.S Overbought describes a period of time where there has...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 104.519. The above observations make me that the market will inevitably achieve 105.518 level. P.S The term oversold refers to a condition where an asset has traded...
Bitcoin is poised for its next upward move, although a period of further consolidation seems probable. Currently, we anticipate a pullback towards the 61.8% Fibonacci support level around $66k. If/when such a pullback will occur, it will likely present a compelling risk/reward opportunity for buyers.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
Hello, dear friends! Today, USDJPY continues its streak of lackluster trading days, with prices stagnating compared to last week, hovering around the 151.300 mark due to a lack of momentum and reliance on market news. Short-term expectations suggest a steady movement within a range, with little variation expected throughout the day as the EMA indicators remain...
In the intricate dance of currency markets, the Japanese Yen finds itself in a delicate position, wavering against the robust US Dollar. As traders navigate through a sea of uncertainties, including intervention whispers and a risk-off mood, the Yen's allure wanes. The narrative thickens with the Bank of Japan's reserved stance, juxtaposed against a backdrop of...
Based on technical analysis, recent price action continues to reflect a phase of consolidation in the upward trend following a strong rebound from the lowest level in March. Additionally, other technical indicators on the chart remain positive and have not reached overbought territory. This suggests the potential for short-term price appreciation in the...
Looking at the price chart, we can see that the SMA20 is declining significantly and has broken through the support zone at 1.7030, seeking a new support zone at 1.7026. Additionally, the RSI indicator is about to surpass the oversold zone. These indications suggest that the EURUSD pair is poised for a sharp decline.
Hello everyone, what are your thoughts on GBPUSD? This currency pair has been navigating a prolonged sideways trend for over a month now, currently positioned at 1.263. Technical analysis suggests it's on the brink of testing a significant support level. Predicting its future movement has become increasingly challenging as it remains largely unresponsive to...