The price of gold (XAU/USD) saw an increase to approximately $2180 after hitting a record high at the start of the new week, buoyed by a weaker US Dollar (USD) and declining US Treasury yields, which provided some support for gold prices. Additionally, growing expectations for the Federal Reserve's (Fed) first interest rate cut in its June meeting have also...
Hello Trader" what do you think about gbpusd Certainly! Here's another way to phrase your analysis: "I've observed a bullish momentum in GBP/USD, with the current price at 1.28080. My analysis suggests that the market might test resistance zones around 1.27900 and 1.27500. In case of a pullback, I anticipate demand zones at 1.30040 and 1.31400. To manage risk,...
✅BITCOIN Is trading In a strong Uptrend and the coin broke the All-time-high level of 69k And went further up so we Are bullish biased and We will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello, dear friends, what are your thoughts on USDJPY? In a sharp contrast to its counterparts like EURUSD and GBPUSD, USDJPY has been bearing the brunt of severe downward pressure, with its value diminishing further on Thursday. Currently, this currency pair is hovering around the 148.50 mark, shedding 0.56% over the day. This pair finds itself in troubled...
Hello,Traders! AUD-NZD is going down Now but the pair will soon Hit a horizontal support Of 1.0691 from where I will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The GBP/USD pair has steadfastly maintained its position above the psychological barrier of 1.2800 in the early trading hours in Asia on Friday. The selling pressure on the US dollar has provided some backing to the major currency pair. Friday's spotlight will be on the US labor market data for February. The pair has managed to continue its upward trajectory,...
Hello,Friends! The BB lower band is nearby so CAD-CHF 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 0.651. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2179.748. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2203.850 level. P.S The term oversold...
Take a look at our analysis for AUDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.661. The above observations make me that the market will inevitably achieve 0.665 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for EURGBP. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.849. Considering the today's price action, probabilities will be high to see a movement to 0.851. P.S The term oversold refers to a condition where an asset...
Here is our detailed technical review for CADCHF. Time Frame: 10h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.649. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.653 level. P.S Please, note that...
Take a look at our analysis for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 77.77. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 79.45 level. P.S We determine oversold/overbought condition...
1. Price Levels: - Current Gold Price: 2040 - Expected New Higher High: 2180-2193 - Resistance Levels: 2124-2115 - Stop Loss (SL): 2011 2. Bullish Sentiment: - Gold is described as "very strong bullish," indicating a positive outlook on its price movement. 3. Technical Analysis: - Demand Zone: 2180-2193 is identified as a demand zone,...
EURUSD is starting to adjust after it reaches the upper limit of the price channel as we have set out before, continuing to keep the old view, I expect this pair of money to decrease more but the trend of increasing It will still be preserved as long as it moves in the current price channel.
Greetings, fellow traders! Yesterday, we witnessed a robust surge in gold prices, leaping from $2160 to near the $2200 mark—a swift $40 increase—propelled by a weakening USD and supportive market news favoring this esteemed metal. Currently, gold's price is pausing at $2179, following an upward trajectory. However, I anticipate a period of adjustment after this...
🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs...
Upon observing SUIUSDT's medium-term price action, a discernible supply/demand zone materializes in the vicinity of $1.44. While there was an initial attempt to breach this zone, the descent halted in proximity to the 88.6% Fibonacci support. Subsequently, SUI swiftly rebounded, reclaiming its position above the demand area. The most recent price movements...
Hello,Traders! AUD-USD is making a bearish Correction after a strong move up And the pair will soon retest a Broken key level of 0.66 which Is now a support, from where We will be expecting a bullish rebound As we are bullish biased locally Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!