Greetings, dear friends, today's EURUSD is trading around 1.083, but what's the next move? EUR/USD remains stable, hovering close to 1.0850, especially after Tuesday's session, which saw minimal driving forces for the pair due to U.S. Durable Goods Orders in January falling more than expected. Now, all eyes are on the upcoming U.S. Gross Domestic Product (GDP)...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.000 zone, USDJPY is trading an uptrend and currently is in a correction phase in which it is approaching the trend at 149.000 support and resistance area. Trade safe, Joe.
EUR/USD hovers around the 1.0850 mark, showcasing a steady demeanor following Tuesday's lack of significant catalysts to sway the pair in any definitive direction, especially after U.S. Durable Goods Orders in January fell more than expected. The market's gaze is now fixed on the upcoming release of the latest U.S. Gross Domestic Product (GDP) data later...
Greetings, dear friends! Let's dive into today's gold price trends together! As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of...
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 103.900 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 103.900 support and resistance area. Trade safe, Joe.
Hello,Traders! EUR-USD broke the rising Support line and fell sharply Down but has hit a strong Horizontal support level of 1.0799 And we are already seeing a bullish Rebound so I will be expecting A further local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 92.585 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
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If you haven`t bought ETH before the rally: Then in alignment with the analysis derived from the Elliott Waves chart pattern, Ethereum is signaling a potential retracement, with one of the legs down anticipated around $2,700. This correction is depicted in the chart pattern, suggesting a short-term bearish sentiment. However, in the broader market context,...
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 approaching a significant support area 104.197. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 105.586 level. P.S We determine oversold/overbought condition...
Here is our detailed technical review for GBPJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 190.518. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 191.811 level. P.S Please, note...
Please, check our technical outlook for EURCAD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.465. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.467 level. P.S The term...
Take a look at our analysis for USDJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 150.364. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 151.654 level. P.S Please, note that an...
GBP/USD continues to rise, staying below the 1.2700 psychological barrier in early Tuesday's Asian session. FOMC minutes reveal the Fed's data-driven approach, softening the outlook and putting pressure on the USD, benefiting this currency pair. Currently, GBP/USD is at 1.2685, up 0.02%. This week, the US Q4 GDP is expected to remain stable at 3.3%. Traders will...
Greetings to all Traders! Today, the EURUSD pair continues its upward trend, maintaining a strong position above the 1.084 level during the early trading hours of Tuesday. As long as the EUR/USD remains above the 34 and 89 Simple Moving Averages (EMAs), the outlook for this currency pair remains constructive. Looking at the 4-hour chart, a gradual return to...
Greetings, cherished friends! How do you feel about today's gold prices? Let's delve into a lively discussion! Recent developments have led to a slight downtrend in the USD, yet gold prices haven't soared as one might expect. Gold continues to hover around the $2032 to $2035 mark, with its future direction seemingly shrouded in uncertainty, heavily swayed by...
Hello everyone, the GBP/USD pair has extended its upward momentum, trading below the psychological barrier of 1.2700 during the early Asian session on Tuesday. The FOMC minutes revealed that the Fed has reemphasized its data-driven approach, leading to a more dovish outlook, which weighed on the US Dollar (USD) and provided favorable winds for this currency...
CHFJPY have been on an uptrend for a long while, after breaking the resistance zone, price is expected to retest to the support zone and continue it's upward trend, also notice our 50EMA situated at that point ready for retest.