GBPUSD seen as the third leg Deeper decline would be seen to support and possibly bullish But strong support should emerge fromretracement of complete the correctional
EURUSD The latest inflation report for March spooked everyone showing consumer prices soaring by 3.5%, way above expectations What does high inflation mean It means the Fed's gonna keep interest rates high for longer to fight it As soon as that data hit you could practically hear the market's collective gulp with the EURUSD
On the 1 hour chart, we can see more closely the recent price action with the pair bouncing on the most recent swing high level at If we get a pullback from the current high that’s where the buyers should pile in with a defined risk below the level to position for a rally into new highsThe sellers, on the other hand, will want to see the price breaking lower to...
BTCUSD strong bullish and high risk trade in Remember trading is inherently risky and it's crucial to engage with the market based on thorough analysis and personal risk appetite
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Gold Geopolitical frictions in the Middle East have further bolstered gold although these risks have intensified only recently and haven't been a predominant theme for an extended period To add context investors have been nervous about Iran's potential retaliation against Israel following the bombing of its embassy in Syria Such action could escalate tensions in...
XAUUSD period off its best levels established briefly on Friday during the New York session when it toucheda fresh record Considering recent performance the precious metal has increased in seven of the last Eight
Hello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity GBPUSD
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Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions.
In case gold falls back below $2,350, it will head towards the nearest support,...
The price of gold in the U.S. market rose sharply on Friday, directly breaking through 2400, directly reaching the target level we saw, and setting a new high again. When the gold price is at 2240, my public strategy is that the gold price will reach the 2300-2320 line. This goal was quickly achieved within a week. We continue to be bullish on gold this week and...
World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce.
The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that...
As the GBP/USD pair continues its sideways movement, investors eagerly await the release of the United States Consumer Price Index (CPI) data for March. The outcome of this crucial economic indicator will undoubtedly influence market sentiments and provide insights into the Federal Reserve's potential actions regarding interest rates. However, amid this...
Analyzing market trends and identifying potential opportunities is crucial for making informed decisions. One such opportunity currently presenting itself is the bearish setup on GBP/JPY, indicating a significant shift in momentum.
As the price of GBP/JPY reached the 193.000 value, it coincided with the 78.8% Fibonacci level, marking a critical point of...
The Canadian Dollar (CAD) faced downward pressure as a result of a juxtaposition between a robust US employment report and lackluster Canadian labor figures. While initially faltering, the CAD began to recuperate lost ground as the immediate impact of the data subsided.
Currently trading at 1.3599, the CAD contends with a resolute US Dollar (USD) poised for...
Gbpusd average This is generally a reversal pattern so we can expect the sellers to sell any rally now as they target a breakout below the support The price got a bit overstretched yesterday as depicted by the distance from the blue moving average In such instances we can generally see a pullback into the moving average or some consolidation before the next move
Gbpusd possible resistance zone around the level where we can also find the confluence with the red moving average This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the support The buyers on the other hand, will want to see the price breaking higher to start targeting the trendline around the level
As the EUR/USD opens Monday's session with an initial pushdown to 1.08280, the forex market reflects on the recent Nonfarm Payrolls (NFP) report. With the economy adding a robust 303,000 jobs in March, surpassing expectations, investors are recalibrating their forecasts regarding the Federal Reserve's (Fed) interest rate policy. This unexpected surge in job...
