Analysis: Bullish Confluences Breakout of downwards trend Retesting a previous area of support Breakout above longer term downwards trendline Retest of previous longer term downwards trendline for support 1k long position decrease for the USD Bearish Confluences 1k short position decrease for the USD Stay Safe - The JPI Team Please feel free to...
in the left area I see the price forming an FTR in the middle of this month. then currently the price looks bullish with indications of price responding positively to the trendline below. Most likely, the price will rise more from the SnD area
I use analysis on the H4 time frame with the help of the RSI indicator to see if there is a reversal in the near future. if you look at the RSI compared to the candles, you can see the possibility of a hidden divergence. in cases like this, the possibility is that the price will return to bullishness in the near future. there is a possibility that the price will...
Trading Setup: A Trading Signal is seen in the CHFJPY Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 166.80 ⭕️SL@ 167.26 🔵TP1@ 164.46 🔵TP2@ 162.17 🔵TP3@ 158.61 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading...
Based on technical factors there is a Sell position in : 📊 USDJPY 🔴 Sell Now 146.20 🧯 Stop loss 146.80 🏹 Target 1 145.60 🏹 Target 2 144.95 🏹 Target 3 143.90 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Trading Setup: A Trading Signal is seen in the XAUUSD Gold. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 1933.45 ⭕️SL @ 1928.84 🔵TP1 @ 1946.34 🔵TP2 @ 1955.00 🔵TP3 @ 1970.40 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...
Gold prices have remained relatively stable in early Asian trading. According to a research note from ANZ analysts, the market's confidence in another interest rate hike by the U.S. Federal Reserve at its September meeting has diminished. This shift is attributed to the decline in bond yields and a weakening U.S. dollar. When bond yields fall, which move inversely...
Analysis: Bearish Confluences Strong downwards trend Retest of a previous key level 38.2% fib level close by Downwards trendline touch 2k long position increase for the USD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We...
The British Pound is currently contending with a bearish Head & Shoulders chart pattern against the US Dollar. In the daily chart depicted below, GBP/USD is facing difficulty in surpassing the neckline situated at 1.2592. Furthermore, there's a struggle for sustained momentum following the breach of the 100-day Moving Average (MA). A definitive break below 1.2592...
On Wednesday, the price of gold remained above $1,930 per ounce, following a nearly 1% increase in the prior session. This uptick was supported by softer-than-expected economic data from the United States, which has increased expectations that the Federal Reserve will likely halt its interest rate hikes. The weakening of the U.S. dollar and the decline in U.S....
* On Tuesday, U.S. Treasury yields declined to their lowest levels in three weeks following this data release, while the value of the dollar weakened. This depreciation in the dollar made gold more affordable for holders of other currencies, consequently boosting demand for the non-interest-bearing precious metal. * The month of July witnessed U.S. job openings...
Gold prices surged by nearly 1% in the last 24 hours due to an unexpected shortfall in US job openings, which has raised expectations of a more dovish Federal Reserve in the long term. Retail traders have swiftly reacted by increasing their bearish positions on XAU/USD, a trend reflected in the IG Client Sentiment (IGCS), often used as a contrarian indicator....
DXY D1 JOLTs figures pulling back the dollar somewhat this afternoon, hoping to find some support around this 103.300 price, a nice key area of D1/H4 support price and also an area of demand. If we can start to stabilise here, we can look to catch some dollar longs or equity/commodity shorts. Eyes peeled. Tomorrow should be a good one!!
Gold prices in early Asian trading have inched higher. Analysts from Ping An Securities attribute this uptick to increased demand for the safe-haven asset, driven by the release of weak August manufacturing PMI data in the U.S. last week. However, the precious metal's performance may face downward pressure as U.S. initial jobless claims for the week ending August...
Gold prices have been on an upward trajectory in recent weeks, prompting a cautious response from retail traders who have been increasing their bearish bets. This shift in sentiment can be observed by examining the IG Client Sentiment (IGCS), a tool often used as a contrarian indicator. Given this context, one might wonder whether there is potential for further...
"Saxo Bank pointed out that Powell restated the Federal Reserve's commitment to achieving its long-term 2% inflation target. However, he also indicated that the Federal Open Market Committee (FOMC) would approach future rate decisions with caution and did not rule out the possibility of additional rate hikes. This has led to a shift in expectations, with the first...
Gold prices advanced on Tuesday as both the dollar and Treasury yields pulled back from recent highs, with investors eagerly awaiting crucial U.S. inflation and jobs data releases this week that could significantly shape the trajectory of interest rates. **Specifically:** - **Spot Gold:** As of 0354 GMT, spot gold climbed by 0.3%, reaching $1,924.84 per ounce....
**XAU/USD Daily Chart Analysis** Looking at the daily chart, gold has cautiously moved higher, surpassing the 38.2% Fibonacci retracement level at 1903.46. This development has shifted the focus towards a descending trendline from earlier this year. This trendline has the potential to re-establish a bearish sentiment, possibly pushing XAU/USD back towards the...