The Fed's hawkish stance on interest rates trajectory exerts pressure on the prices of the yellow metal.
As expected, the Federal Reserve opted to maintain the current benchmark policy rates at 5.5% during the meeting held on Wednesday.
Moreover, it is anticipated that the central bank will pursue an additional rate hike in 2023, in line with the Federal Open...
Hello traders ,what do you think about GOLD? After reaching the resistance zone, it failed to cross it and fell, and it is expected to grow again up to the specified ceiling with a slight fluctuation in this range.
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Hy team we are here to update about CHFJPY. CHFJPY is making falling Wedge Pattern. Here after breakout we can see a good bullish wave. In this move we can see price around 166 soon. Keep in touch we will update further soon.
Hello There!
Welcome to my new analysis of EURUSD from several timeframe perspectives, on the current underlying market dynamics, and on what should be expected within the current market. There is a main primary indication, the massively spreading inflation within the EUR that is creating a huge inflation gap between the EUR and USD, and when such an inflation...
NEW Forecast of TVC:GOLD : As you can see, on yesterday price was corrected by 50 pips from the price that was analyzed to the range of $1922, but the price could not stabilize below this range and again faced a demand pressure , and up to this moment it has managed to grow up to $1935. Considering the various Gaps that have been created because the price growth...
GBPCHF at the support zone 1.0660 if the price cannot break through. It is expected that in the short term there is a chance that prices will rebound. >> GooD Luck 😊
Hello There!
Welcome to my new analysis of CHFGBP. Within recent times CHFGBP continued with forming a highly important formation in the whole formational structure as it managed to build up bullishly within the major areas of the structure. In this case, I have detected the most prevalent important signs and considerations to determine for CHFGBP and the...
Analysis:
Bullish Confluences
In an upwards trend
Retesting an area of significance
61.8% fib retracement level touch
In an ascending channel
Upwards trendline touch
11K short position decrease for the AUD
2K long position decrease for the NZD
Recent AUD news has been bullish
Bearish Confluences
The AUD is the 2nd weakest major currency whereas...
Dear Colleagues, at the beginning of the week it was not clear which wave it was. At the moment it is obvious that the trend is upward and at the moment wave 2 is completed in the area of 1937, then I expect a correction in wave 3 at least to the area of 50% Fibonacci level 1919.586.
Manage your capital correctly and competently! Only enter trades based on...
I bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP.
The BoE's decision to...
Dear colleagues, I believe that the price will make a correction to the area of 50% Fibonacci level 1930. Then I will consider short positions, because there is a high probability that the minimum of wave 2 will be updated.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, from now on I consider only long positions. At the moment the price is in the range of 78.6%-100% of the Fibonacci extension level (1.2274-1.23328). It is possible to update the low, then I think only about long positions at least to the resistance area of 1.24213.
Manage your capital correctly and competently! Only enter trades based on...
Dear Colleagues. Attention! At the moment, the most important thing is to determine when wave 5 will end. Very soon I expect a strong reversal and the beginning of an upward movement. Now I assume that the price will reverse in the range of 61.8% -78.6% Fibonacci extension levels (1.05536 - 1.06259). Carefully follow the forecast update, the reversal can happen at...
By re-examining gold in the 4-hour time frame, we see that the price, yesterday after the last analysis that we posted and the demand range that the price had entered, As we expected, the price had a positive reaction to this level and the price managed to grow from $1908 to $1915 yesterday! Today, with the announcement of the CPI statistics, the price of gold...
Analysis:
Bearish Confluences
Strong longer term downwards trend
In the retracement phase
Retesting an area of significance
61.8% fib retracement level touch
In a descending channel
Downwards trendline touch
1K short position increase for the USD
1K short position decrease for the CHF
Bullish Confluences
The USD is the 3rd strongest major currency...
Hello There!
Welcome to my new analysis of GBPUSD. The GBPUSD developments recently have shown crucial bearish inclinations that should not be underestimated especially as the bearish volume increased there is a severe bearish momentum within the pair. Besides that, the Pound Currency Index is forming similar bearish downside pressure especially as the selling...
The EURCAD pair has been decreasing since the August 30 High that formed the 1.48250 Resistance (1). Being below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), the long-term outlook looks bearish, considering also the fact that we may have completed a huge Head and Shoulders pattern since December.
However, the price is decelerating the...
Analysis:
Bearish Confluences
Longer term downwards trend
Retesting an area of significance
At the top of a range
In a descending channel
Downwards trendline touch
23K long position decrease for the EUR
Bullish Confluences
The EUR is the strongest major currency whereas the AUD is the 2nd weakest major currency
2K long position decrease for the...
