As We Talked in The Previous Analysis: The USDJPY Reached The Resistance Level (151.908 - 151.318). Currently, This Key Level is Broken, and Becomes a New Support Level ! So, I Predict a Bullish Move 📈. ------------- TARGET: 154.620🎯
The EUR/USD pair has continued its downward trajectory, in line with our previous weekend analysis, now hovering around the 1.06100 mark. This decline coincides with a convergence of multiple technical indicators and recent economic developments. Notably, the price action has entered a potential Fibonacci reversal zone, coupled with an oversold condition signaled...
The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher...
Xauusd Higher bond yields weigh on Gold as they increase the opportunity cost of investing in it However Gold has performed strongly in the past few weeks despite rising bond yields amid geopolitical tensions in the Middle East region As a safe-haven asset Gold demand from investors and central banks increases at times of global economic uncertainty and worsening...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hey Traders ! On The Daily Time Frame, The NZDUSD Broke The Support Level (0.59709 - 0.59406). This Key Level Becomes a New Resistance Level. So, I Predict a Bearish Move 📉. TARGET: 0.58800🎯
The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down. As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical...
Since March 20th, when FX:USDJPY once again reached the 151.50 zone, marking a decades-high for this pair, the price has been fluctuating within an extremely tight range. However, upon closer observation of the price action, it becomes evident that USDJPY is pressing against this resistance level, with dips being consistently bought. Even during Friday's NFP...
In the bigger picture, price actions from 0.8342 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0145 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9242 resistance, at least on first attempt. However, decisive break of 0.9233 will argue that the...
Comments on Friday from Fed Chairman KC: Encouraging patience with interest rates until inflation declines markedly to 2% Economic growth is creating uncertainty about monetary policy Inflation remains high The employment sector remains strong Wage increases indicate an imbalance in the labor market Want to see the Fed balance sheet shrink
Dear Colleagues, at the moment the price has made a strong downward movement. I suppose that the price is in wave "4" and can continue its movement to the support area of 80.22, but I consider only long positions, because the price can make a reversal at once. I recommend to work with pending orders. The nearest target is the resistance area at 87.47. Manage...
XAU/USD trades near $2,371 and the daily chart shows that the slide may continue. Technical indicators retreat from extreme overbought levels, suggesting the decline may continue. Still, a steeper slide remains out of the picture, as XAU/USD refuses to give up while developing its moving averages above all Simple Moving Average (SMA) maintains its firmly bullish...
Price is falling towards the an overlap support zone which lines up perfectly with the 50% Fibonacci retracement. A bounce from this level could lead the price to rise to the upside I'm bullish biased
The Fed's Higher-for-Longer Strategy: A Strong Dollar Squeezes Markets The Federal Reserve's unwavering commitment to its "higher-for-longer" interest rate policy is pushing the U.S. dollar to its limits. Chair Jerome Powell's recent pronouncements leave little doubt: rate cuts won't be coming soon. This strong dollar is creating a ripple effect across global...
The US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the...
gold analysis Daily and weekly time frame midterm Gold can touch 2500 in the medium term and there we have to wait and see if it can continue its growing trend or we have to wait for a change in the trend.
The drop earlier today came despite continuous geopolitical tensions and the potential for an Israeli response to the Iranian attack this weekend. There were reports from WSJ and Axios indicated that Israel may consider an attack that showcased the depth of their offensive capabilities. Over the weekend defensive capabilities were showcased
The fact we saw an intraday break above $2400 quickly reverse suggests traders are keen to book profits, which in turn suggests we may be about to experience some sort of shakeout at these highs.” Gold price (XAU/USD) oscillates in a narrow trading band heading into the European session on Tuesday and remains well within the striking distance of the all-time peak...