Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
Daily chart: GBPJPY is currently in the 194.762 -194.974 key resistance zone from a technical perspective. If the price does not break the 194.974 level, a bearish pattern will be activated. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
📈 USDCHF Analysis: Potential Breakout Opportunity Ahead Hey Traders! 👋🏼 Let's dive into the exciting action on USDCHF! 🚀 🔍 Current Situation: USDCHF is currently in the midst of a powerful bullish trend on the daily timeframe. As we speak, it's testing a crucial horizontal resistance level. 📊 This moment could be pivotal! 💡 Trading Strategy: I'm on high alert...
Hello dear traders, 📊 EUR/USD is in a holding pattern ahead of major US economic data 📉 Resistance looms near 1.08000 while support holds at 1.06000. Traders are on edge as key reports like non-farm payrolls and Fed announcements approach 📈 Positive US data could give USD a boost, pushing EUR/USD down, while weaker data might lead to a breakout 📉 Conservative...
Regarding the Greenback, sellers appeared back in the market after US Q1 GDP figures came in short of expectations and quarterly inflation prints ticked higher, reigniting speculation that the Federal Reserve (Fed) might keep its restrictive stance for longer. Meanwhile, the daily advance in the Australian dollar was accompanied by further improvement in the risk...
Gold prices have recovered slightly during today's Asian session and are currently trading around the $2,330 resistance level. Gold prices have now recovered after falling sharply following last night's US GDP data and the precious metal is currently trading around $2,330. Although gold's upward momentum has weakened when the RSI indicator on the daily chart...
📉 GBPCAD Analysis: Potential Resumption of Bearish Trend Ahead 📉 Hey Traders! 👋 📊 I've been closely tracking GBPCAD, and it's been quite the rollercoaster lately. Here's the scoop: 🐻 After a solid bearish wave, we saw a correctional movement that brought us to a critical juncture. Recently, the price hit a major horizontal resistance cluster. But here's the...
AUDCHF is bullish on its 1D technical outlook (RSI = 60.496, MACD = 0.002, ADX = 32.323) after a strong bounce and closing above the 1D MA500. The dominant Bullish Megaphone pattern made its previous HH on the 2.0 Fib extension and a new 1D MACD Bullish Cross has validated that it now sets course for the new HH. We target again the 2.0 Fib (TP = 0.61550) which is...
AUD/CAD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/NZD Short Minimum entry requirements: • 1H impulse down. • If 2 touch 15 min continuation, 5 min risk entry within it.
USOUSD is in a correction period. The price has an opportunity to retest the 81.12 and 80.05 support zones. If the price cannot break through the 80.05 level, there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Gold price trend to continue Down during session It is expected that price will continue down trend And approach the price range of 2350 Gold price now 2347 TP1: 2335 TP2: 2420 TP3: 2385 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Hey folks, exciting news! 🚀 A golden opportunity just unveiled itself on this fine Friday. Picture this: two significant gaps on our chart - one bullish, the other bearish - both nicely filled in. Now, the stage is set, and we're eagerly awaiting the bulls to strut in and take charge. Our On-The-Edge (OTE) zone is primed, leaning towards the buy side. Let's buckle...
Gold struggles to stage a rebound following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% ahead of US data, not allowing XAU/USD to gain traction. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around...
The NZD/USD declined towards 0.5871 on Tuesday reflecting a loss of 0.46%, despite. The pair's movements are largely influenced by the market’s adjustments of their expectations and the delay of a rate cut by the Federal Reserve (Fed) by year-end. Rising Treasury yields are also applying downward pressure on the pair. On the data front, in March, Building Permits...
The GBP/USD pair has shown signs of gaining traction during the early European session on Wednesday, surpassing the 1.2460 mark after experiencing a rebound around the 50% Fibonacci level. Despite previous forecasts suggesting a potential deeper reversal around the 61.8% and 78.6% Fibonacci levels, recent price action, in line with EUR/USD movements, indicates a...
The AUD/USD pair continues its upward trajectory, marking its second consecutive day of gains after finding support at the 0.6400 level on Wednesday. Despite facing a mixed bag of economic data, the Aussie dollar remains steadfast, exhibiting resilience in the face of uncertainty. On the economic front, the Australian dollar experienced contrasting news. While...
In the bigger picture, price actions from 0.8332 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0146 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9241 resistance, at least on first attempt. However, decisive break of 0.9242 will argue that the...
The GBP/JPY pushed into fresh multi-year highs on Thursday as the pair grinds towards the 195.00 handle. The Japanese Yen (JPY) continues to weaken across the broader FX market, prompting increasing rhetoric from the Bank of Japan (BoJ) regarding direct intervention in currency markets to shore up the beleaguered JPY. The BoJ is expected to discuss intervention...