USDCHF is overbought on the 1D technical outlook (RSI = 74.650, MACD = 0.007, ADX = 47.655) as it hit the top of the yearly Channel Down. That is exactly on the 0.786 Fibonacci retracement level, where the LH prior was always priced, also after an approximately +8.50% rise. The 1D RSI is making a reversal inside the overbought zone and we are about to form a 1D...
The Fed signaled they want to be cutting rates and there’s a geopolitical risk concern that continues t markets around these wars, both in Ukraine and in the Middle East, which is gold supportive,” Ilya Spivak, head of global macro at Tastylive said. “Gold prices are in a rangebound trade for most time this month and a break above current resistance level around...
In this live trading session video,we look at current live, open and closed positions on BRENT and GBPUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
Intraday bias in EURUSD remains neutral for consolidations up Downside of current retreat should be contained by EMA now at to being Rebound On the upside breaker of
EURUSD consumer confidence improved slightly to minus European consumers are concerned
as we can see in chart of JPYUSD a good symmetrical triangle is been formed and have broke... have broken on the upper side of the triangle so we can been on buy side with stoploss of 146.50 and tgts of 157.50 & 165.75 also we have some of the data incoming so volatility would be at peek
During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5 There won't be much major news coming out in the near term, so all eyes will be on the US PCE data, released on Friday as traders look...
Technically, rising April gold futures have a solid overall near-term technical advantage. A 5-week uptrend has been formed. According to senior market analyst Jim Wyckoff, gold's next upside price objective is to produce a close above solid resistance at the record high of $2,225.30. First resistance is seen at the $2,182.50 high and then at $2,188.00, solid...
AUDUSD This week the price action has been up and up volatile Today the up was pressed with the price moving up to test a high upward slopping trend line That trend line was broken on separately occasions
GBPUSD Today the price action has been able to stay entirely the key day MA However the highr for the day have been within the area bullish
XAUUSD adopt a more hawkish posture signaling that more patience is needed before removing policy restraint and that fewer rate cuts than initially anticipated
Hey there on 1htF the USOIL also Looking For Fly to The upside We can next support area see 86$ so now as we continue looking for upside the market has making pressure for every point to make some liquidity and then go upside
📈 Let's dive into this forex pair, NZDCAD, for trading in futures markets and conduct an analysis. 💰 In the 4-hour timeframe, after losing support at 0.82951 and experiencing a downward movement, we've almost reached a point where we're pausing in terms of both time and price in this timeframe. 📉 The support we've formed in the 4-hour timeframe isn't a...
On the daily chart, we can see that GBPJPY got rejected by the upper bound of the rising channel and extended the drop as the BoE made another step towards rate cuts with the hawkish members changing their vote from a hike to a hold. From a risk management perspective, the buyers will have a much better risk to reward setup around the lower
Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 should target 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. Firm break there will target 0.9243 key medium term resistance next. On the downside, below 0.8963 minor support will turn intraday bias neutral and bring consolidations first. But outlook...
Gold News: Read the Latest Analysis on XAU/USD Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded...
The recovery in gold prices weakened as the US dollar rebounded. During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5 There won't be much major news coming out in the near term, so all...
Gold is unlikely to reach a new record high before Easter unless there is significant news that strengthens the case for an earlier rate cut. Reaching record highs later this year and gold price forecast The precious grade will reach 2,350 USD/ounce in the first quarter of 2025. Besides, gold prices are also supported by physical demand from households in China....