Last week, gold rose sharply after the FOMC meeting but reversed most of the gain after a series of US economic data at the weekend. Last week, gold prices swept in two directions after economic data, especially after the Fed's interest rate policy meeting. The precious metal rose from $2,154 to $2,222 after the "dovish" message from Chairman Powell before turning...
Last week, gold rose sharply after the FOMC assembly however reversed maximum of the benefit after a sequence of US monetary records on the weekend. Last week, gold fees swept in instructions after monetary records, particularly after the Fed`s hobby charge coverage assembly. The treasured steel rose from $2,154 to $2,222 after the "dovish" message from Chairman...
As Middle East geopolitical tensions continued however then fell again because the USD recovered. In the context of buyers retaining caution, treasured metals are not going to interrupt out earlier than the discharge of the FOMC mins and the United States CPI on Thursday. The USD did now no longer vary a great deal while the United States marketplace turned into...
XAUUSD While there were some hawkish elements in the Feds guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and the fact that the easing cycle is inching closer and looming on the horizon
The dynamics of Bitcoin trading are ever changing and the failed breakout on The 1-hour chart is a a stark reminder of the volatility and uncertainty inherent in cryptocurrency markets Whether Bitcoin will bounce back or continue its descent is a question only time will answer For now traders should brace for a potential test of the green support line and...
Having said that ceilings are meant to be broken If it happens it would take the USDJPY to the highest Level
Gold weakened after lower-than-expected unemployment claims and manufacturing PMI rose, the focus turned to Chairman Powell's speech today. During the March 21 session, gold prices were under pressure when the number of applications for US unemployment benefits was lower than expected and the manufacturing PMI index increased. The precious metal dropped sharply...
XAUUSD While there were some hawkish elements in the guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and very easy fall soon gold
USDJPY also looks overbought to me. The resistance, that the price is currently testing, holds strongly. I believe that the market may retrace from the underlined blue area at least to 151.3 support. ❤️Please, support my work with like, thank you!❤️
EUR JPY has formed a double top at the weekly resistance level The market has broken out of the neckline, we need to see a retest before looking for entry short.
CAD/JPY Short Minimum entry requirements: • 1H impulse down below most recent low. • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/USD remains under selling pressure above the mid-1.2700s, UK Retail Sales data eyed Given the fundamental outlook, the GBP/USD extended its losses and formed a large ‘bearish engulfing’ candle pattern, increasing the odds for further downside. The Relative Strength Index (RSI) dives further into bearish territory, while the 200-day moving average at 1.2592 is...
USOIL price approaches the resistance zone 83.07-83.51. If the price cannot break through the 83.51 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
GBPJPY selling expected at the last meeting removing the tightening bias but reaffirming that they will keep low
BTCUSD The decision was significantly more offensive than expected since most analysts expected the bank to change its guidance since inflation has remained at an
EURUSD has erased most of yesterday's "Fed fuelled" gains with a strong 1D red candle that turned the 1D timeframe neutral again (RSI = 48.908, MACD = 0.002, ADX = 36.543). Amidst this volatility a strong technical development is going unnoticed. The pair is about to form the first 1D Death Cross since September 28th 2023 and only second since July 22nd...
So buyers had a shot on the rise after Australia employment data That shot failed against the topside trendline and the subsequent move back between the cluster of movingly averages
Hey there, fellow traders! If you're looking for an exciting move in the forex market, USD/JPY has got something special brewing, and here's why you should pay attention: 🔍 Reading the Charts: Our analysis is shouting 'sell' from the rooftops, starting with targets at 150.640. But that's just the beginning – we're aiming for even lower levels at 148.392 and...