The EUR/USD daily chart sees the pair remaining confined to the 1.0801 -1.0861 area during the last three days, bracing around the 200-day moving average (DMA) at 1.0822 Relative Strength Index (RSI) studies turned bullish, but buyers need to achieve a daily close above last Friday’s high, to remain hopeful of testing the 50-DMA at 1.0881 ahead of the 1.0900...
Gold according to the 1-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, momentum, while the longer moving averages remain directionless. XAU/USD hovers around a flat 100 SMA Technical indicators, in the meantime, eased from near overbought readings,...
price fail to make higher high and even fail to break the trend line and even to test the old high price range , we expect price will continue dropping
Eurusd On the 1 hour chart, we can see more closely the recent price action with the consolidation between the 1.07 support and the black trendline. We should find the sellers around the trendline if the price were to get there, but overall it will be a waiting game until we get a breakout on either side
Hello traders ,what do you think about GOLD?In the daily chart of gold, the structure of the market is sideways and the price fluctuates in a downward trending channel and is currently at the ceiling of the downward channel. On the last trading day of last week,gold broke the resistance of 2035, but the volume of transactions decreased compared to the previous...
NZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2...
CHFJPY nicely respected a key horizontal resistance. We see multiple doji candles and a formation of a bearish engulfing candle. The pair may drop from the underlined blue area. Goal - 169.56 ❤️Please, support my work with like, thank you!❤️
NZDCAD leaves multiple bullish clues after a test of a strong intraday horizontal support. I see a confirmed bullish violation of a resistance line of a falling channel and a breakout of a neckline of a double bottom. We can expect growth now. Goal - 0.8285 ❤️Please, support my work with like, thank you!❤️
GBPNZD formed a cute double top formation after a test of a key horizontal resistance on a 4H time frame. Because the pair is quite overbought, we may see a retracement from the underlined blue area. Goals: 2.068 / 2.061 ❤️Please, support my work with like, thank you!❤️
Gold prices rebounded after US PCE data matched estimates, supporting expectations of interest rate cuts in the near future. During the February 29 session, gold prices increased sharply from $2,028 to $2,050 after the US core PCE report completely coincided with market predictions. The precious metal then fell slightly and ended the day at $2,044. It is still...
Gold prices rebounded thanks to Middle East geopolitical tensions and US GDP figures missing estimates. During the February 27 session, gold prices increased sharply from $2,024 to $2,037 as geopolitical tensions increased and US GDP figures were lower than expected. However, precious metals have not been able to extend their upward momentum in the context that...
Reuters cites a letter from Grayscale CEO Michael Sonnenshein, who described the SEC rejecting options on its Grayscale Bitcoin Trust (GBTC.P), as an unfair discrimination against its shareholders, adding that the regulator has previously approved options on ETFs tied to BTC futures. "It is vital to the interests of GBTC and all spot Bitcoin investors to access...
The EUR/USD daily chart sees the pair remaining confined to the 1.0801 -1.0862 area during the last three days, bracing around the 200-day moving average (DMA) at 1.0821 Relative Strength Index (RSI) studies turned bullish, but buyers need to achieve a daily close above last Friday’s high, to remain hopeful of testing the 50-DMA at 1.0882 ahead of the 1.0901...
though we have tested HTF supply. now we will wait for the great price action but still we can say we are now in the bull run. right now we can expect from the price to drop down upto weekly demand area which will be good for day traders to go with longs but as we just tested main supply. be careful we need to have more confirmations from the price action in order...
CAD/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. EUR/USD Long Minimum entry requirements: • If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • If 3 touch...
Despite the challenges gold is facing in a high interest rate environment The precious metal will remain stuck in its current range until the market knows for sure when the Fed will cut interest rates. Gold's short-term direction will continue to depend on upcoming economic data and their impact on the USD, yields and, not least, interest rate cut expectations. A...
The world gold market is quiet as investors are waiting for important reports this week. It is expected that the personal consumption expenditure index (PCE) report, which is expected to influence the interest rate direction of the US Federal Reserve (Fed), will be published today. In recent statements, Fed officials left open the possibility that the US Central...
EURUSD is technically neutral both on the 1W and 1M timeframes (RSI = 50.883 and 49.520 respectively), which indicates a lack of trend currently. This is justified technically as the late 2022 - early 2023 rally stopped on an emphatic July 2023 rejection on the 1M MA50. December 2023 gave a second rejection on the trendline, which makes for a technical Double Top....