On the 4 hour chart, we can see more closely the rangebound price action which is often hard to trade due to its erratic nature. The best strategy is generally to sit out and wait for a clear breakout supported by aThe GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price...
Gold continues to be under pressure from strong economic data Gold had a volatile week after a series of US economic data rose above estimates Gold had a volatile week with a sharp drop from $2,031 to $1,990 on Tuesday as the US CPI report beat estimates. Precious metals recovered but then sold off slightly on Friday when US PPI data also increased more than...
The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in...
Looking to buy the silver at the three-grade resistance level. A nice clean break caught my attention to place a buy limit order @23.08 Stop is under the thrust candle. I will change the target as the market offers new FTA ahead of my bid level.
Western Texas Intermediate, the US crude oil benchmark, is trading around $77.50 on Friday. WTI prices edge higher after the weaker-than-expected US Retail Sales data raise hope that the Federal Reserve will soon start cutting interest rates in coming months. WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks R3 West Texas Intermediate (WTI)...
Hot US inflation report justified the Fed’s pushback against early and aggressive interest rate cut expectations, triggering a fresh rally in the US Treasury bond yields and the US Dollar. In light of this, GBP/USD reversed sharply from the weekly high of 1.2681 to as low as 1.2572 The correction in the currency pair gained momentum on Wednesday after the annual...
The EURUSD continued its run from earlier today, but did run into resistance at the 100-day MA at 1.0782. The price has since rotated lower and is now back down testing its 200 and 100-hour MAs at 1.0751 and 1.0747. Those levels are now the next barometer for this pair. Buyers have a shot to stall the fall and work back to the 100-day
Gold struggled to recover even though US government bond yields increased across all terms XAU/USD increased slightly in the European session and gradually recovered from the 2-month low, around the 1,984 USD area established in Wednesday's session. Investors are shifting their focus to the US January PPI report for fresh catalysts. On frame D1, immediate...
Here is one more breakout that I spotted today: EURCHF violated a key horizontal resistance and close above that. It opens a nice potential for a further bullish continuation. Next resistance - 0.9535 ❤️Please, support my work with like, thank you!❤️
On the flip side, the 100-day SMA, currently around the $1,993-1,992 area, could act as immediate support ahead of the $1,985 region, or a two-month low touched on Wednesday. This is followed by the very important 200-day SMA, currently pegged near the $1,967 area, which if broken decisively will be seen as a fresh trigger for bearish trades. The Gold price might...
Good CPI NEWS for USD XAU dropped sharply Waiting for XAU's recovery Disciplined and effective transactions Full TP and SL, everyone Wish everyone good trading and good luck
I believe in a short term sell for EURUSD, possible uptrend after it hits TP of 1.07180 or it may continue to go down. Entry: 1.0760 SL: 1.0765 TP: 1.07180
Thank you Curtis Kobane Branch for teaching me how to trade Forex and Crypto currencies and Stocks in the Financial Markets.
zone around the 0.6050 level following the hot US CPI report. We continue to have a rangebound price action between the 0.6051 support and the 0.6151 resistance. The buyers will likely step in here with a defined risk below the support to position for a rally back into the resistance. The sellers, on the other hand, will want to see the price breaking lower to...
Gbpusd surely Fall down The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was expected ahead of the release, the fourth quarter number was slightly worse despite December performing better than anticipated. The UK has been flirting with recession for...
AUDUSD is in a downtrend. The price is currently near the resistance zone 0.65102- 0.65304. If the price cannot break through the resistance level 0.65304, it is expected that 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!
Intraday bias in USD/CAD stays on the upside at this point. Firm break of 61.8% projection of 1.3172to 1.3541 from 1.3352 at 1.3582 will pave the way to 100% projection at 1.3721. On the downside, break of 1.3437 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat