Dxy downtrend The US Dollar Index is slowly but surely advancing higher again with markets digesting the failed ceasefire plan that was put on the table by Hamas. The harsh rhetoric from Prime Minister Benjamin Netanyahu could mean some lingering US Dollar strength in the coming weeks. Meanwhile markets will be looking for next Republican state Caucus elections,
World gold prices on February 7 reversed to increase slightly with spot gold increasing by 10.5 USD to 2,035.4 USD/ounce. Gold futures last traded at 2,052.4 USD/ounce, up 9.5 USD compared to yesterday morning. World gold reversed slightly when boosted by the weakening of the USD and falling Treasury bond yields. The 0.3% drop in the US Dollar Index increased...
Hello traders ,what do you think about GOLD?Gold rose after hitting the indicated trend line and support area, now it is expected to continue to grow after a slight correction at least to the indicated levels. If this post was useful to you, do not forget to like and comment.❤️
WTICO/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Btc buy expected think we are most likely to see a bullish breakout above this triangle, which could send the price higher to reach the next resistance level at $47,507 If this breakout happens later today with a strongly bullish candlestick, it could be an interesting signal at which is enter a new long trade.
breaches the 2024 bottom of 1.0723 (February 6), it may then set sail towards the November 2023 low of 1.0515 (November 1), followed by the weekly low of 1.0495 (October 13, 2023). This would be followed by the 2023 low of 1.0447 (October 3) and the round level of 1.0410. The outlook for the pair is expected to turn bearish if it consistently surpasses the...
Our data shows traders are now net-short NZD/USD for the first time since Jan 16, 2024 when NZD/USD traded near 0.63. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.soon nzdusd buy
XAUUSD price is near the 2047 resistance zone if the price cannot break through. It is expected that in the short term the price will go down.
Markets are not paying too much attention to the downgrading of interest rate cuts from the Fed and strong US economic data, as the USD is falling from the weakening of government bond yields. U.S. Treasury yields are extending their decline, as markets anticipate a major auction of U.S. 10-year Treasury notes later on Wednesday. These factors are helping Gold...
Xauusd uptrend expected soon we see the all time high in gold history get advantage go with buy Gold benefited from falling US yields and rose toward $2,200 on Tuesday. Economists at ANZ Bank analyze the yellow metal’s outlook.
Gbpusd upside, 1.2652 (Fibonacci 23.6% retracement of the latest uptrend) aligns as immediate resistance before 1.2680 (20-day SMA, 50-day SMA) and 1.2710 (psychological level, 200-period SMA on the 4-hour chart). 1.2601 (static level, psychological level) could be seen as interim support before 1.2562 (200-day SMA). A daily close below the latter could attract...
hi guys this structer for oi that is rtm and neo smc concept i want give position on this setup good luck
AUD/JPY Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the...
Gold fluctuated slightly as markets remained cautious in a week with few important data Gold prices have not had many strong fluctuations as the market waits for new catalytic factors on the precious metal. During the February 6 session, gold prices mainly traded in the range of $2,023 - $2,029 before rebounding to $2,036 at the end of the day when the USD's...
Hey Everyone, Another great day with our chart idea update from yesterday playing out perfectly with 2030 hit on market open, as suggested yesterday. Yesterday we hit our Bullish target followed with the bearish retracement target and then cross and lock confirmed the swing range for the perfect swing into 2030, as highlighted on the chart - BOOOOOOM!!!!!! We...
nzdusd pair faces selling pressure while attempting to extend recovery above the immediate resistance of 0.6071 in the European session. The Kiwi asset has fallen on the back as the broader market mood is downbeat, and investors are rushing back to safe-haven assets.
USDCHF is up for the 3rd day in a row and in doing so, the buyers are taking more control. More specifically, the price is moving above and away from the 38.3% of the move down from the September high. That level comes in at 0.86806 and in trading today, the price stayed above that level at session lows. That shows the buyers want to explore higher, and they have...
Eurusd sell chart the daily swing high around the 1.0760-1.0765 region seems to act as an immediate hurdle ahead of the 1.0800 mark and the 200-day SMA, currently pegged near the 1.0835- 1.0841 zone. That said, a sustained strength beyond the latter might trigger a short-covering rally and allow the EUR/USD pair to reclaim the 1.0910 round figure. Some...