EURUSD session on Friday but managed to recover to the area In the absence of high tier data releases, investors will keep a close eye on headlines surrounding the Iran Israel conflict
AUDUSD Last night in Japan BOJ policymaker Asahi Noguchi highlighted the mixed impacts of a weaker yen noting that while some large firms have benefited it poses broader economic challenges Noguchi expressed increasing confidence in reaching the
GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
Intraday bias in GBPUSD is back on the downside as fall from resumes. Deeper decline would be seen to 100% projection Firm break there will target projection at next On the upside above resistance will turn intraday bias neutral again first
USDJPY sell Although the former is still below its trigger line it is running above zero and shows signs of bottoming while the latter has already bottomed after finding support at its equilibrium level
Prices in recent sessions have fluctuated up and down continuously and are difficult to predict. One day it dropped deeply, the next day it increased dramatically, making investors dizzy. In an unfavorable economic context, gold prices continue to attract investors as the central bank's purchasing power has not stopped. Officials of the US Federal Reserve (FED)...
Additionally, the rising tension between Israel and Iran heightens concerns of a wider conflict in the Middle East, providing some support to safe-haven currencies like the Japanese Yen (JPY) and creating a headwind for the GBP/JPY cross. The latest data from the Office for National Statistics showed on Friday that UK Retail Sales arrived at 0% MoM in March from...
World gold prices went down as the market gradually reduced expectations that the US would cut interest rates. On the other hand, the need for safe haven capital in precious metals is also gradually decreasing as the Iran-Israel conflict has calmed down. Geopolitical uncertainty continues to support gold and any escalation would push prices towards 2,500 XAU will...
World gold expenses went down because the marketplace progressively decreased expectancies that americaA could reduce hobby rates. On the alternative hand, the want for secure haven capital in valuable metals is likewise progressively reducing because the Iran-Israel struggle has calmed down. Geopolitical uncertainty keeps to assist gold and any escalation could...
World gold charges extended slightly, presently buying and selling round 2,370 USD on the time of writing. Yesterday, gold became down after drawing near its maximum stage of the week withinside the European session, achieving approximately 2,395 USD, nearly achieving the 2,four hundred USD mark. The important cause for this decline comes from stepped forward...
The most recent leg down, which started on April 10, was driven by a sudden strengthening in the US Dollar (USD). A run of strong macroeconomic data from the US, a solid labor market and persistently high inflation means the US Federal Reserve (Fed) cannot go ahead and cut interest rates as soon as it had been planning. The expectation of interest rates...
NZDJPY is neutral on its 1D technical outlook (RSI = 54.679, MACD = 0.060, ADX = 31.385) as it trades between the 1D MA50 and the 1D MA100. Despite the neutrality, the price sits at the bottom of the Channel Up pattern, having made its 2nd contact this month. The 1D MACD has been squeezed and is past a Bullish Cross, which has been a buy signal inside this pattern...
On the 4 hour chart, we can see more clearly the bearish setups around the 1.24 and the 1.25 handles. If the price were to break above the 1.25 resistance zone, we can expect the buyers to increase the bullish bets into the trendline targeting a break above it. There’s not much else to glean from this chart, so we need to zoom in to see some more details Gbpusd...
It is still too early to say whether EURUSD is undergoing a correction of the downtrend or a reversal given the strong bullish in hours keeps bullish hopes alive
USDJPY 1 day chart For the yen, the move is particularly notable as it pushes into technical blue skies Eyes are on Japan for signs of intervention but given that the recent move has largely been on broad USD buying following fundamentally stronger CPI numbers, it's a tough one to lean against. There have been signs of a managed decline but no real intervention....
Today's focus: AUDJPY Pattern – Continuation Support – 98.90 & 98.35 Resistance – 100.20 & 100.60 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the AUDJPY on the daily. We could have a new continuation forming as buyers have beaten yesterday's high backing in a second positive session. Australian employment data came in mixed...
Gold line of defense against further advances. With markets stretched and in overbought territory gold may struggle to clear this barrier but in the event of a breakout we could see a move towards $2,500 Xauusd buy now_2372_2362 Tp_2380 Tp_2400 Tp_2450 Sl_2358
EUR/USD’s fall from 1.1138 resumed by break through 1.0684 last week. Initial bias stays on the downside this week for 100% projection of 1.1134 to 1.0693 from 1.0980 at 1.0535 next. Firm break there will target 1.0446 support next. On the upside, above 1.0697 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.