Although gold prices increased slightly yesterday, they adjusted back down early this morning. Gold prices continued to recover during the session on February 20, approaching the resistance level at $2,030. However, this morning the gold price had a slight correction and is currently trading around the construction level of $2,026. Gold's rise is currently being...
I posted earlier a confirmed bullish breakout on a daily on EURJPY. We see a strong intraday bullish confirmation now. The price formed a horizontal range on a 4h time frame, the resistance of the range was broken with a strong bullish candle. Growth may continue on the pair. Goal: 163.4 ❤️Please, support my work with like, thank you!❤️
AUDUSD is trading inside a Channel Down pattern for the majority of 2024 so far and the neutral 1D technical outlook (RSI = 48.127, MACD = -0.003, ADX = 26.175) suggests that this is a potential sell entry. The price is below the 1D MA50 and exactly on the 1D MA200, where a rejection, validates the preservation of the bearish trend. If the price stays under it, we...
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them.
Today, the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that...
The next important EUR/USD news will be the upcoming Federal Reserve minutes, which will provide more information about what to expect later this year. In its first decision of the year, the Fed maintained the status quo, leaving interest rates unchanged between 5.24 and 5.51 With the US doing better than Europe, economists believe that the ECB will cut rates...
The move lower in the dollar has come on the back of a dip in U.S. Treasury yields in line with its global peers. That followed lower-than-expected Canadian inflation data and euro zone wage growth -- all of which sent domestic yields falling as it ramped up expectations for rate cuts by global central banks this year. The Canadian dollar was last marginally...
Intraday bias in USD/CAD remains neutral for the moment, as range trading continues. More consolidations could be seen, but further rally is expected as long as 1.3357 support holds. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance.In the bigger picture, price actions from 1.3976 (2022 high) are viewed as a corrective...
It's been a rather straightforward rebound since testing the 100-day moving average (red line) for gold. That sees price run up to $2,030 as buyers look to keep the bounce going. The next key level to watch will be the trendline resistance closer to $2,050 currently. Not much has changed from yesterday but this has been one of the more interesting charts in...
SGD_CHF shows a *Uptrend*. 📊 Current Price: 0.6554 🎯 Entry Prices: Entry Price 1: 0.6536 Entry Price 2: 0.6522 Entry Price 3: 0.6508 Entry Price 4: 0.6488 🛑 Exit Prices: Exit Price 5: 0.6772 Exit Price 6: 0.6891 Exit Price 7: 0.7009 Exit Price 8: 0.7083 ⛔ Stop Loss: 0.6453 We can Clearly see we've had a nice down trend where had a double bottom and have...
Although it increased slightly in the first trading session of the new week, GBP/USD fell back in the US session and is currently trading around 1.2590. The British pound is still being supported by the BoE's hawkish stance along with the fact that neither the UK nor the US have much important economic data this week. On the daily chart, GBP/USD is still trading...
During the February 19 session, gold rose to nearly $2,023 as Middle East geopolitical tensions persisted but then fell back as the USD recovered. In the context of investors maintaining caution, precious metals are unlikely to break out before the release of the FOMC minutes and the US CPI on Thursday. Currently, gold is increasing slightly to $2,018. The SPDR...
During the European session, the Bundesbank noted that Germany’s economy is likely in a recession, in the Buba Monthly Economic Report. The bank noted there’s “still no recovery for the German economy adding that. “Output could decline again slightly in the first quarter of 2024. With the second consecutive decline in economic output, the German economy would be...
EURUSD turned neutral technically on the 1D timeframe (RSI = 49.576, MACD = -0.003, ADX = 24.613) for the first time since February 1st which was the previous LH of the two month Channel Down pattern. It hit today the 1D MA50 in the process and got just pips away from a 4H MA200 test, a trendline that has been intact as a Resistance for almost 1 month (since...
Gbpusd on the 1 hour chart, we can see that we have an important zone around the 1.2581 level where the price reacted from several times. We can expect the buyers to step in again around this zone with a defined risk below it to position for a breakout above the trendline. The sellers, on the other hand, will want to see the price breaking lower to start...
Usdchf falling chart High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial...
Audusd for quite a while. This is generally a sign of weakening momentum often followed by pullbacks or reversals. In this case, we got a pullback into the 0.6541 level but given today’s breakout, we might be in front of a reversal. We can see that the buyers kept on leaning on the red 21 moving average and if we get a pullback we can expect them to lean on it again
THE Price broke a daily resistance , will expect to re-touch the resistance area and then fly