On the hourly chart of EUR/USD at FXOpen, the pair started fresh gains above the 1.0930 zone. The Euro broke above the 1.0985 resistance area against the US Dollar. The pair even settled above the 1.1020 resistance and the 50 hourly simple moving average. Finally, it tested the 1.1040 resistance level. A high was formed near 1.1044 and the pair is currently...
There were moderate movements during yesterday's Asian session and gold fluctuated slightly up from $2067. During the US trading session, gold quickly increased in price along with the depreciation of the USD and surpassed the resistance zone, once reaching 2084 USD. Finally, gold closed the daily chart on a positive note to post its fifth consecutive gain,...
Supported by positive market sentiment, GBPUSD rose above 1.2800 on Thursday and settled at the 61.8% Fibonacci retracement level at 1.2740 (from July 14 high of 1.3142). to an October 4 low of 1.2037). The rising 20-day exponential moving average (EMA) is placed at 1.2670, projecting continued upside support for the British pound. The relative strength index...
EUR/USD just hit a high, breaking through the 1.1020 and 1.1101 hurdles to reach 1.1121—a five-month high and up 0.72%. But it's the holiday season and the low trading climate can make things unpredictable. It's likely we will see a temporary spike in rates and then a drop below 1.10 as things return to normal. If you're thinking of selling, keep a close eye on...
There were moderate movements during yesterday's Asian session and gold fluctuated slightly up from $2067. During the US trading session, gold quickly increased in price along with the depreciation of the USD and surpassed the resistance zone, once reaching 2084 USD. Finally, gold closed the daily chart on a positive note to post its fifth consecutive gain,...
Greetings Traders, As we anticipate the upcoming week, our attention is firmly on USDCAD, where we are actively assessing a potential selling opportunity around the 1.32600 zone. Engaged in a downtrend, USDCAD demonstrates a sustained downward trajectory. Concurrently, the currency pair is in a correction phase, steadily converging towards the trend at the...
The USD recovery caused gold to fall slightly as US government bond yields and the USD recovered, but it is expected to maintain its upward momentum thanks to the current dovish stance of the market. During the December 28 session, world gold prices dropped to around $2,065 from $2,088 at the beginning of today's Asian session when US government bond yields and...
EUR/USD Short • If price impulses back down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan...
Possible GBPAUD trade scenario Enter with ltf confirmation Direct entry on 4hr zone then manage risk 1:2-3 RR Indicator based SMC approach Follow and like for more setups
Waiting for the US labor report The market is turning its focus to last week's unemployment claims data in the United States and the bond auction for new catalysts. On frame D1, the RSI indicator is close to 70, showing that gold's upward momentum is still strong. XAU/USD broke through the rising channel resistance at $2,080. If we close the day above this...
Hi Realistic Traders. Here's my price action analysis on FX:AUDJPY ! The AUD/JPY pair has consistently established higher highs and higher lows, successfully surpassing the EMA200 Line. This upward shift above the EMA200 line unequivocally signals a bullish trend. Subsequently, it formed a symmetrical triangle pattern and decisively breached the upper trendline...
EURUSD is about to turn neutral again on its 4H technical outlook (RSI = 55.947, MACD = 0.003, ADX = 54.703) as the uptrend got rejected today near the top of the two month Channel Up. As the 1D RSI is forming the same Bearish Divergence as the November 28th HH, we turn to selling again as this is technically the Bearish Wave of the Channel Up. The previous HL...
Possible GBPCAD trade scenario Enter with ltf confirmation Direct entry on 4hr zone then manage risk 1:2-3 RR Indicator based SMC approach Follow and like for more setups
Tensions in the Middle East conflict are increasing its appeal The decelerating US PCE data released on Friday continued to pressure the USD and support gold's rise in the final trading week of 2023.
JPY's rally benefited from hawkish comments from BoJ Governor Ueda when he emphasized policy divergence between the Fed and BoJ. USDJPY is falling again after 2 consecutive sessions of increase. Technical indicators show that the downward momentum is still strong. The key resistance to watch is the 200-day MA at 142.75, with further targets at 143 and 144. On the...
The pair's rise was supported by dovish expectations that the Fed may soon pivot its policy. Last week's Unemployment Claims Report in the United States will be released tonight. EUR/USD retreated from the intraday high at 1.1122, after successfully testing key resistance at 1.1000. Upward momentum remains strong and solid even though technical indicators are in...
AUDUSD surpassed its recent high of 0.6800 last Friday, reaching levels not seen in nearly five months. The initial rise in the Australian dollar was attributed to increased market risk appetite and a decline in the US dollar. Additionally, hawkish sentiment around the RBA supported the Australian dollar. AUDUSD continues its uptrend intraday. Upward movement...
USDJPY surged after falling below the 200-day SMA but encountered strong resistance at the 200-day EMA and recovered some of last week's decline. The Relative Strength Index has recovered from the 30 level, but it is trending sideways and the MACD is rising after falling below the trigger line. If the upward pressure continues, the price could revisit the previous...