Dear friends, USDJPY has reached the desired level of 150.00, and currently, the trading price is relatively calm at 150.22. My viewpoint is to retest the previous breakout area or a lower level of support to continue the upward trend of this currency pair. What are your thoughts? Do you agree with me?
Dear friends, Escaping the upward trend has led to a significant reduction in product prices. When the Euro (EUR) appeared weak against the US Dollar (USD) on Friday, the EUR/USD traded within a narrow range around 1.0500 by the end of the week. The greenback traded higher within the weekly range, reaching around 106.70 when measured by the US Dollar Index (DXY)....
Dear friends, during last week's trading session, we witnessed the Gold market surpassing the psychological resistance level of $2000, just as expected. Investors sought to protect their assets as uncertainties in the Middle East continued to unfold. At the time of writing this article, the price temporarily halted at $2006. Overall, there has been a relatively...
Dear valued comrades, Gold prices today are trading calmly with slight fluctuations. However, this precious metal has escaped from the downward trend that caused prices to decline recently. At the time of writing this article, the gold market is trading at $1975. A downward trend has formed, so gold may experience a slight decline before continuing its upward...
Dear friends, BTCUSDT has maintained an impressive upward trend after reaching 34,000 USDT, posing some challenges in the cryptocurrency market. At the time of writing, the price is hovering around this 34,000 USDT range. It is expected that there will be a price decrease to test the support level at 30,600 USDT, which will help BTC strengthen its efforts to...
Dear friends, In this week's trading session, the psychological level of $2000 is still eluding gold. At the time of writing, gold is trading at $1987, slightly higher than yesterday morning but significantly lower than the intraday high when the latest report revealed the resilience of the US economy. Specifically, the report shows that US GDP for the third...
Hello dear friends, On the last trading day of this week, do you think the price of gold could reach $2000? Let's explore the gold market together with Karina! Yesterday, the price of gold approached the $2000 level but still lacked the momentum to surpass this resistance. Evidence shows that gold has been consistently moving sideways within a narrow range around...
Hello dear friends! What do you think, will EURUSD rise or fall next? Let's find out more about this currency pair with Karina! As Karina mentioned in the previous article, EURUSD will rise but only as a correction and will soon be pushed back down when it reaches 1.070. This currency pair is facing some selling pressure due to the stronger US dollar (USD) and...
Dear friends, the price of Gold continues to decline below the 1800 USD mark, dropping from its highest level in the past 5 months. This is due to the Federal Reserve maintaining high interest rates, which affects the demand for non-yielding assets. A clear upward trend has formed on the 1-hour time frame. My short-term trading idea is to place a buy order for...
Dear readers, The GBP/USD pair is currently recovering in today's trading session after dropping to the support level of 1.205. At the time of writing, this currency pair is trading at 1.213. However, with more people accepting the Federal Reserve's stance as a hawkish anchor for this pair, it is playing a pivotal role at the moment. From a personal standpoint, I...
Dear fellow comrades, the price of gold has experienced significant fluctuations today as the financial investment community increases its demand for the "greenback." This has propelled the USD Index to reach 106.27 points, leading to a strong increase in the value of the US dollar. Meanwhile, crude oil prices have dropped to $83.25 per barrel. Moreover, the...
Hello dear friends! Today, the Euro (EUR) seems weak against the US Dollar (USD) on Friday, causing the EUR/USD to trade within a narrow range around the 1.0500 level at the opening of the European trading session. The greenback managed to maintain trading at higher levels within the weekly range, near 106.70 as measured by the USD Index (DXY). The slight...
Hello dear friends! GBPUSD is rebounding in today's trading session after dropping to the support level at 1.205. At the time of writing, this currency pair is trading at 1.213 and has increased by 0.08% for the day. However, the long-term bearish trend on GBPUSD still weighs heavily, with market sentiment towards the Fed interest rates and the strength of the...
Dear valued readers, Ever since the Escape from the Price Channel caused a significant decline in product performance, the price increase has still been well supported. Although it has not yet surpassed the resistance level of 150.00, there are no signs of a reversal in the trend of this currency pair, thus reaffirming the investor's buying position. At the time...
Dear valued readers, GBP/USD has been steadily declining since it broke away from the 1.228 peak. As of writing, GU is trading at 1.2171. The upward trend is strong, with stable trading activity on the 1-hour timeframe. The next resistance levels can be seen at 1.2250, 1.2300, and 1.2340. Therefore, the speech by the Fed Chairman is highly anticipated, and we...
Dear friends, currently EURUSD is challenging the 1.0600 resistance level. The recovery of this currency pair is supported by the temporary halt in the overnight recovery of the US dollar. The next focus for Euro traders is the IFO survey in Germany. From the technical analysis chart: a well-established uptrend line indicates the possibility of price increase....
Dear friends, Gold has maintained its good upward momentum from yesterday's trading session, although the price has slightly decreased and is currently trading around $1970 - $1972. Selling pressure has increased after gold experienced a strong rally, with investors taking profits as the US dollar shows signs of a strong rebound. The situation remains...
Hello dear friends! What do you think, will GBP/USD rise or fall in price? GBP/USD has been steadily declining since it left the peak of 1.228. If this pair fails to regain that level, then the target for further decline could be 1.214 before reaching 1.210. In the case that GBP/USD stabilizes above 1.2250, 1.2300 and 1.2340 could be considered as the next...