Hello dear friends! The price of gold is consolidating its strong upward trend, reaching a new monthly high of $1,940 at the start of Wednesday. Increasing political tensions between Israel and Hamas, along with positive economic data from China, have boosted the demand for the precious metal. The next resistance level can be seen at the highest point on...
Hello dear friends! Currently, USDCAD is trading around the price level of 1.363, showing consolidation. From the technical analysis chart, it can be observed that the price range is gradually narrowing and is close to the area of EMA 34. There is a high possibility of an upward price movement if USDCAD breaks out of the current trend and continues to increase...
Hello dear friends, So today we are once again witnessing the shining performance of gold as the precious metal continues its upward journey of development. At the time of writing, gold is trading at $1948, with a total increase of $25 in the day and +1.33%. From the analysis chart, it can be seen that gold is rising in price and has now reached the upper limit...
Hello traders, in yesterday's trading session, after a slight increase in price towards the activity zone of the GBPUSD EMA, it quickly returned to a downward direction. The price action seems to lack enough strength to sustain the upward movement, indicating a possible reversal for this currency pair. Currently, the price is trading around the 1.217 level with a...
The USD/JPY pair is still limited to a narrow range of about 149.75 during the first trading hours in Asia on Wednesday. The yield of US Treasury bonds has strengthened the main pair of money. At a level of 150.00, investors still prevent the possibility that the Japanese government intervenes. However, the greener has attracted some buyers thanks to the...
Hello dear friends. BTC is currently emerging as a new trend as investors are pouring their capital into BTC as a safe haven while the market becomes unstable. Currently, BTC is trading at $27,242. It can be seen that the cryptocurrency is continuing to recover after a decline and encountering the trendline. Regarding prospects: the price in the week will be...
Hello dear friends! Currently, EURUSD has started to retreat from its uptrend breakout and is now heading towards a prolonged downward journey. The price is currently trading steadily at 1.0551, with a slight increase, testing the area of operation of EMA 34 and 89. However, there doesn't seem to be any signs of recovery as there hasn't been any reversal from the...
Hello dear friends, Currently, the EUR/USD is holding at a higher level but still below the 1.0600 mark in Asian trading on Wednesday. The flow of risk is dominating and weighing on the US Dollar, especially in light of optimistic data from China. The speeches by Lagarde and EU/US data are being closely watched. On the 1-hour chart, the price is well supported...
Hello dear friends. Today, GBPUSD continues its downward trend with prices trading around the 1.220 level and there are no signs of a halt yet. From the technical analysis chart: It can be seen that after forming the ABCD pattern, with wave D ending at a high of 1.315, GU started a prolonged SELL movement for several months, despite some upward movements, it was...
Hello everyone! USDJPY is trading quietly as it fails to break through the strong resistance level at 149.85, as the Bank of Japan (BoJ) is expected to release inflation forecasts for fiscal years 2023 and 2024 earlier than anticipated. In terms of technical analysis: - In the short term, I believe that the USD/JPY pair will fluctuate within a sideways range...
Greetings, dear friends! Today, the USDJPY has continued its upward trend as expected. Upon examining the 1-hour chart closely, it becomes evident that the pair has yet to surpass the nearest resistance zone located at 149.43. At present, the pair is trading within a range around 149.12. The formation of a sustained uptrend has provided support for the pair, while...
Hello everyone, today the gold market is quite calm as there is little macroeconomic data from the United States being released. The market is waiting for information from the Chairman of the Federal Reserve, Jerome Powell, on October 19th when he speaks at the New York Economic Club. Due to this reason, gold sellers continue to push prices down, and gold is...
Hello dear friends! EURUSD today has undergone a significant short-term recovery and is currently trading calmly at 1.0550 since the time of writing. The tensions in the Middle East and higher-than-expected inflation figures in the United States have boosted the demand for the safe-haven US Dollar. From the analysis chart, we can observe that a downward trend...
Hello dear friends, the EURUSD pair today continues to rise as predicted. It is currently trading at 1.0549. However, market participants are awaiting the ZEW Economic Sentiment Survey in October, which is expected to improve from -8.9 to -8.0. The major currency pair is currently trading around 1.0559, down 0.02% for the day. This could be seen as a sign of...
Hello dear friends! Let's explore and share our opinions here. Gold has made a significant recovery above the $1857 mark. The precious metal continues its journey to conquer $1880. Due to concerns arising from the Israel-Hamas conflict, investors have been prompted to buy more. Wednesday and Thursday will bring us market news. As a result, the short-term surge...
Hello dear friends! Today, Gold continues its downward trend, currently trading at $1913. The main reason for this is the technical selling pressure following the previous 3% surge, driven by safe-haven demand. In addition to the developments in the Middle East, investors are also paying attention to the US monetary policy stance, with Federal Reserve Chairman...
Hello dear friends, BTC continues to rise as predicted yesterday. Looking at the technical picture on the 4-hour time frame, BTC has reached the target of $30,000. However, it quickly retreated and is currently trading at $28,299. In the short term, BTC may experience a slight decline before the long-term upward momentum towards $30,000 occurs.
Hello comrades, Today gold continues to trade around the 1913 USD mark with not much change compared to yesterday. From the 1D chart analysis, it can be seen that gold, after a strong price increase last Friday, is showing signs of price retesting after breaking out of the downward trend at 1910 USD. Currently, the immediate target for gold is gradually...