Dear beloved friends, Currently, gold is showing a strong recovery trend as its price surged approximately 38 USD in a single day. It is expected that the price of gold will continue to rise up to 1920 USD, reaching the upper limit of the price channel from its high level of 2050 USD. This area also coincides with the operation zone of the EMA 89 line. What are...
Hello dear friends! Today, XAUUSD is trading at the level of 1917 USD and there haven't been many changes compared to the previous trading session. From now until the end of the week, the gold market is quite calm, as there is little macroeconomic data from the US being released. Currently, we need to wait for information from the Chairman of the Federal Reserve,...
Hello traders! GBP/USD closed the last two trading days of the previous week in negative territory. Although this currency pair attempted a modest recovery at the start of Monday, it failed to gain momentum. At the time of writing, GBP/USD continues to maintain a downward trend, with prices fluctuating around 1.217 and declining by 0.37% for the day. If...
Currently, most of the key economic indicators in the United States have exceeded expectations in October, highlighting the ongoing strength of the US economy and supporting demand for the EU. The dollar has been trading more firmly, although there is a risk that it may start to weaken "due to potentially less positive economic surprises from the US in the near...
Hello dear friends, Currently, the DXY power index is trading at 106.313, continuing its downward trend and losing 0.34% for the day. My goal after the slight price decrease of DXY towards the support level of 106.181 (which coincides with EMA 34 and 89) will be a price increase with a target of 107.168, followed by a breakthrough and reaching the end of the...
Hello dear traders, today the GBPUSD pair continues its downward trend, currently consolidating its gains at 1.2198 and showing no signs of stopping. My short-term target is at 1.2305. In the long run, this currency pair may continue its downward trend with a rejection at the previous resistance level. It is possible that GU will aim for the nearest low at...
Hello traders! The USD/JPY pair is holding steady at 149.60 during the first trading hour in Europe on Tuesday. The demand for the US Dollar (USD) and the recovery of US Treasury bond yields have provided some support for this currency pair. Currently, market focus is on the Industrial Production and the speech by the Federal Reserve (Fed) of the United States...
Hello dear traders! Upon observing the D1 chart, we can see that a downtrend channel is currently in operation, and gold is still showing positive development this week with a high price of $1883. However, it has not yet broken out of the extended downtrend. With an expected increase reaching 1912, it will be rejected on the downtrend channel and subsequently...
Hello dear friends! As predicted yesterday, USDJPY continues to rise with trading around 149.76. Currently, this currency pair is consolidating near the high level of 150.00 after receiving strong support from breaking out of the sideways channel at 149.42. Surpassing the 150.00 level will further drive the upward momentum of USDJPY. If you find this article...
JPY has a reversal to Strong side in Asian morning today, so most of JPY pairs will drop as well. From our screener, CHFJPY has the best momentum to downside and here is the trading plan as shown in the chart for intraday strategy. Moreover, Both MA in our Trend indicator shows Pink colors, it is in downtrend right now. Normal, if the price touch the thinner MA,...
Hello Traders! Last week, we witnessed a fantastic performance by gold as it surged to a remarkable high of $1932 and broke out of its downward channel. Today, at the start of the precious metals trading session, there is a slight dip as prices test the breakout level, currently trading around $1919 - $1920. However, the current environment and global situation...
Hello traders, Last week, gold witnessed its best weekly gain since March as the demand for safe-haven assets continues to rise amid the ongoing Israel-Hamas military conflict. In the current politically unstable environment, investors are flocking to gold. Additionally, the US tightening its sanctions on Russia's crude oil exports on Friday led to an increase in...
Hello dear friends! Last week, EURUSD experienced a significant short-term recovery, but quickly returned to its previous downward trend, currently trading at a low level not seen in months at 1.0521. From the analysis chart, it can be observed that the prolonged downtrend channel has not been broken yet. Although there is some short-term recovery, it is still...
Hello dear friends. Today, BTCUSD continues to decline as predicted. After breaking the uptrend at 27.549, BTC on the 4H timeframe is consolidating at 26.834 at the time of writing. Therefore, there is a possibility of recovery in the near future. However, the downward momentum is still dominant in the coming time, so BTC will quickly decrease to the support...
Hello dear friends! Currently, Eurusd has broken out of its upward trend and is showing signs of a slight correction in the near future. It is currently trading at 1.0546 with a potential adjustment level of 1.0558. This downward trend is expected to continue, with a projected decrease to 1.0460. If you find this article helpful and informative, don't forget to...
GBPUSD continues to maintain its upward momentum, trading around 1.2294 with an expected increase to 1.2400. The reasons for this upward trend may be attributed to the decrease in US bond yields and positive risk sentiment, weakening the USD and supporting GBP. Sustaining this upward movement will likely push the currency pair towards a strong resistance level at...
Hello dear friends! GBPUSD has ended its upward trend after breaking out of the ascending channel at 1.2250. Currently, the price is trading at 1.2203 as of the time of writing, with a slight adjustment within the descending channel. On Thursday, data showed that the US Producer Price Index (PPI) increased in September compared to the same period last year,...
Hello dear traders! Gold today increased as predicted to nearly $1880. Gold is trading steadily due to the decrease in US Treasury yields caused by the latest FED meeting minutes. The 1-hour chart shows that after breaking out of the sideways movement last week, Gold made a significant jump to reach $1876 and continues its upward trend, currently trading at...