EUR/USD soared to its highest since early January, breaching 1.0980 on Friday, but reversed gains in the US session to close slightly lower. The pair ended the week nearly 1% up, settling just below 1.0950 as the new week kicks off. A dip in the US 10-year Treasury yield to 4% following the February jobs report has kept the USD on a weaker footing against its...
BUY ABOVE - 22430 SL - 22380 TARGETS - 22470,22520,22580 SELL BELOW - 22350 SL - 22380 TARGETS - 22310,22270,22230 NO TRADE ZONE - 22310 to 22380 Previous Day High - 22520 Previous Day Low - 22310 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 47400 SL - 47230 TARGETS - 47500,47650,47750 SELL BELOW - 47230 SL - 47400 TARGETS - 47080,46900,46750 NO TRADE ZONE - 47230 to 47400 Previous Day High - 47880 Previous Day Low - 47230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
The price of gold (XAU/USD) saw an increase to approximately $2180 after hitting a record high at the start of the new week, buoyed by a weaker US Dollar (USD) and declining US Treasury yields, which provided some support for gold prices. Additionally, growing expectations for the Federal Reserve's (Fed) first interest rate cut in its June meeting have also...
Hello, dear friends, what are your thoughts on USDJPY? In a sharp contrast to its counterparts like EURUSD and GBPUSD, USDJPY has been bearing the brunt of severe downward pressure, with its value diminishing further on Thursday. Currently, this currency pair is hovering around the 148.50 mark, shedding 0.56% over the day. This pair finds itself in troubled...
BUY ABOVE - 47980 SL - 47880 TARGETS - 48070,48160,48310 SELL BELOW - 47750 SL - 47880 TARGETS - 47650,47500,47360 NO TRADE ZONE - 47750 to 47980 Previous Day High - 48070 Previous Day Low - 47750 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 22520 SL - 22500 TARGETS - 22580,22650,22700 SELL BELOW - 22470 SL - 22500 TARGETS - 22430,22380,22350 NO TRADE ZONE - 22470 to 22520 Previous Day High - 22520 Previous Day Low - 22430 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Let's dive into this week's enthralling gold market update! Since February 28, the gold market has been on a thrilling ride, soaring to new heights only to gently return to around $2,160 per ounce in Friday's Asian trading session. Market expectations that the Fed might cut interest rates in June have injected fresh momentum into gold prices. And none other than...
If you haven`t sold EH before the previous earnings: Then analyzing the options chain and the chart patterns of EH EHang Holdings Limited prior to the earnings report this week, I would consider purchasing the 12usd strike price Puts with an expiration date of 2024-7-19, for a premium of approximately $2.60. If these options prove to be profitable prior to the...
If you haven`t bought MANU before hitting the previous price target: Then analyzing the options chain and the chart patterns of MANU Manchester United prior to the earnings report this week, I would consider purchasing the 14usd strike price Puts with an expiration date of 2024-6-21, for a premium of approximately $1.03. If these options prove to be profitable...
Hello, dear friends! Today, EURUSD maintains a positive trajectory within the ascending price channel. The uptrend finds support as the USD softens, influenced by the dovish tone set by Fed Chair Jerome Powell. Nevertheless, I'm anticipating selling EURUSD as it approaches the upper boundary of the rising channel. An expected retracement may test the supports...
Work religiously irrespective of temporary failures, have risk management systems in place As a seasoned derivatives trader with over a decade of experience, I find myself continuously drawn to the dynamic nature of the market. Inspired by familial ties and fueled by a passion for challenge, my journey into this realm began with humble internships and has...
... for a 19.90 debit. Comments: Looking to establish a position in FXI over time on weakness via monied covered calls to emulate selling a 25 delta short put, but with built-in downside defense via the short call and to take advantage of call side IV skew. The underlying also has a dividend that pays out in June and December, but with somewhat variable...
Gold in the XAU/USD pair has ascended for a seventh straight day, though it has shed some momentum. Overbought conditions are making it challenging for the pair to extend gains further, hinting at a potential price correction or a consolidation phase ahead. Technically, the daily chart displays oscillators hovering at extreme levels, indicating a likelihood of an...
Hello everyone, today the GBP/USD exchange rate saw a 0.31% increase during the North American trading session, reaching 1.2746 after climbing from the daily low of 1.2690. The UK's Spring Budget announcement and testimony from Federal Reserve Chairman Jerome Powell have bolstered this currency pair's rise, positioning it to potentially retest the 1.2800 mark once again.
Hey lovely people! Today, EUR/USD is flirting with its highest bid price since the end of January, swiftly breaking past the 1.0900 mark to touch 1.0915 before settling down a bit, yet it continues to climb from Wednesday. This pair is riding a wave of adjustment, but closing successfully above the 1.089 resistance and gaining momentum from the 1.085 support zone...
Gold prices (XAU/USD) have capitalized on recent momentum, touching a new record high around $2,152 on Wednesday. This surge came amid expectations of an imminent policy shift by the Federal Reserve. Fed Chair Jerome Powell's comments bolstered these expectations, indicating a potential cut in benchmark interest rates by year's end. However, Minneapolis Fed...
Hello dear friends ! Today the USDJPY pair still retains a deep trading surrounding 150.32 and maintains the sideway trend. It is expected that today's price will not have any significant breakthroughs because there will be no information in this published today. Resistance level: 150.64, 150,800 Support level: 149.95, 149,700