Hello everyone! Today, gold prices are trading near $2400, reversing from a five-day high of $2418 achieved earlier in the Asian session. Despite a slight pullback, gold remains on track for its fifth consecutive week of gains. XAU/USD has regained momentum, approaching the $2400 mark and indicating some short-term consolidation. Technical indicators have...
Today, gold prices continued to rise sharply on the last trading day of the week, increasing by nearly $35 to reach a peak of $2418 before settling around $2410 at the time of writing. The momentum behind gold's rise remains intact after it rebounded from the 34-day EMA line, with technical factors still supporting the price. Many believe that gold is being...
Hello dear friends, during the early hours of the last trading session on Friday, gold prices surged by $35, once again surpassing the $2400 resistance level. However, this upward trend could not be sustained, and prices quickly retreated to stabilize around the $2390 mark at the time of this writing. This marks the second rapid ascent and subsequent decline for...
NZDUSD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long NZDUSD Entry - 0.5896 Sl - 0.5858 Tp - 0.5970 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
GBPNZD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GBPNZD Entry Level - 2.1129 Sl - 2.1186 Tp - 2.1015 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️
USD/JPY has stabilized around the 154.50 mark, recovering some of its losses from Friday. A report from Reuters revealed that an Iranian official stated there are currently no plans for immediate retaliation against Israeli airstrikes, easing geopolitical tensions. The US dollar gained momentum following hawkish remarks from Federal Reserve officials on Thursday,...
USD/JPY rebounded to 154.50 in Thursday's Asian trading session, after touching down to 154.00 due to the recent dip in the U.S. Dollar and concerns about potential foreign exchange intervention by Japan. A revival in risk appetite is currently bolstering the recovery of this currency pair.
The GBP/USD pair traded slightly lower around 1.2450 during early trading hours in Asia on Thursday. Lighter inflation data from the UK has fueled expectations that the Bank of England (BoE) may begin to lower interest rates in the coming months, placing downward pressure on the British Pound (GBP) against the US Dollar (USD) and reinforcing the continuation of...
USDJPY today is recovering on the 1 hour chart, the price slowly slowed down the price increase and formed a reverse hand -held cup model. The price is currently in the range of 154.40 and is expected to decrease more after the model is completed!
GBP/USD is grinding higher on Thursday, trading around 1.246, still locked in a downtrend with the EMA 34 reversal yet to conclude. On the USD front, optimistic February retail sales earlier this week showcased a robust U.S. economy. This report sparked speculation that the Federal Reserve (Fed) might delay its easing cycle this year. Fed Chair Powell stated he...
The EUR/USD pair climbed to a higher level, reaching 1.0672 on Thursday during the early Asian trading session. This uplift was reinforced by fresh selling pressure on the US Dollar and a risk-friendly market atmosphere. Investors are poised to monitor several key economic releases later in the day, including the weekly Initial Jobless Claims, the Philly Fed...
Gold prices are making a modest recovery during the Asian trading session after finding renewed demand near the $2,380 level. The metal is capitalizing on a softer risk environment and the sustained dip in U.S. Treasury yields, despite recent hawkish comments from the Fed. Currently trading near $2,380, the daily chart suggests that the downward trend might...
Hello dear friends, after a brief dip last evening, gold is back on its quest for new highs. So far in today's trading session, gold is making another push to surpass the $2,400 barrier, buoyed by a fresh decline in the U.S. Dollar and persistently low U.S. Treasury yields which favor the non-yielding metal. As such, gold may continue to find demand as a safe...
GOLD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short GOLD Entry - 2382.5 Sl - 2408.1 Tp - 2331.9 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
GBPCHF - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy GBPCHF Entry - 1.1336 Stop - 1.1309 Take - 1.1389 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️