The EUR/USD pair continues to hover around the key psychological level of 1.0700 in the early Asian trading session. Its modest increase remains steady, thanks to the softening of the US dollar (USD). Meanwhile, investors continue to adjust their strategies, anticipating the potential interest rate cuts from the Federal Reserve (Fed). On the 4-hour chart, the...
EUR/USD maintains an upward channel oscillating around the 1.0700 level. The weakening strength of the USD is gradually paving the way for a gentle rise in this currency pair. From a technical standpoint, we observe that EUR/USD continues to hold above the simple moving averages (SMA), while the relative strength index (RSI) remains around the 60 mark, indicating...
Gold remains stable amidst a downward trend, given the backdrop of rising US yields. Reduced tensions in the Middle East contribute to market stability, albeit dampening the demand for gold. Looking at the one-hour chart, it's evident that gold's potential for price appreciation is still constrained. The Relative Strength Index (RSI) has solidified around the 40...
Gold remains stable amidst the downward trend, with US yields on the rise. Reduced tensions in the Middle East contribute to market stability, dampening the demand for gold. Looking at the 4-hour chart, technical indicators suggest limited potential for price increases. Gold is trading below the simple moving averages (SMA) 20 and 100. Meanwhile, the Relative...
In Wednesday's European trading session, EUR/USD hovered around the 1.0700 level. Positive sentiment from Germany's optimistic IFO data helped the Euro maintain its stronghold in the market. Looking at it from a technical perspective on the 1-hour chart, there are indications of a downward movement in price. However, the upward trend remains robust. It's possible...
Hello everyone, let's look at the 4H LINK to USDT chart as we can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $15.22 - $16.25 T2 = $17.33 T3 = $18.81 AND T4 = $20.72 Now let's move on to the stop-loss in case of further market declines: SL1 = $14.46 SL2 = $13.45 AND SL3 =...
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price remains in a downtrend channel, in the middle of the range. As we can see, from the drop to the level of around $60,000, the price rebounded to the level of 0.618FIB, at which we can see the current recovery, and the previously mentioned level of $66,987...
USD/JPY is currently at its highest level in decades, at 155.00. This has traders concerned about the risks of Japan's intervention in the forex market. The strong recovery of the US dollar (USD) is also driving the USD/JPY higher. From a technical perspective, the market is stable but showing signs of correction. Prices are expected to retreat to the 0.5-0.618...
USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
USD/JPY is witnessing multi-decade high prices, closing at 155.00. Traders are becoming cautious amidst increasing risks due to Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the rise of USD/JPY. From a technical perspective, this currency pair is trading above the Simple Moving Averages (SMA), indicating stability in the upward...
The price of gold is hovering around the $2,300 mark. The reduction in geopolitical tensions, coupled with an increase in USD purchases, has influenced the volatility of gold prices. From a technical perspective, although there are signs of adjustment in gold prices, the Simple Moving Average (SMA) 20 is pointing downwards, indicating a potential slight increase...
Gold continues to decline despite the decrease in US Treasury bond yields and a weaker US dollar. XAUUSD faces challenges in capitalizing on the weaker-than-expected global PMI announced by S&P, fueling speculation about the Fed's potential interest rate cuts. From a technical standpoint, it seems that gold will persist in its downward trend. On the 4-hour chart,...
The price of gold experienced a modest decline towards the end of Tuesday's trading session in the U.S. after reaching a high of 2,334 USD. During the Asian trading session the following day, XAUUSD continued to drop to 2,323 USD, marking a decrease of 0.11%. Despite the weakening of the U.S. dollar following the release of weaker-than-expected U.S. PMI data, gold...
The EUR/USD market is stabilizing around the 1.0700 level after a positive day on Tuesday. However, PMI data from the US dampened the value of the US dollar that day, pushing up the EUR/USD price. At the beginning of Wednesday, the market showed more caution and supported the USD, posing challenges to the rise of EUR/USD. However, despite the market's caution,...
In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
Gold is facing difficulties in capitalizing on the previous day's gains and is oscillating within a narrow range as it enters the European trading session on Wednesday. Global risk sentiment continues to be supported by reduced concerns over escalating geopolitical tensions in the Middle East. This is attributed to the decline in the US dollar (USD) price, coupled...
In the Tuesday trading session in the U.S., Gold slipped as it dropped to the crucial support level of 2,300 USD, but quickly found stability thereafter. The recovery of gold prices coincided with the weakening of the U.S. dollar after the PMI data for the United States was announced weaker than expected. From a technical standpoint, looking at the chart, gold is...
EUR/USD has experienced a significant momentum shift, surging above the 1.0650 level at the start of the European trading session. The short-term technical outlook for this currency pair indicates a gathering momentum for recovery. On the 4-hour chart, we observe the price closing above both the 20-period and 50-period Simple Moving Averages (SMAs), along with...