Hello dear friends, today the EURUSD continues its decline, following the trend of recent days, with the trading price hovering around 1.062 and losing 0.15% so far today as of this writing. The downtrend persists as hawkish comments from Federal Reserve officials provide some support for the US Dollar, acting as a barrier to any recovery in the EURUSD. According...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59200 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.59200 support and resistance zone. Trade safe, Joe.
Hello there, Brian here with a glint of today's gold market dynamics! Gold (XAU/USD) found itself under a relentless sell-off siege for the second day running on Tuesday, edging toward its bi-weekly nadir around the $2,300 landmark as the European trading session dawned. Despite a nocturnal offensive on U.S. forces in the Middle East, investors clung to optimism,...
EUR/USD continues to face downward pressure as it drops below the 1.0650 level during the European trading session on Monday. The renewed strength of the US Dollar does not allow this currency pair to gain traction, especially as focus shifts to the speech by ECB President Lagarde. Chart analysis indicates that EUR/USD is continuing to approach support levels and...
Hello everyone, Brian here. Today, EURUSD continues to wander without a clear direction, maintaining a sideway pattern around the 1.0655 level as the pair awaits fresh news to carve out a new path. In the meantime, it's expected that EURUSD will persist with its sideways motion in the short term, with the Bollinger Bands indicator suggesting a range between 1.062...
Greetings, Brian here with today's golden update! In a dazzling twist, gold has seen its luster diminish, shedding nearly $20 in just the opening hours of the Asian trading session, currently orbiting the $2308 mark. As the drama in the Middle East simmers down, investors are rushing to capitalize on their gains, leading to a flurry of gold being released back...
Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2340.10. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
GBPUSD Recovery Efforts in Play Amid Volatile Conditions Following a notable decline yesterday, GBPUSD is showing signs of recovery as it approaches the 1.242 region. However, it's still premature to declare a definitive return to a bullish trend, as the long-term outlook remains under bearish control. Current technical analyses suggest a continuation of...
Global gold prices have surged amidst prolonged tensions in the Middle East, despite strong economic data from the U.S. The precious metal's price rose sharply as Israel indicated its readiness to retaliate against attacks from Iran, ignoring calls for restraint from Western nations. In this context of unrelenting geopolitical tension, global gold prices may...
Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 26.827. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 24.820 level. P.S Overbought...
BTCUSD continues to show weakness on the sixth day! The price briefly recovered to $63,900 but remains trapped under a bearish trend after breaking through two key support levels. The outlook remains bleak as the 1D chart for BTCUSD shows convergence with resistance. Should the $61,000 support level be approached and breached again, BTCUSD could rapidly drop to...
USD/JPY stabilizes around the 154.50 mark after recouping some of its daily losses on Friday. According to Reuters, a senior Iranian official stated there are no immediate plans for retaliation following Israeli airstrikes. This development coupled with hawkish comments from Federal Reserve officials on Thursday gave the US dollar a boost. The Reuters report...
EUR/USD continues to trade within a constrained range, as if locked in a box. The pair slightly declined by 0.15% on Monday, after a brief increase during the European trading session, as the Israel-Iran conflict did not escalate further. I predict that EUR/USD may continue to decline due to differing outlooks on future interest rate paths. Interest rates in the...
✅GBP_CAD went down just As I predicted but is now Going up and will soon Hit a horizontal resistance Level of 1.705 from where I will be expecting a Local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Today, XRPUSDT is poised for a subdued trading session as the Bollinger Bands tighten, signaling the anticipation of a new directional move. Currently, there's a mild recovery underway, yet it remains capped within a longer-term downtrend. I maintain my stance on this cryptocurrency, expecting a continuation of the downward trend once this period of sideways...
Hello savvy and affluent traders, what are your thoughts on XRPUSDT today? Today, XRPUSDT has experienced a slight decrease in price, with trading levels appearing largely unchanged from this time yesterday as accumulation continues. Despite this, the downtrend still dominates as a breakout has occurred, and there are no solid signs yet that the bulls might...
Please, check our technical outlook for AUDUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.645. The above observations make me that the market will inevitably achieve 0.642 level. P.S Please, note that an oversold/overbought condition can...
Hello SOLUSDT traders, let's discuss SOLUSDT! Currently, SOLUSDT has paused its sharp decline as the price has approached and received support at the level of 124.48. The price is now consolidating, and the future direction is still unclear, with two potential movement scenarios indicated on the chart. Which scenario do you think will occur? Personally, I am...