Greetings everyone, today GBP/USD continues to exhibit robustness, steadfastly trading around the 1,2650 mark under the fresh glow of Tuesday's Asian market session. This currency pair is surfacing as a phenomenon on the eve of important consumer price data set to be released on Wednesday. Amidst the relentless market turbulence, the US Dollar is struggling to...
Traders, In today's trading session, our attention is directed towards NZDCAD, where we're eyeing a potential selling opportunity around the 0.82700 zone. As NZDCAD charts a downtrend, it's currently amidst a correction phase, edging closer to the crucial support and resistance area at 0.82700. Adding depth to our analysis, it's essential to consider the...
Hey lovely folks! Last week, in its final days, EURUSD experienced a fleeting rally before it commenced a correction phase that persists till now, reaching the 0.5 - 0.618 Fibonacci retracement levels. Currently priced at 1.082, if EURUSD maintains its ground above this critical Fib level, a rebound seems not just possible but probable. The next aim would be to...
The price of gold continued to soar to record highs at the beginning of the week in the Asian region. Subsequently, it underwent a correction to $2,303 before resuming its upward trajectory. In the Asian trading session on Tuesday, the price of gold maintained its upward momentum near $2,350. The increase in the price of gold is supported by the Federal Reserve's...
Gold prices experienced a breathtaking surge of $30, hitting a new all-time high of $2,354 as the Chinese market opened. This spike comes as traders warmly embraced the People's Bank of China (PBOC)'s decision to ramp up gold purchases. Despite this, the Relative Strength Index (RSI) conditions are signaling gold buyers to tread cautiously, hinting at an...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61 support and resistance area. Trade safe, Joe.
Hello,Friends! Previous week’s green candle means that for us the EUR/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.082. ✅LIKE AND COMMENT MY IDEAS✅
If you haven`t bought the dip on C Citigroup: Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week, I would consider purchasing the 62.50usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $2.59. If these options prove to be profitable prior to the earnings release,...
Hello,Friends! EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.468 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 166.508. ✅LIKE AND COMMENT MY IDEAS✅
After surpassing the 2.300 threshold, the price of gold experienced a slight decline, but during the Friday trading session in the United States, the market witnessed a brief downturn. Subsequently, gold prices rebounded and continued to surge strongly, surpassing the 2.330 mark to establish a new peak. Despite positive indications of growth in the US Dollar...
The price of gold experienced a slight decrease after reaching the $2,300 mark. However, during the Friday trading session in the US, there was a brief downturn in prices. Nevertheless, it quickly rebounded, continuing its upward trajectory and reaching a new peak at $2,330. Despite signs of market support for the strengthening of the US dollar, XAUUSD continues...
Gold prices are showing signs of reversal after hitting an all-time high above the $2,350 barrier during European trading on Monday. The decrease in bets on a Fed interest rate cut in June and reduced geopolitical tensions have limited gold's upward momentum, despite increased central bank gold purchases. Looking at the H4 chart,, if gold undergoes a correction...
The price of gold has recorded a significant surge, reaching an all-time high of 2,354, immediately after the opening of the Chinese market. This growth has been fueled by the positive sentiment among traders, especially after the People's Bank of China (PBOC) announced an increase in gold purchases. When looking at the H4 chart, we notice that the RSI indicator...
The price of gold has surged to an all-time high, reaching $2,354 as the Chinese market opened for trading. Traders responded positively, surprised by the strong buying activity from the People's Bank of China (PBOC) entering the gold market. However, this calls for caution, suggesting a need to wait for some consolidation in the short term or a modest pullback...
Gold prices experienced a slight decline amidst the backdrop of a strengthening USD. The US Dollar Index, which gauges the volatility of the green currency against six major currencies, marked an increase of 0.21% to 104.105 points. This dip in gold's value comes as Federal Reserve officials continue their deliberations on the timing for interest rate cuts – a...
In anticipation of tomorrow's trading session, our attention is fixed on AUDCAD, with a potential selling opportunity materializing around the 0.90300 zone. Currently entrenched in a downtrend, AUDCAD finds itself amidst a corrective phase, edging closer to the pivotal 0.90300 support and resistance area. It's essential to trade prudently, particularly as broader...
As we prepare for tomorrow's trading session, our attention is directed towards US30, with a potential selling opportunity emerging around the 39100 zone. Currently, US30 is tracing a downtrend but undergoing a correction phase, drawing near the critical support and resistance area at 39100. Augmenting our analysis with a fundamental perspective, the last...