EURUSD continues to maintain an upward trend on the final day of this trading week. Currently, this currency pair is moving smoothly within an upward channel on the 1-hour chart, approximately at 1.072. This uptrend has been fueled by the recent weakening of the US Dollar (USD), which has positively impacted the EUR/USD exchange rate. As long as the upward...
EUR/USD traded tightly above 1.0700 at the beginning of the European trading session on Friday. The US dollar struggled to gather strength ahead of crucial Personal Consumption Expenditures (PCE) Index data, the Federal Reserve's preferred measure of inflation, helping the currency pair maintain its stance. The 4-hour chart indicates that the upward trend remains...
Hey everyone! Curious about the latest trends in BTCUSD? BTCUSD has wrapped up its recovery streak and has started a smooth correction. Early in today's session, the coin approached the $64,200 mark and is still trending below the EMA 34 and 89, indicating that the sellers are maintaining the upper hand. Looking ahead, BTCUSD might undergo a deeper correction on...
Hey folks, This Thursday in the Asian trading session, the EUR/USD was flirting around the psychological mark of 1.0700. The pair saw a modest rise, thanks in part to a softer U.S. Dollar (USD). Later in the day, we're expecting some key releases: Germany's GfK Consumer Confidence Survey for April and preliminary GDP growth figures from the U.S. Given these...
Looking at current price , RIO has climbing to the top of the range. Going back and looking at price, it seems to like to reject when it is Overbought and fly when its Oversold. - Buy @ $116 - Target for 8% with the possibility of a Sell off again
After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery. Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of...
Hello warriors! Today, BTCUSDT is showing signs of a slight decrease. On the 1H short-term chart, it has broken below the $64,500 support and the EMA 34 and 89, reversing the trend and creating favorable conditions for the bears. Therefore, our priority will be to sell, targeting profit-taking around the $62,000 - $61,800 range once the current accumulation phase...
Gold prices edged modestly higher in North American trading on Thursday, rising over 0.5% after crucial economic data from the United States (US) was released. Gold is trading above the $2,330 level after rebounding from the daily low of $2,305 during Friday's Asian trading session. However, on the 4-hour chart, the downtrend is still supported, albeit showing...
Hello,Traders! GBP-USD went up and Has reached a horizontal Resistance of 1.255 so I am locally bearish biased And I will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Today, XRPUSD continues to show weakness, with its price hovering around the $0.5200 mark, having lost 1.42% during the day. From an analysis of the 4-hour chart, the price appears to be forming a head and shoulders pattern. In this scenario, the support level at $0.5220 may be breached, and the price is expected to seek new momentum around the $0.4843...
Hello everyone, Today, in the Asian trading session, EUR/USD subtly hovered around the psychological level of 1.0700. This modest increase in the currency pair is supported by a softer U.S. Dollar. From a technical perspective, the pair is moving steadily within an ascending channel. The next target remains a buying strategy, aiming for the resistance level at...
Get ready for a thrilling short-term gold trading strategy! From the current charts: Gold is oscillating around the $2322 mark and remains firmly in a downtrend. The precious metal has established a solid resistance at around $2330, a level that has stoutly resisted three attempts to break higher, indicating that sellers are effectively controlling the gold...
Hello everyone, let's dive into the current dynamics of USDCAD! Right now, USDCAD is forming what looks like an inverted cup and handle pattern, as depicted in the chart. Keep an eye out for a potential sell entry around the 1.365 level if a breakout occurs as anticipated. If things go as planned, we might see this currency pair make a move towards the 1.356...
GBP/USD regained bullish momentum on Thursday, climbing above 1.2500 for the first time in nearly two weeks after closing positively for the second consecutive day on Wednesday. Short-term technical prospects for this currency pair indicate an upward trend. Looking at the price chart, it is adjusting towards an uptrend. Prices are expected to test the SMA 50 and...
We went for a short on OANDA:NAS100USD SOLD THE NEWS AT 17351.79 STOP LEVEL: 17376.77 ANTICIPATING TAKE PROFIT AT 16994.38 CHART AS OF POSTING: Enjoy the pips.
The price of gold surged to nearly $2,320 at the start of Thursday, indicating a slight recovery in the market after previous challenging periods. However, upon examining the 4-hour chart, it's evident that the potential for price increase remains limited. The Simple Moving Average SMA 20 is trending below the Simple Moving Average SMA 100, signaling unclear...
The GBP/USD slid below 1.2500, wiping out much of its daily gains, as the US Dollar staged a robust recovery following the release of the US Gross Domestic Product (GDP) report for Q1, which indicated a sharp increase in inflation. The preliminary GDP index surged by 3.1%, compared to the previous 1.7%. This has fueled expectations that the Federal Reserve will...
Hello everyone, Brian here. Today, gold has remained stable, hovering around the $2320 mark at the start of the Asian trading session, showing little fluctuation from yesterday. Looking at the outlook and trends: Today, we still see a downward trend in gold. In the short term, the strategy of selling continues to be emphasized as this metal forms a triple top...