Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 105.823. 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...
Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...
Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...
During the bustling trading session in Europe on Wednesday, the GBP/USD pair maintained its position below the 1.2450 mark. The broad depreciation of the US dollar, coupled with a risk-on sentiment in the market, has lent support to this currency pair. In the short term, the upward trajectory continues to gain momentum as the pair breaks out of its previous...
The price of gold gained some positive momentum on Friday, reaching $2,350 during the early part of the European trading session after sustaining its upward trajectory for several days. The US Dollar (USD) was further weakened by the US GDP data released the previous day. However, the significance of any upward movement in price for the precious metal remains...
EUR/USD slightly increased on Thursday and is expected to remain stable in the Asian trading session on Friday, around the level of 1.0730. Looking at the one-hour chart, we can see signs of slight decrease in price. However, this is only a short-term prospect. There is a possibility that the price will retrace to the 0.5-0.618 Fibonacci level before returning...
The price of gold is currently undergoing a phase of recovery consolidation after breaking free from its daily lows, trading at $2,330 compared to the low of $2,305. This stability is reinforced by the higher interest rates of the US Treasury and the resurgence of inflation, leading to speculation that the Fed may cut interest rates in the near future. Looking at...
The EUR/USD pair edged lower in the Asian trading session on Friday, moving away from its two-week high around the 1.0740 level touched the previous day. Currently, the spot price is hovering around 1.0740 in the European session and remains dependent on the price fluctuations of the US Dollar (USD) ahead of key data releases from the United States. Based on...
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 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...
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!
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...