The gold market continues to consolidate in a narrow range as investors swing back and forth on the timing of the Federal Reserve's interest rate cuts this year.
The USD/CAD pair records a modest loss below the 1.3500 threshold during the early Asian trading hours on Friday. Currently, USD/CAD is traded at 1.3490, with a 0.03% loss for the day. Initial claims for unemployment benefits in the United States amount to 187,000 for the week ending January 13, the lowest level since September 24, 2022. The figure is better than...
In the Forex market, there is a consistent upward movement of the US dollar, impacting overall risks and causing the GBP/USD pair to trim its initial gains, descending towards 1.2700. However, the GBP/USD remains above the lower limit of the ascending regression channel, and the Relative Strength Index (RSI) signals a bullish trend in the short term. Key levels...
The eurusd pair trade little change for a second eurusd will down soon so wait and see consecutive day changing hands at around 1.0880 ahead of united states us opening the peaked at 1.0906 while it net a bottom at 1.0876
If you' miss the buy signal, the best entry point could be on the Hero indicator support. With proper support, the price can break its upper resistance.
The West Texas Intermediate (WTI) price stands at around $72.70 per barrel during Thursday's Asian session, highlighting an upward trend supported by optimism generated by the Organization of the Petroleum Exporting Countries (OPEC). OPEC's monthly report anticipates robust growth in oil demand for 2024 and 2025, forecasting an increase of 2.25 million barrels per...
If you're looking to open a long position, point 1 could be the best entry area if enough support is there. For opening a short position, you can enter a sell if the price rejects from the Hero indicator.
The EUR/USD exchange rate remains around 1.0900, benefiting from demand in Thursday's Asian trading and the decline of the US dollar. The ECB, with a hawkish stance, opposes expectations of a rate cut, providing additional support. The pair may face downward challenges, with the key level of 1.0844 as the initial support, followed by 1.0723 and other previous...
In this post, you will see a week of receiving one-to-one rewards for all positions , which ended with a win-rate of 80%, and this is a strong strategy to get one reward, and in the second week, we will go to R/R-1.5 rewards and that too. We test with our strategy. Thank you for your support and support🙏✨❤️
If the price breaks the box downwards, it can come down to the lower control area. If trend continue to upward, the best entry point is after price touch with the Hero indicator.
Hello traders! Entry: 2021.00 Stop Loss: 2014.50 Take Profit: 2052.00 Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
To confirm entry into the short position, we gotta wait for the Hero indicator to throw us a signal. And if this price move is just a simple correction, we can jump into a long position when the marketWave line turns green.
- Trend Status Analysis by PresentTrading 'Use backtesting to evaluate and make objective trading decisions.' by PresentTrading #forex #USD #CNY #trading #backtesting
The price has hit the Hero indicator, and if we get proper support, we might see higher prices. Also, the Master Cycle indicator is in the oversold zone, which could be a sign of a turnaround.
Gold price has faced a sharp sell-off after failing to recapture the weekly high of $2,062. The precious metal has dropped to near $2,030 and is expected to remain on tenterhooks before getting fresh cues about the timing of rate cuts from the Fed. The yellow metal has surrendered entire gains generated on Monday and has corrected below the 20-day Exponential...
The WTI oil price has surpassed $73 as investors exercise caution amid escalating tensions in the Middle East. Concerns about potential new attacks by Iran-backed Houthi rebels on commercial shipments in the Red Sea, including U.S. vessels, are contributing to a perception of tightness in the oil supply. However, softer economic data from China in the third...
Hello traders! The pair Xau/Usd reached the level (2038.78). We have two scenarios. Scenario number 1: The price breaks (2036.00) and goes to the level (2022.00). Scenario number 2: The price will test (2036.00) and then reach the level (2050.50) where it will bring a confirmation for a decline to the level (2022.00). Be careful! Don`t forget to look at the...
Currently, the US dollar is gaining ground, benefiting from a weaker market sentiment. Oil prices are trading lower, exerting negative pressure on the Canadian dollar (CAD). Later today, we hope that Canada's business outlook and manufacturing sales can provide some support to the Canadian dollar. On this Monday, the Canadian dollar is showing a mixed performance...