In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
Gold is facing difficulties in capitalizing on the previous day's gains and is oscillating within a narrow range as it enters the European trading session on Wednesday. Global risk sentiment continues to be supported by reduced concerns over escalating geopolitical tensions in the Middle East. This is attributed to the decline in the US dollar (USD) price, coupled...
In the Tuesday trading session in the U.S., Gold slipped as it dropped to the crucial support level of 2,300 USD, but quickly found stability thereafter. The recovery of gold prices coincided with the weakening of the U.S. dollar after the PMI data for the United States was announced weaker than expected. From a technical standpoint, looking at the chart, gold is...
EUR/USD has experienced a significant momentum shift, surging above the 1.0650 level at the start of the European trading session. The short-term technical outlook for this currency pair indicates a gathering momentum for recovery. On the 4-hour chart, we observe the price closing above both the 20-period and 50-period Simple Moving Averages (SMAs), along with...
Gold extended its downward momentum at the start of Tuesday's Asian trading session, dropping to 2,300, down more than 2% from Monday. The decline seemed somewhat contained due to speculation that major central banks would cut interest rates later this year. From a technical standpoint, this sharp decline has brought gold prices to touch the simple moving...
EUR/USD remains near the low of around 1.0650 in the European trading session on Tuesday. The modest recovery of the US Dollar (USD) has driven EUR/USD to continue its downward trend. According to the analysis from the 4-hour chart, the downtrend of the EUR/USD currency pair seems to show signs of notable recovery. Anticipated that there will be a testing phase...
The USD/JPY market is experiencing a notable period of growth, reaching its highest level in decades, driven by significant appreciation of the US Dollar. This increase is attributed to the economic hegemony of the United States, where the USD is regarded as one of the most stable and widely used currencies globally. Additionally, the large-scale selling of US...
In Tuesday's trading session in Europe, the EUR/USD currency pair gained traction and surged to nearly 1.0700. Volatility erupted following the release of the PMI HCOB for the Eurozone, followed by S&P's global PMI for the US during the US trading session. Looking at the chart, signs of a downward trend remain evident, although prices are undergoing a corrective...
Gold continues to face downward pressure, dropping below the $2,300 mark near the end of the US trading session on Tuesday. Expectations regarding the Federal Reserve's monetary policy still support the increase in US Treasury bond yields, thereby keeping the US Dollar (USD) at its recent high level. From a technical perspective on the 4-hour chart, we can...
Hello dear friends, what do you anticipate the price of Gold will be today? Yesterday, we witnessed a fluctuation in the gold market, as the price dropped below 2,400 USD near the threshold of 2,310 USD. In the Asian trading session on Tuesday, Gold continued its downward trend below the 2,300 USD mark. This decline is attributed to the easing of tensions in the...
Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At...
Hello everyone, let's look at the 4H LINK to USDT chart as we can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $16.14 T2 = $17.38 T3 = $18.75 T4 = $20.54 AND T5 = $22.88 Now let's move on to the stop-loss in case of further market declines: SL1 = $14.39 SL2 = $13.34 SL3 =...
The GBP/USD pair is showing signs of upward movement as weaker-than-expected PMI data in the US has caused the US Dollar to depreciate, thus supporting an increase in the value of the British Pound. The improvement in the global financial situation has also weakened the US Dollar against other currency pairs. From a technical perspective, on the 1-hour chart, we...
The gold market (XAU/USD) is facing strong selling pressure for the second consecutive day, dropping to near its lowest level in over two weeks, hovering around the $2,300 mark before entering the European trading session. Despite overnight attacks on US forces in the Middle East, investors remain optimistic, believing that the conflict between Iran and Israel...
Yesterday, the gold market experienced significant volatility, with prices falling below $2,400 and continuing to decline below $2,300 during Tuesday's Asian trading session. This decline was triggered by escalating tensions between Israel and Iran. Market participants are betting that the ECB will cut interest rates in June, with three rate cuts expected...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to trades in flat, where it soon rose to top part, but at once bounced down. In a short time, EUR declined to resistance area, which coincided with bottom part of flat with $1.0810 level. Soon, price exited from flat, breaking $1.0810...
The Japanese Yen is currently receiving support from government intervention, but differing expectations from the Bank of Japan (BoJ) and the Federal Reserve (Fed), along with reduced tensions in the Middle East, have diminished JPY's role as a safe haven asset. From a technical standpoint, indicators continue to signal an upward trend. The Relative Strength...
The price of gold has undergone a significant downward adjustment phase, dropping to around 2,362 USD in the Asian trading session. Negative comments from Federal Reserve officials have dampened the momentum of this precious metal's rise. In the short term, the outlook for gold prices may continue to face challenges, especially as prices continue to rise and...