Hello everyone, it's Rena! Today, let's take a look at the EUR/USD market and forecast the trend together! Currently, EUR/USD is trading around 1.0850 due to the ECB's monetary easing and the Fed's aggressive rate hikes. Positive U.S. retail sales data for May is also supporting the USD. You might consider buying if it breaks out above 1.0850, with a target of...
The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. in May. Cable posted decent gains as the US...
The EURUSD market is hovering around the 1.0578 level, presenting opportunities for astute traders. However, to make informed decisions, it's crucial to consider these key factors: The downtrend in the US stock market could negatively impact market sentiment, putting pressure on EURUSD. Conversely, the rising crude oil prices may support EURUSD as the euro is...
World gold price moved sideways around 2,306 USD/ounce after falling sharply yesterday session. The gold market is under pressure as recent US economic data shows that the Fed will only have one interest rate cut this year. However, some economists note that the possibility of two interest rate cuts is still possible. According to data from the US Department of...
The gold market is gleaming like diamonds as prices trade around $2,330 USD/ounce, marking a slight increase from the previous session. Two key factors are driving this upward momentum: Anticipation of US inflation data: Could this "number" be higher than expected, stimulating demand for gold as a safe haven? Geopolitical turmoil: Continued regional instability...
Today, international gold prices are trading around $2,330 USD/ounce, up slightly from the previous session. This price increase is mainly due to expectations for US inflation reports and current geopolitical tensions. If inflation data is higher than expected, gold demand could increase due to concerns about prolonged inflation. A strong US dollar could put...
Hello,Traders! EUR-CHF is falling down And the pair is locally Oversold so after the Pair hits the the support Of 0.956 we will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. WHEAT/USD Short Minimum entry requirements: • 1H impulse down below most recent low. • If 2 touch 5 min continuation, reduced risk entry on the...
Hello,Traders! GBP-CAD will soon hit A horizontal resistance Of 1.7630 from where I will be expecting A local bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
We are currently experiencing a phase of stagnation with Alibaba, as the stock remains in a new accumulation phase after breaking out of the previous one. The price might retest the Point-of-Control along with the trendline that was broken during the breakout, potentially providing a good momentum boost. Despite the sideways movement, our position remains...
✅EUR_AUD is going down And the pair broke the key Horizontal level of 1.6229 Which is now a resistance And the breakout is confirmed So we are bearish biased and We will be expecting a Further bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
BUY ABOVE - 49890 SL - 49670 TARGETS - 50100,50250,50550 SELL BELOW - 49670 SL - 49890 TARGETS - 49530,49290,49050 NO TRADE ZONE - 49670 to 49890 Previous Day High - 50250 Previous Day Low - 49670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23370 SL - 23440 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23440 Previous Day High - 23500 Previous Day Low - 23370 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello,Traders! EUR-USD went down Sharply but the pair has Hit a horizontal support Of 1.0720 from where We are already seeing a Local bullish reaction So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The chart is pretty self-explanatory as always. But as usual, Below are some good-to-know pointers. - The price has been stuck in a range for about a year now - The support zone is holding up. But for how long, we do not know. - The best case scenario will be the break of the support inviting sellers followed by filling of the long due gap and a recovery. Again,...
Dear Traders, We are convening a discussion focused on #0X0USDT Bullish pennant on 3D timeframe☝️ Looking for a breakout and leg upwards📈 Expecing 100% Bullish Wave 📈
XAU/USD decreased slightly, currently trading around 2,314 USD/ounce. Yesterday, XAU/USD turned down after the Federal Reserve (Fed) signaled that there would only be one interest rate cut this year in the context of inflation still far from the target level. The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in...
My dear subscribers, This is my opinion on the EURAUD next move: The instrument tests an important psychological level 1.6243 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.6298 My Stop Loss - 1.6210 About Used Indicators: On...