Currency stability is a hot topic in financial markets today as investors prepare for meetings of major central banks in Japan and Europe. The Japanese yen registered a notable gain, trading at 147.74 yen against the dollar, as markets awaited the Bank of Japan's upcoming monetary policy meeting. The bank is expected to maintain negative interest rates, a stance...
Hey Everyone, Great start to the week with our plans to buy from our first weighted level played out perfectly. As stated we were looking for price to range between 2036 - 2022 weighted levels, which were both open for a test. We got the bearish move first with 2022 level test with the perfect 40 pip bounce with full gap to 2036 still open for a test although,...
Next week, the ECB's monetary policy meeting will be held on Thursday, and important economic indicators from Germany will also be announced, so the euro may fluctuate significantly. This week, a number of central bank officials spoke out against overly optimistic markets about a rate cut in 2024. Next Thursday's ECB Governing Council meeting is likely to be...
Most Asian currencies were mildly volatile on Friday but headed for weekly losses, while the dollar hovered near a one-month high amid growing doubts that the Federal Reserve will cut interest rates early this year. The Japanese Yen was hit the hardest due to concerns about higher interest rates for longer and was also the worst performing currency in Asia this...
Gold will go to 2060$ zone soon! be aware and start Long! Don't forget to follow us for daily benefits.
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2022 and resistance 2036 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2036 for a immediate bullish target and 2022, as our bearish target. We will see price range between...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2038 for a immediate bullish target and 2026, as our bearish target. We will see price range between...
Hey Everyone, Please see update on our daily chart idea, which is playing out and respecting the channel dynamics. As stated last 2 week we were seeing price test the central zone of the channel, which we highlighted to show the flow of the historical challenges in the channel. The bounces from the central zone the last two weeks gave operantly to by dips using...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. We have now updated the Goldturn ascending channel range on this chart to line up with the new Goldturns but kept the levels the same to show the accuracy of the data and projection. So far...
NASDAQ:NDX Enter the trade when the ABCD pattern is completed. After completion, my target is 16,410. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Hey Everyone, Great finish to the week with our chart idea playing out with all the activations with weighted level breaks opening and hitting the open targets and the failed crosses activating the rejections also played out. We started the week with the 2051 Bullish target at weighted level. We then had no cross and lock above 2051 and therefore rejection into...
The dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate...
The dollar remains generally in good shape. EUR/USD tested the 200-day moving average during yesterday's trading session before rising to the 1.0890 level. Looking at the short-term trend, sellers are in control with prices still not coming close to testing the 100 hour moving average at 1.0916. The downtrend will still be maintained for now. As rising Treasury...
Hey Everyone, Piptistic finish to the day for us with our swing range doing exactly what it says on the tin. Yesterday we had Ema5 cross and lock below 2036 retracement range, which opened the swing range 2020 and 2005. - Both of these levels were hit We then advised that we would need to see ema5 cross and lock below 2005 to open the support structure or a...
The US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise. The dollar's rise was fueled in part by...
Hey Everyone, Update on our 1H chart idea from yesterday. Ema5 cross and lock below 2036 retracement range opened the swing range 2020 and 2005. Both of these levels were hit, as analysed and both provided the expected reactional bounces for 40 pips, as stated throughout. We will now need to see ema5 cross and lock below 2005 to open the support structure or a...
Most Asian currencies fell on Tuesday, while the dollar rose as traders largely remained risk-averse ahead of further signals on when the Federal Reserve may begin cutting interest rates. The dollar index and dollar index futures rose 0.5% and 0.3%, respectively, during the Asian session on Tuesday. The dollar index is also trading at a small premium to futures,...
NYSE:SAVE Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck