The Japanese Cabinet Office has forecast that CPI consumer inflation will increase to 3%. Early tomorrow morning, the market will receive CPI inflation data that has been higher than the BoJ's 2% target for more than a year, boosting expectations that the BoJ will pivot and support the rise of JPY.
Hey Everyone, Quick update on our route map for today. As stated yesterday, that we were likely to see a bounce between the range until the next weighted level breaks and locks allowing us to track and trade the movement level to level. - This played out, as we saw price bounce between 2033 and 2046. We are seeing ema5 maintaining the range within and failing...
The dollar is currently volatile against most major currencies as market sentiment has been hit by expectations that the US Federal Reserve could start cutting interest rates. The exception remains the Japanese yen, which maintains its position against the dollar even after the Bank of Japan's decision to continue its expansionary monetary policy. Fed officials...
The US dollar is experiencing volatility against most major currencies today, with market sentiment affected by predictions that the US Federal Reserve may start cutting interest rates. The Japanese yen remains an exception, maintaining its position against the dollar following the Bank of Japan's decision to continue its expansionary monetary policy. Federal...
The dollar index and dollar index futures both traded flat during the Asian session on Tuesday, but marked strong recoveries from four-month lows over the past two sessions. A series of Fed officials said that although the bank will cut interest rates in 2024, expectations of an imminent shift are unfounded. Chicago Fed President Austan Goolsbee said the bank...
Hey Everyone, Another great day on the markets for us with our chart idea playing out perfectly in true level to level fashion!!! Yesterday we stated that we needed to see 2033 cross and lock to open 2046. We got the lock confirmation today and then the perfect finish by hitting 2046 completing our target and with plenty of time to get in for the movement.. We...
Somehow we managed to find support just below $68 and guaranteed divergence on daily and weekly (bullish hidden divergence) For further confirmations of growth, like last time, the price of $77 and $80 is important. The 50weekly MA, 200 Daily Ma encounter very strong resistance, so be careful.
Hey Everyone, Great start to the week with our route map chart idea playing out as planned. Price supported above 2018 and failed to lock below confirming the push up, perfectly hitting our Bullish target at 2033 Goldlturn. We will now need to see 2033 cross and locked to open 2046. Failure to lock above will see rejection into support to test 2018 again. We...
Goldman Sachs Data reported on December 18 that Goldman Sachs has revised its forecast for next year's exchange rate and expects the US dollar to weaken further. “The biggest revisions to our forecasts are on exchange-sensitive currencies like the Japanese yen,” strategists including Danny Suwanapruti and Michael Cahill wrote in a Dec. 15 report. , the Swedish...
I shared this image because many time I saw this type of patterns in chart but I not take trade but this time I deeply read chart
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test support at 2018 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2033 Goldturn. Price is playing in a central range in this overall structure and likely to see big swings...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2044 and 2022 Goldturn. We would need to see a break and lock above and below either level to track price to the next range target. We are now seeing price test support at 2022 Goldturn with a immediate bullish target at 2044. We...
Hey Everyone, This is the new updated DAILY CHART idea with updated levels and Goldturn channel after completing our last daily chart idea all the way into the new ATH. Price is playing in the central zone of the channel with immediate support 1998 and resistance bullish target at 2043. The channel half line may also provide support before the 1998 level and a...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months. Last week we highlighted that we are seeing price in our updated swing range zone and expect reaction on this zone. This played out perfectly, as the swing range providing the swing straight into the axis target once again. We...
Hey Everyone, We finish off the week completing all our targets into 2045 weighted level to complete the range. 2045 failed to break with ema5, as stated yesterday and therefore followed with the rejection. We will now wait patiently for price to settle into a weighted support level below from this rejection and create a new Goldturn to catch the bounce...
Hello traders what do you think about euousd)? traders euousd breakout trade line support levels Rsl retet To lower high Rsl now waiting for retest same Rsl? Now see I will down 👇 support levels ✅ Key levels 1.07948 Key levels 1.06500 Key levels 1.05500 💵 steady, euro soft as traders wager rate cuts to begin in Q1 Dec 6, 202314:19 GMT+5 The dollar held...
The main movement of EUR/USD this week was driven by statements expressing the views of the Fed and ECB with a strong increase from 1.0800 to the important resistance level of 1.1000 yesterday. This makes this currency pair face a rather interesting situation when Eurozone PMI data will be published this afternoon. Does the above data support the ECB's stance of...
New Zealand's manufacturing PMI, also known as the BNZ BusinessNZ Manufacturing Performance Index, jumped from 42.9 points in October to 46.7 points in November and hit a 6-month peak, but is still in the range narrowed and was the 9th consecutive month below 50 points.