SroshMayi

SroshMayi Updated 

USDJPY New Forecast The price still running at the bullish trend, to get 155.770 Currently, a 4h candle close above 154.700 would signify stabilization at this level, heralding the onset of a bullish trend with an immediate target of 155.77, thereby positioning the asset within the bullish zone. retest scenario will be available till 153.07 by closing the 4h...

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U.S. Futures Ascend Following Microsoft and Alphabet Earnings Announcements Shares of Microsoft surged over 4% in premarket trading subsequent to the company surpassing earnings and revenue expectations. Furthermore, Alphabet experienced a 12% increase after its financial results exceeded forecasts, coupled with the announcement of its inaugural...

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U.S. stock index futures ascended on Friday, buoyed by a resurgence in megacap growth stocks following impressive quarterly earnings from Alphabet and Microsoft. Investors are concurrently anticipating a crucial inflation report, which is poised to influence the direction of U.S. monetary policy. Technically : The price initially fell following META's ...

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Gold prices experienced an increase before the release of U.S. inflation data. Despite this increment, gold is on track to record its most significant weekly decline since December 8th. On Friday, gold prices witnessed a rise, mitigating some of the losses accrued earlier in the week. This upswing was propelled by a combination of mixed economic data from the...

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EURUSD New forecast As long as the price remains above 1.0730, it indicates a bullish trend targeting 1.0792. Conversely, if it stabilizes below 1.0700, it suggests the start of a bearish trend with a potential drop to 1.0660. Pivot Price: 1.0717 Resistance Levels: 1.0792, 1.0872, 1.1000 Support Levels: 1.0660, 1.0577, 1.0400 The price is expected to...

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Tech Giants Experience Significant Decline, Erasing $300 Billion Amid Meta's Weak Guidance and Q1 Stagflation Concerns During a volatile trading session, the combined market capitalization of the top seven tech companies experienced a sharp decline exceeding $300 billion within the first hour of trading on Thursday. This downturn was primarily triggered by Meta...

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Stocks Plunge Before the Open as Meta’s Revenue Forecast Disappoints, U.S. GDP Data and Earnings in Focus Meta Platforms NASDAQ:META (META) slumped over -12% in pre-market trading after the Facebook parent provided weaker-than-expected Q2 revenue guidance and increased its full-year capital expenditures forecast. OANDA:SPX500USD NEW FORECAST The price...

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Dow Jones The price of Dow Jones is about to reach its support line of 38175 and then closing the daily candle under it means it will continue the downtrend till 37750, but if closed above it means it will touch 38560 again. the bullish scenario will be activated by closing the daily candle above 38560 to get 38800 and 39170 The earnings of NYSE:DOW Dow Inc.,...

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GOLD new forecast Gold prices declined for the fourth consecutive day, driven by profit-taking after a significant price rally and the need for institutional investors to liquidate holdings for cash. Attention is now turning towards upcoming U.S. economic reports for indications of potential actions by the Federal Reserve. Since reaching an all-time high of...

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The price hit the resistance level and then fell, as predicted earlier. The bearish trend will likely continue down to 17150, given that bearish momentum currently dominates over buyers. We anticipate a correction to 17400 before the price resumes its downward movement towards 17150. pivot line: 17395 Resistance Price: 17500, 17660, 17795 Support price: 17220,...

SroshMayi Updated 

GOLD new forecast GOLD is set to maintain its bearish trend, potentially reaching 2342 after breaking below 2369 and establishing a foothold in the bearish zone. If it breaks the support at 2342, it will likely initiate a new bearish trend for the week, targeting 2320 and 2302. Conversely, a reversal and stabilization above 2369 would indicate a resumption of...

SroshMayi Updated 

Increase in U.S. Rate Expectations Weighs on Japanese Yen Idanna Appio, a portfolio manager at First Eagle Investments, highlights the challenges facing the Japanese yen due to increasing U.S. interest rates and rising oil prices, which are negatively impacting Japan's trade terms. Verbal intervention by Japanese authorities is unlikely to have a significant...

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The price hit our target exactly as predicted in our earlier analysis. Thus, if a 1-hour candle closes above 38570, it suggests that the bullish trend will continue towards 38820. Conversely, if the price stabilizes below 38485, it is likely to drop to 38330 and then to 38180. Pivot line: 38480 Resistance Prices: 38810, 39000, 39200 Support Prices: 38340, 38180,...

SroshMayi

GOLD New Forecast The price of GOLD has adjusted back to its resistance level and is now poised to drop back down to 2302. A further bearish phase could be triggered if it breaks below 2302, potentially falling to 2278. Conversely, for an upward trend to be established, the price should remain stable above 2234, potentially rising to 2242 and then 2258. Pivot...

SroshMayi Updated 

Nvidia NASDAQ:NVDA inched up 0.7%, rebounding from a 10% drop in the last session. Mideast tensions subside The risk-on mode was also supported by signs of easing tensions in the Middle East, As long as the price remains above 17,150, it indicates bullish momentum, potentially reaching 17,400 and 17,500. Breaking past 17,500 is necessary to continue to the...

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US Futures Climb Higher on Strong Earnings US stock futures climbed higher on Wednesday as investors reacted to the latest batch of corporate earnings reports. In extended trading, Tesla surged 12% after the company said it would start producing more affordable electric vehicles in 2025. Visa and Texas Instruments also rallied 2.5% and 7%, respectively, on...

SroshMayi Updated 

US30 new forecast If the US30 price stabilizes above 38065, it suggests a continuation of the bullish trend towards 38385, with a potential to break through and reach 38565. Conversely, if it breaks below the support at 38065 for any reason, a bearish trend could lead the price down to 37900 and then 37630. Pivot line: 38070 Resistance Prices: 38385, 38560,...

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GOLD New Forecast The price dropped and precisely hit our target of 2302, as previously forecasted. Currently, the price is still under bearish pressure, aiming for the next target at 2278, before potentially retesting 2302. As long as it trades below 2302, it is likely to reach 2278 and then 2260. Conversely, if it surpasses 2302, it could potentially rise to...