Stone_Haven

Stone_Haven Updated 

➡️The Eurozone's industrial sector faces challenges due to sluggish demand in key global markets. Recent data indicates a decline in eurozone industrial output, exceeding market expectations. The trade surplus, adjusted for seasonal factors, has narrowed from August levels due to a drop in export output. These developments suggest that the Eurozone's economic...

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EURUSD has slowed down in the past session, the price has now created a railroad model on the daily, an unfavorable signal for buyers. However, this signal is still quite weak and has not changed the situation. Those with long positions can continue to hold, the target is still around 1.1000. ➡️CALENDAR FOR TODAY : - ECB Financial Stability Review -...

Stone_Haven Updated 

➡️ EURUSD has experienced a rebound, surpassing the earlier peak and establishing a higher one. Significantly, this breakthrough occurred on the daily timeframe, suggesting a strong likelihood of upward movement in the short term. Currently, the primary trading strategy for this currency pair is to monitor and consider buying. ✔️The closest support area is...

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➡️ After yesterday's sharp decline followed by a rebound, H1 gold is once again showing an upward trend, as it closed above its most recent high. However, the most recent H1 gold bar closed above the upper Bollinger Band, suggesting that the price may have entered an overbought territory, increasing the likelihood of a pullback rather than a continued advance....

Stone_Haven Updated 

➡️The global gold market experienced considerable volatility last week, with prices swinging widely. Gold prices steadied at the start of the week as investors awaited key economic data for October. However, precious metal prices surged dramatically after the report revealed a substantial reduction in inflationary pressures. This sparked expectations that the US...

Stone_Haven Updated 

➡️ GBPUSD is maintaining its upward momentum, however in the H4 frame it is creating a butterfly pattern The Bearish Butterfly pattern will start with a XA downtrend, then an AB uptrend, a BC downtrend, and finally a CD uptick again. With this move combined with the corresponding ratios and Fibonacci levels according to the above rules, the market expects a...

Stone_Haven Updated 

➡️ The global gold price experienced a significant upturn last night and this morning, driven by recent developments in the US economy. On November 16, there was a pronounced surge in the weekly unemployment benefit applications and the 4-week average, prompting a shift in the precious metal market. ➡️ To provide specific figures, the first-time applications for...

Stone_Haven Updated 

➡️ On Wednesday, the EUR/USD experienced a decline following a significant bullish breakout in the preceding session. Despite this pullback, the euro continues to exhibit a positive outlook against the US dollar. The exchange rate has recently established a consistent pattern of higher highs and higher lows, presently trading above crucial moving averages, as...

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➡️Yesterday, the D1 bar in AUDUSD witnessed a decrease, closing above the low of the same bar, initially indicating a false break and subsequently confirming this deceptive move. This implies a weakening stance for AUDUSD D1 near the upper boundary of the cumulative price range. The overall structure of AUDUSD D1 remains in a sideways movement. ➡️Although AUDUSD...

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➡️On Thursday, GBP/USD continues its downward trend, making efforts to build positive momentum while consolidating slightly below the 89 and 34 EMA. If the losses intensify, a critical support level is identified at 1.2320. It is crucial to uphold this significant support to rekindle optimism for a continuous upward trend. Failing to maintain the price above this...

Stone_Haven Updated 

➡️This morning, the global gold price experienced a reversal, declining in response to the recent announcement from the US economy. The October Producer Price Index (PPI) reported a significant decrease, showing a 1.3% increase over the same period last year. This figure was notably lower than the anticipated 1.9%, and it marked a decline from the 2.2% increase...

Stone_Haven Updated 

The significant surge in prices occurred following the release of last night's CPI news, establishing a fresh high for gold in the first half of the year and sustaining its upward trajectory. At present, the price is approaching a resistance level, presenting an opportunity to either wait for a pullback to initiate a purchase or observe for a potential...

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➡️The latest data indicates a significant decline in the UK's annual Consumer Price Index (CPI) rate, dropping from 6.7% in September to 4.6% in October. This marks the lowest figure in two years, falling below the consensus estimates of 4.8%. The notable decrease in CPI reflects a downward trend in inflation, primarily attributed to the impact compared to the...

Stone_Haven Updated 

Following several sessions of accumulation, EURUSD has experienced a robust rebound in the recent session, currently exceeding the targeted price range near the upper boundary of the ascending price channel. Profitable buying positions have been secured, yet the price momentum remains robust, suggesting a potential continuation of the upward trend. Traders may...

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AUDUSD demonstrated a remarkable recovery in the recent session, nearly recovering all losses incurred over the preceding four sessions. The upward momentum in prices is notably robust. Anticipate further upward movement in the price. It is advisable to adjust stop losses (SLs) and maintain existing buying positions. Breaking the 0.65 threshold would serve as a...

Stone_Haven Updated 

Have a good day , all Trader !!! Gold retested 1930 after the last trading session. However Gold cannot break it Then it turned around and rose again. The current increase we can expect is in the 1960 - 1966 area. You can watch to sell early in 1958 - 1960. Or you can wait to buy at the price range of 1930. There is also a good Buy signal there. Stop loss is necessary

Stone_Haven Updated 

Following the establishment of a bullish pattern near the 1.2200 support zone, GBPUSD is experiencing a resurgence in bullish momentum. Our current stance maintains buy positions based on earlier signals of a bullish reversal, including the double bottom pattern and the price breaking through the existing structure. It is advisable to retain these positions with...

Stone_Haven Updated 

Following four consecutive bearish sessions, the downward trend has come to a halt around the 1.2200 region. A slight bullish indication, represented by a dragonfly doji pattern, has emerged. This, coupled with earlier notable reversal signals such as the double bottom pattern and the breach of the bearish structure, suggests a potential resurgence of upward...