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Following the FED announcement, gold has started to decline and is approaching the intersection of the classic support level and the Fibonacci 50% retracement level. The 21-period RSI is in oversold territory on the D1 chart and all lower timeframes. Additionally, it has reached its primary target in the double top formation formed before the decline. In the...

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The price, which reached the long-term resistance level, opened lower with a gap at the weekly opening. Additionally, the 21-period RSI on the H1 chart is in the overbought zone, and the price opened with a gap from the resistance zone. This signals that the price could potentially decline towards the support level.

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On the D1 chart, we observe a rebound from the key Fibonacci retracement level of 61.8% within the main downtrend. Our initial target to the upside is the 23.6% retracement level. Additionally, on the daily chart, the price is supported by a Morning Star candlestick pattern, signaling an upward movement. Before continuing the ascent, we might witness partial...

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In the pair where the main trend is downward, the price has broken above the Fibonacci 23.6% level and has received an upward reaction from the support zone between 38.2% and 23.6%. In medium and long-term trends, after the break of the 23.6% level, we often see a retest movement back to or above the 23.6% level before reaching the 38.2% level. Additionally, on...

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With the recent FED announcements and the probability of continued high inflation and high-interest rates, the market sentiment has shifted towards moving away from stocks, gold, and other currencies and into the US dollar. However, the Swiss Franc continues to maintain its safe-haven status, and with its strong financial structure and economy, it is likely to...

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In the GBP/CAD pair, which still has a downtrend, we can observe a correction uptrend following a 15-day decline. The price has reached the 23.6% Fibonacci level of the decline zone and the 21-period RSI on the H1 chart has entered the overbought territory. Before expecting further upside, we can anticipate a downward move from the 23.6 resistance level, which...

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The Bank of Japan (BoJ), persistently pursuing an excessively loose monetary policy, has been causing historic losses in the Yen for the past 2 years. There is actually a relatively valid reason behind this loose monetary policy, and the BoJ is deliberately causing the depreciation of the Yen. We will soon publish a detailed analysis and article on this...

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Last week, the Bank of England (BoE) surprised the markets by keeping interest rates unchanged, contrary to expectations of a rate hike. This decision led to a rapid depreciation of the pound sterling. It appears that this depreciation may continue for some time. We will soon share a detailed situation report on the pound sterling in the Trader News section. The...

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Last week, the Bank of England (BoE) surprised the markets by keeping interest rates unchanged, contrary to expectations of a rate hike. This decision led to a rapid depreciation of the pound sterling. It appears that this depreciation may continue for some time. We will soon share a detailed situation report on the pound sterling in the Trader News section. The...

TradeAndMeApp Updated 

Last week, the Bank of England (BoE) surprised the markets by keeping interest rates unchanged, contrary to expectations of a rate hike. This decision led to a rapid depreciation of the pound sterling. It appears that this depreciation may continue for some time. We will soon share a detailed situation report on the pound sterling in the Trader News section. The...

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The messages of relaxation given by both the BoE and ECB within a few days led to depreciation in both EUR and GBP. However, the downward trend in the Eurozone's inflation data provided some relief for EUR, albeit to a slight extent. Nevertheless, this relief is not potent enough to change the overall downward trend in EUR. From a fundamental data perspective, in...

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The price on the H4 chart is in the oversold zone with a 21-period RSI. Furthermore, on the D1 chart, the price, which is still within an ascending channel, appears to have received an upward reaction, and it is also close to the oversold zone and above the 100-day simple moving average. Despite signals of easing in the monetary policies of both the ECB and the...

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After the FED meeting, gold, which had risen up to the 100-day moving average, experienced a sharp decline. The price is still outside of the downward channel it broke. On the H1 chart, the 21-period RSI has received an upward reaction from the overbought zone. It still appears technically possible for it to continue its rise towards the 1960 level. Additionally,...

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- In the first chart (above), we can see the GOLDSILVER index. This index shows us how many ounces of silver one ounce of gold is worth. In other words, it represents the price of gold in terms of silver. - In the second chart (bottom left), we see the volatile child, silver's chart. - And in the third chart (bottom right), we have the chart for shining...

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The price can retrace up to Fibonacci 61.8% before sustaining a break above the downtrend channel without consolidation. Especially, the expectation of a rise below strengthens the AUD as a fundamental economic indicator. If the expected interest rate decision does not come out of the FED meeting as anticipated, and a somewhat moderate text is published, we may...

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The price is approaching the rising channel line, and at the same time, the Fibonacci 23.6% level intersects with the channel line. On the H1 and H4 charts, the 21-period RSI is in the overbought zone. There is a high probability of the price encountering resistance to the upside from the intersection of the channel bottom and the Fibonacci 23.6%. This is...

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he Fed has kept interest rates steady as expected, but Chairman Jerome Powell's statements were much more hawkish than anticipated. In summary, 12 out of 19 Fed members are calling for one more interest rate hike this year. No interest rate cuts are expected this year. Inflation is expected to remain high over the next 12 months. Tightening and balance sheet...

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After last week's ECB (European Central Bank) interest rate decision, there were declines in the Euro (EUR). EUR/USD retraced back to the classic pivot level of 1.0630. The key support level, the Fibonacci 38.2% level, has not been tested yet. We expect this important support level, located in the range of 1.0610-15, to be tested in the short term, with the price...