Dear fellow investors, Let's take a moment to review the gold market performance over the past week and strategize for the upcoming period together! Reflecting on the past week, the price of gold appeared to remain relatively stable, oscillating between $2022 and $2028, despite the release of significant news impacting the gold market. However, by the evening of...
Today, gold prices continued to fluctuate below the resistance level of $2032, finding support at $2020. The decline in global gold prices comes amid a strong rally in U.S. stocks, leading to a shift in some investments from gold to equities. This transition puts downward pressure on gold prices. Moreover, the U.S. reported fewer weekly unemployment claims than...
Hello dear friends, today the EURUSD continues to trade stably above the 1.080 level, navigating smoothly within an ascending parallel channel after the pair successfully reversed its prior downtrend earlier this week. Last evening, EUR/USD surged, testing the highest bid price since the beginning of February, before retreating back to the 1.0800 zone. This...
Hello everyone, today the Japanese Yen (JPY) struggled to capitalize on its modest gains during Friday's Asian session and weakened to a one-week low against the US Dollar (USD) from the day before, thereby providing a slight upward momentum for the USDJPY pair. On the 4-hour chart: USDJPY has formed a pennant pattern, and the market is expecting this pair to...
During the weekend, USDJPY failed to achieve any new breakthroughs, continuing to be trapped in a sideways trend and approaching the support level of 51.100 USD. Should the current support level be breached, the next significant support zone for BTCUSDT would be at 49.800 USD, along with a retest of the 89 EMA line as indicated on the chart.
BTCUSD continues to move horizontally around US $ 51,700 for more than half a day and marks a decrease of 1.05 % in the day, the recovery is barrier below the $ 52,400 resistance and BTCUSDT may have to find the motivation to increase. Newly below the support level of 49,800 USD.
Today, the USDJPY is trading around the 150.30 mark, showing little variation from its position at the same time yesterday. In this context, the Japanese Yen remains on the defensive amidst the Bank of Japan's (BoJ) policy uncertainties. Japan's flash PMI indices have not made a significant impact on the JPY's upward trend nor provided any substantial support....
Hao, you, today EURUSD is trading around 1,082 and still keeps the recovery adjustment on the price channel. However, EUR/USD slipped to the average level before the late breakthrough on Wednesday after the US Federal Reserve (Fed) published the latest minutes to show policy makers to continue. Focus on discount risks.
Today's gold prices continue to enjoy support, with an increase to around $2030. Current Situation: The gold market has recently broken free from a downward trend, indicating potential momentum shifts. However, it's common for the market to experience retracements following such breakthroughs. Forecast: A slight pullback towards the trendline's support level is...
During the early hours of Wednesday's trading session, the USD/JPY pair delicately dipped below the pivotal psychological support level of 150.00, mirroring investors' cautious sentiment. This occurred as the US Dollar Index (DXY) further slid to 104.00, amplifying the downward pressure on the dollar. A technical analysis reveals a slight downward trend for...
The GBP/USD pair has regained its upward momentum, breaking above the 1.2650 mark for the first time in a week on Thursday. While it experienced a slight loss of traction towards the end of the previous day, it encountered no significant difficulty in stabilizing above the 1.2600 level. The short-term technical outlook has yet to signal a building bullish...
Yesterday's speculation that the Federal Reserve would cut interest rates in March did not materialize. This morning, gold prices opened on the market at $2027 per ounce, showing little change from the previous session's close. Today's gold price movement is expected to remain stable as investors have yet to find significant insights from the Federal Reserve's...
In today's afternoon session, the price of gold continued its upward trend, reaching $2,030 per ounce, an increase of over $11 per ounce compared to the same time yesterday. This significant rise in the precious metal's price is attributed to China's decision to cut its basic interest rates for mortgages, aiming to rejuvenate the struggling housing and real...
World gold prices continued to inch up slightly with gold increasing by 8.6 USD to 2,024 USD/ounce. Gold hit its highest level in more than a week on Tuesday as the dollar weakened, while the market awaited the minutes of the US Federal Reserve's (Fed) latest monetary policy meeting to continue its search. Look for signals about interest rate cuts. The US Dollar...
Hello fellow Traders! On today's analysis chart, the EURUSD pair is trading around 1,081 and there is a sign of confluence between the resistance and the EMA 34 and 89. My outlook for EURUSD is bullish. How about you ?
"Dear beloved Trader family, as anticipated, BTCUSDT has gracefully ascended to the resistance level of $52,000, maintaining stability around this mark with enthusiastic support after triumphantly breaking through the $47,000 resistance, now turned into a solid support. My vision for BTCUSDT is a bullish trend following a strategic retracement to the 0.5 - 0.618...
Greetings, fellow traders! As we navigate through the early hours of this midweek trading session, the price of gold is holding steady at around $2017 USD, exhibiting minimal fluctuations. A closer look at the charts suggests that sellers are gaining the upper hand. They've managed to breach the uptrend line and are now eyeing further opportunities to drive the...
EURUSD is currently exhibiting a downtrend in the early trading hours of Tuesday. The price is hovering around 1.076, and the outlook for today seems to be favoring the bears as the recovery appears capped by three significant peaks identified on the chart. With US liquidity returning to normal today, I expect this currency pair to face further downward pressure,...