Trader_BrianFX

Trader_BrianFX Updated 

Hello everyone, Brian here! Yesterday, XAUUSD closed stably around $2338, largely unchanged from last week despite significant economic reports, including Friday's PCE index. The overall PCE index rose by 0.3% from February and 2.7% year-over-year. Adjusted personal consumption expenditures increased by 0.5% from last year, marking the largest increase this...

Trader_BrianFX Updated 

Hello everyone, Brian here! Expect EURUSD to continue its downtrend: The pair has completed its retracement to the 0.5 Fib level and successfully tested the EMA 34 zone. Technical analysis conditions, along with the ongoing long-term trend, favor the sellers. Happy trading, and don't forget to like and comment if you enjoy this analysis!

Trader_BrianFX Updated 

Hello brian, let's find out about gold price today! Currently this precious metal has surpassed more than 15 USD compared to the same time in the session yesterday. Accordingly, the rising momentum was supported in the short term of the cow side that remained stable in the price increase channel and established the high levels of the bottom. It is expected that...

Trader_BrianFX Updated 

Gold prices (XAU/USD) attracted buyers for the second consecutive day on Friday, trading just below the overnight high during the European trading session. The US GDP report released on Thursday indicated a significant loss of growth momentum at the start of 2024, along with an unexpected rise in inflation, thereby providing some support for the precious metal.

Trader_BrianFX

Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...

Trader_BrianFX

Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...

Trader_BrianFX Updated 

During the bustling trading session in Europe on Wednesday, the GBP/USD pair maintained its position below the 1.2450 mark. The broad depreciation of the US dollar, coupled with a risk-on sentiment in the market, has lent support to this currency pair. In the short term, the upward trajectory continues to gain momentum as the pair breaks out of its previous...

Trader_BrianFX Updated 

EURUSD continues to maintain an upward trend on the final day of this trading week. Currently, this currency pair is moving smoothly within an upward channel on the 1-hour chart, approximately at 1.072. This uptrend has been fueled by the recent weakening of the US Dollar (USD), which has positively impacted the EUR/USD exchange rate. As long as the upward...

Trader_BrianFX Updated 

Hey folks, This Thursday in the Asian trading session, the EUR/USD was flirting around the psychological mark of 1.0700. The pair saw a modest rise, thanks in part to a softer U.S. Dollar (USD). Later in the day, we're expecting some key releases: Germany's GfK Consumer Confidence Survey for April and preliminary GDP growth figures from the U.S. Given these...

Trader_BrianFX Updated 

Hello everyone, Brian here. Today, gold has remained stable, hovering around the $2320 mark at the start of the Asian trading session, showing little fluctuation from yesterday. Looking at the outlook and trends: Today, we still see a downward trend in gold. In the short term, the strategy of selling continues to be emphasized as this metal forms a triple top...

Trader_BrianFX Updated 

Today, gold prices are catching their breath in a corrective move, trading around the $2325 mark with a notable recovery of 0.43% for the day. This precious metal's long-term uptrend remains highly esteemed. The recent dip is viewed as a mere corrective wave within the ongoing Elliott wave structure, having reached its first significant Fibonacci extension at...

Trader_BrianFX Updated 

Hello everyone, Brian here! Let's take a closer look at GBPJPY today! Currently, this currency pair has maintained a rising trend over the past several days. The price is now orbiting around the 194.800 mark, completing a five-wave Elliott sequence. I expect some adjustments soon, as there are signs that a new peak might be forming, and a retest of the EMA 34 and...

Trader_BrianFX Updated 

Hello everyone, it's Brian here! In today's trading session, the Euro appreciated against the US Dollar, gaining over 0.40% and trading above a key resistance level. The economic data from the US came in softer than expected, weighing down on the US Dollar, which underperformed against most currencies. This has helped push the EUR/USD pair to trade around 1.0705....

Trader_BrianFX Updated 

Hello everyone, it's Brian here. Today, gold experienced a modest decline after failing to sustain its recent rally despite a drop in U.S. Treasury yields and a weaker U.S. dollar. The XAU/USD pair struggled to capitalize following the release of weaker-than-expected global PMI data from S&P, sparking speculation about a potential Fed rate cut come...

Trader_BrianFX Updated 

Hey folks, should we be buying or selling gold today? Right now, gold is stable around $2,323 per ounce, maintaining its downtrend despite easing tensions in the Middle East and profit-taking among investors. According to technical analysis, the recent dip seems to be just a minor correction in a bigger bullish trend, given gold's substantial 22% rise over the...

Trader_BrianFX Updated 

Hello everyone, Brian here. Today, EURUSD continues to wander without a clear direction, maintaining a sideway pattern around the 1.0655 level as the pair awaits fresh news to carve out a new path. In the meantime, it's expected that EURUSD will persist with its sideways motion in the short term, with the Bollinger Bands indicator suggesting a range between 1.062...

Trader_BrianFX Updated 

Hello there, Brian here with a glint of today's gold market dynamics! Gold (XAU/USD) found itself under a relentless sell-off siege for the second day running on Tuesday, edging toward its bi-weekly nadir around the $2,300 landmark as the European trading session dawned. Despite a nocturnal offensive on U.S. forces in the Middle East, investors clung to optimism,...

Trader_BrianFX Updated 

Hello everyone, I'm curious about your thoughts on the current trend of USDJPY? Lately, this currency pair has been maintaining stability at a high price level, currently hovering around 154.810 with little fluctuation and seemingly unchanged from the same time during yesterday's trading session. It recently touched a multi-decade high around 154.85 on Monday,...