ForxTay

ForxTay

eur/usd has been moving side ways for a while, as we are still in bearish structure I'm expecting it to breakout soon and continue with the bear pattern . it is likely to go around the area of 1.05200.

ForxTay Updated 

we have seen a little retest on GOLD as the Middle East geopolitical risks are easing. IRAN downplayed apparent Israeli strikes on its territory last week and said it had no plans to retaliate. Nevertheless, investors continued to watch the region. IRAN is the 3rd largest producer in OPEC and it exports most of its oil to China and other countries outside the...

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bitcoin's price dip have been set off by U.S factory data that sent the U.S DOLLAR INDEX above 105 for the first time in almost 5 months. THE index measures the strength of the US Dollar against other major global currencies. AS dollar strengthens we may expect a little more correction with bitcoin.

ForxTay

ready for another new high before going down? looks like 233o is possible so lets bag it

ForxTay Updated 

Gold has been pushing high due to growing expectations of U.S interest rate cuts. it has has formed a w pattern and looks like it may go higher to 2240 before we can see more downside

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the big boys have started buying in again so we are still super bullish however it may go touch 64680 again. careful and good luck

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Netanyahu(Prime Minister of Israel ) said Israel could achieve total victory over Hamas within months and rejected any cease-fire talks..this comment could give GOLD a push, as the continuation of war threatens to escalate and expand across the Middle East we may see a moderate rise. trade safely and risk moderately, in case it breaks our support look for an entry...

ForxTay Updated 

Hawkish comments from the ECB support a "'moderate rise"' in the EURO. please let market do what it wants to do and risk wisely

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FOMC kept the fed funds target range at 5.5% and said that the risks to employment and inflation targets are becoming more balanced. the euro yesterday gave up early rally and suffered moderate losses due to Hawkish comments from Fed Chair POWELL which pushed the dollar higher. so, the Euro has been trading the channel for a while and we are looking for a...

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The Bank of England will hold its first meeting today. the Bank is expected to keep the policy rate at 5.25% at the current meeting so let's keep a close eye on the distribution of votes among policymakers. At the December meeting, three of the bank's policymakers favored a 25 basis point rate hike and the rate statement pointed to the potential need for further...

ForxTay Updated 

this week the major central banks begin their first meetings for the year 2024 where PMI data will show how the global economy is doing at the start of the year. we also still have war in the Middle East where the growing geopolitical situation has a strong impact on gold and oil prices. this has been trading in this wedge for a long time now and it's about to...

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for xau to move further in the downside it needs to take out earlier sellers.. it needs to create liquidity through (accumulation phase) so the market makers can wipe it out. this can go higher than 2150. but for today this is a plan. good luck

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We may see gold take the last leg up before it gets bloody red. Good luck and trade safe

ForxTay

this pair was trading in range in a bearish flag for 2 days, it finally broke out meaning we will continue sailing down. good luck.

ForxTay Updated 

This week the eurozone data for Q3 will be published and is expected to shrink the economy. EUR AND GBP correlate ... meaning this week we will be selling. 1.27163 should be watched closely. if it breaks we may go long

ForxTay Updated 

the recent data on personal consumption expenditure price, personal income, and unemployment claims as a measure of inflation shows a little ease and possibly gives the Federal RESERVE more incentive to hold rates steady and perhaps start cutting in 2024. with this pair we can see it has found a small support which it is testing, we could see it climbing up more...

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The dollar index fell sharply on Tuesday and hit a 2 month low, it fell after US consumer price fell more than expected which REINFORCE the view that the Federal Reserve has finished raising interest rates. the price will pull back up from the daily to go to weekly resistance . good luck

ForxTay Updated 

hi guys, we have been in this uptrend for close to a month now, we still have a weekly resistance to touch and we can see on the chat the support has formed so will be long but take into consideration it may retest any on those two levels. good luck