Dear traders! Gold prices are consolidating the previous recovery in a downtrend but remain limited in a narrow range near $2,350. Accordingly, News is ahead, we are waiting for the highly anticipated US Core Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation measure, for momentum new directional force. You need to understand...
Dear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and...
Dear traders! Gold (XAU/USD) traded steady at $2,340 on Friday, pausing a difficult recovery from Thursday's three-week low around $20 lower. The recovery came after weaker US growth data showed inflation will be contained and interest rates are likely to fall. As a non-yielding asset, lower interest rate expectations are positive for Gold. And if the upward...
Dear traders! Conan sees GBP/USD gradually forming an inverted cup and handle pattern. Theoretically, the pair should quickly break the 1.2680 support level and fall further, as the fundamental and technical outlook is negative. Meanwhile, the confluence of the two EMAs around 1.2730 suggests continued weakness in the short term. If the decline continues, the next...
Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.
Dear traders! Today's world gold price is listed on Kitco at 2,344 USD/ounce, up 7 USD/ounce compared to early yesterday morning. Accordingly, recently, traders' views have increasingly favored the scenario in which the Fed will keep interest rates higher for longer, increasing the opportunity cost of holding the yellow metal and creating Strong resistance level...
Dear traders! From the previous H2 chart, we see the trend changing, then the market moved into a consolidation phase and reached 1.2681. Accordingly, the resistance area continues to hold the price amid corrections and sell-offs. With the current trend, price reduction is possible. I expect that after the recovery period according to the Fibonacci measurement and...
Dear traders! Let's discuss and strategize today with Conan! Overall, EUR/USD approached the 1.0800 level and broke out as Conan had previously predicted. The pair appears to be at a loss as US dollar strength is sustained and risk appetite is fading. By maintaining a low level below the 34.89 2-day EMA, I expect EURUSD to have more selling opportunities with...
NZDUSD analysis 1 hour time frame The price can move up to the top of its 1-hour range and continue to fall from there.
Hi everyone, Ethereum price decreased on 7% after almost reached 4000 level. ETH dropped to 3700 support area and started to recover following Bitcoin rise and now there is a good spot to enter a long position as Ethereum remain to be bullish on ETF news. I opened ETH UP position at 3735 price with 10x leverage on Fybit trading platform. Target for this trade...
Dear traders! Gold experienced significant volatility yesterday with a sharp slide above the $2347 support level and reaching the $2334 mark in line with a classic bearish flag structure. At the time of writing the price is aiming to test the $2,325 mark amid a correction and sell-off supported by a firmer US Dollar and higher US bond yields. Diminishing...
Dollar Index nicely respected a key daily horizontal resistance. I see a double top formation on an hourly time frame and a confirmed violation of its neckline. I think that the market may drop at least to 104.43 before the news. ❤️Please, support my work with like, thank you!❤️
BUY ABOVE - 22500 SL - 22420 TARGETS - 22550,22600,22650 SELL BELOW - 22420 SL - 22500 TARGETS - 22350,22300,22230 NO TRADE ZONE - 22500 to 22550 Previous Day High - 22700 Previous Day Low - 22420 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
💹 Let's dive in and analyze MKR, a crypto coin that has recently shown significant growth. We'll update our previous analysis and check new triggers together. 🛡️ Weekly Time Frame Analysis: In the weekly time frame, MKR is one of the rare coins that has broken out of its box and started an upward trend, moving in tandem with Bitcoin. It has risen from $503 to a...
Dear traders! Earlier we saw the bulls' attempt to maintain a gradual rise towards the 1.0900 level. However, the Pair retreated after the unsuccessful attempt, mainly due to the strengthening of the US Dollar (USD), dragging EUR/USD to a new 5-day low near the 1.0820 region. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. With a positive outlook this...
Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity. Reasons are listed below : A notable breakout has occurred, as the stock successfully breaches...
Dear traders! From the chart, we see the trend changed then the market entered a consolidation phase and reached 1,269 amid changing sentiment. The resistance area continues to hold the price but in the context of the correction and sell-off I expect that after a test of the 34.89 EMA the price reaction to this area will be consistent with a target selling...