SroshMayi

SroshMayi Updated 

Gold Prices Dip Ahead of Crucial US Inflation Data Gold prices edged lower on Monday, with investors positioning themselves cautiously as they await upcoming U.S. inflation reports. These reports are expected to provide further insights into the Federal Reserve's potential timing for its initial rate cut. The U.S. producer price index (PPI) data is scheduled for...

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USDCAD The Canadian Dollar is exhibiting a bearish trend as long as it remains below 1.3678, with targets set at 1.3628 and 1.3612. A reversal and stabilization above 1.3689 would indicate a shift to a bullish trend, potentially extending up to 1.3732. The pivot price is established at 1.3689, Resistance levels at 1.3732, 1.3773, and 1.3825. Support levels...

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New Zealand Dollar Weakens as Inflation Expectations Hit Two-Year Low In early European trading on Monday, the New Zealand dollar declined against the US dollar and lagged behind most other major currencies after reports indicated that business inflation expectations for the current quarter had dropped to their lowest level in two years. Technically : The price...

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The price is nearing the resistance level at 18250, beyond which it is poised to initiate a bearish trend as long as it remains below this threshold, targeting 18095 and potentially extending down to 17950. Conversely, the primary bullish scenario would entail breaching the 18250 by closing a 4-hour candle above it, paving the way for an ascent towards...

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U.S. Index Futures Edge Higher After Weeks of Gains Futures for major U.S. stock indexes saw a modest increase on Monday, building on several weeks of consecutive gains. Investors are now focusing on key inflation data due later this week, which will help determine the likelihood of interest rate cuts within the year. The price is anticipated to continue its...

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Dow Jones New Forecast The price moved as our previous idea and reached our target perfectly. The price of DowJones has a bullish pressure, so it will start a bullish trend toward 39010 and 39075, breaching 39075 means a continuation of a bullish trend toward 39285 otherwise closing 4h candle under 38820 will move under the bearish effect toward 38660 Pivot...

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SPx New Forecast The price reversed and stabilized at the bullish zone because already at the pivot line which is 5120, so stability at this area means will continue the bullish trend to get 5177 and then will move between 5177 and 5120 till breaking should stable under the pivot zone which is between 5120 and 5103 to be downtrend till 5080 Pivot Line:...

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USNAS100 The price could stabilize within the bullish zone after breaching the pivot line at 18095. It is now poised to test the 18250 and is expected to oscillate between 18095 and 18250 until a breakout occurs. Should it surpass 18250, a bullish trend towards 18400 is anticipated. Conversely, stabilization below 18090 could signal a bearish trend down to...

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GBPUSD: The price encountered a robust resistance trend and subsequently rebounded. Should the price remain below 1.2820, it is indicative of a bearish trend with a target set at 1.2692. Further downward movement may lead to the next level at 1.2620. Conversely, stabilizing above the pivot line at 1.2820 signals the initiation of a bullish trend, with targets...

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Pound Sterling Climbs After UK GDP Outperforms Expectations in March During early European trading on Friday, the Pound Sterling advanced against a broadly stronger US dollar, gaining ground against multiple currencies following unexpectedly robust UK GDP data for March and the first quarter. According to figures released by the Office for National Statistics on...

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Ahead of data releases and speeches from Federal Reserve officials, the price has risen. The Dow Jones maintains its bullish momentum, targeting a rise to 39610, with the potential to extend gains to 39850 should it surpass this threshold. Should the price stabilize below 39465, it is expected to decline to 39320, and a breach of this level could lead to further...

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S&P 500 INDEX OANDA:SPX500USD New Forecast The price has breached the resistance zone and continues its upward trajectory, aiming to reach 5249. We anticipate a minor correction to 5225 before the price ascends further towards 5249, and potentially beyond to 5280. Conversely, a consolidation below the levels of 5224 and 5218 could indicate a downward movement...

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Gold Surges to Two-Week High Amid Anticipation of Federal Reserve Rate Cuts Gold climbed to its highest level since the late April downturn, buoyed by growing optimism for potential Federal Reserve interest rate reductions, declining treasury yields, and a weakening U.S. dollar. Investor sentiment has been uplifted by a surge in U.S. initial jobless claims,...

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EURUSD New Forecast The price will try to get 1.0792 and then should break that to continue the bullish trend till 1.0872 otherwise, the bearish trend will start by breaking the breakout line which is between 1.0730 and 1.0700 toward 1.0656 and 1.0614 Pivot Price: 1.0735 Resistance Levels: 1.0792, 1.0872, 1.1000 Support Levels: 1.0656, 1.0613, 1.0577 The...

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According to Brent Donnelly of Spectra Markets, the US dollar appears increasingly susceptible due to a combination of heavily skewed speculative positions and early signs of softening in certain US economic indicators. Last week, the USD saw a general decline following a surprisingly dovish Federal Open Market Committee (FOMC) meeting. The Fed indicated a more...

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The price action has aligned precisely with our previous projection, successfully achieving our designated target. Currently, the price is oscillating between 39075 and 38820. There is a potential for the price to initially touch 38820. It is critical to monitor the closing of either a 4-hour or 1-hour candle below this level, as such a closure would indicate a...

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GOLD New Forecast Gold prices remained steady on Thursday amid quiet trading, with many European markets closed for a holiday. Investors are awaiting U.S. data that may provide insights into possible interest rate cuts by the Federal Reserve. technically: As previously forecasted, the price has declined and reached our target level of 2037. Currently, the...

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USNAS100 New Forecast The price should break the resistance trend which is 18095 to continue the bullish trend till 18250, but otherwise, it should break 18030 and 17990 to start a bearish trend till 17940 and under it 17795 so now will move between 17790 and 18140 till breaking pivot line: 18030 Resistance Price: 18140, 18250, 18480 Support price: 17940,...