Today, USDJPY saw a modest uptick, inching closer to a resistance level, with the current price standing at 150.741. This marks the fourth attempt by USDJPY to breach this particular resistance, technically primed to reach a multi-month high. Amid a strong US dollar, the Japanese Yen is losing ground as the Bank of Japan appears to falter or is unlikely to fulfill...
Today, the USDJPY experienced a dramatic plunge. Prices tumbled relentlessly from a peak of 150.844, settling around 149.789 after a tumultuous half-day. A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the...
The GBP/USD pair has broken away from the recent lows around 1.2620, rallying to 1.2660 at the start of the Asian trading session on Thursday. A renewed demand for the US Dollar (USD) ahead of significant events in the US is putting pressure on the major GBPUSD currency pair. Investors are now eagerly awaiting the release of the US Personal Consumption...
Hey lovely traders! The GBP/USD is fluttering around 1.2680 this Wednesday, as the markets eagerly await a fresh impulse from the Federal Reserve, with investors slowly stepping back from high-rate cut bets. This week's spotlight is on the U.S.'s GDP and Personal Consumption Expenditures (PCE) inflation data release. The UK's data front is a bit quiet this week,...
EUR/USD hovers around the 1.0850 mark, showcasing a steady demeanor following Tuesday's lack of significant catalysts to sway the pair in any definitive direction, especially after U.S. Durable Goods Orders in January fell more than expected. The market's gaze is now fixed on the upcoming release of the latest U.S. Gross Domestic Product (GDP) data later...
In the trading landscape of Tuesday in North America, gold witnessed a modest uptick, yet remained confined within a narrow range, reflecting a certain cautious sentiment in the market. The primary catalyst behind this growth was a slight decrease in the yield of U.S. Treasury bonds, casting a dim light on the U.S. Dollar. This is evidenced by the U.S. Dollar...
As we've moved through the first half of the trading day, gold has seen little change, hovering around $2028 USD and capped below the resistance level of $2035 USD, also showing signs of a double top pattern (indicating potential for a price decrease). Selling gold at this juncture seems to be a favored strategy, targeting profits at the support level of $2017...
Greetings to all Traders! Today, the EURUSD pair continues its upward trend, maintaining a strong position above the 1.084 level during the early trading hours of Tuesday. As long as the EUR/USD remains above the 34 and 89 Simple Moving Averages (EMAs), the outlook for this currency pair remains constructive. Looking at the 4-hour chart, a gradual return to...
Hello dear colleagues, what do you think today's closing price for gold will be? Last night, gold dipped despite a significant drop in the USD. Normally, a weaker USD supports a rise in gold prices. However, the last session defied market norms with the USD decline attributed to forecasts showing a drop in U.S. durable goods orders from 0% last month to -4.7% for...
Hello everyone, the GBP/USD pair has extended its upward momentum, trading below the psychological barrier of 1.2700 during the early Asian session on Tuesday. The FOMC minutes revealed that the Fed has reemphasized its data-driven approach, leading to a more dovish outlook, which weighed on the US Dollar (USD) and provided favorable winds for this currency...
Dear friends, yesterday's gold trading session was quite calm, with no significant fluctuations occurring. As of now, the price remains steady around $2033, firmly above the support level of $2025. Looking into the short and medium term, the upward momentum of gold is still viewed positively. Based on today's chart, the two main targets for buyers are...
Hello dear friends, today GBPSUSD continues to achieve a winning streak during the recovery process with a trading level of about 1,266 and is in the upward price channel with stability. It is expected that the price will continue to recover after the correction and reach the lower limit of the price increase channel and retest the EMA 34, 89
The EUR/USD pair is trading with a calmer trend as the US dollar (USD) sees a modest recovery in the early Asian trading session on Monday. Attention this week will be drawn to the US's January PCE inflation data, which could introduce volatility into the market. At the time of writing, EUR/USD is trading at 1.0819, marking a slight decrease of 0.03% for the day,...
Dear friends, Today, the USDJPY has continued to face resistance below the 150.750 mark during the early trading hours of the new week. This pair is experiencing a decline due to falling U.S. Treasury yields amidst cautious sentiment and concerns over forthcoming U.S. inflation data. Nonetheless, the recent strength of the U.S. Dollar could limit the downside...
Hello traders, what are your thoughts on GOLD? Gold has seen support and growth upon reaching the bottom of its descending channel. It is anticipated to retreat back to the channel's bottom after encountering the resistance area. Let's stay tuned for market news to gain clearer insights. If you find this post useful, don't forget to like and leave your comments.
Greetings to all dear colleagues, let's delve into and strategize for XAUUSD this week together! As the trading session kicks off, gold is showing remarkable stability, priced around $2033, virtually unchanged from its last closing figure of $2035. Looking into the forecast: From a technical analysis standpoint: The Bollinger Bands are highlighting two...
Greetings, fellow traders! What are your predictions for the EURUSD trend in the coming period? Currently, EURUSD has paused its trading activities, settling at a level of 1.081. Last week was notably favorable for the bulls, with the price consistently supported and ascending from a newly established support level at 1.070. This upward movement is attributed to...
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...