For the last weeks, Gold has been closely trading in between the diagonal support and resistance. The question now is: Where is it going next? We can expect a good Risk to Reward in both directions. I will wait for a break in a certain direction and wait for the retest afterward. More likely after the Higher inflation data and tensions in the Red Sea with the...
Hello dear friends, do you think USDJPY will increase or decrease today? Currently, the USDJPY currency pair is receiving quite good upward momentum with many factors supporting this recovery. - Regarding the first factor: USDJPY has completely exited the trend and the downtrend line shows that the strong momentum of buyers has returned. - Regarding the...
Hey Traders 👋 Quick update on GBPUSD. Remember the trade we rolled out on Monday? It clocked in a cool 30+ pips before taking a bit of a breather. Looks like it's not done yet. I'm seeing a solid chance for a continued push upwards. So, it's a new trade, but sticking with the same setup as before. The 1-hour chart shows a new wedge pattern and looking at...
MOEX:NKNC can give 150% in 1.5 years. Two scenarios possible, bot now I'm in the context of optimistic view. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
MOEX:ALRS reached a high of the building. But this is just an intermediate step to jump to the building much higher. To proceed with this plan, it will loose a part of capitalization for a while. Till 75 to prepare an opportunity for getting better impulse to the level of 107. Buy - 80-75 Sell - 100-110 Does not constitute a recommendation. #furoreggs...
Hey Traders! I'm currently eyeing GBPUSD as a solid buy opportunity. Here's why: we're seeing a clear uptrend, and importantly, it's just broken through a key monthly pivot point. What's more convincing is the formation of a 4-hour bullish engulfing candlestick pattern. Also, the 1-hour chart shows a double bottom that's successfully broken its neckline. After a...
After a four-day consecutive correction from the high point of $2,088 on December 28th, gold prices saw a slight increase on Thursday, reaching above $2,050. This indicates that the correction signal for a larger uptrend still receives some support, as technical studies in the daily chart remain in the main bullish trend. Gold continues to benefit from the...
It’s a wild ride in the world of currency! Recent news about UK inflation is turning heads. The British Retail Consortium (BRC) shared that retail prices climbed by 4.3% in the year leading to December. But wait, there's more! Food prices’ inflation slowed down to 6.7% from 7.8% the previous month. MUFG, the wizards of financial insight, pointed out that this data...
The EUR/USD, which is like the tag team of the Euro and the US dollar, didn't really do much when the December Fed minutes came out. It kind of shrugged and kept going down, hitting 1.0895, the lowest it's been since December 19th. That's like the slide at the park—it just kept going down. Traders seemed all about taking risks, and that made the EUR/USD pair keep...
Gold is poised to mark its first weekly decline in a month on Friday, as the U.S. dollar gains support from fading expectations of an early interest rate cut. Investors are eagerly awaiting a key employment report later in the day to glean further insights into the future of interest rates. The dollar index is on track to register its best weekly performance since...
Ah, the glittering world of gold! It's like a treasure hunt in a maze filled with news and whispers. Picture this: a Thursday morning where the gold market is as quiet as a library, all due to that sneaky non-farm payroll announcement peeking around the corner on Friday. It’s like everyone's holding their breath, waiting for that big news to drop, hoping it won't...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded near support level, which coincided with support area, but soon it declined below to support line of pennant. After this, EUR in a short time rose back, thereby making fake breakout of $1.0775 level and later it made upward impulse. Price...
Gold prices begin to fall, Spot gold fell from a high of $2,088 in late December amid a stronger U.S. dollar that took it to Wednesday's low of $2,031, from where it was struggling regain recently lost ground. The mid-December high of $2,048 is currently being tested, a move above this level would target the December 21 high, Friday and Tuesday lows at $2,055 to...
Gold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest...
The most recent survey from the Bank of England Decision Maker Panel (DMP) in December is likely to maintain a division within the committee regarding the outlook on interest rates. Those leaning towards a more cautious approach will highlight the ongoing decline in inflation expectations. The 1-3 year ahead expectations, calculated on a three-month average...
Spot Spot Gold's advance from its mid-December $1,974 per troy ounce low has briefly exceeded the 2020, 2022 and May 2023 highs at $2,070 to $2,082 by rising to $2,088 on Thursday before giving back some of its recent gains and slipping to $2,059 on Friday. Earlier today the precious metal resumed its ascent on increasing geopolitical tensions in the Res Sea and...
The $2,050 level stands out as a pivotal point, having demonstrated substantial resistance across multiple instances. This price threshold demands vigilant observation from market participants due to its historical significance. While the market seems to be inching closer to this critical level, it's essential to recognize a notable trend: the market tends to...
The Euro's dance with the US dollar last Thursday painted a curious picture - a spirited attempt to soar, only to stumble in the face of market fatigue, as if gravity suddenly remembered its role in the financial theatrics. This weariness isn't a solo act; it has accomplices. The Euro's recent surge stretched its limits, much like a rubber band pulled too far. And...