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USD/JPY: The Battle Between Resistance and SupportUSD/JPY is "battling" around the 143.695 level, with a significant "challenge" at 144.435 and a key "support" at 142.053. The EMA 34 and EMA 89 are acting as "shields" for the current trend. The RSI indicator at 58.71 suggests a balanced market, but a major move could be on the horizon. If the resistance at 144.435 isn't broken, USD/JPY could reverse and pull back towards 142.053. In terms of news: The Japanese Yen has depreciated, possibly due to weak trading conditions during Monday's holiday. BoJ Governor Ueda stated that the central bank will continue adjusting the degree of monetary easing as needed.
by Romio_pro
XAU/USD: Climbing Ahead of Psychological Resistance at $2661XAU/USD is climbing strongly, holding steady at $2619 with support from EMA 34 and EMA 89. The biggest challenge lies at the psychological resistance of $2661.470 – if broken, the next target could reach $2683.706. Traders can buy if the price breaks resistance or sell if it pulls back to support. Currently, the USD is struggling due to increased risk appetite and dovish expectations from the Fed. Traders are awaiting PMI data from both Europe and the US for new direction.
OANDA:XAUUSDLong
by Romio_pro
XAU/USD: Breakout or Pullback at Resistance?XAU/USD is "climbing" strongly, currently holding steady at $2622.235, shielded by two "barriers" of support from EMA 34 ($2585.142) and EMA 89 ($2558.524). If a pullback occurs, the $2579.829 zone will be a key "anchor." But don't overlook the resistance at $2655.663 – if this level is breached, it opens up new growth potential. Of course, "winds" from the FED and economic news could quickly shift the landscape. Be ready: Buy on a breakout or sell if the price retraces back to support!
OANDA:XAUUSDLong
by Romio_pro
2
Gold Awaits Fed's MoveXAUUSD is currently trading at $2,586, near the critical resistance level of $2,588.972. The upward momentum is still supported by the EMA 34 ($2,561.747) and EMA 89 ($2,536.316). However, if this resistance is not broken, the price may retrace to the support zone at $2,554.101. If the price holds above this level, gold could continue rising, aiming for the $2,614 mark. With the FOMC meeting scheduled for later today, the market is awaiting key interest rate decisions, which could cause significant short-term volatility in gold prices. Traders should closely monitor macroeconomic news signals to make informed trading decisions.
OANDA:XAUUSD
by Romio_pro
USD/JPY Braces for a Major Turnaround from the FedUSD/JPY is in a tense phase as it trades at 142.48, close to the key descending resistance line. After failing to break through the 143.569 resistance level, the pair is sliding down, like a car rolling downhill, aiming for 141.269. But is this the final stop? If USD/JPY cannot hold at 141.269, we might witness a further drop, potentially sliding down to the deeper support level at 139.786. With the market heating up ahead of the Fed meeting, uncertainty is on the rise. Traders are holding their breath — will the upcoming Fed meeting provide a push to lift this pair, or will it intensify the downward trend? Get ready for some potential market "shocks"!
Short
by Romio_pro
EUR/USD: Breakout or Pullback Amid Volatility?EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034. The widening Bollinger Bands signal that a wave of volatility could strike at any moment. RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory. If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034. The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
by Romio_pro
AUD/USD: Resistance Barrier and Breakout OpportunityAUD/USD is steadily climbing on its upward path, with a solid "wall" of support at 0.67365, well "guarded" by the EMA 89 and EMA 34. However, the biggest "obstacle" lies at the 0.68310 level – if it can't break through, the market might see a strong correction back to support. But if this level is breached with sufficient momentum, the sky could open up for further gains. Key factors like interest rates and inflation from the US and Australia will be the "big waves" impacting this trend. This is the time for traders to watch for clear market signals: sell if resistance holds or buy during a strong pullback to support!
by Romio_pro
EUR/USD: The Game Speeds Up Ahead of Fed’s Crucial HourEUR/USD is currently in a “pressure-cooker” phase as the price climbs to 1.11677, approaching the critical resistance level at 1.11916. The bullish momentum is like an arrow shot straight upward, but will it have enough strength to break through and reach 1.12444? Or is this the moment when the market prepares for a “reversal” towards the support at 1.11225? The EMA 34 and 89 are still holding the bullish trend intact, but don’t forget that this afternoon’s Fed meeting is a “ticking time bomb” for major volatility. With each interest rate announcement, the EUR/USD pair could either be “propelled” higher or experience a sharp “reversal.” Traders need to buckle up, as this event could trigger a strong breakout or potentially signal the end of the current upward movement.
by Romio_pro
GBP/USD Breakout Anticipation Near Resistance 1.33553GBP/USD is on the verge of a dramatic breakout! Currently trading around 1.32760, it's hovering just below the critical resistance level of 1.33553. If GBP/USD fails to break through this resistance, it may retreat to the support level of 1.32396 – a moment where the market holds its breath, awaiting decisions from the Fed and the Bank of England. Alternatively, the next target could be the high of 1.33893 – where investors are eagerly hoping for a leap forward. The game is heating up by the minute, and any news from these meetings could be the 'trigger' for significant volatility! Investors should stay vigilant as the market is about to enter a high-stakes scenario full of surprises!
Long
by Romio_pro
EUR/USD Awaits Fed Signals, Potential for CorrectionEUR/USD paused its short-term rally on Tuesday, remaining hesitant above 1.1100 as traders anticipate Wednesday’s Fed meeting. EURUSD is currently trading around 1.11302 after peaking at 1.11455. If it fails to break the strong resistance at 1.11455, the price may correct towards the support level at 1.10741, before recovering back to 1.11135. The EMA 34 (1.11029) and EMA 89 (1.10841) continue to support the uptrend, but indicators show signs of weakening. MACD convergence signals a potential short-term correction.
Long
by Romio_pro
USD/JPY Under Pressure, Facing Risk of CorrectionUSD/JPY is facing strong downward pressure, hovering around 141.56, with a downward trendline and key resistance at 142.541. The EMA 34 (141.56) and EMA 89 (142.97) are reinforcing the short-term bearish trend. If the price fails to break through this resistance, USD/JPY is likely to correct towards the support area and potentially drop further to 138.37. In terms of news, USD/JPY earlier dropped to 141.00 during the Asian session as the BoJ forecasted a rate hike, contrasting with the Fed's expected easing. This policy divergence places the pair at risk ahead of the Fed event.
Short
by Romio_pro
XAUUSD Hits Resistance, Awaiting Fed SignalXAUUSD is currently trading around $2,573, approaching a key resistance level at $2,587. If it fails to break through, the price may correct towards the support zone at $2,536 before a potential strong recovery. The EMA 34 ($2,557) and EMA 89 ($2,530) continue to support the uptrend, but with the RSI at 67.87, the market shows signs of being overbought, increasing the likelihood of a correction. Gold has attracted some dip-buying on Wednesday as rising bets on a 50 bps rate cut from the Fed test the recovery of the US dollar.
OANDA:XAUUSD
by Romio_pro
Axis BankAdjusted Target of Axis Bank. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:AXISBANKLong
by sreekumars
GBP/USD Faces Risk of Correction After Short-Term PeakGBP/USD is currently trading around 1.32206 after reaching a short-term peak at 1.32653. The main support level is at 1.31958, and if this level is not maintained, the price may correct to lower levels around 1.32232. The EMA 34 (1.31474) and EMA 89 (1.31174) still indicate a short-term uptrend, but selling pressure is also starting to form. Economic news from the UK and the US will be the key factors influencing the next move of this currency pair.
by Romio_pro
USD/JPY Under Bearish Pressure, Awaiting Fed DataDuring Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570. If the price holds above this level, it could see a recovery towards the resistance at 141.007. EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively. If USD/JPY breaks above the resistance at 141.007, the next target could be 142.896. The RSI is currently at 39.74, indicating that selling pressure remains dominant.
Long
by Romio_pro
Gold Faces Resistance at 2,588 USD, Awaiting Fed SignalsGold (XAUUSD) is currently trading around 2,577 USD, facing strong resistance at 2,588 USD. If it fails to break through this level, the price may correct down to the support zone at 2,530 USD. The 34 EMA and 89 EMA, located at 2,551 USD and 2,524 USD respectively, are providing support for the bullish trend. If the price holds above support, gold may continue its rise towards the 2,560 USD level. The RSI is currently at 75.42, indicating increasing selling pressure. The upcoming Fed meeting decisions will play a crucial role in influencing gold prices.
OANDA:XAUUSDLong
by Romio_pro
1
GBPUSD Faces Resistance at 1.32112 USD, Awaiting CorrectionCurrently, GBPUSD is trading around 1.31552 USD after breaking out of the descending price channel. The key resistance at 1.32112 USD presents a significant challenge for the upward trend. The EMA 34 and EMA 89 lines indicate that the short-term upward trend remains intact, though a correction may occur as the price reaches this resistance level. Upon hitting this resistance, the price may pull back to 1.31537. Investors are awaiting the upcoming Fed meeting and key economic data from the UK, both of which will significantly impact the future trend of GBPUSD.
Long
by Romio_pro
2
USD/JPY Falls Below 141.00 Due to Fed-BoJ Policy DivergenceUSDJPY is in a downtrend, trading around 140.908 after breaking the support level at 140.500. The EMA 34 and 89 lines indicate that selling pressure remains dominant. If the price rebounds from this support, the short-term target will be 142.307. Otherwise, if the support breaks, the price may drop to 139.175. Regarding news: USD/JPY continued to weaken below 141.00 in Friday's Asian session, driven by the policy divergence between the Fed and BoJ, which supported the Yen. Attention now shifts to U.S. sentiment data.
Short
by Romio_pro
USDJPY Faces a Downtrend with Target at 135.492The USDJPY chart is showing a strong downtrend after reaching a peak in July. Currently, the price is trading around 142.67 with a clear descending wedge pattern forming. Strong resistance lies at 147.537, while the projected downside target is 135.492. The EMA 34 and EMA 89 both indicate a downward trend, confirming selling pressure. In terms of news, U.S. economic factors, especially the CPI report, are having a significant impact on the USD. If inflation decreases, the USD may weaken, allowing USDJPY to continue its downtrend toward lower levels.
Short
by Romio_pro
1
Gold Hits 2,570 USD Peak, Support at 2,521 USDGold is currently trading around its all-time high near 2,570 USD after a strong rally fueled by rising expectations of a significant Fed rate cut. The 34 and 89 EMA lines show that the upward trend is still intact, though a short-term correction is possible. Key support levels lie at 2,501 USD and 2,521 USD, where investors may find buying opportunities. Gold could rise to the 1.618 level, where it will face psychological resistance before continuing upward towards the next target at 2.618.
OANDA:XAUUSDLong
by Romio_pro
3