Get started

[b]forex

Will Gold Break a New Record?Hello everyone, Alisa here! Will gold prices maintain their upward momentum today? Let’s analyze it together! Escalating tensions in the Middle East have raised concerns about a larger-scale conflict, prompting investors to turn to gold as a safe haven. Additionally, better-than-expected U.S. labor market data has increased expectations for the Fed to continue its loose monetary policy, thereby supporting the rise in gold prices. Looking at the technical chart, gold is moving within an upward channel, indicating that the positive trend is still intact. The 2,540 support level serves as a solid foundation, providing momentum for a new rise. The stable alignment of the 34 and 89 EMAs further strengthens investor confidence. With these supporting factors, the short-term target of 2,700 is entirely feasible. What about you? What do you think about gold prices today? Let me know your thoughts!
OANDA:XAUUSD
by Alisa_Rokosz
BTCUSDT : The uptrend channel is still in place.BTCUSDT has experienced a decline as it approached the resistance level of 64,500 USD. However, looking at the technical picture, the uptrend remains steady, with the parallel price channel still intact and no signs of reversal from the 34 and 89 EMA. With these carefully analyzed factors, we should consider re-entering buy positions when the price hits the lower boundary of the channel. That said, this is merely a trading idea, so exercise caution. If the price breaks the channel, it’s time to shift your strategy to sell with the trend. Wishing you successful trades! And don’t forget to share your thoughts on this analysis below!
Long
by Suyouu
2
EUR/USD: Break $1.12009 Resistance or Correct?The EUR/USD chart from September 26 reveals a dramatic race between buyers and sellers. After reaching $1.11540, all focus is now on the tough resistance at $1.12104 — the barrier that will determine whether EUR/USD can continue to break out. The support level at $1.11172 acts as a strong shield, maintaining the upward momentum. If this resistance is broken, the pair could unlock potential for new highs. In this context, any shifts from Fed statements or Eurozone economic data could dramatically alter the outcome.
Long
by Romio_pro
EUR/USD Likely to Decline: Is This an Opportunity for Investors?Hello everyone, I’m Alisa. Today, let's take a look at the situation of the EUR/USD currency pair! Today, EUR/USD was unable to maintain its recovery momentum and continued to fall to the 1.1140 level. This pullback during the short-term consolidation occurred as the market pivoted, driving the U.S. dollar higher. Looking at the technical chart, it's highly likely that the price will hit the support level at 1.100 and then rise to test the resistance at 1.118. If it fails to break through this resistance, the price may reverse and fall again. Investors should closely monitor technical indicators and economic events to find trading opportunities. So, what do you think about the outlook for the EUR/USD pair in the near future? Will the Euro recover or continue to weaken? Feel free to share your thoughts!
by Alisa_Rokosz
EURUSD: Bulls need validation from 1.1200 and Fed Chair PowellEURUSD is gaining support after falling from a 14-month high, as buyers wait for comments from US Federal Reserve (Fed) Chairman Jerome Powell. Upside remains favored The EURUSD pair is holding above a two-week rising support line and the 200-SMA, along with an upward trend line from late June, which keeps buyers optimistic. The steady RSI (14) also indicates a slow upward movement. Technical levels to watch Even with key support levels helping the EURUSD pair and the RSI suggesting an upward trend, the bulls may struggle to break through the horizontal resistance around 1.1200. If they succeed, the next targets could be the 50% and 61.8% Fibonacci Extensions (FE) of the pair’s August-September moves, respectively near 1.1215 and 1.1265. The previous yearly high around 1.1275 is a crucial point for the bears; if that breaks, prices could reach the 2022 peak of 1.1495. Meanwhile, EURUSD sellers should look for a clear drop below the immediate rising support line around 1.1125 to enter the market. However, the 200-SMA and a three-month trend line near 1.1080 and 1.0950 will be important obstacles for sellers. If the price stays below 1.0950, it could fall further toward the previous monthly low of 1.0780. Charts, Powell in the spotlight Along with the technical factors, comments from Fed Chair Powell will be important for EURUSD bulls. The recent rise is driven by market expectations of two more 0.50% rate cuts from the US central bank in 2024. If Powell dismisses these expectations, which seems unlikely, a downward reversal in Euro prices could happen.
by MTradingGlobal
1
EUR/USD: Break $1.1253 Resistance or Await a Pullback?EUR/USD is currently climbing around $1.11950, strongly supported by two solid "fortresses" at EMA 34 and EMA 89, located at $1.11390 and $1.11107. A clear uptrend has formed, with solid support at $1.10864, ensuring the momentum remains intact. The key focus now is on the critical resistance at $1.1253 — the gatekeeper determining whether the uptrend can break through to new highs. With significant economic factors from the US and Europe on the horizon, including key Fed speeches and PMI data, the market may experience sharp volatility. Traders should be ready for action: will you seize the breakout opportunity or wait for a pullback to enter at an optimal level? Opportunity favors the prepared!
by Romio_pro
XAU/USD: Historic Breakout or Awaiting a Pullback?Gold prices continue to shatter records, reaching an all-time high of $2,664, fueled by declining consumer confidence in the US, weakening Treasury yields, and a softer US dollar. Two strong support levels at $2,629.123 and $2,613.812, protected by the EMA 34 and EMA 89, act as shields for gold’s bullish momentum. However, the biggest hurdle remains the resistance at $2,685.993 – the key level that will determine whether gold can continue its upward climb to new heights. If the price breaks through this resistance, the potential for further gains looks promising. Meanwhile, economic news from the US and statements from the FED could change the game at any moment. Traders, be ready – opportunities like this don’t come twice. Get set for a powerful breakout!
OANDA:XAUUSDLong
by Romio_pro
BTCUSD: Prospects for continued growthBTCUSD has pulled back after hitting resistance at 64,500 USD, but the overall uptrend remains intact. The key support zone is around 60,000–61,000 USD, which could act as a springboard for a price rebound. If the price holds above this level, there is a strong possibility of a bullish move back to 64,500 USD and potentially higher. The uptrend will be reinforced if buyers step in at the support zone, driving momentum for a longer-term rally. Bullish idea: Wait for the price to touch the support, bounce, and confirm the uptrend, then consider buying when it breaks above 62,500 USD.
BITSTAMP:BTCUSDLong
by Suyouu
The Growing Attraction in a Volatile WorldThe gold price chart shows a clear upward trend since the beginning of September, with the EMA 34 and EMA 89 both signaling a strong upward momentum. The weakening of the USD, along with global economic stimulus measures and political tensions, have pushed gold prices higher. Especially in the context of major central banks around the world - from the US to Europe, and the People's Bank of China - all spreading monetary support packages like spring rain, further fueling the desire to invest in gold. Gold remains a safe haven and attractive asset in the current unstable context. Investors need to closely monitor market developments to seize opportunities and adjust strategies promptly.
OANDA:XAUUSD
by Alexander_FXTrading
Gold: The Fever Shows No Signs of Cooling DownHello everyone, it's Alisa again. Will gold go up or down today? Let’s analyze it together with Alisa! Despite facing strong profit-taking pressure, gold prices have remained at an all-time high. This suggests that investors are still optimistic about the possibility of further rate cuts by the U.S. Federal Reserve in the near future, especially after the latest inflation data was released. Looking at the technical chart, the trend is still upward, and the 34 and 89 EMAs are running steadily with no signs of reversal. With support at 2,626, this precious metal continues to rise, targeting the 2,688 mark. Alisa thinks this precious metal will soon break its record high and aim for 2,700. What do you think about gold’s movement today?
OANDA:XAUUSD
by Alisa_Rokosz
Gold Price Analysis September 25Fundamental Analysis Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve. Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors. The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices. Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal. Technical Analysis Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone Trading signals BUY GOLD zone 2650 SL 2645 BUY GOLD zone 2640 SL 2635 SELL GOLD zone 2670 SL 2675 SELL GOLD zone 2680 SL 2685
OANDA:XAUUSD
by TVS-Trader
Has the golden opportunity to buy BTCUSDT arrived?Hello everyone, Alisa here. This Wednesday, let’s take a look and analyze the EUR/USD pair together! Currently, BTCUSDT is still maintaining a strong upward trend, with the trading level around 63,819. Looking at the chart, the bullish momentum is quite clear. With support at 63,798, Bitcoin has the potential to continue rising and meet resistance at 64,585. If it breaks this resistance level, the price could surge even higher, reaching expectations above 65,000. In my opinion, this could be a good time to consider a buy order or wait for a better entry point. What about you, what do you think?
by Alisa_Rokosz
USD/JPY: Which trend is dominating?Hello, I’m Alisa. Today, let's analyze the movements of the USD/JPY pair together! Although the USD/JPY pair is maintaining stability around the 143.91 level, pressure on this pair may increase due to rising expectations that the Fed will implement a significant interest rate cut in November, combined with the Bank of Japan (BoJ) continuing to delay raising rates. From a technical chart analysis, the USD/JPY pair remains within a downward price channel. The price could drop to the support level of 143.190, and while there might be a slight rise, the price is likely to quickly adjust downward again upon facing resistance at 143.958. This is my analysis, what’s your opinion?
by Alisa_Rokosz
Weakening of the USD: Will EUR/USD continue its uptrend?Hello everyone, Alisa here! Today, let’s analyze the EUR/USD currency pair together! The weakening of the Greenback, amidst growing speculation about a significant rate cut by the U.S. Federal Reserve (Fed) in November, has strongly supported the EUR/USD pair, pushing it up to 1.1193. Looking at the technical chart, we can see that both the EMA 34 and EMA 89 have experienced a crossover, which is a positive sign that the uptrend may continue. Additionally, with support at 1.115, this pair could break through the resistance at 1.119 and continue to rise. However, if it fails to break this resistance level, the price may reverse back to the nearest support level. This is my opinion, what about you? Do you think this pair will rise or fall?
by Alisa_Rokosz
EMAs Support Bullish MomentumEUR/USD is showing signs of recovery, with the price trading near the resistance at 1.1200. The 34 EMA and 89 EMA have both undergone a crossover phase, which is usually a positive signal, suggesting that the bullish momentum could continue. The current chart shows the pair breaking out from lower levels, heading towards the resistance levels above. Based on the current EUR/USD chart and the bounce from recent support levels, the prediction is that the pair could continue to rise in the short term. The crossover of the 34 EMA and 89 EMA, coupled with the price currently testing the resistance zone around 1.1200, suggests that the bullish momentum could continue. If the price successfully breaks above 1.1200, the next target could be the 1.1250 area.
by Alexander_FXTrading
GBPUSD: Overbought RSI, key resistance test buyersGBPUSD bulls are pausing at their highest level since February 2020, marking six days of gains despite a slow market atmosphere. That said, the Pound Sterling is facing a liquidity squeeze as we approach key data and events this week, which could impact its upward momentum at these multi-month highs. Pullback appears imminent but bulls can keep the reins Apart from the market’s anxiety ahead of this week’s key catalysts, the overbought RSI (14) line and a 10-week-old ascending resistance line, close to 1.3430 at the latest, suggest consolidation in the GBPUSD prices. Important technical levels A pullback in GBPUSD seems likely, with key short-term support levels at the 61.8% and 50.0% Fibonacci extensions of the quote’s August-September moves, respectively near 1.3375 and 1.3300. However, the previous monthly high near 1.3265 and the 21-SMA at 1.3190 are important, as they align with the bottom of a bearish wedge pattern near 1.3140, which could act as a final defense for buyers. On the flip side, for buyers to regain control, they need to break through the 1.3440 resistance. If they succeed, GBPUSD could target the February 2022 peak of around 1.3645 and the 2022 high of 1.3748. A sustained move above 1.3750 could even lead to a challenge of the psychological level at 1.4000. All eyes on US data/events Technical indicators for GBPUSD suggest a pullback may be on the horizon, even as recent U.S. factors favor ongoing Federal Reserve rate cuts throughout 2024. Therefore, key insights from Fed Chairman Jerome Powell’s speech on Thursday and the U.S. Core PCE Price Index— the Fed’s preferred measure of inflation—on Friday will be vital for determining the market's direction.
by MTradingGlobal
Gold prices are skyrocketing: will they break a new peak?Gold prices are skyrocketing; will they hit the $2,700/ounce mark? Hello everyone, Alisa here! How are gold prices doing this Wednesday? Let’s explore together! Today, global gold prices continue to soar, reaching a new peak of $2,662/ounce. The continuous rise of this precious metal is driven by expectations that central banks will continue cutting interest rates, along with escalating geopolitical tensions in the Middle East. Looking at the chart, the price remains in an upward channel. With support at $2,555 and the EMA 34 and 89 lines holding steady, this further strengthens the bullish trend for gold. I believe gold could surpass $2,700/ounce as early as the end of this week, if tensions in the Middle East continue to escalate and more news about interest rate cuts emerges. Do you agree with me?
OANDA:XAUUSD
by Alisa_Rokosz
Catching the Uptrend Amid Expectations of Interest Rate CutsIn the context of the global economy witnessing major adjustments from central banks, gold prices continued to experience a spectacular week of price increases, reaching a new record high. The main reasons were the weak dollar and the continuous decline in US Treasury bond yields, combined with the tense geopolitical situation between Israel and Hezbollah. At the end of the trading session on September 23 at Kitco, gold recorded a price of 2,625.00 USD/ounce, slightly up 3.60 USD. The market is waiting for new signals from the US Federal Reserve (Fed) this week, especially the upcoming speech of Chairman Jerome Powell, along with the announcement of PCE price index data, an inflation measure that the Fed is particularly interested in. Technical analysis from the current chart shows that gold is trading right at a key resistance level, with a strong upside momentum supported by the 34 EMA and 89 EMA, which are acting as key support levels. Given the current economic and geopolitical factors, gold could continue its upward momentum if the upcoming monetary policy meetings of the Fed and other central banks yield further monetary easing decisions. Further rate cuts could further strengthen the buying interest in gold as a safe-haven asset. If gold breaks the current resistance level, the next target could be around $2,700/oz. In case the price falls below the supporting EMAs, one needs to keep a close eye on the support level at $2,560/oz, which could provide an ideal entry point for long positions.
OANDA:XAUUSD
by Alexander_FXTrading
XAU/USD: Breakout or Upcoming Correction?XAU/USD is climbing strongly, supported by two solid "fortresses" of EMA 34 and EMA 89, as buyers proceed cautiously after reaching a new peak amid mild overbought conditions. The biggest challenge now is the resistance at $2632 – if breached, the bullish momentum could accelerate further, unlocking the potential to reach new highs. The “winds” from upcoming economic data from the FED and key news from the US and Europe will be the “key” to determining the next direction. Traders should be ready to seize opportunities: buy on the breakout or consider selling if the price pulls back for a correction!
OANDA:XAUUSDLong
by Romio_pro
Will Bitcoin break through to $68,000?Hello everyone, I'm Alisa. Let's analyze the movement of BTCUSDT together today! Bitcoin is continuing its impressive upward momentum, currently hovering around $63,550 and is expected to soon reach $65,000. This demonstrates growing investor interest, the increasing acceptance of Bitcoin as a store of value, and the strong development of decentralized finance (DeFi) applications. On the technical chart, the $64,323 resistance level poses a significant challenge to Bitcoin's upward trend. If Bitcoin can decisively break through this resistance, it will confirm the current bullish trend and open the door for the price to move towards the $68,315 target. What about you? What are your predictions and strategies for BTCUSDT’s next moves? Share your thoughts!
by Alisa_Rokosz
BoJ Delays Rate Hike, Japanese Yen Faces Downward PressureHow's everyone's Tuesday going? Today, let's join Alisa in predicting how the USD/JPY pair is moving. The Japanese Yen is facing significant downward pressure, primarily due to market concerns that the Bank of Japan (BoJ) is not in a hurry to raise interest rates. Additionally, although the Yen remains more stable against the USD, expectations of the Fed cutting interest rates are also contributing to the Yen's weakness. According to the technical chart, if the price fails to break through the resistance level of 144.290 USD/JPY, it is likely to correct down to the support zone at 143.290 USD/JPY. Traders should be cautious and set appropriate stop-loss orders to mitigate risk. These are Alisa’s thoughts. Do you agree with me?
by Alisa_Rokosz