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GBP/USD Strong Bearish TrendWith the price moving below both the Bollinger Bands and the SMA. The expansion of the Bollinger Bands indicates that volatility is increasing, a typical sign in a deep downtrend. The pair has been in a downtrend since October, with new lows being set continuously. The closest support level we can observe is around 1.25730, which the price has recently touched. A break of this level could lead to a further decline, while a positive reaction here could provide an opportunity for a short-term technical recovery. In the current market environment, based on what I see from the charts and my understanding of the economic factors affecting GBP/USD, my personal view is that the downtrend of the pair is likely to continue. The increased volatility and the price continuously setting new lows are clear signs that selling pressure is taking over. I expect that any price recovery will likely be quickly sold off in the current downtrend. Upcoming economic events and policy statements from Central Banks may provide additional data to assess the pair's outlook in more detail, and I will continue to monitor closely and adjust my trading strategy accordingly.
by Maria_aaa
Sideways Trading Amid Lack of TrendOn the 1-hour chart of EUR/USD, the price is trading between the 34 and 89 EMAs, indicating a sideways market in the short term. The lack of a strong uptrend or downtrend suggests that investors may be waiting for more data or news that could impact the euro or dollar. From my technical analysis perspective, the market looks like it will continue to trade in the current range until there is more economic data or important political events to establish a clearer trend.
by Maria_aaa
Gold Fluctuates: Geopolitical and Inflation ImpactThe 4-hour gold chart clearly shows the volatility caused by geopolitical and economic events. Gold prices have recovered from lows due to inflation concerns from the new US tax policy, indicating that safe-haven demand for gold remains strong. Currently, the key support level is at $2,603/oz, with resistance at $2,634/oz. Any break of these two levels will indicate the next direction for gold prices. Market Comment: Based on technical analysis and current situation, I expect gold prices to increase in the short term. Inflation concerns from the new US tax measures could weaken the USD, supporting gold prices. If prices hold above $2,603/oz and continue to react positively, I expect a further rally, possibly reaching or exceeding $2,634/oz.
OANDA:XAUUSD
by Maria_aaa
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel. Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area. From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline. Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
by Maria_aaa
New Gold Mine in China: Aftershocks in the Gold MarketWhen analyzing the daily gold chart, I noticed that a long-term uptrend has been reversed with a clear break below the rising channel line. This tells me that the market may be preparing for a new bearish phase. This decline occurred even as there was news from the US and other major economies on inflation and monetary policy, which would normally have a strong impact on gold prices. In addition, China's discovery of a gold mine with estimated reserves of over 1,000 tonnes in Hunan province is not only a geological event but could also be a major mover in the global gold market. With gold prices failing to hold the 34 EMA and falling further, the next support area I see is around $2,520 to $2,560/ounce. This will be a key point to see if gold will continue its downtrend.
OANDA:XAUUSD
by Maria_aaa
Deep Downtrend and Gap AnalysisThe GBP/USD 4-hour chart shows a clear downtrend, with price consistently moving below both the 34 and 89 exponential moving averages (EMAs), which is a clear indication of the strength of the current downtrend. These EMAs are also acting as strong resistance levels, preventing any further price recovery. From the chart, it appears that a gap has been created during the price decline. In the short term, if price starts moving back to “fill the gap” and breaks above this level, it could signal a reversal or at least some stabilization before resuming the current trend. However, if price continues to fall and fails to return to fill the gap, this would further reinforce the downtrend and could test lower support levels.
by Maria_aaa
Gap Analysis and Gap Filling PotentialThe EUR/USD chart shows a gap, which occurs when the price jumps across a certain range without any trading taking place between the two prices. Currently, the price pattern suggests that there is a possibility of a gap filling, meaning that the price could move back to fill the gap in the near future. This usually happens when the market reacts to a sudden and unsustainable price move. The gap filling is likely to occur if EUR/USD continues to decline and approaches the key support level at 1.0400, a point where many traders may use to re-price or place new buy orders. This is an important move to watch, as it could influence the short-term trend and momentum of the market.
by Maria_aaa
Gold Rebounds Strongly After US ElectionThe current chart shows that gold has made an impressive recovery after two consecutive weeks of losses, with a clear increase, marking an increase of $135/ounce in the past week. This comes amid a gradual replacement of the pessimism following Donald Trump's election victory by renewed optimism among traders and experts. Through chart analysis, it is clear that gold is in a strong recovery process. The short-term EMA has crossed above the long-term EMA, indicating a positive trend reversal. This is in line with the results of the latest Kitco News survey, where the majority of experts (89%) and retail traders (66%) predict that gold prices will continue to rise in the coming week. Looking ahead, I expect this optimism to continue to support gold prices, at least in the short term.
OANDA:XAUUSD
by Maria_aaa
Gold Surges: Political Momentum and New OutlookAmid the escalating Russia-Ukraine conflict, gold witnessed a sharp increase in price, closing at $2,716/ounce, reflecting strong demand for safe-haven assets. This recovery was evidenced by the price of gold breaking above both the 34 and 89 EMAs, indicating a reversal from the previous downtrend and opening up a positive outlook for prices in the short term. I assess that global political factors along with the upcoming US economic policy will continue to be the main factors affecting gold prices. Investors should pay attention to these developments when making investment decisions in the current context.
OANDA:XAUUSD
by Maria_aaa
EUR/USD Faces Strong Bearish Pressure: Is 1.0390 a Stop?The EUR/USD chart is currently showing a clear bearish trend as the price continues to stay below both the Bollinger Bands and the SMA. In particular, the downward cross of the SMA by the price line indicates that the bearish momentum is still very strong. From a technical perspective, the next important support level could be at 1.0390, if the downtrend continues. It will be important to monitor whether EUR/USD can stabilize and recover at this level, or if it continues to decline. The recovery could be difficult as the short-term moving average (SMA) and the Bollinger Bands are still above the current price, forming strong resistance. Overall, the current trend shows challenges for the euro, and I will continue to closely monitor the technical indicators to adjust my trading strategy accordingly
by Maria_aaa
EUR/USD: Bearish Pressure Continues, 1.0560 Is KeyEUR/USD on the 1-hour chart is currently showing signs of a slight recovery from the lows around 1.0520. However, the main trend is still tilted to the downside as the EMA 34 and EMA 89 continue to lie above the price, reflecting that selling pressure has not abated. Personally, I think the bearish trend is still dominant and the 1.0560 area will be the deciding point whether the exchange rate can continue to recover or not. If it fails to overcome this resistance area, the possibility of EUR/USD continuing to fall to the 1.0520 area and even deeper is very high.
by Maria_aaa
Will $2,640 Hold Amid Volatility?After a strong rally, gold is facing some downside pressure from its new highs. Specifically, the daily chart shows that gold has hit a key resistance level at $2,678/oz and is currently showing signs of a slight recovery. Personally, I believe that gold is still in the accumulation phase after a strong rally, and the selling pressure may not be over yet. The next important support level to watch is $2,640, which corresponds to the 0.618 Fibonacci level. This will be the deciding point whether gold continues its downtrend or starts to recover. If gold fails to hold this support level, we could see a deeper decline towards $2,600/oz. Overall, given the current situation, I advise investors to be cautious and prepare for a scenario where gold could fall further if the next support levels are not held. At the same time, investors should also closely monitor market developments to quickly update and respond promptly to changes in gold price trends.
OANDA:XAUUSD
by Maria_aaa
Will 1.2590 Support Hold?On the hourly GBP/USD chart, it is clear that the British pound is under pressure. The price is currently trading below both the 34 EMA and the 89 EMA, which is a sign that the downtrend is still intact. The fact that the 34 EMA is below the 89 EMA suggests that the downtrend could extend. In recent hours, it seems that the price has tested the support around the 1.2590 area but has not been able to recover above the 34 EMA, which indicates weakness in the GBP recovery attempt. If this support level is broken, we could see GBP/USD continue to decline to new lows.
by Maria_aaa
EUR/USD In Bear RaceThe EUR/USD chart is showing a clear bearish trend, with the price moving below both the 34 and 89 EMAs, indicating strong selling pressure. The 34 EMA has crossed the 89 EMA and is heading downwards, further reinforcing the bearish trend. The fact that the price continues to stay below these two EMAs is not a very optimistic sign for those who are expecting a recovery in the euro against the US dollar. In the current scenario, the next important support point could be the 1.0400 area. If EUR/USD continues to decline and breaks this level, we could see a deeper decline, testing new lows. This requires traders to keep a close eye on the market developments and be ready to adjust their strategies to suit the current trend. From a technical perspective, the current recovery appears to be just a technical recovery before the continuation of the downtrend. This increases the possibility of further declines, especially when there are no clear signs of a trend reversal. Investors need to carefully consider the risks and have a suitable capital management plan to avoid unnecessary losses in the current context.
by Maria_aaa
USDJPY Awaits a Breakout at 155.878 USDJPY is currently trading in a short-term uptrend but is being held back by a descending trendline and the resistance level at 155.878. After bouncing from the strong support at 153.350, the price is now fluctuating around EMA 34 (154.850) and EMA 89 (153.995), reflecting a tug-of-war between buyers and sellers. Rising U.S. bond yields and the Bank of Japan's dovish policies continue to support the USD, while the Japanese Yen remains under pressure. The RSI at a neutral level of 51.52 indicates unclear market momentum. If the price breaks above 155.878, the uptrend could strengthen with a target near 157.000. Traders should closely monitor key levels to make informed decisions.
Long
by Vanna-Cris
EURUSD Under Pressure, Support at 1.05151 Awaits TestEURUSD is currently continuing its downward trend, dominated by the descending channel and EMA lines. After bouncing off the strong support level of 1.05151, the price is now testing resistance at 1.05663 but remains under selling pressure as it stays below the EMA 34, confirming that the main trend has not changed. Risk-off sentiment has driven capital into the USD, increasing pressure on EURUSD due to the greenback's strength. At the same time, positive CPI data supporting the British Pound has reduced the Euro's appeal, further intensifying downward pressure on the pair. If the price fails to break above 1.05663, it is highly likely to retest the support at 1.05151 and potentially decline further.
Short
by Vanna-Cris
USDJPY: Uptrend Faces Challenges at 156.65 ResistanceUSDJPY is currently trading at 155.68, reflecting a significant upward momentum in recent sessions. After successfully testing the strong support area at 153.40—a confluence of the 89 EMA and an ascending trendline—the pair surged sharply toward the key resistance zone at 156.65. However, the 156.65 – 157.00 zone is considered a "pressure area," with the potential to trigger a short-term correction. If the price fails to break above this resistance, USDJPY could pull back to test support at 154.70 or even deeper at 153.40. On the news front, the USD remains strong, driven by expectations that the Fed will maintain high interest rates, while the Bank of Japan continues its accommodative policy. Investors should pay close attention to key U.S. economic data, such as PMI figures and speeches from Fed officials this week, as these factors will strongly influence USDJPY's price action. Strategy: Monitor price reactions at the 156.65 resistance zone. A breakout could target 157.50, while rejection at this level increases the likelihood of a pullback toward support levels.
by Vanna-Cris
1
USD/JPY Slight Correction After UptrendUSD/JPY is trending around 155, after a slight decline from the peak near 155.5. On the H4 chart, the price is testing the EMA 34, while the EMA 89 provides strong support at 154.0. The nearest resistance is at 155.5, if broken, the price may continue to increase to the 156 area. On the contrary, if strong selling pressure causes the price to break the EMA 34, the target will be the 154.0 - 153.8 area. Personal opinion: Currently, USD/JPY is in a state of hesitation, due to the lack of new momentum in the market. I expect the price to accumulate around this area before a clear breakout. Traders should monitor US economic data or any developments in bond yields to determine the next trend.
by Maria_aaa
Gold Price Increases for 3 Consecutive SessionsWorld gold prices continued to increase for the third consecutive session, currently trading around 2,650 USD/ounce, up a total of 88 USD in the past three days. The main driving force of the uptrend comes from safe-haven demand due to escalating geopolitical tensions between Russia and Ukraine, along with the potential impact of US President-elect Donald Trump's economic policies. On the 1-hour time frame, the EMA 34 and EMA 89 are providing good support for the uptrend, showing the strength of the buyers. The nearest short-term resistance is at 2,670 USD/ounce, if broken, the gold price may continue to increase to 2,680 - 2,690 USD/ounce. The current strong support is around 2,640 USD/ounce, if broken, it may pull the price down to 2,620 USD/ounce. Personal opinion: The current uptrend is still maintained thanks to the positive sentiment in the gold market. However, the $2,650 - $2,670/ounce area is an important resistance level to watch. If the buyers cannot maintain the pressure, the price may correct slightly to accumulate before continuing the uptrend. Note that the US interest rate policy in December may create a short-term correction period, but in the long term, gold is still very attractive due to geopolitical and macroeconomic instability. Personal opinion: If the price breaks the resistance, this is a good opportunity to consider continuing to buy orders.
OANDA:XAUUSD
by Maria_aaa
Gold Price Approaches Important Resistance ZoneGold is currently trading around $2,638/ounce, continuing its strong rally after rising $48 in the previous session. The main drivers of the rally are geopolitical tensions and the stability of the USD. Gold is in a strong recovery phase from its low around $2,580. However, the medium-term downtrend has not been broken yet as the EMA 89 is still acting as resistance. Resistance and support: Nearest resistance: The $2,650-2,660 area, which coincides with the EMA 89. This is an important area to confirm a bullish reversal. Support: The $2,600 area, if broken, gold could retest the old low around $2,580. Price pattern: On the 4-hour chart, gold is approaching an important resistance zone. If there is a price rejection signal, the possibility of correction will be very high. Personal opinion: Gold price is likely to test the $2,650-2,660 zone in the short term. However, with current technical indicators, selling pressure at the resistance zone will be very high. If the price fails to break through this zone, the possibility of correction back to $2,600 is quite high. On the contrary, if it breaks through, the next target will be $2,700. Trading strategy: Sell at the $2,650-2,660 resistance zone, set Stop Loss at $2,670, Take Profit at $2,600. Buy when the price breaks through $2,660, set Stop Loss at $2,640, Take Profit at $2,700.
OANDA:XAUUSD
by Maria_aaa
EURUSD Recovery: Challenging the 1.0946 Resistance EURUSD is currently in a mild recovery phase, trading around 1.0582 after hitting a recent low at 1.05140—a significant support zone. While the recovery is underway, the EMA 34 and EMA 89 above the current price act as dynamic resistance, limiting upward momentum. The nearest resistance at 1.0946 is a key target, but failure to break above this level may see EURUSD revisiting the support zone at 1.0514 or even dropping further. The USD remains strong due to expectations that the Fed will maintain high interest rates, while weak economic data from Europe continues to undermine the EUR's position. Traders should closely monitor economic reports from both the US and Europe this week, especially inflation data, as these will play a critical role in determining the pair's next direction.
by Vanna-Cris
USDJPY: Near Resistance 156.70, Consolidation Awaits DirectionUSDJPY is currently trading around 154.62, approaching the key resistance level of 156.70 after recovering from strong support at 152.24. The EMA 34 and EMA 89 lines are near the current price, acting as dynamic resistance and hindering further upward momentum. The RSI indicator is hovering at a neutral level of 48, indicating a consolidating market with no clear trend. If the price fails to break through the resistance at 156.70, it is likely to pull back to the support levels at 153.70 or even 152.24. The primary driver of USDJPY's trend is the strengthening USD, supported by expectations that the Fed will maintain high interest rates, along with easing signals from the Bank of Japan (BoJ). However, any significant economic data from the US, particularly inflation figures or statements from the Fed, could strongly influence price action this week.
Short
by Vanna-Cris