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GBPUSD :Pay ​​attention to US CPI data!Greetings dear friends, today the currency pair is trading around the level of 1.278 and has started a slight correction after facing selling pressure since yesterday. The cautious sentiment in the market ahead of important events in both the UK and the US may provide some support for safe-haven assets like the US Dollar (USD). The US Consumer Price Index (CPI) for February is estimated to maintain stability at 3.1% compared to the same period last year, and the core CPI is expected to decrease from 3.9% to 3.7% in February. A stronger-than-expected CPI report could further diminish hopes of a Fed interest rate cut in the near future. Conversely, this could boost the US Dollar and create resistance for the GBP/USD currency pair.
Short
by RKarina
GBPUSD: Under pressure from the recovering USDThe GBP/USD pair remains below the psychological barrier of 1.2800 in the early Asian trading hours on Wednesday. The US dollar is stronger after the release of the US CPI inflation data for February, which pushed the major currency pair lower. Investors are awaiting the UK's GDP growth figure for January, which is forecasted to increase by 0.2% compared to the previous month. The price may continue to decline if this is favorable news for the USD. In the short term: The first resistance level is at 1.2800 before 1.2850 and 1.2870. On the other hand, 1.2750 is considered the first support level before 1.2730-1.2720 and 1.2690.
Short
by RKarina
Long Trade in ITCITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days. I am seeing a trading opportunity here. I am taking long position in ITC march futures at CMP 407. I will add more position if 402-404 comes. My stoploss would be 397. Target would be 425. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!
NSE:ITCLong
by akshit_official
17
Gold price today: Waiting anxiously!The Tuesday trading session holds significant importance for investors as the US Bureau of Labor Statistics prepares to release the Consumer Price Index (CPI) report for February. This report is expected to provide fresh insights into recent inflation trends and guide the Federal Reserve's short-term monetary policy. According to forecasts, the overall CPI may increase by 0.4% compared to the previous month, reflecting the impact of rising energy costs. This result is predicted to maintain an annual interest rate stability of 3.1%. Meanwhile, the core index is anticipated to rise by 0.3% monthly, causing a slight decrease in the year-on-year rate from 3.9% to 3.7%. Gold prices fluctuated between 2175-2185 during yesterday's trading session, awaiting information from the CPI report set to be released at 7:30 PM tonight. It is expected that after the news, prices will break the current pattern and form a clear trend, enabling investors to devise short-term trading strategies: Sell around 2185-2188, with a stop loss at 2191, targeting 2172-2175. Buy around 2173-2175, with a stop loss at 2169, targeting 2186. Note: It is advised to close positions before the news is announced.
OANDA:XAUUSDShort
by RKarina
2
Gold price today: Become more cautious!The price of gold today did not decrease as previously predicted, instead it continued to move sideways and traded around the $2180 mark in the early hours of Tuesday. The market remained quiet on Monday due to a lack of significant news, resulting in no significant changes in the price of gold. Gold still shows a long-term upward trend, but at the moment, it is significantly influenced by news, especially information about the possibility of the Fed cutting interest rates in the middle of this year. During the week, the market will closely follow reports on retail sales, weekly jobless claims, and manufacturing data from the US. The future path of gold is still uncertain, so stay cautious and closely monitor the information. RKarina will continue to provide updates to support you!
OANDA:XAUUSD
by RKarina
EURUSD: Waiting anxiously!Hello dear friends! Today, EUR/USD is trading in a tight range below 1.0950 in the morning of Monday in Europe, extending its sideways movement in the context of a stable US dollar and mild risk sentiment. Traders are cautious about placing new bets on the major currency ahead of the US CPI data release on Tuesday. This will be a significant news that will directly impact the new trend of short-term scalpers, whether it is an upward or downward movement! On a personal note, RKarina expects this currency pair to experience a slight downward correction as the trend begins to move sideways and the upward momentum is limited. The support level at 1.087 is highly regarded in case it helps EURUSD regain momentum.
Short
by RKarina
What changes in the new gold price?Hello dear friends, let's find out about the gold price today and evaluate the strategy for this week! Last week, we witnessed a strong surge in Gold and it surpassed its all-time high with a figure close to $2200. We expected it to correct its trend last week, but it seems that the buying side continues to push it higher, and it is currently trading around $2180 on the first day of the week. The trend of this metal is still unclear, although the upward momentum is dominant, it is still heavily influenced by market news. Therefore, it is necessary to monitor and closely follow important information during the week. Regarding prospects: The global gold price this week is likely to see investors taking profits after a continuous week of price increase, causing the gold price to turn downwards. However, this decrease is not significant as political tensions continue to escalate and the US dollar remains subdue
OANDA:XAUUSDShort
by RKarina
EURUSD: Keep moving forward!Hello everyone, it's RKarina here again! Let's discuss and devise a strategy for the new day! The EUR/USD has gained momentum, pushing prices higher and creating an opportunity for a potential test of the psychological barrier at 1.1000. Increased selling pressure on the Greenback following the Non-Farm Payrolls report for February has provided this currency pair with additional upward potential. Currently, the EUR/USD is facing resistance at 1.098, but technical indicators and prospects still lean towards an upward movement. The level of 1.0960 (the Fibonacci retracement level of 61.8% of the latest downward trend) is considered the first resistance level for EUR/USD before reaching 1.1000 (psychological level) and 1.1035.
Long
by RKarina
Gold price today: Expect a gentle adjustment!Let's take a look at the exciting gold news of the week! Since February 28th, the gold market has truly heated up, with prices soaring to new heights and gently landing around $2,160 per ounce in Friday's Asian session. The expectations of a Fed rate cut in June have breathed new life into the sails of gold prices. And it was none other than the suggestive remarks from Fed Chairman Jerome Powell before Congress that added fuel to the fire, making predictions of an interest rate reduction even more certain. Looking back on a dazzling week for gold, it is not difficult to see that after the frenzy comes the cool breeze of adjustment. Personally, I predict that while gold has reached its peak of glory, it will not be able to avoid a certain "cooling down." Let's wait and see what gold will do next in this vast financial landscape.
OANDA:XAUUSDShort
by RKarina
Gold price today: Waiting for new jumps!The price of gold continues to rise to its all-time high around $2156 as Chairman Jerome Powell's comments reinforce expectations of monetary policy easing this year. Betting on interest rate cuts is driving up the price of gold, and everyone anticipates that the easing will happen soon, further supporting gold. The non-farm payroll report for February, set to be released on Friday, is expected to provide clearer information on the timing of the US interest rate cut. According to a Reuters poll, economists forecast that the US created 200,000 jobs in the month. If the employment figures are weaker than expected, it could push the price of gold even higher, nearing $2,200 per ounce.
OANDA:XAUUSDLong
by RKarina
2
EURUSD: Retesting the breakout zoneRKarina is delighted to meet you all again, to discuss and strategize for today! As expected, EUR/USD is testing its highest level in two months around 1.0950 during the Asian trading session on Friday. This currency pair gained ground on Thursday, supported by prospects of ECB movements and a weakening US Dollar following a dovish tone from Fed Chair Jerome Powell. The upcoming US NFP will be the focal point today, determining the moves for this currency pair. In the short term: Today, we prioritize selling as this currency pair undergoes a corrective trend after a significant rally. The pullback level is expected to be around 0.5 - 0.618 Fibonacci retracement (coinciding with the previous peak level for testing purposes).
Short
by RKarina
USDJPY: Downward pressure remainsHello dear friends, as expected, our USDJPY pair has declined to the support level at 147.84 and is showing signs of consolidation. In this case, a cup pattern is also forming, and a corrective rally may occur, although it is unlikely to last long as the market is still anticipating an interest rate cut in the near future, which would weaken the USD and limit the recovery of USDJPY. The expected price decline will continue if it reaches the 0.5 - 0.618 Fibonacci level (around 148.700). The target for sellers this time is 146.34. Wishing you happy and successful trading.
Short
by RKarina
GBPUSD : Moving towards critical creature abilities !The GBP/USD pair remains steady above the psychological barrier of 1.2800 in the early Asian trading hours on Friday. Selling pressure by the US Dollar provides some support for the major currency pair. The highlight on Friday will be the US labor market data for February. This currency pair has continued to gain points, although it has not yet surpassed the 1.2800 level. As mentioned before, buyers may not be able to sustain the value, and GBP/USD could face a decline. The next support level will be at 1.2700, followed by the 34-period Exponential Moving Average (EMA) at 1.2673. On the other hand, if buyers exten
Short
by RKarina
Gold price today: Record high!Hello everyone, it's great to see you all again for today's discussion on the price of gold! Currently, gold is trading around $2,145.560 per ounce, an increase of $17,995 per ounce compared to yesterday's price. This upward trend in gold continues today, driven by the expectation of monetary easing in the United States. Gold has strong potential for short-term growth as the Fed will not let the US economy weaken. The Fed is likely to soon cut interest rates, which will support gold. However, gold also faces several risks as the precious metal is rapidly rising and reaching record highs. Profit-taking pressure may increase as a result. According to technical indicators, gold is currently overbought. This could mean a potential reversal to a downward trend if profit-taking activities intensify.
OANDA:XAUUSDShort
by RKarina
EUR/USD: rises to 5-week highRKarina greets everyone! Today, the EUR/USD is testing its highest bidding price since the end of January, quickly surpassing the 1.0900 level to touch 1.0915 before stabilizing slightly but still maintaining an upward trend since Wednesday. This currency pair is currently in a corrective wave, however, a successful close above the resistance level at 1.089 and receiving support from the 1.085 area has opened up more opportunities for price increases for this currency pair, with an immediate target of 1.093 after completing the trend correction.
Long
by RKarina
1
BTCUSDT Trading Strategy for BTCUSDT: BTCUSDT continues to show notable stability, maintaining a high price above $66,000 this Thursday. In the short term, BTCUSDT is trending sideways, with significant resistance levels identified at $67,500 and $68,700. Clear support levels are marked, and the 34 and 89 EMA lines are displaying a strong upward trajectory in the near future. As long as the crucial support level of $60,000 remains intact, the bullish camp is prepared to maintain its advantage during this phase.
Long
by RKarina