Hello astute and wealthy traders! Let's delve into today's market dynamics! Gold (XAU/USD) continues to maintain a consolidating sideways trend this Tuesday, staying within the familiar range established over the past three weeks. However, the balance seems to be leaning towards the bullish side as the Federal Reserve prepares for a less restrictive policy...
Hello dear traders! What do you think about EURUSD today? After a strong increase on Wednesday, EUR/USD turned bearish on Thursday, ending the day in the red. The downward trend continued into Friday, with temporary trading fluctuating around the 1.0800 level. The strength of the US dollar has truly reversed the direction of EUR/USD, aligning perfectly with our...
Hello everyone, it's RKarina here again! Currently, USD/JPY continues to consolidate below the 151.50 level in the Asian trading session on Tuesday. Concerns about the Japanese government's potential intervention to strengthen the Yen are dampening the upward momentum, coupled with the overall weakness of the US Dollar, which is limiting the strong upside...
Hello everyone, let's find out how the price of gold fared last week and strategize for the upcoming week! Last week marked a significant moment for gold as it reached an all-time high of nearly $2222 USD. Market news, particularly rumors of the Federal Reserve cutting interest rates this year, played a crucial psychological role for investors, leading to...
Hello dear friends, are you curious about the gold price trend this week? As we enter a new week, gold has been steadily increasing by $10, reaching $2175 in Asian trading session. In the short term, it seems poised for further growth, although it may encounter resistance around the $2185 level. The monetary policy decisions of the Federal Reserve in June could...
As per chart CHOLAFIN taken very good support and any close above 1100 will show more strength to this stock. So keep on eyes for 1100 if break and sustain we can see 1150 . Pattern is weak below 1050 . Always wait for levels to active
Gold Update: In the early trading hours in Asia on Monday, the price of gold (XAU/USD) comfortably fluctuated around the $2,100 mark, receiving support from speculation that the Federal Reserve may cut interest rates by the end of this year. Investors are awaiting the release of the US Gross Domestic Product (GDP) data for the fourth quarter, which is expected to...
Hello dear friends, let's discuss and devise our strategy for the new day together! USD/JPY is witnessing a decline, fluctuating near the 151.00 level, as the Japanese Yen faces significant buying pressure amidst concerns about Japan's potential forex intervention, especially after this exchange rate reached a new high since the beginning of the year at 151.86...
Hello dear friends! GBPUSD is showing signs of recovery this Monday, bouncing back after a significant drop at the end of last week. The recovery started when it touched the Trendline, although the overall trend is still bearish due to the momentum the US Dollar (USD) has gained from Wall Street activities, despite the declining interest rates that have reinforced...
The EUR/USD has declined to the 1.0840 level in early Asian trading on Friday. This decline is believed to be due to the strength of the US dollar and higher US Treasury yields. Traders are eagerly awaiting Germany's IFO Business Climate Index on Friday, before Federal Reserve Chairman Powell's speech. From a technical analysis perspective, a pattern has formed...
Hello everyone, let's find out what's happening with EURUSD today! Last Friday, EURUSD ended the week with a downward trend. But today, it has found some support at the 1.080 level, causing a slight comeback with the current price hovering around 1.082 as it aims for a recovery towards the Fibonacci target of 0.5 - 0.618. If it can maintain the 1.080 support...
Hello dear friends, Yesterday our GBPUSD experienced a significant downturn. Based on fundamental analysis, GBP/USD extended its losses and formed a 'bearish' candlestick pattern, indicating the potential for further decline. If sellers break through the psychological level of 1.2600, it could pave the way for a level of 1.2500. On the other hand, buyers should...
Hello dear friends, are you curious about the direction of USDJPY today? At the beginning of Friday, the USDJPY pair showed a slight decline, pausing its strong upward momentum when encountering resistance near the record high level. The Japanese Yen strengthened after the release of Japan's consumer inflation data. Uncertainty about the future policy steps of...
Hello everyone! Let's delve into the sparkle of gold prices today! In the News: Today, gold (XAU/USD) is struggling to capitalize on its recent rise from the Simple Moving Average 100-hour support level around $2166-$2165. Instead, we are witnessing a decline in Asian trading session this Friday. Despite the Federal Reserve's policy update on Wednesday, investor...
Havells appears promising for long-term investment. While it has been experiencing a correction phase since late 2021, recent developments suggest that this phase may be nearing its end. The stock has exhibited a strong reversal pattern, as depicted in the image. Consequently, it's showing signs of resuming its upward trajectory.
The GBP/USD has risen above the 1.2700 level, recovering from a two-week low below 1.2670 on Tuesday. Investors are cautious about taking significant positions ahead of the policy meetings of the Fed and BoE, causing this currency pair to struggle to find a clear direction. Furthermore, the widespread strength of the US dollar (USD) continues to weigh on this...
Hello dear friends, Are you curious about the price movement of gold today? Yesterday, gold surprised us with a dramatic increase, jumping from 2155 to 2223 USD, a remarkable gain of 680 pips in just a moment. What could have driven such a strong surge in this precious metal? News update: The announcement from the Fed about the possibility of interest rate cuts...
In today's trading session, gold experienced a slight decline after surging past the $2200 USD/ounce ceiling. This upward momentum was further fueled by comments from Federal Reserve Chairman Jerome Powell, who stated that the central bank plans to implement three interest rate cuts in 2024. However, at present, gold has adjusted downwards by 0.3% to $2175...