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EURUSD: Downtrend is still strongThe EURUSD continues to maintain a price below the 1.0800 level after facing significant downward pressure last week. The current trading level is 1.078, with a slight recovery indicated by a green candle at the beginning of the week. However, this increase has yet to be confirmed as safe, as technical analysis on the daily chart shows a convergence between price and EMA, creating a barrier and challenge to the potential continuation of the EURUSD's recovery. The outlook remains bearish for this currency pair in the coming period, with a defensive target at the 1.070 level.
Short
by RKarina
Update the latest gold price today!Warm greetings, beloved traders! Let's strategize for the gold market this week! Last week, gold experienced an impressive and strong upward trend, reaching its all-time high. Today, we see this precious metal surging to $2,263, marking a $31 increase in the early hours of Monday's trading session. The rise in gold is primarily driven by lower bond yields and a weakened US dollar, along with anticipated interest rate cuts by the Fed, which serve as strong catalysts for this vibrant recovery. Looking at the trajectory of gold today and this week, the long-term prospects remain optimistic. However, a slight consolidation may occur after the recent sharp increase as the metal seeks a healthy correction to solidify its upward journey. The support zone to monitor fluctuates between $2,200 - $2,215. Wishing you a prosperous and exciting trading week ahead!
OANDA:XAUUSDLong
by RKarina
USDJPY : The trend is not clear yet!Hello dear friends! Today, USDJPY continued a series of lackluster trading days, with prices stagnant compared to last week, fluctuating around the 151,300 mark due to lack of momentum and dependence on market news. Short-term expectations suggest stable volatility within a range, with little intraday volatility expected as EMA indicators remain inconclusive. Waiting for a breakout from this consolidation to identify a more favorable entry point. The luckiest!
by RKarina
Gold prices continue to receive supportOpening the new week, gold witnessed a strong breakthrough, with a sudden increase of nearly 25 USD, reaching a record high of 2265 USD in just the first hours of Monday. This growth marks a historic turning point, clearly reflecting investors' preference for gold - a safe haven option amid growing economic instability concerns and forecasts. interest rates. Another factor driving up gold prices is the fact that central banks around the world are constantly increasing physical gold reserves. This accumulation not only reflects confidence in the sustainable value of gold but also creates strong demand pressure, pushing the price of this precious metal to unprecedented levels. With current developments, gold is still forecast to maintain a positive growth momentum. However, a slight correction may be necessary to further consolidate this bullish trend. In the short-term scenario, a slight retracement is expected to occur, with support expected to be around 0.5 to 0.618 according to the Fibonacci ratio, opening up opportunities for flexible traders to seize. Wishing all investors a successful and exciting trading week!
OANDA:XAUUSDShort
by RKarina
Gold ends Q1 2024 at record high, what's next?Gold has surged to an all-time high of $2,233, surpassing the quiet trading atmosphere during the Easter holiday, which reduced market activity. The global pause on Good Friday, particularly in major markets including the US, has significantly eased the usual chaos surrounding the price of gold. Despite the temporary lull, the trajectory of gold seems poised to rise even higher, propelled by the ambitious target set by the Bull Flag at $2,251, enticing buyers to push up the price. For gold traders, surpassing the historical milestone of $2,236 is crucial to maintain the upward momentum. Now, all attention is focused on the round figure of $2,300 as the next milestone for gold enthusiasts. The 14-day Relative Strength Index (RSI), currently in overbought territory, suggests a potential retracement before the next price increase. However, any expected pullback is likely to find solid support at the previous all-time high of $2,223, with the $2,200 level considered an important test for gold's recovery potential.
OANDA:XAUUSD
by RKarina
XAUUSD - Trading in the green!Hello dear friends, let's explore the gold market over the past week! The previous week was particularly significant for gold, as it experienced a strong surge in price, reaching its all-time high of around $2,237. This increase in price was driven by market expectations of a potential interest rate cut by the Fed, prompting investors to flock towards gold and driving its value up in a sea of green. Looking ahead, I remain optimistic about the price hike. Based on technical analysis, gold has yet to show signs of forming a peak, indicating that there is still an opportunity for further upward movement. The trading price is above the EMA 34 and 89 lines, and by utilizing the Fibonacci method, gold is aiming for an initial profit target at 1.618, equivalent to $2,533. However, before reaching this first profit target, gold will likely undergo some corrections. What are your thoughts on the future price of gold?
OANDA:XAUUSDLong
by RKarina
Gold price today: Continuously increasing!The global price of gold has seen an impressive increase, rising by $38.8 to $2,233 per ounce, marking its strongest month of activity in over 3 years. This surge has been driven by expectations of interest rate cuts in the US and strong demand for safe-haven assets. Spot gold has risen nearly 2%, reaching its highest point since July 2020 with a 9% increase, ensuring a second consecutive quarter of growth. The future of gold appears bright, with potential for further gains if the market predicts deeper interest rate cuts from the Federal Reserve. This precious metal is poised to maintain its high levels in the short term until buying momentum begins to weaken.
OANDA:XAUUSDShort
by RKarina
2
GBPUSD trading strategyHello dear trading community! Today, let's explore the GBPUSD pair together! Currently, GBPUSD is moving steadily, fluctuating around the 1.263 level, with minimal changes compared to yesterday's session. It seems that today, with the world on holiday, there won't be many significant fluctuations affecting our trading strategy. In the short term, the range between 1.264 and 1.259 is the battleground for GBPUSD. Any violation at these levels could signal a breakthrough, setting the stage for the next wave of buying or selling action!
Short
by RKarina
GBPUSDWelcome investors, As we close this weekly trade, our attention is directed towards the GBP/USD currency pair. What is worth noting is the stability, with price fluctuating around the 1.261 unit, accurately reflecting our draw forecast of a sideways trend from today past. During the second half of the week, we found the US Dollar exerting pressure on the GBP/USD pair. Comments from midweek by Federal Reserve Governor Christopher Waller indicated that the Fed has no end in sight to reducing interest rates amid the excess formula. He emphasized that a precise stretch knot may be required to provide the desired 2% stability. In the current situation, the GBP/USD pair maintains its hardware unchanged, continuing to forecast a slight downtrend by correcting downwards towards the 1.267 area. Looking ahead to next week, sellers may look for opportunities to strengthen around 1,251 support.
Short
by RKarina
EURUSD: Bears continue to dominate the market!Hey there, forex family! Today, EURUSD takes a momentary pause as the global market enters a holiday period. However, looking ahead, the US dollar is strengthening, influenced by hawkish sentiment surrounding the Federal Reserve and expectations of higher interest rates. Technical analysis adds to the story, as the price breaks below the 1.0800 support level and trades below both the EMA 34 and 89, currently favoring the sellers. Our preferred move is to target a decline to the 1.0700 level.
Short
by RKarina
USDJPY : Continues to move sideways above the high price range !The USDJPY pair continues to trade quietly and seemingly stagnant at record highs, lacking upward momentum. The prevailing trend favors a sideways movement despite signals from the EMA 34 and 89 continuing to support an upward bias. From a technical standpoint, any further price increase may encounter strong resistance and remain limited near the 152.00 level. The mentioned barrier will act as a key pivot point, and if decisively broken, it would be considered a new catalyst for bullish traders. With oscillators on the daily chart holding in positive territory, the USD/JPY pair could extend the well-established uptrend since January 2023 and climb further towards the psychological level of 153.00. On the other hand, the overnight low volatility around the 151.00 level seems to be protecting the immediate downside. Any further decline is likely to attract new buyers and still be limited near the support area of 150.25. Keeping an eye on the psychological level of 150.00, a decisive break below it could potentially accelerate the downward correction process for the USD/JPY pair towards the region of 149.35-149.30 en route to the round number of 149.00.
by RKarina
USDJPY: Price continues to stand still!Today, USDJPY concluded its trading activities around the level of 151.35, with little change due to continued subdued trading throughout the past week. The strength of the US dollar, reinforced by hawkish statements from Fed officials, has not yet provided enough motivation for a significant increase in this currency pair. In the short term, the trend remains uncertain as USDJPY moves steadily within a range. The EMA lines also do not indicate a clear trend direction, so we will wait for a breakout from the current pattern to determine a more strategic and secure entry point!
by RKarina
Gold prices continue to receive support!Idea of gold trading: The price of gold in the world market has increased during this morning's trading session due to the lack of improvement in business environment and consumer confidence in the European economic region in March. Investors have expressed concerns about the global economy facing difficulties, leading them to increase their purchases of gold as a capital reserve and profit-seeking strategy. As a result, the precious metal has reached a level of $2,200 USD at present. Additionally, the price of gold has also benefited from the recent terrorist attack at a concert hall in Crocus, Krasnogorsk, Moscow, which occurred six days ago, as well as a major bridge collapse incident in Baltimore, USA - Francis Scott Key Bridge - affecting water transportation operations at the second-largest port in the United States. Trading plan for March 28th: 👨‍💻 XAUUSD BUY zone 2178 - 2175 🔹SL 2173 🔹TP 2190 - 2200 👨‍💻 XAUUSD SELL zone 2207 - 2209 🔹SL 2212 🔹TP 2200 - 2190 Wishing you all Full TP 💵💵💵
OANDA:XAUUSDLong
by RKarina
Gold strategy today: Should I sell or not?Gold prices returned to the red zone below $2,200 in Asian trading on Thursday, following a two-day recovery. However, gold and other precious metals remain constrained and are yet to make a breakthrough. The scarcity of economic data in the US has prompted investors to buy gold on Wednesday, amid increasing speculation about a Fed interest rate cut in June. All attention is focused on the mid-tier data from the United States. The Federal Reserve Governor delivered a hawkish message while speaking about monetary policy at the Economic Club of New York. His comments have spurred a new increase in US Treasury bond yields and contributed to the strengthening of the US Dollar, putting pressure on gold prices that do not yield interest. Establish a SELL for gold around the 2195 - 2220 USD range.
OANDA:XAUUSDShort
by RKarina
Gold price continues to increase (March 28)Hello dear friends, let's explore the price of gold today with RKarina! Currently, gold continues to maintain its strong position on Thursday, with prices showing a significant increase from $2175 at the same time yesterday, and currently hovering around $2190. As a result, the precious metal is on an upward trend as investors await inflation data from the United States. The report on the core Personal Consumption Expenditures (PCE) index for February is expected to provide new clues about the timing of the Federal Reserve's policy shift. The core PCE in the US increased by 0.3% in January. These pieces of information, combined with technical analysis from the charts, seem to indicate a positive outlook for gold. The EMA 34 and 89 still give us positive signals for an upward trend, with expectations of reaching a high of $2222 once again. What are your thoughts on the current trend of gold?
OANDA:XAUUSDLong
by RKarina
What's Next for EURUSD? Deciding to Sell in VisionHello all traders! Today, I want to share my thoughts on the EURUSD currency pair, a hot topic for those who closely follow the forex market. Although EURUSD is still holding above the 1,080 support level, I see that the signal is not very positive for the future of this pair. Looking at the long-term trend, it seems that the pair is on the decline. Additionally, the price is currently trading below both the 34 and 89 EMAs, which further reinforces my bearish view. The US Dollar (USD) is currently experiencing a slight increase, putting pressure on EUR/USD and causing it to decline accordingly. If the market bears can take control and push the price below the current support level, I will without hesitation start selling EURUSD. My target would be the 1,070 level. For those looking for opportunities in the forex market, it may be time to consider a short position in EURUSD, based on current signals and analysis. We need to be ready to act when the market gives us such clear signals.
Short
by RKarina
GBPUSD: Continues to weaken!Hey there! Are you wondering whether GBPUSD will rise or fall today? Let's explore and find out together! Yesterday, GBPUSD continued its downward trend, seemingly solidifying its bearish trajectory by breaking below the support level at 1.261. The reversal signal from the 34 EMA line further indicates that the bear camp is currently dominating the market. Moreover, the lackluster recovery of USD has failed to provide the necessary momentum for GBPUSD to make a significant comeback. I am leaning towards a selling trend and predicting that the price may retest the level of 1.251. What about you? Do you share my sentiment?
Short
by RKarina
GBP/USD: New technical and volatility forecastOn Tuesday, GBP/USD recorded a bullish rally, reaching a high of 1.2670. However, this upbeat event did not last, and the pair lost its upward momentum in the second half of the day, when it finally traded below 1.2650 light to Europe Wednesday. Despite signs of technical indicators suggesting an increasingly strong bearish trend, the price currently remains stable, mainly hovering around 1,262. It seems that the sellers are cautious and do not want to connect with the bearish trend depth below 1.2600 without large fundamental changes supporting the move. Meanwhile, the US Dollar was able to gain recovery strength against other majors in the second half of Tuesday, supported by cautious sentiment and strong February Durable Orders data. than expected, the recovery mechanism of this pair is limited. From a technical analysis perspective, the GBP/USD pair continues on a downward trajectory with a small retracement towards the 0.618 Fibonacci zone. The target has been shortened to 1,252, suggesting the possibility of a bearish trend continuing. Given the current situation, market participants need to take care of a solid base, pay attention to all small variations and be ready for strategic adjustments in accordance with market developments.
by RKarina
XAUUSD: How to trade? Buy or sell?Hello traders! Gold continues to tread water, maintaining stability around the $2077 level after touching $2200 yesterday. As the days go by, traders eagerly await the final GDP estimate from the US on Thursday, along with data on jobless claims and weekly personal spending. Additionally, the release of the US PCE Index on Friday could be a significant event risk for the week. From a technical standpoint, gold remains in a sideways trend with slight upward movement in the short and medium term. Gold trading activity is fluctuating within the range of $2150 - $2200. A decisive break above or below either of these levels could signal a stronger move is imminent. Trade wisely and enjoy!
OANDA:XAUUSD
by RKarina
27 Mar ’24 — BankNifty ends flat, but no directional intent yetBankNifty Analysis - Stance Neutral ➡️ BankNifty also started the day with a gap up and then an immediate rise to the 46920 levels. This did not sustain as we gradually fell back to 46690 levels between 10.35 and 15.07. Surprisingly we had a 284pts rally in 15 minutes right back to the 46920 zone. The final close at 46785 looked pretty decent with the major gains coming from HDFCBK, AXIS, and KOTAK. For a brief period, it was interesting to see ICICI Bank and HDFC Bank going the opposite way thanks to the year-end rebalancing. 4mts chart On the higher time frame, BN looks flat, I am totally unable to make out the next direction with the current chart pattern. What was really lacking for the last 3 months was consensus in choosing the direction, among Nifty50, BankNifty and NiftyIT. NiftyIT is so beaten that a quick recovery is ruled out. Only if BN aligns with Nifty50 we can have a breakout. 63mts chart – Algo Trading Due to a production key error, I was not able to set up the execution on AlgoTest today - hence no trades.
NSE:BANKNIFTY
by viswaram
USDJPY: The direction of movement is difficult to predict!"Hello dear traders! Today, it seems that USDJPY is frozen in time, hovering unchanged as it looks up at the peak around 151.700, a record high it has recently reached. Market pundits are taking a cautious stance towards USD/JPY, predicting that a Fed interest rate cut is not just a possibility but an inevitability; it's a question of 'when' rather than 'if'. Meanwhile, growing consensus suggests that the Bank of Japan (BoJ) may soon start adjusting its own interest rates. It's a quiet trading day today as we await new market signals. Stay tuned and trade wisely!" Let me know if this vividly paints the current market landscape for you!
by RKarina
EURUSD: The threat is still there!Hello, dear friends! What do you think about EURUSD today? As predicted, EURUSD has faced difficulties in breaking the resistance level at 1.086 and has started to retreat. The slight increase in the US dollar has led to a defensive risk sentiment, contributing to a mild decline in EUR/USD to the area of 1.0830, amidst increasing caution ahead of the release of US PCE on March 29th. From a technical analysis perspective, the path ahead for this currency pair seems to have multiple obstacles as the downtrend line is still in play. Continued violation below the key support level at 1.080 could potentially cause the exchange rate to slide even further.
Short
by RKarina