Get started

Optionsstrategies

Target 150.00 USDJPYGreetings, traders. At present, the market is experiencing a favorable upward trend, with prices remaining high and currently trading around US $149.11. On the 4-hour time frame, the technical analysis shows that there has been no significant breach. It is anticipated that there will be a minor correction to $148.62, followed by a subsequent increase to $150.87. If you find this article and analysis helpful, we would greatly appreciate your feedback in the form of comments and likes.
Long
by Samson-FX
EURUSD- price increaseHello wealthy entrepreneurs. USDJPY today continues to decline as predicted. The US dollar fell on Tuesday, along with expectations of US interest rates and a decrease in treasury bond yields. On the other hand, the Japanese yen increased slightly due to violence in the Middle East, supporting safe-haven buying. This week, we will receive important news that will impact EUR/USD, such as the FOMC minutes and US CPI. For this reason, buyers continue to push prices higher. Specifically, looking at the technical picture on the 1-hour timeframe, maintaining the short-term trend above 1.0530 indicates a retest of the uptrend and creates a support level to further drive up gold prices. The resistance level to closely monitor is at 1.0637.
Long
by Samson-FX
Update BTCUSDGreetings, everyone! I would like to bring your attention to the current situation regarding BTC. At present, BTC is experiencing a downward trend and is being traded at 27515 USD. It is anticipated that in the near future, the price will reach the support level of 27276 USD. Upon examining the price chart, it is evident that there is a trend line indicating a potential upward movement for BTC. It is projected that there may be a significant increase up to 28580, which should be taken into consideration.
BITSTAMP:BTCUSDLong
by Samson-FX
Bank Nifty Technical Analysis for Tomorrow **Bank Nifty Technical Analysis for Tomorrow (October 11, 2023)**: **Support:** 44449/44300/44100 **Resistance:** 44713 **Technical Analysis:** * Bank Nifty closed at 44326.45 on October 10, 2023, after forming a bullish doji pattern. * The index is facing resistance at 44449 levels. If the index opens gap-up above this level tomorrow and sustains above it, then it can act as a support for the day. * On the upside, 44713 is a big resistance level. If the index breaks this level, then it can lead to further bullish momentum. **Trading Strategy:** * For the upside, traders can buy Bank Nifty if it opens gap-up above 44449 levels and sustains above it. The stop loss can be placed below 44300 levels. The target can be kept at 44713 levels. * Traders can also buy Bank Nifty if it breaks the resistance level of 44713 levels. The stop loss can be placed below 44600 levels. The target can be kept at 44850 levels. **Disclaimer:** This is just a technical analysis of Bank Nifty. It is not a recommendation to buy or sell the index. Traders should always do their own research before taking any trading decisions. **Additional Notes:** * It is important to note that Bank Nifty is a volatile index. Traders should be cautious while trading in this index. * Traders should also keep an eye on the global market cues, as they can have a significant impact on the Indian market. * Traders should always use stop loss and risk management techniques while trading in any market.
NSE:BANKNIFTYLong
by santubittu
USDJPY Analysis of weekend, expected long termHello dear traders, the USDJPY has increased as predicted during yesterday's trading session. After a strong surge to 149.53, this currency pair has now slightly decreased to 149.24. This pair is considered unsuccessful as it hasn't reached the predicted level of 150.00 yet. It is currently trading at 149.23 USD and is expected to test the support level of 148.00 USD. The downward trend will persist until any positive news can trigger an upward movement for this currency pair.
Short
by Samson-FX
GBP/USD sticks to the topic limited scopeSamson greeted everyone with a warm hello! Last Friday, Samson expressed that there might be a potential increase in the GBP, surpassing the level of 1.2230. However, maintaining a stronghold above this level could prove to be challenging. Additionally, Samson emphasized that the main resistance at 1.2270 would be difficult to breach. Unfortunately, the actual price movement did not align with our predictions. In the New York market, the GBP initially dropped to its lowest point at 1.2107, but then quickly rose to its highest level at 1.2262. As a result, the future outlook is uncertain, and it is likely that the GBP will trade within a relatively wide range of 1.2130 to 1.2270 today. At present, the price is trading at 1.2173 with an expected increase towards 1.2270. This upward trend will continue if this currency pair continues to receive strong support from the USD.
Long
by Samson-FX
Gold increased sharplyGold prices rose again today following an unexpected military attack by Hamas on Israel over the weekend. This event has increased the demand for gold as a safe haven. Currently, gold is trading at $1855. However, the rise in US interest rates continues to pose a challenge for gold. In order to see a significant increase in gold prices, the market will be closely watching for a more dovish stance from the US Federal Reserve (Fed) starting in 2024. Furthermore, investors are eagerly awaiting the release of the minutes from the September meeting of the US Central Bank, which is scheduled for Wednesday. It is anticipated that gold may experience a temporary dip to around $1845 before any further upward movement.
OANDA:XAUUSDLong
by Samson-FX
Nifty 50 Technical Analysis for 10 OCT**Nifty 50 Technical Analysis for 10/10/2023** **Support Levels:** * 19400 * 19300 **Resistance Levels:** * 19600 * 19688 **Overall Bias:** Bearish **Analysis:** Nifty 50 closed below its support level of 19500 on October 9, 2023. This indicates that the bears are in control and the index is likely to fall further in the short term. The next major support level for Nifty 50 is 19400. If the index breaks this level, it could fall to 19300 or even lower. On the upside, the immediate resistance level for Nifty 50 is 19600. If the index manages to close above this level, it could rally to 19688 or even higher. However, the overall bias for Nifty 50 is bearish. This is because the market is in a downtrend and the index has broken a key support level. **Trading Strategy:** Traders can sell Nifty 50 at the current levels with a stop loss above 19600. The target for this trade is 19400 or 19300. Traders can also buy Nifty 50 at 19400 with a stop loss below 19300. The target for this trade is 19600 or 19688. It is important to note that this is just a technical analysis and traders should always do their own research before making any trading decisions. **Disclaimer:** This is not financial advice.
NSE:NIFTYShort
by santubittu
Increase sharply after the job report, gold promises 1800 USD?Hello to all my beloved companions! Today, the price of gold got off to a promising start as it traded at its highest level in many months, reaching $1832 USD. This positive momentum was fueled by anticipated good news from the United States. The precious metal experienced a turnaround due to optimistic employment data, which suggests that the US Federal Reserve (Fed) may not proceed with any further interest rate hikes this year as originally predicted. Consequently, the value of the US dollar has declined for three consecutive sessions. It is worth noting that while gold has been on an upward trajectory recently, this trend may only be temporary given the persistent strength of the dollar. On October 12th, there will be an announcement regarding September's inflation index (CPI) in the United States. If this index shows a decrease for September, it is likely that interest rates will remain unchanged by the Fed. Conversely, if CPI exceeds expectations and increases significantly, it could prompt an interest rate hike by the Fed and potentially cause gold prices to drop below $1:800 per ounce threshold.
OANDA:XAUUSD
by Samson-FX
EUR/USD reaches the highest level in a week at 1,0600Yesterday, there was further upward movement in the Eurusd currency pair as anticipated. The Eurusd pair reached a weekly high at $1.0600 and is presently trading steadily at $1.0584, indicating a marginal weekly increase. Surprisingly, the US dollar experienced continued weakening on Friday, which provided strong support for the Eurusd pair to persist. According to the one-hour chart analysis, this particular currency duo is experiencing an expansion in its uptrend. Gold prices are expected to maintain their upward trajectory towards 1.061 before encountering resistance and potentially retracing towards 1.052 levels. On the flip side, if there is a breakout above 1.061 levels witnessed in this currency duo's price action, it would propel it further upwards towards 1.083 USD mark
by Samson-FX
Gold reversal, long -term analysisGreetings, everyone! Today, as anticipated, the price of gold remains on a downward trajectory. The precious metal is facing challenges in terms of increasing its value, which may result in the US Federal Reserve (Fed) maintaining higher interest rates for an extended period. Consequently, sellers are likely to exert further pressure on gold prices, currently at $1822, with an anticipated decline to $1804. This downward trend will persist until any positive developments take place.
OANDA:XAUUSDLong
by Samson-FX
5
Gold passes, waiting for newsHello everyone! The 45-minute prime time period appears to be relatively stable compared to yesterday's trading session. At the moment, the price is hovering between USD 1829 and USD 1812. Currently, it stands at USD 1819, experiencing a slight decrease of 0.05% per day. Today, there will be news surrounding the US non-agricultural payroll data which will impact gold prices. Given the ongoing pressure on precious metals, it is anticipated that gold will continue its downward trend with a support level targeted at USD 1800.
OANDA:XAUUSD
by Samson-FX
World gold continues to plummetHello everyone! Gold continues to maintain its record low today. The price of gold globally fluctuated between 1,820 and 1,830 USD/ounce last night. As of 6 a.m. on October 4th, the current price of gold is trading at 1,824 USD/ounce, which is a slight decrease of 3 USD compared to the previous day's price of 1,827 USD/ounce. According to the Federal Reserve (FED), inflation remains too high and interest rates need to be increased in order to control commodity price pressures. Consequently, the yield on US Treasury bonds with a maturity period of ten years surged to 4.75 points, leading to a strong influx of capital into bonds and adding further downward pressure on gold prices today as they continue their plunge into depths.
OANDA:XAUUSD
by Samson-FX
USDJPY with a significant decreaseHello everyone, Samson here. Let's discuss USDJPY today. Today, the Minister of Finance of Japan reiterated that the exchange rate must remain stable, reflecting fundamental principles and the government's readiness to take necessary actions to counter excessive volatility without excluding any options. This, along with overall weak risk sentiment, could benefit the Japanese Yen (JPY) as a safe haven and help limit the appreciation of the major currency. Looking at the technical picture on a H4 timeframe, this currency pair has broken a significant upside level at 148.96 USD. It is currently trading at 148.75 USD, which represents a notable decline for this pair. This indicates that the next trend for this pair is likely to be bearish as it has not been able to surpass 150.00 USD as anticipated. According to Samson's analysis, this currency pair will undergo a retest of support at 147.58 USD before any new developments occur.
Short
by Samson-FX
GBP/USD fluctuates within 1,2200Greetings, everyone! As anticipated, the GBPUSD pair has maintained its upward trajectory. The US market data indicates strong growth. Moreover, the Federal Reserve's commitment to further strengthening prospects supports the rising interest rate of US Treasury bonds and delays adjustments for this week compared to the beginning of the year. This, coupled with expectations that the Bank of England (BoE) will once again keep interest rates unchanged in their upcoming November meeting, contributes to limiting fluctuations in the GBP/USD exchange rate. As a result, buyers in gold are continuing to drive up prices on this currency pair which currently stands at $1,218; it is projected to increase further towards $1,227. The upward trend will persist until resistance is met at its peak and breaks through the current pattern.
Long
by Samson-FX
EURUSD analysis todayGreetings, everyone! Presently, the EUR/USD pair is experiencing a favorable trajectory as anticipated, currently trading at 1.0544. The decline in value of the US dollar and the continuous support from US Treasury bond interest rates are contributing to the strength of this currency pair. When examining the technical analysis on a one-hour time frame, we can observe that this particular currency pair is predominantly trending upward. It is projected to potentially rise to 1.059 before retracing back to its support level at 1.057, followed by another significant surge in value.
Long
by Samson-FX
Gold price todayThe price of gold experienced a quiet trading session today, showing no significant fluctuations. Currently, it is trading at $1821 per ounce, which is relatively stable compared to earlier in the day. On the other hand, the US dollar and bond yields continue to pose a threat to this precious metal as all attempts to increase its value are being suppressed. Market sentiment seems to be focused on the release of the US Labor Department's September employment report on Friday. It is unlikely that there will be much volatility in gold prices today as there have been no news updates thus far.
OANDA:XAUUSD
by Samson-FX
USD/JPY consolidated nearly 148.50 lossesOn Thursday, there is significant selling pressure on USD/JPY, with the pair trading around 149.00. The long decline of the US dollar and the interest rate of the US Treasury bond have heavily impacted this currency pair. Additionally, concerns about Japanese intervention have further weighed down on USD/JPY. Taking a closer look at the technical analysis on the H4 time frame, it is evident that there is an overall uptrend in this market. According to Samson's perspective, before initiating any upward movement, this currency pair will need to test and hold support at 148.07.
by Samson-FX
1
EUR/USD: The decline in pressure decreases above 1,0545 - UOBA few days ago (on October 3, at the spot rate of 1.0480), Samson emphasized that the EUR "is still in a downtrend phase and is likely to weaken to around 1.0430, possibly below 1.0400." The EUR dropped to 1.0447 and has since rebounded. The downward momentum is starting to slow down, and if the EUR surpasses the level of 1.0545 (with no significant change in 'strong resistance' from yesterday), it means that the level of 1.0430 will not appear during this period.
by Samson-FX