At the start of the trading session on June 21st, gold prices saw an uptick, spurred by market anticipations of an impending rate cut from the U.S. Federal Reserve, following weaker-than-expected retail sales data earlier in the week.
While gold may have lost some of its upward momentum, the overall market sentiment remains largely optimistic. Numerous hedge...
USD/JPY is trading near 159.00 early Friday, below its highest level since April. Japan's verbal intervention provides support for the Japanese Yen amid BoJ uncertainty over interest rate hikes and mixed national CPI data. US Dollar recovery slows ahead of key PMI data.
From a purely technical standpoint, the trend is bullish across all timeframes and with the...
GBPUSD is on a downward trend, the price fell sharply late yesterday and it is currently trading around 1,266 and sellers have successfully broken the support level of 1,266. The outlook for further downside as the 34 EMA reverses remains stable. Sales strategy is prioritized.
EUR/USD took a familiar dip this Thursday, retreating to the 1.0700 mark as a lack of economic data from the US supported the Greenback.
As we head into Friday, markets are set for a data-heavy series, including Purchasing Managers' Index (PMI) figures for both the EU and US The outlook remains bearish with the model The price wedge remains intact and the...
Hello Traders,
Yesterday i updated the same idea and hope you took the long and made some profit.
Today's analysis will be the same and all the mentioned level also.
NOTE : NOT A FINANCE ADVICE
Gold price seesaws at the highest level in a fortnight early Friday, after rising the most in five weeks the previous day. That said, a successful breakout of the 50-SMA and a downward-sloping resistance line from May 20 backed the precious metal’s run-up on Thursday. Apart from that, upbeat RSI and bullish MACD signals also keep the XAUUSD buyers hopeful of...
On Wednesday, EUR/USD experienced an uptick as the U.S. markets took a mid-week holiday break. As we move into the second half of the trading week, investors are looking ahead to the Friday PMI data for meaningful insights that could steer market sentiment.
Despite the recent recovery, uncertainty lingers. The pair is still facing significant resistance and a...
Today, EURUSD remains confined within a descending wedge pattern. Key technical indicators, including the trendline and EMA, continue to favor a bearish outlook for investors. As long as the upper boundary of the wedge holds, the selling trend strategy remains the preferred approach with high expectations.
Hello traders! 👋
As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers.
Key Observations:
Current Level: EURUSD is trading near 1.071,...
Dear traders!
Gold price today recorded a slight recovery, the price moved to 2337 USD and in the short term is still supporting this upward movement when from the precious metal analysis chart, it has reached an important resistance level and Get momentum when breaking the trendline.
It is expected that after the trend adjustment, the price will continue to go...
MONTHLY TF:
WEEKLY TF:
DAILY TF:
Overview & Observation:
1. Higher time frame gold is in a bullish trend.
2. Prices failed to form lower low showing strength in buying, confirmation still pending.
3. Channel breakout will be expected to get the confirmation on the long side.
4. Currently trading in a demand zone. Untill that is broken bullish view will...
GBP/USD rose firmly above 1.2700 in quiet trading on Wednesday as GBP traders braced for Thursday's latest outing from the Bank of England, which is expected to hold gains yields stayed at 5.25% even as UK economic data continued to miss the target, but not so badly as to raise fears of an outright recession.
Hello everyone, today USDJPY continues to increase in price on most time frames, the trading level is currently at 158.10 and is still on the path to a new record high.
Accordingly, from technical analysis, we continue to prioritize the buying strategy when the price is high above the two EMA lines and the upward trendline is still stable.
My goal is to increase...
Hello Traders,
Today morning price went up and able to sustain above the level, i am very bullish on gold and will try to plan LONG only untill prices stays above 2336.
next target -
1. 2354.62
2. 2379
3. 2386.97
and i will plan my short if price comes down to 2332.30 and takes the liquidity from the upside. like a fakeout.
all the levels are mentioned in...
Key Points:
USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields.
Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts.
Price Range Forecast: In this environment, gold is...
Gold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors:
Weak retail sales:
US retail sales report was lower than expected, suggesting a decline in consumer spending.
This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the...
Hello everyone! What is your opinion?
In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support
From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well...
