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...
What are your opinions on the USDJPY currency pair?
The value of USD/JPY has surged to its highest level in several years, reaching 151.000 as the Japanese yen weakens and the US dollar strengthens.
This turnaround at such levels is believed to be a result of possible intervention by the Bank of Japan (BoJ). According to MUFG analysts, a yen weaker than 150.000...
Hello dear friends, let's discuss and plan our strategy for the new day with RKrina!
EUR/USD has successfully surpassed the important barrier of 1.0900, driven by significant downward pressure on the US Dollar following the Federal Reserve's decision to maintain interest rates and indications of potential rate cuts three times this year.
The 4-hour chart...
Hello everyone, are you curious about the upcoming trend of USDJPY?
USD/JPY hit a year-to-date high near 151.50 early Wednesday, as the Japanese yen fell to a multi-month low following the BoJ's mild interest rate hike on Tuesday. Fed hawkish expectations will strengthen the dollar and further support USD/JPY.
If the pair is breached and successfully clears...
Today's Gold Trading Strategy:
In the current global market, the price of gold has surged to a new all-time high of $2,197 per ounce, representing a significant increase of $40 per ounce since the early morning hours. This marks a new milestone as the highest price ever recorded.
The rapid ascent in gold prices is a result of the Federal Reserve's decision to...
The GBP/USD pair gained momentum in the early hours of Thursday's Asian trading session. This increase was driven by the weakening of the US dollar following Federal Reserve Chairman Powell's cautious press conference.
Additionally, the 1.2760 level, representing the 0.618 Fibonacci retracement of the latest uptrend, is currently seen as the initial support level...
Hello everyone, today USDJPY continues its recovery streak and is fluctuating around the 147.65 level after receiving some price-boosting momentum from yesterday evening when the USD rebounded and started to recover.
The currency pair has formed a new support level around the 146.75 region. The Japanese Yen (JPY) has struggled to capitalize on modest gains during...
Hello, beloved friends! Let's together explore the heartbeat of the EURUSD market today!
In this calm trading session on Wednesday, EURUSD remains at 1.086, reflecting the closing level from yesterday.
The strength of the US dollar continues to challenge riskier assets, bolstering the US Dollar Index (DXY) and impacting the slight decline of EUR/USD.
From a...
Welcome, dear friends, to our exploration of the tranquil waters of the gold market yesterday, where prices gently oscillated around Friday's closing figure of approximately $2159, in a serene anticipation of significant news expected to break on Thursday.
Gold remains ensconced in its downward trend, encased within an unbroken parallel channel that signals the...
Currency Pair - USDMXN
I am seeing a good trading opportunity in USDMXN.
Taking long positions here at CMP 16.66200
My SL would be 16.60000
Target I'm expecting is 17.00000
That's 1:7 RR trade.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
XAUUSD Strategy:
Hello dear friends! As of now, gold continues to follow a downtrend, limited below the trendline on the chart, with a current price of $2155 USD.
We may consider continuing to sell gold in the $2055 - $2058 USD range, placing a short-term profit for today at $2145 USD.
The price of gold today (20/3) slightly declined compared to the previous session following new economic data from the United States last night. Meanwhile, the US dollar continues to strengthen in the international payment basket.
At the same time, the Federal Reserve of the United States (Fed) convened its first meeting in March, which will last for two days....
Hello dear friends! What do you think about the current trend of EURUSD?
Today, EURUSD continues to decline, seemingly trying to gather strength to bounce back as the US dollar strengthens for the third consecutive day.
Currently trading near the 1.0849 level, a quick look at the technical analysis chart shows that the downward momentum is still leading. As a...
Amidst the forex markets, the USD/JPY pair is exhibiting remarkable bullish momentum, poised for a potential breakthrough to extend its upward trajectory. This superbullish sentiment reflects a confluence of factors, including robust economic data, shifting monetary policies, and geopolitical dynamics. Traders and investors alike are eagerly awaiting the decisive...
Hello everyone, as we predicted, GBPUSD has continued to decline under the strength of USD's recovery. The current trading price is 1.268, firmly holding within the downtrend channel.
The next target is to push this pair up to the support level of 1.2625, after all the previous important defensive measures have been broken by sellers.
So what about you? Do you...
