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...
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...
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.
