GBPUSD picks up bids to extend the previous day’s rebound from an eight-month-old ascending support line as the Cable traders await the Bank of England (BoE) monetary policy decision on Thursday. While recovering from the stated support line, the Pound Sterling respects the upward-sloping RSI (14) line and the bullish MACD signals, which in turn suggests the...
Dear friends, Gold is currently narrowing its price range, indicating a significant decline in the near future. However, in my opinion, this adjustment is only temporary as the conflict in the Middle East is considered noteworthy and the current trend of Gold depends on it.
This decline could bring Gold back to its support level around $1950. Maintaining a strong...
Today, the USD/JPY pair is attracting a lot of buying activity on the first day of the new week and seems to have halted its retreat from the 150.75-150.80 level, the highest since October 2022 touched last week. However, Samson still maintains faith in the price and this currency pair is currently trading around the 149.70-149.75 area. It has gained less than...
Continuing to consolidate after breaking the resistance level of the triangle. The retest of the support level has formed, but the market reaction is still weak. The market is anticipating news to come in on Wednesday.
Market volatility has decreased as traders await upcoming news. The situation in the Middle East has not improved, leading to increased interest...
Hello everyone! Let's explore the Gold market with Samson today.
On Wednesday, we have ADP and interest rate announcements.
On Thursday, we have unemployment figures.
On Friday, we have Non Farm data and news about the war, which also needs to be monitored. But currently, the situation is still unclear as communication has been cut off. You need to be...
Softer prints of the Eurozone inflation joined the overall risk-off mood and slightly upbeat US data to drag the EURUSD pair down on Tuesday. Adding strength to the bearish bias are the hopes of witnessing one more rate hike from the US Federal Reserve (Fed) during 2023, as well as the bearish MACD signals and steady RSI. However, a one-month-old ascending trend...
USDJPY bounces off 200-SMA while testing the previous day’s rising wedge confirmation as Yen traders respond to the Bank of Japan’s (BoJ) inaction. With this, the risk-barometer pair not only challenges the bearish chart pattern but also teases the buyers, especially amid the looming bull cross on the MACD and a quick rebound in the RSI (14) line. However, the...
The global gold market has witnessed strong buying activity in the past two weeks. Investor demand for safe havens has increased amidst escalating tensions in the Middle East. Gold prices have marked their third consecutive week of gains.
At the time of writing, the Gold market is trading at $2000. Based on the 1-hour psychological level analysis chart, $2000...
Dear readers, USDJPY is maintaining a strong upward trend above the 150.00 level, but it is currently trading relatively calmly as it fails to surpass the resistance level at 150.49.
At the time of writing, the price is trading at 150.20. In my opinion, it would be wise to retest the previous breakout zone around 150.05 or look for support levels lower around...
AUDUSD prints a three-day winning streak on upbeat Australia Retail Sales for September during the initial trading hours of an eventful week comprising the FOMC and US NFP. In doing so, the Aussie pair extends the previous week’s rebound from a monthly support line while also justifying the bullish MACD signals and the upbeat RSI (14) line. With this, the pair...
Bitcoin has been on a roller coaster ride in recent weeks, but it appears to have found some stability near the $29,000 level. The cryptocurrency took support from the white line on the chart, which is a key Fibonacci retracement level.
Now, Bitcoin is facing resistance at the $30,000 level. If it can break through this resistance, it could be on its way to...
Dear friends, Crude oil prices are forecasted to potentially increase to $150 per barrel. Global inflation is likely to rise to 6.7% in 2024.
Instability can quickly push up the price of gold. However, in the short term, gold is facing pressure from a strengthening US dollar.
At the time of writing, Gold is trading below the $2000 mark, currently trading around...
Dear readers, The market's attention is currently focused on the upcoming release of the Personal Consumption Expenditures (PCE) index, which is expected to be published on Friday. The data is anticipated to provide further clues about the Federal Reserve's policy meeting next week.
Regarding the outlook analysis: Gold, a safe-haven asset used to hedge against...
Dear esteemed comrades,
At the conclusion of yesterday's trading session, gold has gained a dominant position in terms of price increase. As of the time of writing this piece, gold is trading below the $2000 mark.
In the current context of gold:
- Amidst ongoing tensions in the Middle East, concerns about political instability are expected to persist in the...
Nifty Analysis
Recap from yesterday: “For tomorrow, I wish to maintain my bearish stance and expect Nifty to trade between 18880 and 18762. If we break 18762, my next target would be 18597.”
Nifty took a breather today, opened gap up around the 18930 area and rose steadily. We did not retouch or break the low of 25 Oct ie 19075 zone, slightly indicating that the...
Dear friends, GBPUSD is showing a noteworthy recovery, but the downward trend is still considered strong as it approaches the lower limit of the descending channel. The target for this decline is set at 1.2000. What are your thoughts? Do you agree with me?
Bitcoin looks like it wants to pull back before advancing higher!
CRYPTOCAP:BTC appears to have formed an ascending triangle on the hourly chart. As #BTC
trades below the hypotenuse, the odds increase for a 5% correction toward $33,000.
#bitcoin #cryptocurrency #ethereum #blockchain #priceaction #technicalanalysis #onchain #btc #usdt #pull #analysis...
SBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
