Greetings everyone! XauUSD is still maintaining its stability above USD 1851 per ounce, experiencing a rise of 16 USD per ounce compared to the previous weekend. Throughout this week, the market will be eagerly anticipating the release of the US September Production Price Index (PPI) report on Wednesday and the Consumer Price Index (CPI) report on Thursday. These...
Dear traders, greetings! Gold remains steadfast in its price trajectory, currently being traded at 1860 USD per ounce, which reflects a rise of 12 USD per ounce since the early morning. In light of the ongoing crisis, the value of the dollar has increased in comparison to several other robust currencies. Nevertheless, since the US and Canada markets are closed in...
BTCUSD is slipping from its highest level of $28,000, currently trading at around $27,130 with no signs of cooling down. The breaking of $27,405 indicates a downstream signal. Support levels at $26,779 and $26,221 are now being targeted.
Hello dear friends! Gold showed little volatility today as the market moved sideways around the range of 1864 - 1854. It is currently trading at 1866 USD. It seems that the market is focusing on the upcoming PPI and USD news to be released today and tomorrow. This could be important news for gold at this time. For this reason, gold buyers are expected to push the...
Dear beloved friends, Gold continues to rise as predicted and is currently trading at $1882. The main reason for this is the news from last night, which caused the USD to cool down and retreat to a defensive level. Let's delve into the technical analysis a bit: Gold is facing a challenge near the $1900 region (resistance level). It is highly likely that after...
Elliott wave analysis:- Running Flat took place with B wave as triangle. now an upside move is expected. i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Gold Price reverses the post-US inflation retreat from a two-week high as market players await more consumer-centric details on early Friday. In doing so, the XAUUSD bounces off 100-SMA and justifies the firmer RSI (14) line. However, bearish MACD signals will join a two-month-old horizontal resistance area surrounding $1,880-85 to provide a tough fight to the...
The USDJPY is currently undergoing a correction in relation to the support level in the context of the corrective movement of the DXY (Dollar Index). Logically, in an uptrend, the support level would push the price higher, but what could happen? On the daily timeframe, the DXY is forming a correction towards a significant support level, which could lead to a...
Samson greets everyone! Currently, the GBP/USD pair has gained momentum and reached a two-week high at 1.2250 after today's trading session. The positive shift in risk sentiment has made it difficult for the US Dollar (USD) to find early demand on Tuesday, thereby boosting the GBP/USD exchange rate. At the time of writing, the UK's FTSE 100 index has risen by...
EUR/USD is showing a positive trend at $1.0609. If the Federal Reserve officials are not confirmed, this currency pair may continue to rise. The main resistance levels are at 1.0655 and 1.073, with support levels at 1.056 and 1.053.
GBPUSD seesaws at a three-week high ahead of the UK data dump, probing a six-day winning streak. However, the RSI (14) line steadies near the overbought region and joins a looming bear cross on the MACD to suggest that the bulls are running out of steam. With this, a pullback towards the late September swing high of around 1.2270 becomes imminent but a convergence...
MAJOR TECHNICAL LEVEL R1 : 1873.47 | R2 : 1875.09 | R3 : 1878.05 S1 : 1864.31 | S2 : 1865.93 | S3 : 1868.89 CANDLESTICK FORMATION Inverted hammer candle formation in intraday time frame. There are major technical indicators show strong buy zone in hourly, daily and weekly time frame.
Greetings! It appears that the upward movement of USDJPY came to a halt at 149.15. The currency pair failed to reach the anticipated level of 150.00 as a downtrend formed, and currently, it is being traded at 148.88. Samson suggests that there is a possibility of revisiting the significant level of 147.80. Additionally, Samson still holds a positive outlook on...
Greetings, 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...
Samson greets everyone! Today, GBPUSD continues to strengthen its upward momentum from the recent decline at 1.207 and is currently trading at 1.222. In terms of prospects, this currency pair is expected to experience a slight increase, touching the downward trend and then being rejected towards the support level of 1.2300. This level is considered a strong...
Hello 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...
Elliott Wave Analysis:- As we said in previous view :- "if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked." 2nd View took place and one correction wave was completed. we may expect a retracement to the level of 2695 - 2720. else we may expect an impulse move from here and we need to...
Greetings, 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...