Hello traders, what do you think about GBPUSD? This pair of money has reached under the resistance area. On the other hand, his economic data is weakened. It is expected that it will decrease at least to the point that is specified with the upward adjustment and reaching the specified resistance area.
Today, GBPUSD continues to string of losses, reaching the lowest level for months. Currently, the price is trading at 1,2238 and there is no sign that it will prevent the downtrend. On the other hand, along with the weak economic data in the UK, the British bank (BoE) must tighten the policy. Therefore, the increasing difference in policy between the Federal...
The world gold price today listed in Kitco at 1,931.7 USD/ounce.
It can be seen that today Gold passing the US Federal Reserve (Fed) decided to keep the interest rate between 5.25% to 5.50% at the Monetary Policy Meeting. Looking at the technical picture on H4 time frame, gold is in a main trend of increasing, so we may follow that trend and target higher at the...
AUDUSD breaks a three-week-old rising support line even as Australia’s Monthly Consumer Price Index (CPI) matches upbeat market forecasts for August with 5.2% YoY figures. The trend line breakdown joins bearish MACD signals to keep the Aussie pair sellers hopeful. However, the RSI (14) line is approaching the oversold territory and hence suggests a limited room...
Today, NZDUSD is currently trading around the price of 0.595 after facing a significant selling pressure close to the psychological resistance of 0.6000. It has formed a two vertex model on the 4 -hour chart.
From Samson's personal point of view, it is likely that a short -term decrease adjustment in the short term, with the exchange rate under the trend line and...
Hello dear traders! Today NZDUSD continues to shine when it maintains its stable increase at $ 0.595. And still in the trend of increasing, constantly receiving support. In particular, New Zealand economic data seems to have better recovery than expected.
The US dollar index (DXY), measuring the value of the greener compared to other main currencies, is having...
Hello traders. What do you think of gold? On the 4 -hour time frame we can see that gold is trying to recover the hole of the previous day, currently trading at 1927 USD.
However, with the influence of the interest rate of the US Treasury bonds for many years, this is capable of preventing the significant increase in gold price.
According to Samson's own...
GBPUSD stays depressed at the six-month low even as bears struggle with a horizontal area comprising multiple levels marked since early February. Also challenging the downside bias is the oversold RSI (14) line. With this, a corrective bounce toward May’s bottom of around 1.2310 can be witnessed. However, the 200-SMA on the daily chart, around 1.2435 at the...
Chart Type - Heikin Ashi
Time Frame - Daily
Indicator:-
1. Moving Averages (For entry and exit)
2. Fibonacci Retracement (For support and resistance)
The price has successfully tested its Fib retracement level of 23.60% which is 179.15, the level acts as a strong support. Also the moving averages came close to each other showing the...
USDJPY stays defensive at an 11-month high, losing upside momentum after a three-week winning streak, as market players await this week’s key Japan inflation data, as well as the US Durable Goods Orders. Also, sluggish RSI (14) line and MACD signals add restrictions to moves and challenge the Yen pair buyers. Furthermore, a rising wedge bearish chart formation...
Hello traders? What do you think about Audusd? This pair of money broke the long -term trend and under the resistance area. It is expected that it will decrease to the level after increasing the broken area. If the post is useful, please and comment.
Hello traders, what do you think about EURUSD? This pair of money is currently trading around 1,064 when it is not possible to escape the resistance of 1,067 and a strong support area of 1,063. It is expected that it will increase to a decrease in the broken area
