EURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day. Adding strength to the bearish bias is the looming bear cross between the 100-day SMA and the 200-day SMA, as well as the steady RSI (14) line. However, three-week-long horizontal support surrounding 1.0500 joins the bullish MACD signals to restrict the...
Hello dear friends! Currently, gold continues to show positive growth with prices reaching a high of $1886, the highest in two weeks. This upward trend is driven by increasing expectations of higher interest rates from the Federal Reserve. This data further strengthens the likelihood of the Fed tightening monetary policy. As a result, US Treasury bond yields...
A Continuation Wedge (Bullish) is a technical chart pattern often observed in financial markets, particularly in price charts of stocks, currencies, commodities, and other assets. This pattern is characterized by its appearance during an uptrend and signifies a temporary pause or consolidation before the prevailing uptrend resumes. Here's a breakdown of its...
Currently, USDJPY is gradually approaching the 150.00 level after receiving strong support from the 137.30 support level. USD/JPY aims to regain its three-day winning streak, trading around 149.80 in today's trading session. This pair has gained price support due to a series of optimistic economic data from the United States (US). Looking at the technical...
Brent oil buyers take a breather after posting the biggest daily jump in six months as the overbought RSI (14) line prods the energy bulls below a three-week-old horizontal resistance surrounding $92.50. However, a clear upside break of the 200-SMA and bullish MACD signals suggest further upside of the black gold price. Hence, the quote is likely to cross the...
Hello dear friends, Gold today has shown its first signs of decrease after a week of continuous price increases. Currently, this precious metal is trading at $1873. With higher-than-expected inflation data announced on Thursday (US time), it has taken away the gains that gold had previously enjoyed due to safe-haven buying pressure, forcing the Federal Reserve to...
Ashok leyland opened flat but during today's session the price dropped more than 3%. A strong body red candle broke the support of 175.90 which is a shallow pullback retracement level of 23.60%. Also it's important to mention that the moving averages are in a bearish cross. So, all these indicate a downtrend. The next important level to consider is 166.80 which...
NSE:JAGRAN Stock trade nearby breakout level. Entry point is at least 1 day candle close above the price level 117. target is 150 to 155. Stoploss is close below the price level 94.
Currently, the EURUSD exchange rate has regained momentum and risen to its highest level in two weeks, trading at 1.0625 at the time of writing. Since its last decline at 1.0447, the EU seems to have found support at this significant level. Currently, the price is approaching the resistance level at 1.0640. By maintaining its current upward momentum, there is a...
Currently, USD/JPY has ended its two-day uptrend and is trading lower around the 149.00 level in the Asian trading session on Thursday. The USD/JPY exchange rate is facing challenges due to the possibility of the Federal Reserve (Fed) ending its interest rate hike cycle. Accordingly, the Federal Reserve of the United States (Fed) will abandon the idea of raising...
Hello dear traders! It's great to see you all again for this week's Gold chat. As predicted over the weekend, Gold has indeed opened strong today, maintaining its upward momentum. The sellers were unable to break through the $1800 support level, resulting in a robust price surge to reach $1850. The market will be eagerly awaiting the release of the US Producer...
Hello dear friends! Samson is pleased to be here to chat and analyze today's market. Currently, Gold is maintaining its recovery level since it last dropped to $1810. On the 4-hour chart, we can observe that Gold is in an upward trend but consolidating around $1822. Gold has successfully reached the earlier forecast by Samson. Currently, Gold is trading around...
Gold continues to rise today as the market received positive news from the PPI. Currently, gold is trading at a high level since the beginning of the week and reaching a trading level of 1877 USD. Regarding prospects: The IGCS index indicates that about 83% of retail traders have a long position on gold. This suggests that prices may continue to decline in the...
Today, with the stronger US dollar, the EUR/USD pair has been pushed down from its weekly high of 1.0630 to 1.0520. Economic data from the US reflects continued support for the greenback, combined with higher interest rates, putting downward pressure on this currency pair. For these reasons, gold sellers will continue to push the price of gold down, currently...
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...