Alexander_FXTrading

Alexander_FXTrading

The USD/JPY chart is currently tracking a clear bullish channel, with repeated bounces after each minor correction. Having just touched the lower boundary of the channel, the pair has shown signs of recovery, breaking above the nearest resistance level. This makes me confident in the possibility of a continuation of the bullish momentum, especially since the EMAs...

Alexander_FXTrading

The GBP/USD chart has now formed a flag pattern, indicating a potential continuation of the bullish momentum after the breakout. For me, this is a key sign to consider buying. I expect a breakout near 1.32824 and a continuation of the next bullish move.

Alexander_FXTrading

The gold price chart shows a clear upward trend since the beginning of September, with the EMA 34 and EMA 89 both signaling a strong upward momentum. The weakening of the USD, along with global economic stimulus measures and political tensions, have pushed gold prices higher. Especially in the context of major central banks around the world - from the US to...

Alexander_FXTrading

EUR/USD is showing signs of recovery, with the price trading near the resistance at 1.1200. The 34 EMA and 89 EMA have both undergone a crossover phase, which is usually a positive signal, suggesting that the bullish momentum could continue. The current chart shows the pair breaking out from lower levels, heading towards the resistance levels above. Based on the...

Alexander_FXTrading

In the context of the global economy witnessing major adjustments from central banks, gold prices continued to experience a spectacular week of price increases, reaching a new record high. The main reasons were the weak dollar and the continuous decline in US Treasury bond yields, combined with the tense geopolitical situation between Israel and Hezbollah. At the...

Alexander_FXTrading

Gold has continued to rally, hitting new highs on the back of the Fed’s rate cut, which has weakened the US dollar and lowered bond yields. Gold is currently trading at $2,625.00, up slightly by 0.14%. Markets are expecting another rate cut by the Fed later this year, which continues to support gold prices. Technically, gold is currently above both the 34-EMA and...