Annie_Fiona

Annie_Fiona

The EUR/USD chart is currently showing some positive short-term action, with the price recovering from recent support and approaching a previously identified key resistance zone. Specifically, the chart shows the price trading around 1.11042, with a slight bullish trend from the lower support. This recovery includes a series of green candles, indicating that...

Annie_Fiona

On the charts, gold prices are continuing their strong upward momentum, breaking through key resistance levels and moving towards testing new highs. This is supported by data from the Kitco News surveys, which show strong optimism from both professionals and retail investors on the outlook for gold. Technical analysis on the 4-hour chart shows that gold prices...

Annie_Fiona

The EUR/USD 4-hour chart shows a clear downtrend, with lower highs (LH) and lower lows (HL), indicating a downtrend. However, recently, the price has shown signs of a minor recovery, especially after touching the strong support area around 1.1000. The Fibonacci levels drawn from the recent high to the recent low indicate that the price is attempting to break the...

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In the recent trading session, gold prices recorded a strong growth, breaking through several important resistance levels, and are now approaching the new red resistance zone on the chart. With this increase, gold prices have the potential to challenge higher levels in the near future, supported by several technical and macro factors. The 34 EMA and 89 EMA are...

Annie_Fiona

On the chart, we can see a clear bearish trend in the USD/JPY pair. The 34 EMA and 89 EMA indicate a bearish bias as the 34 EMA has crossed below the 89 EMA, which signals increasing selling pressure. In the current scenario, the price is moving within a bearish channel, with lower highs and lower lows, which further reinforces the current bearish trend. The...

Annie_Fiona

The GBP/USD chart on the 4-hour time frame shows a positive recovery trend after reaching a low at 1.30353. The pair has broken above the 34 EMA and is heading towards the 89 EMA, suggesting that the uptrend could continue if it can solidly overcome these resistance levels. The current price is just below the 0.618 level (1.31431), a strong resistance level. If...

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The current EUR/USD chart shows important reaction levels using Fibonacci levels, which paints a notable technical picture for traders interested in the pair. The 0.618 Fibonacci level ($1.10758) is the key resistance level that the price needs to overcome to confirm the uptrend. This level has seen some market reactions, and if overcome, the price could...

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Gold prices edged up in the US session, reacting to the latest PPI inflation data. The US Labor Department said the PPI rose 0.2% in August, beating expectations for a 0.1% increase. The core PPI also rose 0.3%, but annual wholesale inflation came in at 1.7%, below the 1.8% forecast. The move reflects concerns about inflation and expectations that the Fed will be...

Annie_Fiona

The daily chart for USD/JPY has been showing a clear downtrend since July, with the price consistently below both the 34 EMA and 89 EMA, reinforcing the downtrend. The break of the 34 EMA below the 89 EMA further confirms that the market is in a bearish phase. Currently, the pair is trying to break the 34 EMA, which if unsuccessful, could lead to further...

Annie_Fiona

GBP/USD is currently showing a clear sideways phase, with charts indicating a lack of clarity between key resistance and support levels. The pair has also tested key support levels at 1.2900, an area that has supported previous rallies. The 0.618 Fibonacci level, a technical analysis tool often seen as a potential turning point for reversals, was also mentioned,...

Annie_Fiona

The 4-hour chart of the EUR/USD pair is currently showing a bearish trend with the 34-EMA and 89-EMA moving averages crossing downwards, signaling a strong sell signal. The price is currently hovering around the support zone at 1.10092, and a further decline would confirm the current downtrend. This support level has been a key point of interest during previous...

Annie_Fiona

The gold chart is currently trading in a narrow range, indicating a sideways trend, reflecting the market’s anticipation of news that could have a major impact on prices. This sideways movement occurs between two key levels: resistance near $2,525 and support at $2,472. This stability has been partly maintained by the latest US inflation data, which showed that...

Annie_Fiona

On the 4-hour chart of USD/JPY, the price has broken below the 34-EMA and 89-EMA, suggesting that the downtrend could continue. The immediate resistance is at 142.429, where a temporary top was previously formed. If the price rallies and fails to clear this level, it could be viewed as an opportunity for traders to short. The current key support level is at...

Annie_Fiona

On the 4-hour chart of the GBP/USD pair, we see that the price is currently trading between two EMAs, with the 34 EMA above and the 89 EMA below, which suggests a lack of clarity and could be a sign of a sideways market in the short term. However, the price has just broken below the 34 EMA, which could be the first sign of increased selling pressure. The main...

Annie_Fiona

On the 1-hour chart of the EUR/USD pair. The current price level near 1.10416 could be seen as a temporary balance zone, but with it being below the moving averages, the bearish trend remains strong. An important area to watch is around 1.10788, which could act as a key resistance level in case the price bounces higher. If the price breaks above this level, it...

Annie_Fiona

Amidst volatile global financial markets, gold prices have recently shown a slight increase, mainly due to a series of important economic and political news. Investors’ attention has been focused on key economic indicators such as the US Consumer Price Index (CPI), which is closely watched as it can directly influence the Federal Reserve’s monetary policy...

Annie_Fiona

The USD/JPY chart on the 4-hour time frame shows a gradual downtrend since the recent highs. The main support seen is around 142.000, an area that has held prices back in the past and could continue to do so. The pair’s recent recovery touched the 34 EMA but failed to sustain the upside momentum, signaling that the downtrend is still intact. On the chart, we can...

Annie_Fiona

The 4-hour chart of GBP/USD is currently showing fluctuations in an area that could be considered as important resistance near 1.3065, just below the 34 EMA and 89 EMA. The interweaving of these EMAs at the current price level could be a sign of an impending large move that requires close attention from traders. Investors should watch closely to determine whether...