Annie_Fiona

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...

Annie_Fiona

The EUR/USD pair is currently in a deep downtrend as seen on the 4-hour chart, with the EMA 34 having crossed below the EMA 89, which is not only a sign of a downtrend but also suggests that the selling may not be over yet. The price remaining below both EMAs for several consecutive sessions further reinforces the current downtrend and the lack of solidity in the...

Annie_Fiona

Gold prices on September 10 witnessed a positive start, reaching $2,505/ounce, up $7 compared to the end of last week. However, this increase was quickly limited by the recovery of the US stock market, with the Dow Jones, Nasdaq, and S&P 500 all recording significant increases. This shows that investors are shifting money from gold to stocks, looking for...

Annie_Fiona

The 4-hour chart of GBP/USD currently shows stability in a narrow range, with prices fluctuating slightly around the 1.3050 to 1.3150 region. This stability could be a sign of a consolidation period before a larger move, depending on new fundamentals and global market developments. The GBP/USD pair is currently testing the resistance at 1.3150, with a failure to...

Annie_Fiona Updated 

Amid the latest US labor market data from the Labor Department showing weaker-than-expected job growth, gold is likely to trade in a narrow range before breaking out as recession fears mount, raising expectations for more Fed easing. On the chart, we can see that gold is in a short-term sideways trend, but with a potential upside bias due to fundamentals. The...

Annie_Fiona

The EUR/USD chart is currently showing some significant volatility on the 4-hour timeframe, amid the recent release of US jobs data. The data fell short of expectations, but still showed strong growth compared to the previous month. The pair is currently trading around 1.1079, with wide swings within the defined range between 1.1050 and 1.1110. Important...

Annie_Fiona

At the end of the week, the world gold price traded around 2,497 USD/ounce, with strong fluctuations during the week but not out of control of investors. In particular, the US employment report put great pressure on the market. On the daily chart, gold has formed a "sideways" pattern over the past month, reflecting the market's hesitation over economic data and...

Annie_Fiona Updated 

The 4-hour chart of GBP/USD shows that the 34 EMA is stable above the 89 EMA, which is a clear signal of the strength of the current uptrend. This superiority is not only a sign of bullish momentum but also reflects the underlying optimism in the market, which can be triggered by factors such as positive news from trade negotiations or positive economic data from...

Annie_Fiona

With the RSI below 50, a mild downtrend is forming. The next key support levels are at 1.1080 and 1.1040, while the nearest resistance is at 1.1100, followed by 1.1140. The latest US labor data, which was weaker than expected, could impact the Euro, causing the market to re-evaluate the Fed's monetary policy expectations. EUR/USD is likely to trade in a narrow...

Annie_Fiona

Amid the upcoming release of key US economic indicators, including Non-Farm Employment Change and the unemployment rate, the gold market is preparing for a surge that could take prices to $2550/ounce. The technical analysis on the 4-hour chart of gold has shown some strong bullish signals. With the 34 EMA crossing above the 89 EMA, a short-term bullish trend is...