Cinnamon_Girl

Cinnamon_Girl

USD/JPY has reclaimed the critical 150.00 level during Wednesday’s session, aiming to extend its latest rally. The pair’s strength is supported by increased safe-haven demand for the US Dollar amid rising fears of trade wars, even as speculation grows about a potential BoJ rate hike in December. With a successful breakout from the recent downward price channel,...

Cinnamon_Girl

Hello Traders! Let’s Dive into GBP/USD Today As of now, GBP/USD is showing a modest recovery, up by 0.15% for the day, trading around the 1.269 level. The pair’s upward movement is supported by bullish technical signals, including higher highs and higher lows, as well as the formation of two trendlines that underpin the current price increase. Technical...

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The EUR/USD pair is trading near 1.0490, forming a classic Head and Shoulders pattern on the 1-hour chart. This bearish pattern suggests a potential continuation of the downtrend in the near term. Key Features of the Pattern Left Shoulder: Formed during the initial rise and subsequent pullback. Head: Represents the higher peak achieved before a decline. Right...

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Gold prices have rebounded slightly, trading at $2,639.97 per ounce, marking a modest gain of 0.20% in the past 24 hours. This recovery follows a recent pullback, driven by a stronger US dollar and rising US Treasury yields. The current uptick reflects cautious optimism among investors as markets await critical economic data from the United States. The upcoming...

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Gold is hovering near $2,640, caught between rising USD demand and anticipation of US economic data. Key Levels: Support: $2,591 (lower range). Resistance: $2,680–$2,787 (upper range). What’s Driving Gold? Strong USD due to safe-haven demand and Fed rate speculations. Upcoming US labor data may influence the Fed’s next steps. Outlook: Above $2,787: Bullish...

Cinnamon_Girl

The USD/JPY pair is at a critical juncture, trading near the psychological level of 150.00. With resistance from both the descending red trendline and the ascending black trendline, this area is shaping up to be a decisive battleground for bulls and bears. Resistance in Play The 150.00 zone has proven to be a formidable barrier, aligning with key trendlines....

Cinnamon_Girl

The GBP/USD pair is finding it challenging to regain momentum, weighed down by weaker-than-expected UK retail sales and a modest uptick in the US dollar. The disappointing retail figures highlight ongoing concerns about the strength of the UK economy, further dampening investor confidence in the pound. Adding to the pressure, the US dollar continues to benefit...