The EUR/USD chart is currently showing a clear bearish trend as the price continues to stay below both the Bollinger Bands and the SMA. In particular, the downward cross of the SMA by the price line indicates that the bearish momentum is still very strong. From a technical perspective, the next important support level could be at 1.0390, if the downtrend...
EUR/USD on the 1-hour chart is currently showing signs of a slight recovery from the lows around 1.0520. However, the main trend is still tilted to the downside as the EMA 34 and EMA 89 continue to lie above the price, reflecting that selling pressure has not abated. Personally, I think the bearish trend is still dominant and the 1.0560 area will be the deciding...
After a strong rally, gold is facing some downside pressure from its new highs. Specifically, the daily chart shows that gold has hit a key resistance level at $2,678/oz and is currently showing signs of a slight recovery. Personally, I believe that gold is still in the accumulation phase after a strong rally, and the selling pressure may not be over yet. The...
On the hourly GBP/USD chart, it is clear that the British pound is under pressure. The price is currently trading below both the 34 EMA and the 89 EMA, which is a sign that the downtrend is still intact. The fact that the 34 EMA is below the 89 EMA suggests that the downtrend could extend. In recent hours, it seems that the price has tested the support around the...
The EUR/USD chart is showing a clear bearish trend, with the price moving below both the 34 and 89 EMAs, indicating strong selling pressure. The 34 EMA has crossed the 89 EMA and is heading downwards, further reinforcing the bearish trend. The fact that the price continues to stay below these two EMAs is not a very optimistic sign for those who are expecting a...
USD/JPY is trending around 155, after a slight decline from the peak near 155.5. On the H4 chart, the price is testing the EMA 34, while the EMA 89 provides strong support at 154.0. The nearest resistance is at 155.5, if broken, the price may continue to increase to the 156 area. On the contrary, if strong selling pressure causes the price to break the EMA 34,...
World gold prices continued to increase for the third consecutive session, currently trading around 2,650 USD/ounce, up a total of 88 USD in the past three days. The main driving force of the uptrend comes from safe-haven demand due to escalating geopolitical tensions between Russia and Ukraine, along with the potential impact of US President-elect Donald Trump's...
Gold is currently trading around $2,638/ounce, continuing its strong rally after rising $48 in the previous session. The main drivers of the rally are geopolitical tensions and the stability of the USD. Gold is in a strong recovery phase from its low around $2,580. However, the medium-term downtrend has not been broken yet as the EMA 89 is still acting as...
Both EMA 34 and EMA 89 are sloping up, creating a strong uptrend support structure. This is a positive signal for buyers. The price is consolidating around the 154.50 - 155.00 area, close to the psychological resistance. The recent upward momentum is still maintained, but there are signs of slowing down. USD/JPY is still receiving support from US bond yields, as...
The price zone of 1.06575 - 1.07100 (Fibonacci level 50%-61.8%) acts as strong resistance. This is also the area where the sellers are likely to increase pressure. Price action scenario: Currently, the price is in a recovery phase near the above resistance zone. If the sellers defend the 1.06575 zone well, the price will likely continue to decline sharply. ...
Gold prices have recovered strongly to $2,610/ounce in today's trading session, up $48 in just the past 24 hours. This move shows increased bottom-fishing demand after the precious metal fell a total of more than $120/ounce in the previous five trading sessions. Technical Analysis Looking at the gold price chart, the EMA 34 and EMA 89 still show a medium-term...
USD/JPY is currently trading around 154.57 after a strong rally. It seems that the bulls have run into pressure at the 155.00 resistance zone, while technical and market sentiment factors are also influencing the next direction of the pair. Technical analysis: Nearest resistance: 155.00 - a strong psychological resistance zone where the price is struggling to...
Currently, GBP/USD is trading around 1.26857, indicating a slight recovery after the previous extended bearish phase. The British pound is showing more positive signs, however, the pressure from the EMA 89 resistance has not been completely broken. The GBP/USD pair remains in an overall downtrend, confirmed by lower highs and lows. The EMA 34 and EMA 89 continue...
On the EUR/USD 4-hour chart, the bearish bias remains dominant. The pair is attempting to recover from the recent low at 1.0540, however, the important resistance zone around the 34-EMA (1.0600) is holding back the upside momentum. If EUR/USD fails to overcome the resistance zone of 1.0600 - 1.0620 in the coming sessions, selling pressure will return strongly,...
I am watching the recovery in gold, currently trading around $2,586/oz. With the USD rising sharply after President-elect Donald Trump's victory and expectations of higher inflation, the Fed is likely to maintain high interest rates. This is creating significant pressure, making it difficult for gold to continue to break above the 34-EMA and 89-EMA. In addition,...
Currently, EUR/USD is trading around 1.0540, in a clear price compression zone. The 34 and 89 EMAs still show that the downtrend is dominant. The price remaining below these EMAs further reinforces the selling pressure in the market. Technical analysis: Nearby resistance: 1.0560 - the 34 EMA zone, where the price may face strong selling pressure if...
Looking at the 4-hour chart of GBP/USD, I notice that the pair is in a clear downtrend, with the EMA 34 and EMA 89 both sloping down, indicating strong selling pressure. The current price is approaching the bearish support line below the 1.2740 area. The psychological resistance zone around 1.2800 – 1.2850 has been tested several times but failed to break above....
Looking at the USD/JPY 4-hour chart, I see that the uptrend remains quite strong, with the price trading above both the 34 EMA and the 89 EMA, suggesting that the bullish momentum continues to hold. Based on the Fibonacci extension analysis, I am particularly interested in the 1.618 level around 157.00, which could be the next key resistance. I expect a...