Mr_Siro

Mr_Siro

Current Price: 2,670.41, moving upward after breaking the descending channel. Resistance: 2,706.86 – Key level to watch. Breakout targets higher levels, while rejection may lead to a pullback. Support: 2,622.78 – Strong demand zone for potential bullish rebound. Strategy: Buy on breakout above 2,706.86 or bounce near 2,622.78. Sell if rejection occurs at resistance.

Mr_Siro Updated 

The EURUSD pair remains under pressure, trading near 1.0590 as sellers continue to dominate the market. Recent attempts to recover have been capped near the highlighted resistance zone, aligning with key moving averages, reinforcing the bearish sentiment. Technically, the pair shows a clear rejection at resistance levels, suggesting further downside potential. If...

Mr_Siro Updated 

On November 18, gold prices soared nearly $50, breaking a six-session losing streak as the U.S. dollar paused its rally and the Russia-Ukraine conflict intensified. Spot gold closed the session at $2,611 per ounce, recovering from a two-month low. The sharp rise in gold was partly fueled by U.S. President Joe Biden's announcement allowing Ukraine to utilize...

Mr_Siro

GBPUSD continues to fluctuate near the 1.2670 level, with recovery prospects overshadowed by a prevailing downtrend and key market dynamics. Market Influences -UK Data: Weak retail sales and manufacturing output have weighed on GBP sentiment. Upcoming inflation or GDP data may trigger volatility but remain under bearish pressure. -Fed Policy: The Fed's hawkish...

Mr_Siro Updated 

Gold closed the week with relatively stable movements, trading around $2,563 with a slight recovery, though the overall trend remains bearish. Despite minimal changes in price, gold stayed near its two-month low as the U.S. dollar continued its strong rally. The robust performance of the dollar and reduced expectations of aggressive rate cuts by the Federal...

Mr_Siro

The GBPUSD pair remains under bearish pressure as it trades near 1.2616, consolidating within a downward trend. Recent price action highlights a breakout below key support levels, reflecting the dominance of sellers. Technical indicators such as the EMA 34 and EMA 89 confirm the downtrend, while resistance levels near 1.2664 continue to cap any upward attempts....

Mr_Siro Updated 

The current downtrend in the EUR/USD pair is evident, with the price testing a critical support level around 1.0550. Over the past few months, EUR/USD has consistently depreciated, largely driven by the strengthening of the USD and unfavorable factors for the Euro. This support level has previously acted as a From a technical perspective, if this support zone...

Mr_Siro

Last week’s trading session saw EURUSD lingering near its lows with minimal movement. Currently trading around 1.508, the pair remains favorable for sellers, driven by sustained bearish momentum. The U.S. dollar continues to gain strength, fueled by policies linked to the Trump administration, further weakening the euro. On the technical front, bearish signals...

Mr_Siro Updated 

The GBP/USD pair is currently trending downward, with prices continuing to slide after encountering resistance. At present, the pair is hovering around the 1.2685 mark, with potential for further declines if it fails to recover above the resistance zone. This area around 1.2875-1.2972 has proven to be a significant resistance level, where sellers have previously...

Mr_Siro

GBPUSD is currently facing downward pressure, trading near resistance zones around 1.27796 and 1.28758. Recent price action has shown a struggle to gain upward momentum, with sellers stepping in around these resistance areas. This setup suggests a potential continuation of the bearish trend, especially if the pair fails to break above the highlighted resistance...

Mr_Siro Updated 

The current gold price is testing support around $2,560, reflecting a downward trend that began after reaching recent highs. The resistance at $2,607 has proven resilient, contributing to the bearish sentiment as prices struggle to regain momentum. If gold fails to establish a reversal pattern above this support level, we could see further declines toward the...

Mr_Siro Updated 

The EUR/USD pair is currently facing a strong resistance zone around 1.0710, which could determine its next directional move. Recently, the pair has shown a bearish trend, with each attempt at recovery met by selling pressure at key levels. If sellers maintain control, there is potential for further declines toward lower support levels. From a technical...

Mr_Siro Updated 

Global gold prices have seen a sharp decline, with spot gold dropping by $24.7 to $2,597.9 per ounce, marking the lowest level in nearly two months. This downward trend reflects the pressure from a robust recovery of the US dollar, as the US Dollar Index has climbed to its highest level in four months. This strength in the dollar makes gold more expensive for...

Mr_Siro

The GBP/USD pair extended its decline, dropping below 1.2810 in Tuesday's trading session at the time of writing. The U.S. dollar remains robust as Trump-related trades continue to gain momentum, keeping the downward trend in the major currency pair intact after breaking through chart-marked support levels. On the USD side, the potential for the Trump...