The current EUR/USD chart shows the currency pair facing selling pressure as it approaches the resistance zone at 1.08914. This level could hinder further gains, and if it fails to break through, EUR/USD may correct towards the support zone around 1.07684. This is a key level where buyers might seek a bounce opportunity.
The 34 and 89 EMAs continue to act as...
Gold prices nearly reached the 2,800 USD/ounce mark on November 1, driven by concerns over the U.S. election and expectations of a Fed rate cut. However, prices saw a slight decline on November 2 as the market adjusted after a strong rally.
The current XAUUSD chart shows gold attempting to recover from a strong support level at 2,734. This is a critical price...
The XAUUSD chart highlights a clear “battle” at key price levels. Gold has just rebounded from the support at 2,734 and is approaching the resistance at 2,756 – a zone where sellers are strongly defending. The two EMAs (89 and 34) continue to act as “shields,” reflecting the ongoing downward pressure.
With selling force at resistance, the 2,734 support zone could...
USD/JPY is in a stable uptrend, supported by two key EMAs (89 and 34), showing that buying pressure remains strong. However, the resistance at 153.827 could act as a “wall” that halts the upward momentum.
If pushed back, the 151.807 area could serve as a “launchpad” for a bounce. With the current uptrend, a pullback to 151.807, followed by a rebound signal, may...