USDJPY is moving in downward trend as the pullback is complete and currently looking for short term selling opportunities in USDJPY.
GBPUSD follows the uptrend and looking for short term buying opportunities in it.
XAUUSD has completed a pullback and again following the Uptrend, Looking for Short Term Selling Opportunities in it.
GBPUSD is oscillating in a 1.20000-1.2126 range for the past 10 trading sessions. The 200-EMA around 1.2027 is acting as a major cushion for the cable. A 40.00-60.00 range oscillating by the RSI indicates of a Potential Trigger. Looking for Buying Opportunities in it, Proper Risk Management Strategies Suggested.
XAUUSD recaptures $1830-1842 as Fed to declare higher interest rate peak, Looking for short term Selling Opportunities in gold., Proper Risk Management Suggested.
GBPUSD is looking for Short term Selling Opportunities.
Looking for Short term buying opportunities in it.
Gold Price Forecast: XAUUSD eyes $1,750 on the road to recovery Gold price is reversing an early dip but remains cautious at the start of the critical Fed week. The rebound in the US dollar from over two-week lows capped the bullion’s ongoing recovery momentum. The greenback climbed on the back of renewed risk-off flows, triggered by a revival of recession fears,...
US Dollar Index in 20-year peaks The index extends the optimism seen at the beginning of the week and trade beyond the 108.00 mark for the first time since October 2002, always underpinned by the unabated sell-off in the euro. The move higher in the dollar comes on the back of diminishing US yields, as recession concerns seem to prompt investors to seek shelter...
Technical outlook From a technical perspective, the RSI (14) on the daily chart is already flashing extremely oversold conditions. This makes it prudent to wait for some near-term consolidation or modest rebound before positioning for any further losses. Hence, any further decline below the 1.0000 psychological mark is more likely to find decent support near the...
Short-term Elliott Wave view in Gold (XAUUSD) suggests the decline from the 6/17/2022 high is unfolding as a 5 waves impulse Elliott Wave structure to complete a wave 3 of higher degree. Down from 6/16/2022 high, wave ((i)) ended at 1783.55 and rally in wave ((ii)) ended at 1814.47. Internal subdivision of wave ((ii)) unfolded as a double correction Elliott Wave...
Technical outlook From a technical perspective, the recent price action constitutes the formation of a rectangle – a continuation pattern - on hourly charts. Sustained weakness below the trading range support, around the $1,733 region, will reaffirm the near-term bearish outlook and make gold price vulnerable. The downward trajectory could then drag the XAUUSD...
USD/JPY – The Greenback rallied against the Japanese Yen at 136.05 at the New York close from Friday’s opening of 135.65. The 10-basis point rise in the benchmark US 10-year bond yield (3.08%) contrasted with a flat finish in Japan’s 10-year JGB rate of 0.24%. Which had more impact on USD/JPY than the assassination of former PM Abe. Looking for Buying Opportunities in it.
Gold Price is giving back the early recovery gains, as bulls face stiff rejection just below the $1,750 barrier once again. An unexpected negative shift in risk sentiment on news that ex-Japanese Prime Minister Shinzo Abe was shot in the chest at an election campaign speech in Nara. He was immediately taken to hospital but reportedly he was showing no vital...
Gold technical analysis At the lower timeframe, the gold prices are forming an Inverted Flag that signals a continuation of a bearish momentum after a rangebound phase. The downward sloping trendline plotted from $1,812.15 is acting as a barricade for the counter. The declining 200-period Simple Moving Average (SMA) at $1,787.75 adds to the downside filters. It...
- EUR/USD snaps four-day downtrend at 20-year low, renews intraday high of late. - Firmer RSI, MACD joins bullish chart pattern’s confirmation to favor buyers. - 100-HMA lures buyers, sellers have a bumpy road to the south. Currently looking for short term buying opportunities in it, Proper Money management suggested.
Recovery appears limited by $1,821, with death cross in play. - Gold Price attempts minor recovery above $1,800 despite firmer Treasury yields. - US-China optimism lifts the overall market mood, as all eyes turn to the Fed minutes. - XAUUSD sees limited upside, as a death cross remains in play on the daily chart. Looking for Selling Opportunities in it,...
NAS100 is in downward trend and looking for short term selling opportunities in it.