Hello,Friends! USD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level...
to day news + trend analysis validity : 3 day sentiment : sell
Hello everyone, let's explore how gold prices are likely to fluctuate this weekend! Currently, gold is hovering around the 2345 USD mark, showing little change compared to the beginning of the trading session. The current trend is in a consolidation phase, waiting for new data from the much-anticipated U.S. Core Personal Consumption Expenditures (PCE) Price...
Welcome to our financial bulletin! Once again, the cryptocurrency market has become the center of attention with the emergence of a staggering net inflow in the Bitcoin ETF sector. The inception of a Bitcoin ETF has provided a positive shock to investors. Over the past weekend, a net flow of $49 million USD was recorded, prompting the entire market to pause and...
Sure, here is the revised version in English: Hello everyone, today the EUR/USD remains in a downtrend. Despite a brief recovery yesterday, the pair continues to head towards the 1.0800 level in the early trading hours of the final session of the week. The outlook still favors sellers as EUR/USD remains below several key resistance levels and follows the...
Welcome to my USD/JPY market analysis. In this article, we will delve into the day's USD/JPY price action, conduct technical analysis, examine influencing factors, and provide forecasts for USD/JPY's future trajectory. USD/JPY experienced a rather volatile trading session on June 1. The pair opened at 135.20 JPY/USD, subsequently ascending to its intraday high of...
Let's delve into the current gold price situation and employ technical analysis to anticipate its future trajectory. Support: Currently, a strong support level for gold prices lies around $2350 USD/ounce. This zone has repeatedly witnessed gold prices rebounding during recent trading sessions. Resistance: A crucial resistance level is currently positioned at $2380...
Gold prices saw a modest increase on Friday due to a weaker US dollar and lower US bond yields. Traders are increasingly betting that the Federal Reserve will cut interest rates this year following the recent weaker US GDP data. Additionally, geopolitical risks and conflicts in the Middle East could further support the precious metal. However, in the short term,...
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Hello investors, let's delve into the details of the USD/JPY currency pair following the inflation CPI data from Tokyo, Japan. Information on the Consumer Price Index (CPI) in Tokyo, Japan, has garnered attention in the forex market. USD/JPY has recently undergone a significant uptrend. This growth may be linked to the inflation CPI data in Tokyo,...
Welcome investors to today's market update, where we will delve into the developments of the XAUUSD forex pair. The XAUUSD currency pair is drawing special attention from the Forex trading community. Meanwhile, data on the Personal Consumption Expenditures (PCE) index of the United States is also the focus of the market. XAUUSD has experienced a modest growth...
Hi guys, this is my overview for XAUUSD. Gold prices are exhibiting a slight upward trend this morning. Global gold prices have increased by 0.16% compared to yesterday, reaching $2,342.52/ounce. The primary drivers behind this price increase are concerns over high inflation and geopolitical tensions. However, the upward momentum of gold prices could be...
Greetings traders and welcome to my EURUSD analysis for today. The market has presented some notable movements that we'll delve into: EURUSD has continued its mild decline across all timeframes. The 1.0570 support level has been breached, indicating a potential continuation of the downtrend. RSI and Stochastic: Both indicators remain in oversold territory across...
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Hello dear readers, today we'll take a look at the current situation of gold prices in both international and domestic markets, aiming to provide investors with a comprehensive view of the metal's trends. The Federal Reserve's continued maintenance of high interest rates to control inflation has exerted pressure on gold prices. High interest rates often increase...
Hello everyone! Today is May 30, 2024, and the gold market is experiencing some exciting fluctuations. Let's take a look at today's gold price situation! Today's gold prices have seen several fluctuations due to the rise in the USD, making gold more expensive for buyers using other currencies. The 10-year U.S. Treasury yield has also risen to its highest level in...
Take a look at our analysis for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,348.348. Considering the today's price action, probabilities will be high to see a movement to 2,288.590. P.S We determine oversold/overbought condition with RSI...