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UK_LEE

USD/JPY bulls take the lead and run towards 115 the figure. But now USDJPY is hitting resistance and it is possible that there will be a pullback - pull back - down before returning to the upside. => Area 114.50 and 114.00 will be support for buyers to consider buying => A drop back below 113.5 could increase bearish pressure once again.

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Gold (XAU/USD) prices stay on the front foot near intraday high of $1820 during Tuesday’s Asian session. The yellow metal portrayed a sluggish start to the week while marking a Doji candlestick on Monday following the two-day downside. => a clear upside break of the 61.8% Fibonacci retracement (Fibo.) - $1830 -1833 that become necessary for the gold buyers to...

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The price dropped after hitting the 0.7180 resistance area, currently trading at 0.7100 => If the price still below the resistance level of 0.7180, there is always a chance that the sellers are ready to push the AU down to 0.7080, deeper into the D1 support area (0.7030). => On the contrary, the buyers are always ready at two important price zones: Support zone D1...

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GBP/USD is trading below the 50-period SMA on the four-hour chart and the Relative Strength Index (RSI) indicator has declined below 50, suggesting that buyers show no interest in the pound for the time being. => On the downside, the 1.3200/1.3190 area (static level, psychological level), In case a four-hour candle closes below the latter, the pair could extend...

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EUR/USD is weighed down by the prospects of the EU becoming the epicentre of the new covid variant, Omicron. At the time of writing, But still within the range of 1.1250-1.1350. Now, EUR/USD is trading at 1.1277. => Buying will be a reasonable strategy if the price is still above the 1.1200 area. The barrier of weekly resistance around 1.1320 - 1.1350 is still...

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=> Strategy unchanged from last week. USD/JPY climbs to one-week high, around 113.70 level amid risk-on mood. Strategy is unchanged from last week as UJ has been sideways for the past 1 week, and has always remained below 114.10. 113.80 -114.10 is still an important resistance area that needs to be watched to determine the next trend. => If we can break through...

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Gold rises to $1788 in a bid to the two-day rebound during early Tuesday. The mentioned barrier around the 1792-95 coincides with EMA21 and EMA100 on D1, should act as a pivotal point for traders. => A convincing breakthrough has the potential to push spot prices beyond the $1800 mark, towards testing the strong resistance near the $1810-15 supply zone. The...

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XAU/USD at a critical juncture, awaits US inflation for next big move. Gold extends the rebound to test the critical resistance level at 1789 - 1792. => The Golden cross is playing out for gold price but acceptance above $1792 is key - the confluence of the 100 and 200-Daily Moving Averages (DMA). Next target 1800 and 1810-1815. => On the flip side, immediate...

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USD/JPY climbs to one-week high, around 113.70 level amid risk-on mood. Strategy is unchanged from last week as UJ has been sideways for the past 1 week, and has always remained below 114.10. 113.80 -114.10 is still an important resistance area that needs to be watched to determine the next trend. => If we can break through the psychological threshold of 113.80...

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EUR/USD bulls keep the pace up, eye 1.1300. + Support level: 1.1245 1.1200 1.1165 + Resistance: 1.1305 1.1360 1.1430 => In the short term, buying will be a reasonable strategy if the price can still above the 1.1200 area and continue to buy if the price corrects to the 1.1250 area. The barrier of weekly resistance around 1.1305 - 1.1320 could be breached by...

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GBP/USD is printing back in the green at 1.32537 after climbing from a low of 1.3231. From a technical perspective, the emergence of fresh selling at higher levels validates last week's bearish break through a short-term descending channel => Hence, a subsequent slide back towards testing sub-1.3240 levels or 1.3200, A breakout of the triangle with some further...

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AUD/USD prints three-day rebound from yearly bottom, rises one-week high at the latest. Clear break of 10-DMA, descending trend channel favor buyers. RSI, MACD conditions add to the bullish bias targeting 10-week-old horizontal resistance. => The AUD/USD bulls are set to battle the 0.7180 resistance. However, the quote’s further upside will need validation from...

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Gold prices grind between $1780 - $1815. The 4-hour chart indicates to be long above $1,815 and short below $1,780. Between these levels, traders will be at risk of whipsaw price action and sideways consolidation. Even so, a clear downside break of the stated support line, around $1785 by the press time, won’t be enough as multiple levels around $1780 also...

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AUD/USD slumps to test 0.71 on Moderna's Omicron covid headlines. AUD/USD bulls have moved in at the start of the week, price correcting the daily bear trend. That said, selling pressure could escalate on the clear downside break of the immediate channel, supported around 0.7110. Support levels: 0.7105 0.7070 0.7025 Resistance levels: 0.7160 0.7200 0.7240 =>...

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On the upside, GBP/USD is facing static resistance at 1.3360. In case a four-hour candle closes above that level, buyers could target 1.3430 (100-period SMA) and strong resistance 1.3520. This is also the zone where the sellers are ready to return to the market if there is a signal. In the meantime, if the bulls fail to push the price above 1.3360 - 1.3390, there...

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The EUR/USD pair met sellers around the 23.6% retracement of its November decline at 1.1305, the immediate resistance level. Support level: 1.1245 1.1200 1.1165 Resistance level: 1.1305 1.1360 1.1430 In the short term and according to the 4-hour chart, EUR/USD is rising slightly and steadily above the EMA21 (1.1268), while technical indicators correct from...

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USD/JPY extends Monday’s rebound from three-week low, refreshing intraday low at the latest. USD/JPY stays on the front foot for the second consecutive day, up 0.16% intraday around 113.85 as Tokyo opens for Tuesday. For now, though, selling pressure ahead of the psychologically important 114.00 level and the 21DMAl near 114.10 just above it is preventing any...

UK_LEE

Gold prices grind between $1780 - $1815. The 4-hour chart indicates to be long above $1,815 and short below $1,780. Between these levels, traders will be at risk of whipsaw price action and sideways consolidation. Even so, a clear downside break of the stated support line, around $1785 by the press time, won’t be enough as multiple levels around $1780 also...