Sentiment in the gold market has become more optimistic. Due to increasing geopolitical uncertainty, the demand for safe-haven assets has further increased, and the prices of the precious metal have returned to $2000 per ounce. Traders should pay attention to the support around $1950 per ounce. However, there is a high probability that $2000 may […]
The GBP/USD currency pair continued its downward movement on Wednesday and has currently descended to the Murray level of “2/8”-1.2085. In principle, this level can also be considered the “last hope” for the pound. If it is breached, then the resumption of the downtrend will remain practically the only available option. In general, it already […]
Details of the Economic Calendar on October 25 The macroeconomic calendar was practically empty on Wednesday, and the only event worth noting was the data on the construction sector in the United States. These data showed a 12.3% increase in new home sales in September. Analysis of Trading Charts from October 25 The EUR/USD currency […]
Potential rally on the AUD/USD The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Dollar pulls back; ECB sends clearer cut… April 12, 2024 Dollar takes a breather, but Fed bets remain unchanged Euro…The market is disappointed and softening expectations for… April 12, 2024 After the latest inflation report showed […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.0586 as a possible entry point. A decline and a false breakout near this mark generated a buy signal. However, even despite the good reports, the pair failed […]
CHFJPY trades sideways today, a tad below the all-time high Intervention threat increases as JPY crosses reach new highs Momentum indicators show increasing signs of rally exhaustion CHFJPY is trying to record a green candle today as it remains very close to its all-time high of 168.40. The latest upleg from the October 3 low […]
The EUR/USD currency pair continued its downward movement easily and calmly throughout Wednesday. The euro’s decline persisted even during the night, when significant price changes are not typically expected. In the illustration above, two segments of an upward correction are clearly visible, indicating that the pair has formed a classical corrective structure consisting of three […]
Trend analysis (Fig. 1). The GBP/USD currency pair may move downward from the level of 1.2107 (closing of yesterday’s daily candle) to the lower fractal at 1.2036 (red dotted line). In the case of testing this level, an upward movement is possible to the lower fractal at 1.2089 (daily candle from 10/19/2023). Fig. 1 (daily […]
Trend analysis (Fig. 1). The EUR/USD currency pair may move downward from the level of 1.0565 (closing of yesterday’s daily candle) to 1.0519, the historical support level (blue dotted line). In the case of testing this level, an upward movement is possible with a target at 1.0569, the 14.6% pullback level (blue dotted line). Fig. […]
WTI futures bounce off the lower end of the Ichimoku cloud But their rebound is being held down by the 50-day SMA Momentum indicators got rejected before entering bullish territories WTI oil futures (December delivery) had been in a steady advance since their October bottom of 82.10 before experiencing a pullback. Although the commodity managed to halt its […]
Treasury yields rebound, lift the dollar ahead of US GDP data Dollar/yen rises past 150, rings intervention alarm bells ECB to take the sidelines, focus to fall on forward guidance Wall Street tumbles as Alphabet disappoints Will US GDP data add more fuel to the dollar’s engines? The US dollar extended its gains as US […]
EURUSD switches back to losses after touching resistance Technical signals weaken but bears not in control yet EURUSD was harshly pressured after touching its 50-day exponential moving average (EMA), erasing almost all the gains it made last week ahead of the ECB policy announcement. The price went below its 20-day EMA, and the RSI […]
Crypto Industry News: The co-creator of the second most popular cryptocurrency on the market, recently answered a number of questions from the Farcaster community. The questions included both those regarding the future of cryptocurrencies and the 29-year-old developer’s opinion on artificial intelligence. Vitalik Buterin regularly comments on current issues in the technology sector, thanks to […]
Crypto Industry News: The largest banks on Wall Street – Citi, Morgan Stanley, Goldman Sachs and Bank of America – found themselves in a difficult situation. They have reached their lowest levels since the banking crisis in March. Currently, their rates are even lower than then. Citigroup experienced a decline of 14% since the beginning […]
Technical Market Outlook: The GBP/USD pair has been seen continuing the reversal lower and is currently approaching the Octobers low located at the level of 1.2036. The intraday technical resistance is located at 1.2089 and 1.2105. The momentum on the H4 time frame chart is weak and negative as well, so the breakout lower might […]
Technical Market Outlook: After the ABC corrective pattern had been completed at the level of 1.0695, the EUR/USD pair has been seen moving sharply lower in order to resume the down trend. The price broken below the technical support seen at the level of 1.0590 and is currently trading below the 50 and 100 MA […]
Technical analysis: BTC/USD has been trading sideways at the price of $34.600 but I found the ascending triangle is in creation and that there is the chance for the upside continuation. Due to the strong upside condition in the background and ascending triangle pattern in creation, there is the chance for the higher prices towards […]
For three consecutive days, we have witnessed significant movements in the market that can’t be explained through logic. The dollar suddenly strengthened even before preliminary flash readings on business activity indices were published on Tuesday. Yesterday, the greenback continued to advance in the absence of news and economic releases. It appears that all of this […]
Technical analysis: GBP/USD has been trading downside as I expected but the price is near the key support cluster at the 1.2050. Due to the strong support and potential exhaustion condition on the downside, there is potential for the upside correction towards upside reference. Upside objective is set at 1.2110 Key support is set at […]
Significant price movements occurred for three consecutive days without any reason. Dollar surged even before the preliminary assessments of business activity indices came out, and today, it continued to strengthen despite the empty macroeconomic calendar. Perhaps, everything occurred due to the anticipation of the ECB meeting. This will be confirmed if after the bank leaves […]
Analysis of transactions and tips for trading USD/JPY Further growth became limited because the test of 149.94 took place when the MACD line moved sharply upward from zero. Even so, the lack of intervention by the Bank of Japan at the level of 150 shows that dollar demand remains, and already today, during the Asian […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2134, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of over 25 pips. However, strong statistics from the US limited the upside potential, leading to a sell-off during today’s Asian trading session. […]
Even though on the daily chart the S&P 500 index is weakening, which is indicated by the Alligator opening its mouth downwards, the appearance of deviations between price movements and the Awesome Oscillator indicator provides an opportunity for upward correction, where currently #SPX is trying to breaks above the 4259.61 level. If this level is […]
If we look closely on the daily chart, the Nasdaq 100 index can be seen moving weaken and lower, even manages to break below the closest support level of 14428.6, so that in the next few days, #NDX has the potential to continue its decline and try to reach level 14254.6. But if on its […]
EUR/USD Higher Timeframes Despite a loss of some productivity, bears continue their decline. Currently, the support is provided by the daily cross level (1.0543), with bearish targets being at 1.0500 (100% execution level of the daily target) and 1.0447 (the final level of the monthly Ichimoku cross). At this stage, the attraction of accumulated levels […]
EUR/USD Unfortunately, the euro did not gain enough support to build up its potential for growth, while the bearish potential received support. Yesterday’s daily candle closed below the balance line indicator. This morning, the price reached the nearest support level at 1.0552. However, crossing this support level does not guarantee that the price will reach […]
GBP/USD On the daily chart, the price has settled below the price channel line, and the signal line of the Marlin oscillator has entered negative territory. It appears that the price is set to test 1.1880. In case the price returns above the price channel line around the 1.2153 level, the pound may aim for […]
AUD/USD Yesterday, the Australian dollar drifted sharply lower from the target level of 0.6388 and from the daily balance indicator line (red line). This morning, the price has already breached the nearest support level at 0.6295, making the next target at 0.6171 (the October 2022 low). The Marlin oscillator continues its downward movement within a […]
The USD/CAD chart currently displays bullish overall momentum, with the potential scenario of a bullish continuation towards the 1st resistance level. The 1st resistance level at 1.3848 is identified as a swing-high resistance that aligns with the 127.20% Fibonacci extension level. Higher up, the 2nd resistance level at 1.3919 is marked as a resistance level […]
The USD/JPY chart currently displays bullish momentum, with the potential for a bullish continuation towards the 2nd resistance level as price broke above the 1st resistance level during the Asia session. The 1st resistance level at 150.31 is identified as a pullback resistance level. Higher up, the 2nd resistance level at 150.58 is noted as […]
