We saw our weekly target hit yesterday, I have a hunch as on the Daily we are constantly going back to the middle of the range that bsl of some form is in the eye of the market before we would want to move down. I ask myself.... Why would we want to go all the way back (weekly ssl level) if we have been here and raided Sell Stops... If I was the market I would...
The EUR/USD surged on Wednesday, experiencing one of its best days in 2024, climbing to 1.0900 and heading towards a fourth consecutive week of gains. Broad market selling pressure lowered the value of the US dollar (USD) as risk appetite soared after US Consumer Price Index (CPI) inflation dropped more than investors had anticipated. US CPI inflation fell to...
Brian greets everyone. Today, gold has regained its upward momentum, reaching its highest level in nearly a month at over $2,400. Despite the U.S. 10-year benchmark yield remaining stable around 4.4%, the market's cautious stance has supported XAU/USD heading into the weekend. The price is expected to continue rising in the coming days, moving towards the...
Based on historical trends and current market conditions, XAU/USD is likely to be bearish for day trading with a starting price of 2414.44. Traders should monitor real-time market dynamics and economic data releases for potential price movements throughout the upcoming week. Entry: 2414.44 SL: 2422.72 Target 1: 2370.95 target 2: 2332.10 #Xauusd...
Hello everyone, let's take a look at today's gold prices! Currently, gold is trading above the psychological level of $2400 and is hovering around $2414. As expected by the market, gold has continued to rise in recent times. The $2400 level will be a crucial support for the next upward moves, and the EMA 34, 89 indicators are still providing positive signals for...
Today, gold prices slightly declined, returning to around $2377 after maintaining high levels for nearly three weeks. This movement results from investors taking profits following a recent surge in prices. Additionally, the recovery of the U.S. dollar, which increased by 0.2% after hitting a multi-month low, also contributed to the pressure on gold. The U.S....
More progress in deflation remains to be seen Chicago Fed President Austan Goolsbee welcomed the drop in inflation in April but said deflation progress needs to be firmer. Speaking Wednesday after the CPI excluding food and energy prices fell for the first time in six months, Goolsbee expected more such good data to come before making a decision to cut interest...
FTM's social and market activity is on the rise after Andre Cronje released an article highlighting the cash flow of FantomFDN in 2022 Fantom price today is $0.241135 with a 24 hour trading volume of 230 million dollar. FTM price is up 12% in the last 24 hours Andre Cronje, a long serving figure in the DeFi space, says the Fantom blockchain project he advises is...
The USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. US government bonds recovered after economic...
Gold extended its uptrend for the second consecutive day on Wednesday, reaching a three-week high of $2,390. This rise followed data from the U.S. Bureau of Labor Statistics showing a decline in inflation, increasing the likelihood that the Federal Reserve will cut interest rates in 2024. The daily chart of the XAU/USD pair shows a dominant uptrend, although the...
Gold Price Update: Hey everyone! Gold is making moves, hitting the $2,357 mark early Wednesday thanks to a weaker USD after the US Producer Price Index (PPI) data dropped. The numbers showed inflation is still in the mix, with the monthly PPI up 0.5% in April, a jump from -0.1% in March, and beating the expected 0.3%. Looking Ahead: Gold has found new support...
Vra usdt analysis Time frame daily Red line is our strong protection line Two bottom pattern Risk rewards ratio >7 👈👈👈
Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement and then to reject from trendline + liquidity zone + FIBO 0.5. Fundamental news: Tomorrow (GMT+3) we will see results of Unemployment Rate on AUD,...
My dear subscribers, My technical analysis for USDJPY is below: The price is coiling around a solid key level - 156.41 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 154.93 My Stop Loss - 157.44 About Used Indicators: By the very...
Hello again! As you liked the previous analysis and signal, here comes the second one. Please try to be patient and wait for confirmation before entering at the right place. This way, you won't have to place your stop loss far away from the entry point. The most important thing in trading is having a plan and always aiming for the win. However, you should...
Hello Agn, I wanted to let you know that there's an opportunity to enter a short position in EuroJPY. Recently, the Japanese government's banking system made a move in the market, resulting in a sharp downward candle. Considering all the other candles that came afterward in an uptrend, it could be a sign that a downtrend is up ahead (i see all these candles as a...
Hello Agn, I wanted to give you an update on my previous analysis of this pair. Yesterday, we entered into a downtrend as it moved in our favor. Now, it's at the bottom of the triangle and facing a dynamic resistance level. The price has moved about two-thirds of the pattern, and it's about time to start moving in. Make sure to stay focused and only enter with...
Hello Agn, Today the market is moving quickly due to the upcoming data, which has caused most of our previous analysis to be profitable. Remember to save your profits and take them out of the market, as it may take them back just as fast as it gave them to you. It's important not to get caught up in the idea of making big profits quickly. Additionally, here is...