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Eurjpy high bull more than expected read the caption Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into March. That ceiling was ultimately broken in mid-March, and has traded above and below the swing since that time. Earlier this week, the price move back above the swing area, but has reversed lower. Technically, the price is looking to test the rising 100-bar moving average on the 4-hour chart and the 38.2% retracement. Both those technical levels are at 163.38. If the price of the EURJPY can get below that level, traders would next target the 200-bar moving average at 162.87, but the bias shifts with the sellers making
Long
by Mrsam36
XAUUSD BUY STRONG BUY NOW MORE SELL TODAY BUY BUY GOLD CONTINUE Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand Technical picture is firmly bullish as indicators are in bullish setup and recent dips were contained by rising XAUUSD BUY NOW_2380_2375 TP_2390 TP_2400 TP_2450 Sl_2368
TVC:GOLDLong
by Gold_Master97
Gbpjpy bull only because of war read the caption Additionally, the rising tension between Israel and Iran heightens concerns of a wider conflict in the Middle East, providing some support to safe-haven currencies like the Japanese Yen (JPY) and creating a headwind for the GBP/JPY cross.  The latest data from the Office for National Statistics showed on Friday that UK Retail Sales arrived at 0% MoM in March from a 0.1% rise in the previous reading, weaker than the market expectation of 0.3%. Meanwhile, the Retail Sales ex-fuel dropped by 0.3% MoM, compared
Long
by Mrsam36
Audusd confirm dip move as you see trendline read the caption The most recent leg down, which started on April 10, was driven by a sudden strengthening in the US Dollar (USD).  A run of strong macroeconomic data from the US, a solid labor market and persistently high inflation means the US Federal Reserve (Fed) cannot go ahead and cut interest rates as soon as it had been planning.  The expectation of interest rates remaining higher for longer in the US in order to continue cooling down the economic
Short
by Mrsam36
Gold bullish more and more others country in whole in warGold has been hitting all-time highs almost daily for the past two weeks, reaching $2364 in the spot market on Tuesday before the start of US trading. The ability to rise above $2071 per ounce, which gold found in late February, has signalled a break of resistance that has kept gold above since August 2021 Gold is now rising more actively than it did in the previous long-term bull cycle. In 2011, years of gains were followed by a two-year consolidation
OANDA:XAUUSDLong
by Mrsam36
XAUUSD break range above the high level read the caption The fact we saw an intraday break above $2400 quickly reverse suggests traders are keen to book profits, which in turn suggests we may be about to experience some sort of shakeout at these highs.” Gold price (XAU/USD) oscillates in a narrow trading band heading into the European session on Tuesday and remains well within the striking distance of the all-time peak touched last week. The US Dollar (USD) climbs to its highest level since early November inflation. The hawkish outlook remains supportive of elevated US Treasury bond yields and keeps a lid on any meaningful appreciating move for the non-yielding yellow metal.
OANDA:XAUUSDLong
by Mrsam36