USDJPY sell opportunity big fall soon USDJPY sell Although the former is still below its trigger line it is running above zero and shows signs of bottoming while the latter has already bottomed after finding support at its equilibrium level
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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
XAU increased due to improving market sentimentWorld gold prices increased slightly, currently trading around 2,370 USD at the time of writing. Yesterday, gold turned down after approaching its highest level of the week in the European session, reaching about 2,395 USD, almost reaching the 2,400 USD mark. The main reason for this decline comes from improved market sentiment, reflected in investors' preference for riskier assets.
However, falling US government bond yields also contributed to weakening the USD, making it difficult for gold to fall sharply immediately. However, gold's decline may be limited by rising geopolitical tensions in the Middle East, especially after the US announcement of imposing new sanctions on Iran.
The short-term outlook for gold prices remains uncertain. Middle East tensions and Fed monetary policies will be key factors to watch. If Middle East tensions escalate or the Fed becomes more hawkish, gold could rise. However, if market sentiment continues to improve and US government bond yields increase, gold may fall further.
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
GBPUSD uptrend analys resistance confirm On the 4 hour chart, we can see more clearly the bearish setups around the 1.24 and the 1.25 handles. If the price were to break above the 1.25 resistance zone, we can expect the buyers to increase the bullish bets into the trendline targeting a break above it. There’s not much else to glean from this chart, so we need to zoom in to see some more details
Gbpusd confirm buy here a chance
Eurusd buy of strong bullish opportunity It is still too early to say whether EURUSD is undergoing a correction of the downtrend or a reversal given the strong bullish in hours keeps bullish hopes alive
Usdjpy Down range go with trendUSDJPY 1 day chart
For the yen, the move is particularly notable as it pushes into technical blue skies
Eyes are on Japan for signs of intervention but given that the recent move has largely been on broad USD buying following fundamentally stronger CPI numbers, it's a tough one to lean against. There have been signs of a managed decline but no real intervention. However there is a limit and we could see them draw a line at 155.01
Xauusd buy again bullish one more big bullish continue buyGold line of defense against further advances. With markets stretched and in overbought territory gold may struggle to clear this barrier but in the event of a breakout we could see a move towards $2,500
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Eurusd will more shine read the caption EUR/USD’s fall from 1.1138 resumed by break through 1.0684 last week. Initial bias stays on the downside this week for 100% projection of 1.1134 to 1.0693 from 1.0980 at 1.0535 next. Firm break there will target 1.0446 support next. On the upside, above 1.0697 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.
The best buy zone of gbpusd read the caption In the bigger picture, price actions from 1.3141 medium term top are seen as a corrective pattern to up trend from 1.0351 (2022 low). Fall from 1.2882 is seen as the third leg. Deeper decline would be seen to 1.2034 support and possibly below. But strong support should emerge from 61.8% retracement of 1.0361 to 1.2453 at 1.1411 to complete the correction
Gold open with gap war running read the caption advanced this week, but ended the five-day period off its best levels established briefly on Friday during the New York session, when it touched $2,430, a fresh record. Considering recent performance, the precious metal has increased in seven of the last eight weeks, rallying more than 16% since mid-February and shrugging off extremely overbought conditions
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
Xauusd buy the gold is continue flying XAUUSD BUY opportunity strong bullish There are several other reasons that could explain why gold has done so well this year Here are some possible explanations for its ascent
Xauusd continue flying buying planes of buy bullish Xauusd Higher bond yields weigh on Gold as they increase the opportunity cost of investing in it However Gold has performed strongly in the past few weeks despite rising bond yields amid geopolitical tensions in the Middle East region As a safe-haven asset Gold demand from investors and central banks increases at times of global economic uncertainty and worsening geopolitical tensions
Crude oil will hit hard on bottom war effect read the caption The drop earlier today came despite continuous geopolitical tensions and the potential for an Israeli
response to the Iranian attack this weekend.
There were reports from WSJ and Axios indicated that Israel may consider an attack that showcased the depth of their offensive capabilities. Over the weekend defensive capabilities were showcased
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.
Usdchf interday range dipping zone read the caption In the bigger picture, price actions from 0.8342 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0145 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9242 resistance, at least on first attempt. However, decisive break of 0.9233 will argue that the trend has already reversed and turn medium term outlook bullish.
Audusd buy setup and buy idea read the caption High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose
GBPJPY is following this sweet setup sell and buy see this GBPJPY level for confluence The sellers on the other hand will want to see the price breaking lower to position for a drop into the lower bound of the channel eventually targeting a break below it
Usdcad drop range dipping only read the caption The Loonie asset would observe a fresh upside if it breaks above April 12 high at 1.3786. This will drive the asset towards November 4 high at 1.3843 followed by November high at 1.3901
On the contrary, a downside move below April 9 low at 1.3546 would expose the asset to the psychological support of 1.3500. A breakdown below the latter would extend downside towards February 22 low at 1.3442
BTC during war up war finish BTC down read the caption Bitcoin bids have accelerated in the past hour as it nearly erases the week-end drop that was prompted by Iran's strikes on Israel.
The catalyst for the latest leg of buying is the Hong Kong approval of spot BTC and ETH applications for ETFs. It's not yet clear when they will launch but there are a handful of applications.
Bitcoin remains about 1.2% below pre-attack levels but ethereum is now higher. Both moves were rumored last week so they're not entirely surprising but for ETH it's particularly bullish given that a US ETF approval is now looking unlikely
AUD/CAD Short, AUD/NZD Short, NZD/CHF Short and NZD/USD ShortAUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Gbpusd confirm buy because of war read the caption GBP/USD’s fall from 1.2892 resumed accelerated to as low as 1.2425 last week. Initial bias stays on the downside this week for 100% projection of 1.2892to 1.2538 from 1.2708 at 1.2353 Firm break there will target 161.8% projection at 1.2203 next. On the upside, above 1.2511 minor resistance will turn bias neutral and bring consolidations first, before staging another decline
