Gbpusd dropping level read the caption the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
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Gold cross all time high new all time will touch 2300 (caption)Gold set a record peak of $2,194.98 for the fourth straight day on Friday after data signaled a cooling U.S. labor market.
“With large speculators having increased net-long exposure at their fastest weekly pace in 3.4 years last Tuesday, gold is clearly in demand and not a market to short for any length of time whilst traders expect Fed cuts,” City Index
COMEX gold speculators raised their net long positions by 63,017 contracts to 131,061 in the week ended March 5, data showed on Friday.
Prices will simply consolidate at lofty levels heading into consumer price inflation, or CPI, data for February, due on Tuesday, as that is likely the single biggest driver of gold prices this week,
Triangle always make bullish trend audusd read the caption risk complex, motivating AUD/USD to put the 0.6601 support to the test at the beginning of the week following Friday’s fresh two-month peaks around 0.6670
In the meantime, the continued decline in US yields across various timeframes appears to have met some contention and moved into a consolidative theme, always on the back of ongoing speculation regarding the Federal Reserve's (Fed)
Usdjpy sell zone and target point move higher would probably soon encounter resistance in the region of 147.602 -148.01 where the 100 and 50-day Simple Moving Averages (SMA) are situated.
Given the pair is now in a short-term downtrend, however, it will probably eventually rollover and start falling again, back down to the 146.48 March 8 lows.
If the pair breaks below the 146.48 lows it will probably fall to support at the 146.22 and the 200-day SMA, followed by 145.89 the February 1 low
gold futures per ounce rate 2000.80% read the caption Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, momentum, while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near overbought readings, reflecting the ongoing retracement rather than suggesting
Xauusd will close to 2200 read the caption Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Chair Jerome Powell’s remarks cemented mid-year rate cut bets, ahead of a key jobs report later in the day.
was little changed at $2,157.16 per ounce, as of 0350 GMT, hovering around a record peak of $2,164.09 hit in the previous session
AUD/JPY Short and EUR/USD LongAUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Audusd big Bull read the caption The next AUD/USD news to watch will be the upcoming US initial and continuing jobless claims numbers. Expectations are that initial jobless claims rose to 218/7k last week. These numbers will be followed by the latest existing home sales. Existing home sales are expected to come in at 3.95 million in January.
The other important data will be the flash manufacturing and services PMI numbers by S&P Global. The report
Gold new target 2250 read the caption Powell’s remarks, coupled with data released the same day indicating a softening of labour market conditions, resulted in U.S. Treasury yields and dollar sliding, increasing the appeal of gold.
If Friday’s labor market data or next week’s inflation data shows any weakness, $2,300 would be the short term target based on technical levels, but that would be fairly a short lived phenomenon, before prices correct and
Gbpusd buying level read the caption Fed chair Powell will be appearing twice this week, on both Wednesday and Thursday as the head of the US central bank testifies about the Fed’s Semi-Annual Monetary Policy Report to the US government’s House Financial Services Committee. Headlines are expected throughout both days as the Fed chairman answers policymaker
Nzdusd lower more than expected read the caption which is generally a sign of weakening momentum often followed by pullbacks or reversals. In this case, if the price were to break to the upside the reversal would be confirmed, and the buyers would pile in more aggressively to extend the rally into the highs. The sellers, on the other hand, will likely lean on the resistance to position for a break below
Gold will hit new all time high read the caption London’s gold price benchmark hit an all-time high of $2150.03 per troy ounce at an afternoon auction on Monday
“This rally in gold was triggered by the softer-than-expected U.S. data and the pullback in real rates... but there has been a general bias to buy dips and a positive underlying investor sentiment towards gold that has also made the market vulnerable to the upside,” UBS strategist Joni Teves said.
AUD/NZD Short, NZD/USD Short and NZD/CAD ShortAUD/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPUSD SELLING in the zone. Bears are strong Read Caption GBP/USD gathered bullish momentum and touched its strongest level since early February above 1.2700. The US Dollar struggles to find demand in the American session after the ISM Services PMI showed a loss of momentum in the service sector's expansion.Key support for GBP/USD aligns at 1.2650 (200-period Simple Moving Average (SMA), 100-SMA, Fibonacci 23.6% retracement of the long-term uptrend). If GBP/USD drops below that level and starts using it as resistance, technical sellers could take action. In this scenario, 1.2600 (psychological level, static level) could be seen as next support before 1.2540 (Fibonacci 38.2% retracement).GBP/USDGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. confirm signal
Bitcoin still buy zone target 80k read the caption It's up $2834 to $65,445 with a nearly 30% in the past week alone. It's been an incredible run that started in late October at the same time as US equities turned and accelerated as bitcoin spot ETF approval loomed. Not coincidentally, the Nasdaq also hit ran to its November 2021 highs last week and then broke them.
Another day or two like today will have bitcoin at fresh all-time highs as well. The peak level set in 2021 was $68,998 before it crashed down to $15,478 in late 2022 as interest rates rose.
Eurusd possible analysis for confirmation read the caption In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern to rise from 0.9534 (2022 low). Rise from 1.0446 is seen as the second leg. While further rally could cannot be ruled out, upside should be limited by 1.1272 to bring the third leg of the pattern. Meanwhile, sustained break of 1.0693 support will argue that the third leg has already started for 1.0446 and possibly below
WTICO/USD Short, AUD/NZD Short, NZD/USD Short and USD/CAD LongWTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Dollar bearish trend on NFP can rise read the caption The Fed must be holding back the temptation to say, ‘we told you so’ now that market expectations match those released in the Fed’s December summary of economic projections. Three rate cuts in 2024 is the new expectation, down from six and potentially seven at one stage. As such, the dollar has found its footing in the early weeks
Gold will breakout 2150 then next target 2200 read the caption Xauusd aims for a strong weekly gain as investors choose the early rate-cut narrative in the US, shrugging off recent doubts over its timing. In the monetary policy statement, the Federal Reserve (Fed) didn’t explicitly refer to upcoming rate cuts amid the absence of enough evidence that underlying inflation will sustainably return to the 2% target. However, policymakers already
Usdjpy dropping level sell it read the caption The USDJPY is moving to new at session highs, and in the process as extended above the swing area between 149.81 and 150.158. Yields in the US have turned around and are now higher on the day. The two year yield is at 4.642% up 3.0 basis points. The 10 year yield is up 2.4 basis points at 4.30%.
At 1 PM today, the U.S. Treasury will auction off 20-year notes. At 2 PM
Gbpusd jumping level read the caption Today, the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2662
Oil going to cheap according to news read the caption have topped $76barrel in the past two sessions for US benchmark West Texas Intermediate crude, with broad oil prices lifted further by signs of some demand resilience in China. Refineries there are reportedly still buying plenty of crude which has gone some way to lift the gloom over likely Chinese energy demand, a major headwind for oil prices in the past year