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Looking at USDJPY this weekDear friends, let's explore today's currency market together! At the start of the new trading week, the USD/JPY pair attracted some buying activity as it seemed to have halted its retreat from the 150.75-150.80 area, which was its highest level since October 2022, touched last week. However, lacking confidence in further gains, it is currently trading around the 149.70-149.75 range, up just under 0.10% for the day, as traders await important central bank meetings before placing new bets. The Bank of Japan (BoJ) is expected to announce its decision on Tuesday amid increasing speculation about potential changes in its yield curve control (YCC) policy. However, the Japanese central bank is unlikely to escape negative interest rate policy. This marks a significant difference compared to other major central banks, including the Federal Reserve, along with positive risk sentiment, which is seen as weakening the safe-haven Japanese Yen (JPY) and turning out to be a favorable factor for the USD/JPY pair. At the time of writing, the price is trading at 149.63 with an expected increase to 151.00. This upward trend will continue until there is any breakthrough outside of the price channel. What are your thoughts? Do you agree with me?
by AlselvSignals
3
Gold retreated from 2005 USDDear friends, as predicted earlier, Gold has been facing difficulties in reaching the $2000 mark. The upward momentum of Gold has been hindered by various factors, including the loose monetary policies of many countries around the world. From the 1-hour chart, we can see that after breaking out of the uptrend channel and the descending pennant pattern, the price of Gold has dropped significantly. At the time of writing, the price is trading at $1978, but there is no strong motivation for it to rise again. My viewpoint is that it will continue to decline with an expected target of $1964. If this level is broken, the selling pressure may drive it towards a lower support level at $1953. This downward trend will persist until there is any catalyst for the price to increase again. Do you agree with my analysis? What is your perspective?
OANDA:XAUUSD
by AlselvSignals
6
EUR/USD consolidates near multi-week topHello dear friends, Let's explore the new week's EURUSD with Karina! On the 1-hour chart today, EURUSD continues to hold the bullish channel formed since last Friday after breaking through two double tops at 1.066, thanks to the weakening of the USD, pushing the EURUSD pair to its highest level in the past month. Regarding news: The data reinforces market expectations that the Federal Reserve (Fed) may keep interest rates stable at the December meeting and lead to a further decline in US treasury bond yields. In addition, the risk-on environment turns out to be another factor weighing on the safe-haven greenback. This suggests that the overbought conditions on the hourly chart have hindered traders from betting on new price declines around the USD. Conclusion and trading strategy: The above fundamental context indicates that the path of resistance for the greenback is downward and supports prospects for further price increases in the short term for the EUR/USD pair. Next, we need to consider the release of the final Eurozone PMI Services, which could impact USD price dynamics and create short-term buying opportunities around the EUR/USD pair.
by Karina_Bella
7
Gold price according to the trend, continue to increase pricesHello dear friends! ending the trading week with gold, let's recap the past week and discuss the new strategy for the upcoming week with Karina! In general: Last week, gold received several important news, including the Fed's interest rate decision. Despite this, the precious metal has maintained its strong upward trend, trading around $1985 per ounce last week, with slight touches of $2000. Currently, gold has paused at $1992 and continues to show signs of further price increases, indicating its long-term development strength. Regarding the latest news impacting gold: The XAU/USD price reached its highest level of nearly $2005 on Friday after the US Non-Farm Payrolls (NFP) report, but quickly recovered to the average trading level and ended at around $1992 Technical outlook for XAU/USD: The previous uptrend was broken at $1987, along with a reversal signal from the EMA 34. However, gold quickly formed a new upward channel and continues to operate well within that trend. Karina has read all the comments and messages, and most of Karina friends believe in a price increase for the coming week, and Karina also shares that belief. Karina's target is for gold to reach the $2005 area next week and conquer the weekly high at the $2010 level. What about you? What do you think about the upcoming trend for gold? Comment and let Karina know!
OANDA:XAUUSDLong
by Karina_Bella
12
USDCAD is new today? What is the next trend?Hello, Karina's wonderful friends! USD/CAD has dropped sharply to around 1.3800 as the US dollar weakened amid the Federal Reserve's stable monetary policy. The USD index fell to around 106.16 as investors saw the Fed completing its interest rate hikes. Investors are now waiting for employment data from the US and Canada for further guidance. On the chart, using Karina's Fibonacci retracement, the current downtrend is estimated to potentially extend to the 0.236 level (price level 1.364), which coincides with the vicinity of the 34 and 89 EMA (Exponential Moving Average) acting as support. Overall, in the long term, this currency pair still shows signs of a bullish trend. Perhaps the current price decline is serving as a corrective move. What are your thoughts on USD/CAD?
by Karina_Bella
1
USD/JPY churning near 150.50Hello dear friends! Our USDJPY transaction is still a hot topic of discussion as the buyers and sellers are battling around the 150.00 level. However, it seems that the buyers have a slight advantage despite the expected decrease in trading volume today due to Japanese exchanges and banks being closed for Cultural Day. The round support level at 150.000 is expected to be retested along with the examination of the 89 ema activity zone. The current resistance level that is blocking USDJPY is at 150.500. Breaking through this resistance level could bring USDJPY back to its previous high at 151.700 with strong support at the two previous support zones of 150.000 and 150.500.
by Karina_Bella
3
Latest BTCUSD update for today!Hello dear friends! Currently, on Karina's analysis chart, there are two equilibrium positions, leading to a very impressive movement. We can see that the target of $30,000 for BTCUSDT is getting closer to us. The upward trend is operating strongly as the cryptocurrency market eagerly awaits SEC approval for some proposed Bitcoin exchange-traded fund transactions. With BTC gaining momentum and the BTC market becoming heated, it's no surprise that Karina has set a target of $31,500 and 35.000 for herself. And what about you? What is your goal?
BITSTAMP:BTCUSDLong
by Karina_Bella
10
GBPUSD: The price has not had a new breakthroughHello dear friends! Similar to the EURUSD currency pair, GBPUSD is also experiencing long-term downward pressure. Currently, this currency pair is at 1.214 and has decreased by 0.08% in the day. It is currently calm, awaiting the decision from the FOMC on November 1st. A head and shoulders pattern may form if a left shoulder and a peak have already appeared. If this pattern is completed, the next target for GBPUSD would be an increase to 1.217, followed by a decrease to the support level of 1.21. What do you think? Do you believe GBPUSD will increase or decrease in value? And what is your target price for this currency pair?
by Karina_Bella
1
EURUSD overview today, price increaseDear friends, from the 1-hour chart, we can observe that the upward trend has expanded continuously from the level of 1.0502. At the time of writing, the price is trading at 1.063 with a stable trend on the 1-hour timeframe. In the short term, we emphasize the price increase to $1,660 and $1,680. Touching the resistance level of $1,680 could lead to a retreat in this currency pair as the US Dollar is weighed down by sour risk sentiment. What are your thoughts? Do you agree with me?
Long
by AlselvSignals
8
EURUSD moves defensively, volatility seems assuredDear friends, in general, this currency pair has weakened due to the cautious tone of risk sentiment while the US dollar remains steady ahead of the Fed's interest rate decision and important employment data from the United States. The focus now is on the US data and the FOMC meeting. The data from the US on Tuesday produced mixed results, with a decrease in consumer confidence, a 1.1% increase in employment costs index in Q3, and a decrease in Chicago PMI index to 44. These numbers did not have a significant impact on the market. Therefore, it is likely that prices will move within the expected range of 1.065 - 1.052. Do you agree with my analysis? What is your view?
by AlselvSignals
3
USDJPY increased sharplyDear friends, as predicted yesterday, the price has surged significantly. As of now, USDJPY is trading at 151.29. The Bank of Japan (BoJ) has removed the 1% cap on the government bond yield for the 10-year term, which has provided support for this currency pair. Looking at the technical picture of USDJPY on the daily timeframe, we can see that it has been rejected at the upper limit of the uptrend channel. Therefore, it is likely that USDJPY will retreat and find support at 150.36 or lower within the ascending channel at 149.50. It is expected that this price increase may soon reach the target of 152.50. What are your thoughts? Do you agree with me?
Long
by AlselvSignals
4
USD increased in price violently, gold left 2000 USDDear friends, Unable to surpass the $2,010 resistance level, gold experienced a loss of several dollars, declining by 0.18% throughout the day. At the time of writing, gold is trading at $1,978. Regarding market news: - The international gold market weakened after a decline in US consumer confidence. This has prompted an increased demand for holding USD, resulting in a significant rise in its value. - On the other hand, the Bank of Japan's decision to maintain interest rates and the increase in yields on 10-year Japanese government bonds (JGBs) have further strengthened the USD against the yen. Today, gold prices face additional unfavorable factors. Regarding expectations and technical analysis: The current support level may aid in the short-term recovery of gold, currently at $1,950. We can anticipate an increase in gold's value from this resistance level. Do you agree with my analysis? What is your viewpoint?
OANDA:XAUUSD
by AlselvSignals
1
GOLD -Strong buying force, gold price maintained at a high levelHello, wonderful Karina friends! What do you think, will the price of gold increase or decrease today? Currently, the price of gold is fluctuating around $1995 at the start of the trading session. Although it has slipped below the $2000 mark, it still maintains stability at a high price level. Despite the increase in US bond yields and the strengthening of the USD, gold continues to rise in value due to investors flocking to this precious metal to seek safety for their assets amidst the escalating conflict in the Middle East. This is the main reason why gold remains stable at a high price range. Regarding the expected future price of gold: The market is eagerly awaiting this week's monetary policy meeting by the Fed. Investors should pay attention to the monetary policy decisions of the Bank of England and the Bank of Japan. This week is also crucial for the US labor market, with the release of the non-farm payroll report for October scheduled for Friday. Until these news releases, gold trading will become more enticing than ever! Wishing you all good luck.
OANDA:XAUUSD
by Karina_Bella
3
USDJPY short -term, overview of long -termDear friends, facing the pressure of 150.50, USDJPY is experiencing a quiet trading period. At the time of writing, the price is trading at 150.44. Regarding the news: In its monetary policy decisions, the Bank of Japan (BoJ) has kept interest rates at -0.1%, as expected by market participants. This is favorable for the USDJPY pair. The Japanese economy is striving to maintain inflation consistently above 2%, but price pressures are coming from external factors. BoJ is concerned about comfortably achieving the 2% inflation target through higher wages and continuing its stance of expansionary policies, which is crucial. Regarding technical analysis: In the short term, I still emphasize the downward trend for the day as the resistance level has pushed this currency pair lower, with an expected decline to 149.89. After that, we will observe this support level, which may act as a catalyst for pushing this pair higher. What is your perspective? Do you agree with me?
by AlselvSignals
6
Gold quietly waiting for Fed's decisionHello, Karina's amazing friends! Today, gold continues to move calmly and there aren't many changes compared to yesterday, trading around $1995 - $1996. Although we are currently optimistic about the potential increase in gold prices due to geopolitical tensions in the Middle East, we still need to keep an eye on the Federal Reserve's interest rate decision on Wednesday. This could be seen as a significant milestone to boost gold prices as gold has been relatively stable in recent days, so any important action from the Fed could cause a strong increase or decrease in gold. Resistance level on the chart: $2005 Support levels: $1965, $1980.
OANDA:XAUUSD
by Karina_Bella
4
GBPUSD stabilizes price trends, increases sharply?Dear friends, Generally, the upward trend is the dominant trend for GBPUSD. At the time of writing, the price is fluctuating around 1.218, and it can be seen that the price has been steadily increasing in the past few days mainly due to the stable trend of this currency pair in the short term. Regarding price prospects, we need to pay attention to two important news: the decision on PMI capacity and the upcoming Fed announcement in the next two days, so be careful with your trades today. This will give us a clear indication of the direction of this currency pair. In the short term, I still believe that the price could decrease to at least the support level I have set at 1.213.
Short
by AlselvSignals
14
GBPUSD continues to fall sharplyDear friends, a new week has begun and we are here to explore today's market! To start off this week's trading session, GBPUSD has shown a slight downward trend with a target of 1.207. At the time of writing, GBPUSD is trading at 1.211, undergoing a correction to retest the previous uptrend zone. The price is expected to quickly retreat from this upward trend, and we still hold a positive view on the downward trend. What about you? Do you share the same perspective as mine?
Short
by AlselvSignals
3
Gold around the high threshold of 2000 USD, strong buying forceDear friends, gold has been fluctuating around $1995 at the start of the trading session, although it slipped below $2000. However, the price of the precious metal is still holding well at a high level. Currently, the market seems confident that the Fed will maintain interest rates. However, many opinions suggest that the important information will be the message from Fed Chairman Jerome Powell during the subsequent press conference, and it is likely that the head of the world's most powerful central bank will still maintain a hawkish tone in the context of lingering inflation. Regarding the upcoming gold forecast: The market is anticipating the monetary policy meeting of the Fed this week. Investors are also paying attention to the monetary policy decisions of the Bank of England and the Bank of Japan. This week will also be significant for the US labor market with the release of the Non-Farm Payrolls report for October expected on Friday.
OANDA:XAUUSD
by AlselvSignals
3
EURUSD tests the trend againDear friends, escaping the price hike channel has led the product into a downturn. Currently, the price is trading at 1.0556, and traders will seek signals from Germany's growth data, as well as inflation and GDP data from the Eurozone, ahead of the reserve meeting. The Union is eagerly awaited on Wednesday. For this reason, EUR sellers will continue to sell. As for the US dollar, the Federal Reserve is expected to keep interest rates unchanged at the end of the two-day meeting on Wednesday. Last month, Fed Chair Jerome Powell stated that inflation remains too high, raising expectations that additional interest rates could be applied by the end of this year. This means that higher long-term interest rates in the US could strengthen the USD and serve as a resistance level for the EUR/USD pair. Regarding technical analysis: The downward trend is highly regarded, so my anticipated decline is at 1.0495. What are your thoughts on this matter? Do you agree with me?
by AlselvSignals
10
AUDUSD may bottomThe AUDUSD is facing selling pressure, currently trading quietly around the 0.630 area. Breaking out of the descending triangle pattern has caused a significant decline in AUDUSD. Pay attention to how it declines after breaking below the previous support level at 0.616 but recovering earlier. This setup can help traders anticipate the next move and be cautious of a potential recovery. It is expected that in the near future, AUDUSD may find support at 0.616, and this downward trend will continue until there is any catalyst to help the pair rise again.
by AlselvSignals
2
USDJPY overview, correction underwayDear friends, As we predicted long ago, UJ achieved the target of 150.00 by the end of the previous week, reaching its highest level of the year. However, the end of the trading session caused this currency pair to stop at 149.59. Breaking out of the trend channel caused UJ to decline, but a confirmed support at 149.50 has led to a correction in this currency pair. The price may soon recover. Do you agree with this analysis? What is your viewpoint?
Long
by AlselvSignals
XAUUSD - $2000 breakout on test of supportDear friends, gold continues to maintain its upward trend, currently trading at $1997. Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of global currencies, is hovering around 106.60 after a decline from 106.90. Positive economic data from the United States on Friday failed to boost the US dollar (USD) and support the price of gold, which is a significant advantage. Regarding the outlook for gold this week: The market seems confident in the possibility that the Fed will keep interest rates at 5.25% to 5.5% in this meeting on October 31st and November 1st, which could help and maintain its position for price increase. At the same time, the Fed is expected to maintain restrictive monetary policies in the near future. In terms of technical analysis: Gold seems to be facing a psychological level of $2000, so the selling side may come into play here, causing gold to seek support at $1985, which is considered a strong support level that could push gold back up to the expected increase of $2020. What is your opinion? Do you agree with me?
OANDA:XAUUSD
by AlselvSignals
2