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GBPUSD decreased deeply, continuing the selling positionDear friends, The British Pound (GBP) has encountered buying pressure after the UK's Office for National Statistics (ONS) reported that inflation in September remained higher than expected. The GBP/USD pair may overcome difficulties as the stalled inflation report raises the possibility of further tightening of monetary policy by the Bank of England (BoE) in its November monetary policy meeting. Currently, the GBP is still attempting to recover but is facing challenges as it approaches the resistance level at 1.223. The target for this downward movement is still highly regarded at 1.203. What are your thoughts on GBPUSD?
Short
by AlselvSignals
5
EURUSD received a selling positionDear friends, Currently, EURUSD is experiencing a long-term downward trend, with considerations regarding monetary policies for both the Fed and ECB potentially being of secondary importance. The risk for EUR/USD will continue to decrease if conflicts escalate or intensify. Due to this reason, the selling position will continue to develop, with an expected further decrease at support levels of 1.0497 and 1.0454. What are your thoughts on EURUSD?
by AlselvSignals
EURUSD:not enough motivation to increase again!Hello Traders! Today, the EUR/USD pair continues to struggle to find any significant upward momentum and remains within a narrow range below the 1.0500 level throughout the trading session. The fundamental backdrop seems to favor a bearish bias as the USD remains strong. With the narrowing price range on the chart analysis and continued support from the EMA and RSI indicators, the downtrend is expected to continue. We anticipate a price range between 1.0572 and 1.0400 for further downward movements.
Short
by Nolan_Signal
Gold continued to increase in the second half of the weekHello dear friends! Gold in today's trading session, the price fluctuated slightly around $1939 as predicted yesterday. Despite the decrease in gold, the gold market will continue to attract safe haven flows due to the Israel - Hamas conflict. Regarding expectations: - Gold will fluctuate within the range of $1,900 per ounce until there is a ceasefire or a decrease in conflict. - Strong demand from India may boost the upward momentum of gold. The decline in gold prices in terms of rupees could be a catalyst for higher demand in India during the upcoming festival season. In the near future: - Currently, we need to wait for the speech by the Chairman of the Federal Reserve, Powell, on Thursday to get more clues about the monetary policy roadmap of the US Central Bank after the recent dovish remarks from some Fed officials. - If there are signs that the Fed is nearing the end of this rate hiking cycle, it will be good for gold, even if we don't see any rate cuts anytime soon. On the technical side: Gold continues to maintain an upward trend channel, thus attracting some buying pressure with an expected increase to $1960.
OANDA:XAUUSDLong
by AlselvSignals
2
Gold increases as uncertain, need to check again!Hello traders! Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading. It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
OANDA:XAUUSD
by Nolan_Signal
Gold price is sustainable developmentHello traders! Today, we continue to see a positive trend for gold as it continues to move upwards after receiving favorable news from the market yesterday. The price has made a new breakthrough, jumping from $1913 to $1938 in early trading today. From the observation of the chart, we can see that gold has broken the downward trend with a breakthrough at $1913. With the tense situation in the Middle East, gold is still seen as a safe haven by investors. Therefore, the target for further price increase is strengthened, aiming for two important long-term levels at $1980 and $2050, as shown in the chart above.
OANDA:XAUUSD
by Nolan_Signal
Gold hits fresh monthly highs above $1,940Hello dear friends! The price of gold is consolidating its strong upward trend, reaching a new monthly high of $1,940 at the start of Wednesday. Increasing political tensions between Israel and Hamas, along with positive economic data from China, have boosted the demand for the precious metal. The next resistance level can be seen at the highest point on September 20th, which is $1,947, above which the highest point on September 1st, $1,953, will be tested. Sustained upward momentum beyond this level could propel a new upward trend towards the range of $1,970 - $1980. Further south, the previous day’s low of $1,912 will be on Gold sellers’ radars.
OANDA:XAUUSDLong
by Karina_Bella
1
USD/CAD: There is some room for a rebound in the near termHello dear friends! Currently, USDCAD is trading around the price level of 1.363, showing consolidation. From the technical analysis chart, it can be observed that the price range is gradually narrowing and is close to the area of EMA 34. There is a high possibility of an upward price movement if USDCAD breaks out of the current trend and continues to increase towards the target of 1.368 and even higher at 1.378. What about you? Do you agree with this viewpoint?
Long
by Karina_Bella
7
Gold continues to grow according to the goal of 1970 USDHello dear friends, So today we are once again witnessing the shining performance of gold as the precious metal continues its upward journey of development. At the time of writing, gold is trading at $1948, with a total increase of $25 in the day and +1.33%. From the analysis chart, it can be seen that gold is rising in price and has now reached the upper limit of the Bollinger Band range, so there may be a slight downward movement in the short term, expected to find support at $1925. Karina still highly values long-term increases and aims for $1970. What do you think about the price of gold this week?
OANDA:XAUUSDLong
by Karina_Bella
GBPUSD: The price increase is not enough to reverseHello traders, in yesterday's trading session, after a slight increase in price towards the activity zone of the GBPUSD EMA, it quickly returned to a downward direction. The price action seems to lack enough strength to sustain the upward movement, indicating a possible reversal for this currency pair. Currently, the price is trading around the 1.217 level with a target to continue declining. The support level at 1.206 is being targeted at this time.
Short
by Nolan_Signal
USD/JPY remains capped below the 150.00 markThe USD/JPY pair is still limited to a narrow range of about 149.75 during the first trading hours in Asia on Wednesday. The yield of US Treasury bonds has strengthened the main pair of money. At a level of 150.00, investors still prevent the possibility that the Japanese government intervenes. However, the greener has attracted some buyers thanks to the optimistic US data on Tuesday, but the impact exists only in a short time. In addition, US industrial production increased by 0.3% compared to the previous month, stronger than expected. Finally, the capacity used increased to 79.7, better than estimated. Meanwhile, the higher interest rate of US Treasury bonds can limit the discount of USD and act as a support factor for USD/JPY pair.
by Nolan_Signal
BTCUSD continues to increase in a positive wayHello dear friends. BTC is currently emerging as a new trend as investors are pouring their capital into BTC as a safe haven while the market becomes unstable. Currently, BTC is trading at $27,242. It can be seen that the cryptocurrency is continuing to recover after a decline and encountering the trendline. Regarding prospects: the price in the week will be influenced by important news to note this week: - Retail sales MOM announced on 17/10 - Speech by the Fed chairman announced on 19/10 If it is good news, it is obvious that BTC will have the potential to surpass the barrier of $28,000 and continue to increase rapidly.
INDEX:BTCUSD
by Karina_Bella
2
EURUSD: Long discount has not endedHello dear friends! Currently, EURUSD has started to retreat from its uptrend breakout and is now heading towards a prolonged downward journey. The price is currently trading steadily at 1.0551, with a slight increase, testing the area of operation of EMA 34 and 89. However, there doesn't seem to be any signs of recovery as there hasn't been any reversal from the two EMA lines. Therefore, the downward trend is expected to begin soon, with price targets at 1.0496 and even lower at 1.0448. What are your thoughts on the upcoming movement of EU?
Short
by Karina_Bella
2
EUR/USD holds higher ground below 1.0600 amid softer US DollarHello dear friends, Currently, the EUR/USD is holding at a higher level but still below the 1.0600 mark in Asian trading on Wednesday. The flow of risk is dominating and weighing on the US Dollar, especially in light of optimistic data from China. The speeches by Lagarde and EU/US data are being closely watched. On the 1-hour chart, the price is well supported with technical indicators showing an upward trend. The current resistance level is around 1.0600, and breaking through that level will attract attention to 1.0630. Closing above that level will pave the way for further profits. If you find this article interesting and useful, please leave a like and follow to receive the latest updates from Karina!
by Karina_Bella
2
Update GBPUSD: Continue to plunge into the abyssHello dear friends. Today, GBPUSD continues its downward trend with prices trading around the 1.220 level and there are no signs of a halt yet. From the technical analysis chart: It can be seen that after forming the ABCD pattern, with wave D ending at a high of 1.315, GU started a prolonged SELL movement for several months, despite some upward movements, it was not enough to reverse the direction of this currency pair. With this decline, GU is currently aiming for lower levels, with the nearest target at 1.203 and then 1.180. The resistance level is at 1.231.
by Karina_Bella
2
USD/JPY Side Way at the end of the weekHello everyone! USDJPY is trading quietly as it fails to break through the strong resistance level at 149.85, as the Bank of Japan (BoJ) is expected to release inflation forecasts for fiscal years 2023 and 2024 earlier than anticipated. In terms of technical analysis: - In the short term, I believe that the USD/JPY pair will fluctuate within a sideways range around the price level of 149.85 and 149.40, as the market seems to lack any significant volatility. - In the long term, I believe that once it breaks out of this barrier, this currency pair will continue its positive trend with an expected increase towards 150.00.
by AlselvSignals
Clear target for USDJPY to rise to $150.00 USDGreetings, dear friends! Today, the USDJPY has continued its upward trend as expected. Upon examining the 1-hour chart closely, it becomes evident that the pair has yet to surpass the nearest resistance zone located at 149.43. At present, the pair is trading within a range around 149.12. The formation of a sustained uptrend has provided support for the pair, while the closest support level at 148.99 has played a significant role in driving its upward movement. Based on the above analysis, it is apparent that Alselv's target lies at 150.00. Alselv has previously identified this target by successfully surpassing the current nearest resistance level at 149.71.
Long
by AlselvSignals
8
Gold's short-term decline is expected to reach 1900 USDHello everyone, today the gold market is quite calm as there is little macroeconomic data from the United States being released. The market is waiting for information from the Chairman of the Federal Reserve, Jerome Powell, on October 19th when he speaks at the New York Economic Club. Due to this reason, gold sellers continue to push prices down, and gold is currently at $1920 with an expected decrease to $1900. This downward trend will continue until any positive developments occur that could lead to a price increase.
OANDA:XAUUSDLong
by AlselvSignals
8
EURUSD - Price may test resistance and then continue to declineHello dear friends! EURUSD today has undergone a significant short-term recovery and is currently trading calmly at 1.0550 since the time of writing. The tensions in the Middle East and higher-than-expected inflation figures in the United States have boosted the demand for the safe-haven US Dollar. From the analysis chart, we can observe that a downward trend channel has formed with a breakout level at 1.0604. Despite some short-term rebounds, there isn't enough momentum to escape the downward trend. The target for this week is 1.0448. The important levels to consider are: Support levels: 1.0495, 1.0450, 1.0400 Resistance levels: 1.0570, 1.0610, 1.0650
by AlselvSignals
1
EURUSD - Pay attention to the ZEW surveyHello dear friends, the EURUSD pair today continues to rise as predicted. It is currently trading at 1.0549. However, market participants are awaiting the ZEW Economic Sentiment Survey in October, which is expected to improve from -8.9 to -8.0. The major currency pair is currently trading around 1.0559, down 0.02% for the day. This could be seen as a sign of restraining the future rise of Gold in the near and short term. For the above reasons, the expected downward trend is likely to start soon, with a projected price of 1.0494 and possibly even lower at 1.0449.
by AlselvSignals
Gold's recovery is uncertainHello dear friends! Let's explore and share our opinions here. Gold has made a significant recovery above the $1857 mark. The precious metal continues its journey to conquer $1880. Due to concerns arising from the Israel-Hamas conflict, investors have been prompted to buy more. Wednesday and Thursday will bring us market news. As a result, the short-term surge in gold buyers has pushed the price of gold to $1900. Although this recovery is not yet certain, there may still be price drops in the future.
FXOPEN:XAUUSD
by AlselvSignals
18