USD/JPY moves upward towards 149.00Hello dear friends, Currently, USDJPY is continuing to strengthen its price levels after several days of sideways trading within a narrow range of 149.42 - 148.32.
However, in the long-term perspective, USDJPY may still continue to rise as this currency pair is receiving recovery due to the positive risk sentiment amid the conflict in the Middle East. The resistance level at 150.00 is still considered a high target for the upcoming price increase.
Breaking above the 150.00 level will pave the way for further development in USDJPY towards higher levels.
Intradaytrade
USD JPY: Target 150.00Dear beloved friends, What do you think, will USD JPY rise or fall today?
From observing the 1-hour chart, as predicted by Karina UJ yesterday, it has increased as expected with today's price fluctuating within the range of 149.13.
However, this currency pair has not yet broken through the nearest resistance zone at 149.43. On the other hand, the Bollinger Band is still functioning steadily and no abnormal signs have appeared. In larger time frames such as 4H and 1D, the upward trend is still active.
Therefore, Karina continues to set her target at 150.00 with UJ finding support at 149.0 and surpassing the current resistance.
Gold price stands close to the highest level in two weeksHello dear friends!
Gold is currently increasing as we predicted yesterday, with a reversal from the EMA 34 and 89 opening up an upward trend. Additionally, gold has received a price boost as news from last night caused the USD to cool down and adopt a defensive stance, helping gold bounce back.
From a technical analysis perspective:
Gold needs to maintain its ability to rise today at the $1800 level in order for the upward momentum to continue. On the other hand, gold prices may face a challenge near the $1860 area (EMA 34 zone), and a deeper decline could reach the round number of $1840 (EMA 89 zone).
What are your thoughts on the price of gold today and in the near future?
EUR/USD sits near multi-week top above 1.0600Hello dear friends, What do you think, will EURUSD rise or fall today?
From the 1-hour chart, we can observe that the price is consolidating with the possibility of a breakout at any moment. Currently, the price is fluctuating around the level of 1.062, with a continued upward trend being favored.
According to Karina, the price may breakout at 1.064 due to the ongoing bullish trend, coupled with the expectations of a dovish stance from the Fed, which supports the strengthening of the US dollar as a defensive measure for this currency pair.
What about you? What are your thoughts on EURUSD today?
GBP/USD holds at two-week highs near 1.2300Dear friends, Currently, GBP/USD is experiencing a continuous increase and has reached its highest level in nearly three weeks, trading at 1.2292 and preparing to touch the 1.2300 mark.
The reason behind this upward movement may be attributed to the decrease in US bond yields and the positive risk sentiment, which weakens the USD and supports GBP.
Looking at the chart, after receiving support around the 1.205 level, GBP/USD has surged strongly and is currently at a resistance level of 1.227. By breaking through this resistance level combined with Fibonacci retracement, a further price increase could extend to a high level of 1.2455.
Gold consolidates at $1860The price of precious metals remains stable following the Israel-Hamas conflict, with no significant increase in the demand for safe-haven assets like gold. Currently, gold is trading at $1860 per ounce.
The lack of momentum in the USD, following a stronger-than-expected jobs report on Friday, has led many investors to believe that the greenback may have reached its peak. This is seen as a positive signal for the gold market.
It is expected that gold will continue to rise and reach potential resistance levels of around $1885 per ounce, followed by $1900 per ounce. The next potential support level is the highest point from Friday, at $1835 per ounce.
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BTC slides from a high level of 28,000, expected to decreaseHello everyone!
Today, the BTC continues its downward trend after slipping from its high of $28,000. Currently, BTC is trading around the $271.12 price range with no signs of stopping its decline.
On the chart, we can observe that the uptrend has been broken with a breakout at $27,633. This area also marks a reversal signal from the EMA 34, indicating that a downward movement is unfolding.
Given the current downward momentum, there are two price levels being targeted, namely the support levels at $26,759 and $26,208.
What are your thoughts on this?
EURUSD expands the increase of more than 1,600Hello dear friends, How do you think EURUSD will move today?
Currently, on the 4-hour chart, EURUSD has reached the level of 1.600 and is still trading steadily around this level. From a technical standpoint, the Bollinger Band range has not shown any signs of narrowing, and EURUSD continues to move at the upper limit of the Bollinger Band, indicating that the uptrend is still active.
With the current trend, the main resistance level is set at 1.0655, followed by 1.073, with significant support levels at 1.056 and 1.053.
EURUSD increased despite the USD recoveryEUR/USD is holding steady at 1.0600, losing ground amid a recovery in the US dollar despite dovish Fed expectations. Key focus is on US PPI inflation. The 4H chart shows an established uptrend with strong resistance at 1.0667. Break above this could push pair to new highs of 1.07185.
GBPUSD rebounded strongly when USD fellToday, GBP/USD rose higher during the Asian trading session on Tuesday, despite a lack of follow-through. The decline in US bond yields weakened the USD and provided support for borrowing. On the other hand, the prospects of the Bank of England (BoE) still lean towards pausing interest rates in November, but the upcoming GDP of the United Kingdom (Thursday) could add further hawkish bets as forecasts reveal strong growth.
The US bond market will be closed on Monday to observe Columbus Day. This week, GDP data from the United States and the United Kingdom will play a crucial role in short-term direction as well as developments in the Middle East.
Due to the reasons, buyers of GBP/USD at this time will continue to push prices higher, currently at 1.2235 USD with an expected increase to 1.2380 USD.
USD/JPY capitalizes on modest intraday gains from one-week lowHello everyone, I hope you're all doing well. Today, USDJPY showed a modest recovery during the day after hitting a one-week low at the beginning of this week. The lack of follow-through buying, amid decreasing US bond yields and reduced demand for the USD, contributed to this.
Looking at the technical picture on the 4-hour timeframe of USDJPY, we can see that after breaking the uptrend at the $149.15 level, USD was unable to reach the expected $150.00 level. Currently, it is trading at $148.69.
In terms of predictions, there is a possibility that the significant support level at $147.33 will be retested before any positive developments in the market help push the currency pair higher again. On the other hand, breaking this support level could lead to a significant drop in this currency pair.
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GBPUSD continues to rise againHello intelligent and wealthy traders!
Currently, GBPUSD is taking advantage of the opportunity to rise and recover from previous losses, with the price currently trading around the 1.223 level.
Using the excellent Fibonacci retracement tool from Trading View, this upward movement has the potential to extend to 1.2278 and even higher to 1.245. These are also two important resistance levels on the current 1D chart.
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Latest BTC update todayHello dear friends!
Today, BTC continues to maintain stability at the level of 27,666 USD. The price has not yet broken through the expected level of 28,000 USD, but it is still performing well in terms of gains.
In terms of technical analysis, we are witnessing a convergence of the 34 and 89 EMA lines, which means that the volatility during this period is still not clearly evident. In terms of prospects, BTC needs to surpass the current resistance level at 28,071 USD and even higher at 28,340 USD in order to continue its upward trend. On the other hand, the current support level is set at 27,400 USD, and if it is broken, it will reveal a potential decrease in the future.
BTCUSD analysis todayGreetings, dear companions!
BTCUCD is maintaining its bullish momentum at elevated levels, currently being traded at $27,658. Although it has yet to surpass the anticipated threshold of $28,000, it is still demonstrating commendable profitability.
From a technical analysis perspective, we observe a significant upward trend in the value of gold. Looking ahead, BTC must overcome the present resistance at $28,071, and even surpass the higher resistance at $28,340, in order to sustain its upward trajectory.
Update the latest gold priceHello dear friends! Today, gold continues to maintain its strong upward trend. Currently, gold has increased by 0.12% in the day and is trading at $1863, an increase of approximately $22 compared to the same time yesterday.
On the analysis chart, the two EMA lines, 34 and 89, are gradually converging, indicating that gold may experience a slight decline towards the support level of $1845 before the next trend becomes clearer. However, Karina still holds the opinion that gold still has the opportunity to rebound and potentially reach the $1900 mark in the future.
What about you? Do you share the same viewpoint? Leave a comment and let Karina know!
EURUSD: The price continues to increaseHello dear friends! In today's analysis chart, we can see that the recovery trend continues to develop with today's price trading at 1.060, maintaining a continuous upward trend since the last decline at 1.0460.
The target for this price increase will be two main resistance levels on the 4H chart, which are 1.0661 and 1.0733 respectively.
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Gold ended the week with a slight increaseGood day to all traders. Today, we will delve into the current state of the market. Analyzing the 1-day chart, it becomes evident that gold is currently experiencing a significant downward trend and is being traded at a value of $1871. Although there may be minor fluctuations in the short term, overall, sellers are persistently contributing to the likelihood of gold's continued decline in the foreseeable future.
Gold is still falling freely, possibly down to 1,800 USD/ounceGold prices experienced a further decline during the recent closing session, currently trading at $1848 USD. This can be attributed to the Federal Reserve's persistent hawkish stance, which continues to suppress the upward trajectory of precious metals in the market. Although US bond yields have decreased slightly, they still remain relatively high at 4.55%. Additionally, the US Dollar Index has risen above 106 points, exerting additional downward pressure on gold.
The prospect of higher interest rates poses a risk for gold prices, potentially driving them down to $1,800 per ounce. However, it is worth considering that there may be an increase in demand for gold if labor conflicts persist and inflation continues to impact the US economy leading to a government shutdown.
Short-term Gold PotentialGreetings, traders! What are your thoughts on the precious metal known as Gold?
Currently, Gold is exhibiting less volatility and is trading at approximately 1819, which remains unchanged from yesterday. It's worth noting that the USD-Index has dipped below 107 points since October 4th. The recent news of a milder-than-expected increase in jobs within the US private sector has provided support for Gold.
The positive condition of the labor market may potentially enable the US Federal Reserve (Fed) to continue implementing stricter monetary policies.
Unfortunately, on October 4th, there was a setback for precious metals as the yield of the 30-year US Government bond reached an alarming level of 5%, making recovery more challenging.
Taking into consideration the technical analysis on a H4 time frame chart, it becomes evident that Gold is currently experiencing a downtrend without any sign of momentum to reverse this trajectory. However, today we expect to witness a minor correction in Gold's value towards its resistance level at $1850 while maintaining support around $1800.
Gold for the price increase, the most new analysisGreetings, valued traders! As predicted, the price of gold is experiencing significant growth and has currently reached a level of 1832 USD. This marks the highest increase seen in the past week.
After breaking away from its downward trend, the value of gold is on an upward trajectory. Additionally, due to three consecutive declines in the value of the dollar, support for purchasing gold remains strong. It is anticipated that prices may rebound to around 1,834 USD and potentially even reach 1,853 USD. This positive trend will persist until negative news pertaining to this currency pair emerges and dampens investor sentiment.
Gold extends gains to $1880?Hello dear readers! It's a pleasure to engage in this first conversation with all of you! Just as predicted in the previous weekend session, Gold opened at 1,849 USD/ounce, experiencing a significant increase of 16 USD/ounce compared to the previous week.
The buying demand for gold when prices dropped to their lowest level in 7 months has helped the precious metal recover. Despite the US Dollar index maintaining its high level around 106 points on the international market, gold prices continued to rise.
Due to buyers' interest in pushing up gold prices, Gold is currently trading at 1,851 USD with a projected increase reaching 1,880 USD from its opening price of today's session.
Latest EURUSD long-term analysisHello everyone. Currently, the EUR/USD exchange rate is trading above 1.0550, as it receives support from a slight decrease in the value of the US Dollar. The decline in US bond yields and the presence of a positive risk sentiment seem to be contributing to the weakening of the safe-haven status of the US Dollar.
The next level of resistance for the EUR/USD pair is at 1.0580. If this level is breached, it could lead to a further increase in the exchange rate, potentially reaching last week's high of 1.0600. As long as the exchange rate remains above 1.0530, the short-term upward trend will remain intact. However, if it drops below 1.0520, it may indicate a potential decline towards the 1.0500 area, suggesting further weakness in the near future.
This week, there are some significant events that could have a substantial impact on the EUR/USD exchange rate. One of them is the US Federal Open Market Committee (FOMC) meeting, where important decisions regarding monetary policy will be made. Additionally, the Consumer Price Index (CPI) data for the US will also be released, providing insights into inflation levels. These developments are expected to influence the movement of the EUR/USD pair.
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