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USD/JPY hit an 11-month high at 149.00As widely expected in the market, the Federal Reserve (Fed) chose to maintain interest rates in the 5.25-5.50% range during its meeting on Wednesday. This decision creates an opportunity for USD JPY to continue to shine. However, Fed Chairman Jerome Powell, in a subsequent press conference, reiterated the Fed's commitment to achieving its 2% inflation target. Powell also mentioned that the Fed is ready to raise interest rates if necessary, posing a new challenge to USD JPY and asking for cautious movements in this currency pair. Technically gold is in an uptrend and this pair has created a large candle at 149.08. It is expected to adjust at least to the regulatory level and then decrease to the regulatory level.
Short
by AlselvSignals
USDJPY futures bearish?Greetings, beloved companions. The situation remains relatively unchanged for the European Union today, as the currency pair is persistently displaying a bearish trajectory. This can be attributed to the firm position taken by the Federal Reserve (Fed) and indications that the European Central Bank (ECB) may refrain from implementing any further interest rate hikes. At present, this prominent pairing is being traded at approximately 1.0563, experiencing a decline of 0.09% within this day. In my personal estimation, it seems plausible that this particular currency pairing will only witness an upward movement in the immediate future. However, it is anticipated that a slight decrease will occur subsequent to reaching its designated level.
Short
by AlselvSignals
4
Update USD/JPY today September 28Greetings to all my friends! The USDJPY pair is maintaining its strong position and has reached a trading threshold of approximately 149.37. However, it is currently experiencing a slight decline, trading at 139.30. This can be attributed to the US Dollar Index (DXY) reaching a 10-month high of around 106.20, thanks to the Federal Reserve tightening monetary policy in order to ensure price stability. Such actions by policymakers could potentially impact the pair and lead to further declines. Based on my personal opinion as an admin, I believe that there might be a slight adjustment in price as it searches for its bottom level before rebounding upward again with support from that level.
by AlselvSignals
UJ needs more momentum to move towards 150.00Greetings to all! Currently, the USDJPY pair is maintaining its upward trajectory and is presently engaged in a horizontal trading pattern at 149.11. The Japanese Finance Minister, Shun'ichi Suzuki, has reiterated that the government will take measures against the recent depreciation of the Japanese Yen (JPY), which is benefiting this currency pair. However, in terms of long-term prospects, this particular pairing still faces challenges from a psychological resistance level situated at 150.00. It is not currently feasible to surpass the resistance level of 149.72 due to the absence of a specific target set by the government to trigger currency intervention for JPY. Nonetheless, there's no need for concern regarding market psychology at present since buyers will continue to provide support. Consequently, it's expected that prices will correct themselves back towards previous levels and successfully surpassing the resistance level of 149.6 will pave a path for further increases in USDJPY prices.
by AlselvSignals
EUR/USD holds near 1.0650Hello traders, what do you think about EURUSD? Currently, the EURUSD market continues to maintain a downtrend but has gradually turned to a sideways trend and reached a trading level at 1.0645 during the European trading session on Monday. Data from Germany and the euro zone showed private sector business activity contracted at a softer pace in early August than in July. HCOB composite PMI increased to 46.2 and 47, respectively. 1 in Germany and the Eurozone. These figures failed to give a notable boost to the Euro but helped it hold its ground. If we escape this trend, the possibility of the EU moving forward is completely feasible.
by AlselvSignals
EUR/USD continues to stay low below 1.0600Hello traders, what do you think about EURUSD? The pair is currently at 1.058. The pair remains weakened by the ongoing uptrend in the US Dollar along with US Treasury yields based on the Fed's higher long-term interest rate stance. EUR/USD fell below 1.0600 for the first time in months, breaking key support at 1.0630. With prices below that level, further losses are likely. The daily chart shows the pair heading towards the area between 1.0510 and 1.0530, which represents the February and March lows. On the 4-hour chart, support around 1.0560 could trigger a recovery. The 1.0600 and 1.0630 levels have now emerged as suitable resistance levels. A fall below 1.0550 could result in increased volatility and possible downside acceleration
Short
by AlselvSignals
EURUSD Analysis: Decline extendedGreetings, beloved acquaintances. There have been minimal alterations in the European Union (EU) today, as the pair continues to adhere to a downward trend. This can be attributed to the Federal Reserve's (Fed) hawkish stance and indications that the European Central Bank (ECB) may abstain from implementing any future interest rate hikes. Presently, the major currency pair is being traded at approximately 1.0563, experiencing a 0.09% decline throughout the day. In my personal viewpoint, this particular currency pair has room for growth in the short term. Nevertheless, a slight decrease is anticipated subsequent to reaching its designated level.
by AlselvSignals
EURUSD recovers from lossesHello dear friends! Today, the EURUSD is experiencing a strong recovery and is currently trading around the 1.058 level. The strong recovery following the lowest daily close of the year so far has improved the prospects for the Euro, although the overall trend is still downward. However, a potential prolonged recovery to around 1.0700 could occur due to support from a correction in the US Dollar, which has temporarily paused after an extended period of gains, creating favorable conditions for an increase in value for the EU. And what do you think?
by AlselvSignals
Is GBPUSD expected to decrease in the near future?The British Pound (GBP) maintained its downward trajectory today, influenced by the UK's economic deceleration and the surging yields of US Treasury bonds. These factors have bolstered the strength of the US Dollar (USD) and consequently caused further depreciation in GBP/USD exchange rates. Anticipated additional declines are expected for this currency pair due to the Bank of England's decision to temporarily halt its interest rate tightening efforts, which has subsequently led to an increase in consumer expectations for inflation.
Short
by AlselvSignals
7
Gold prices plummeted before the recovery of the USDThe current price of gold in the international market is hovering around $1,897.9 per ounce, which is a decrease of $3 per ounce compared to this morning. The recent monetary policy meeting of the Federal Reserve (Fed) indicates that their stance will continue to be a catalyst for pushing bond yields and the US dollar higher, putting significant pressure on precious metals and acting as the main factor influencing gold prices. Analyzing the 4-hour chart, Gold has declined without finding support at the $1900 level. It would not be surprising if gold continues to test lower levels below $1888 as it is a strong support level that suggests potential price recovery from this point.
by AlselvSignals
EURUSD cannot yet resist the downtrendGreetings to all. At present, the EURUSD pair is persisting in its downward movement and is presently being traded at 1.0506. It appears that there is a consensus among us that the prevailing trend favors a robust Dollar. As of now, no compelling reason has surfaced to oppose this bearish trend in EUR/USD. However, it would be wise to closely monitor inflation rates in Germany and Spain today, as any significant developments may influence the European Central Bank's final interest rate adjustment decision. Barring such unforeseen circumstances, it is anticipated that EUR/USD will continue its decline towards the 1.0400/1.0410 range.
by AlselvSignals
USD/JPY continues to shine at 148.86Currently, UJ continues to shine as it continuously maintains its upward momentum, reaching record highs in the past few months. The pair is currently trading at 148.79 and remains in an uptrend, continuously receiving support. In particular, the Japanese government's intervention in the foreign exchange market to support the domestic currency along with lower risk levels will partly support the further appreciation of the Japanese Yen (JPY). If it breaks through 149.00, it is likely to increase with the next level being 149.55.
Long
by AlselvSignals
2
XAUUSD- Precious metals wait for new signals from the FedHello everyone, World gold prices are stable, spot gold decreased by 1.7 USD/ounce to 1,931.7 USD/ounce. Gold futures last traded at $1,953.40 per ounce, down $0.30 from the bright spot. The precious metals market was quiet at the beginning of the week while waiting for information related to the US Federal Reserve's (Fed) monetary policy meeting. The debate will end on September 20 (USA) according to the Fed's decision and the report meeting of Fed Chairman Jerome Powell. Both bulls and bears expressed caution before considering the Fed's monetary policy in the near future. Technical chart on the H4 time frame, we can see that gold has peaked at 1936 and has declined slightly. It is likely that gold will return to 1924 and find a new milestone in the uptrend at 1950.
OANDA:XAUUSDShort
by AlselvSignals
2
Gold's next developmentsHello traders. What do you think about Gold? Currently gold is trading at 1927 USD. After receiving strong support at 1914 USD. Gold prices fell for the third straight day on Thursday. The drop comes as interest rates fall suggesting a significant decline may not be on the horizon at this point. However, in the short term, when gold reached the resistance level and quickly retreated to 1905 USD before any new developments appeared from positive information from the Fed in the near future. And it may return to the original target of the weekly high of 1947 USD/Troy Ounce (September 20).
OANDA:XAUUSD
by AlselvSignals
Gold continues to find a bottom below 1910 USDHello dear traders, what do you think about Gold? Currently, the gold market continues to decline after breaking the upward trend line at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading session. It can be seen that the recovery of the US dollar is an important factor affecting this precious metal, causing its price to drop. On the 4-hour chart, gold is still searching for a new low price. We still maintain the view that the important support level to watch is $1910 per ounce.
OANDA:XAUUSDLong
by AlselvSignals
NZDUSD after creating 2 peaks, short-term setupHello traders. What do you think about NZDUSD? Currently, the market is not much volatile as it is trading around the 0.595 price level after facing significant selling pressure near the 0.6000 psychological resistance level. Now looking at the technical picture on the 4-hour timeframe, we can see that yesterday the pair formed a double top candle. Expect this pair to drop to at least the specified level then rise back to the specified level.
Short
by AlselvSignals
2
GBPUSD continues its downtrendHello dear traders! What do you think about GBP/USD? Today, GBPUSD continued its losing streak reaching its lowest level in many months. Currently, the price is trading at 1.2265 and still shows no signs of exiting the downtrend. On the other hand, UK economic data is weakening so the path of least resistance for the pair right now is bearish. 1.2240 is considered the immediate support for this pair. A close below that level on the 1D chart could open the door to further declines towards 1.217 and 1.205. In the short term it is expected to fall to at least the indicated level after retracing to the breached level.
Short
by AlselvSignals
What does the gold price at the beginning of the week promise?The world gold price is trading at 1,924 USD/ounce, down slightly by 1 USD/ounce compared to last week's closing session. Gold price is currently still trying to stay above 1,920 USD. After being surrounded by a lot of pressure, the precious metal price still maintains a stable price, helping to strengthen investors' confidence in a safe haven asset. Gold prices remain confined below key support-resistance at $1,926. However, in the long term, it is believed that gold prices may increase due to “market overreaction to the Fed; Inflation has not ended and the economy is on the brink of recession, which will be a favorable environment for gold."
OANDA:XAUUSD
by AlselvSignals