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Still holding AUDUSD sells - Who's with me ?AUDUSD is likely to maintain a slightly bearish bias for the remainder of the week due to a combination of fundamental factors: 1. China’s Economic Slowdown: Australia’s economy is heavily tied to China due to its exports of raw materials like iron ore and coal. Recent weak economic data from China, including softer industrial production and ongoing concerns about its property market, have weighed on commodity currencies like the Australian dollar. 2. US Dollar Strength: The USD has remained strong, supported by expectations that the Federal Reserve may keep interest rates higher for longer. While the Fed is not expected to raise rates this week, the ongoing resilience in US economic data, particularly in the labor market and retail sales, is keeping the USD in demand. 3. RBA’s Dovish Outlook: The Reserve Bank of Australia (RBA) has adopted a more cautious tone recently, with inflationary pressures easing slightly and domestic economic growth showing signs of moderation. This has reduced market expectations of further rate hikes, weakening AUD. 4. Commodity Prices: Softness in commodity prices, particularly in key Australian exports such as iron ore, has added downside pressure to the AUD. Global risk sentiment remains fragile, and lower commodity demand amid concerns about global growth, especially in China, has further dampened the outlook for the Australian economy. These factors suggest a continuation of bearish pressure on AUDUSD, although potential rebounds in risk sentiment or unexpected shifts in central bank policy could provide short-term relief for the pair.
Short
by PERFECT_MFG
1
GBP/USD: Will It Continue to Rise or Face Resistance?The technical analysis for the GBP/USD pair on the 4-hour chart shows that the British pound is trading near the 20-period and 50-period exponential moving averages (EMAs). Both EMAs are consolidating, creating a support area just below the current price. However, the Bollinger Bands are slightly widening, which could indicate an impending period of increased volatility. The GBP/USD pair is currently trading just below the recent high, increasing the likelihood of a move towards the next key resistance level. A break above the current resistance zone could lead to a fresh rally, while a pullback could retest the lower EMAs as support.
by Naoomi
GOLD H4 Analysis And Market MovesPlease see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2580 Gold Price level and 2550 Gold Price level. EMA 5 is indicating the trend of the market. EMA Cross over can range between 2573 to 2575. That indicates if Price breaks this level. Then we will see again bullish wave. This kind market allow us to buy the dip and cash another next trend move. Strongest retesting zone exists between the price level 2564,2556 and 2545 price level. EMA 5 Crossing levels:- 2573 To 2575 Retracement Zone:- 2545 To 2555 Bullish Gold Levels:- 2590 2615 Bearish Gold Levels:- 2564 2556 2545 2530 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX
EURUSDLooking at this Eurusd chart, I see that the money pair is showing signs of continuing to move in the uptrend. The current price is trading around 1,11231, and there are a few important factors that we need to consider. Firstly, the yellow support area has been maintained very well, showing that the buyer still has the strength in maintaining the price in this area. This is also an area coinciding with EMA 34 and 89, creating more solid support for the price. Secondly, the rising trend is still being kept, and if the EURUSD can surpass the resistance level in the area marked by the red arrow, the higher the price will reach new high levels, even surpasses Through the threshold of 1,12000. However, I also did not rule out the possibility of a short -term adjustment. If the price cannot break the current resistance and decreases, the yellow support area will play an important role again. If this region is broken, a deeper decrease may occur, returning to the price area around 1,10384 or further to 1,09434. The best scenario that we are watching is the price will continue to rise, especially if we see the signal clearly breaks from the resistance threshold and set a higher peak. But, I will still be careful with any signs of reversal in the current resistance area. I wish you successful transactions and earn a lot of profits from this strategy!
Short
by BB_TradingFX
Gold price todayToday, gold price touched $2571 and did not change much from yesterday's trading session with stability above the highs in early Wednesday. Today there is no strong news and I will focus on the analysis on the 4-hour chart of #GOLD. From a close observation, the trend line and the price wedge both show an uptrend, however it is limited below the resistance of the uptrend channel. Based on previous reactions, I first expect the price to correct at the present time. My strategy today is to hold the short position until the specified target.
OANDA:XAUUSDShort
by BB_TradingFX
1
Gold Prices Rise Amid Selling Pressure and US Retail Sales DataThe current gold price chart shows strong support at the 34 EMA and 89 EMA, both of which are converging to form a key support area. This, combined with better-than-expected US retail sales data, suggests that the US economy is gaining some strength, which could support the dollar. However, weaker-than-expected retail sales could prompt the Fed to cut rates more aggressively later in the year. This creates a favorable environment for gold, as investment in gold tends to increase in low-interest rates. The gold market could react positively if the Fed cuts rates next week, easing selling pressure and potentially supporting gold prices to rise again.
OANDA:XAUUSD
by Naoomi
SILVER Is Very Bearish! Short! Please, check our technical outlook for SILVER. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 30.847. Taking into consideration the structure & trend analysis, I believe that the market will reach 30.212 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:SILVERShort
by SignalProvider
1
AUDCAD Will Fall! Short! Take a look at our analysis for AUDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.918. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.915 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Gold Hits New Record: Will the Fed Break Rates?Gold has now surpassed its previous record high of $2,570 an ounce, supported by strong expectations of a Fed rate cut. However, higher-than-expected US consumer price data has reduced the likelihood of a 50 basis point rate cut this month, although the market still expects a 100 basis point cut by the end of the year. Gold is considered a “safe haven” amid the current uncertainty, and if the Fed does cut rates as expected, gold prices could continue to rise.
OANDA:XAUUSD
by Naoomi