AlselvSignals

AlselvSignals Updated  Nov 13, 2023

Dear friends, Currently, the USD/JPY pair continues to trade with a good price increase, within an upward trend channel. At the time of writing this article, the price is trading at 151.68. The price increase of this currency pair is supported by higher interest rates on US Treasury bonds and hawkish comments from Federal Reserve Chairman Jerome Powell. The pair...

AlselvSignals Updated  Nov 13, 2023

Dear friends,as predicted earlier, gold continued to decline in the past week's session and is currently trading at $1938. The weaker consumer sentiment than expected indicates lower consumer spending growth. As a result, the precious metal has experienced its worst week in 6 weeks as Powell maintains his tightening trend. Overall, gold is expected to continue...

AlselvSignals Updated  Nov 13, 2023

Dear friends, Currently, EURUSD continues to operate within a consolidation range with little change or signs of a new trend. The current price is trading around the 1.068 area, and this week it is expected to prioritize a downward movement with a long-term selling strategy as the USD strengthens, acting as a major resistance for this currency pair. If EUR/USD...

AlselvSignals Updated  Nov 11, 2023

Today, Gold continues to experience a slight decline and is currently trading around the range of 1954 USD - 1956 USD after reaching its lowest level in three weeks. From the 1-hour chart, we can see that Gold has shifted towards a downward trend. The strong US Dollar index and rising interest rates in the US Treasury bonds are negative factors for Gold. The...

AlselvSignals Updated  Nov 10, 2023

Dear friends, as predicted earlier, the BTC continues to surge in price. Currently, the price of Bitcoin is trading at $36,740, a 2% increase in the past 24 hours. At one point, Bitcoin even reached $38,000, its highest level in over a year. This further strengthens the confidence of traders that Bitcoin will soon reach record levels. Regarding market news:...

AlselvSignals Updated  Nov 10, 2023

Dear friends, the USD/JPY pair remained above the 151.00 level in today's trading session, experiencing a 0.06% decrease throughout the day. Currently, the higher yields of the US dollar and US Treasury bonds provide some support for this currency pair. However, additional benefits could potentially lead to some intervention from the Japanese government. Market...

AlselvSignals Updated  Nov 10, 2023

Dear friends, the GBP/USD pair entered a phase of consolidation on Friday and traded within a narrow range around 1.2220-1.2225, just above the weekly low touched during the Asian trading session. In market news: The US Dollar (USD) managed to maintain its overnight gains, inspired by comments from Federal Reserve Chairman Jerome Powell, which turned out to be...

AlselvSignals Updated  Nov 10, 2023

Dear friends, as anticipated, after the Bitcoin electronic market surged to $28,000 and surpassed the $30,000 mark, it showed signs of consolidation. At the time of writing, it is currently trading at $34,268, breaking free from the flag pattern, which has led to an impressive increase in its value. The price is now testing the descending channel of the flag...

AlselvSignals Updated  Nov 10, 2023

Today, the EUR/USD exchange rate is fluctuating around 1.0710 in the Asian trading session on Thursday. This currency pair lacks direction and momentum, resulting in no clear trend. However, the Euro (EUR) remains in positive territory following conflicting economic data from the Eurozone and Germany. Market News: As predicted, Germany's Harmonized Consumer...

AlselvSignals Updated  Nov 10, 2023

Dear friends, Currently, EURUSD is facing difficulties in attracting any meaningful buyers after receiving conflicting signals about the next policy move from the European Central Bank (ECB). In fact, the current market price indicates a 30% chance of interest rate cuts in March. This suggests that Deputy Chairman Luis de Guindos stated on Thursday that it is not...

AlselvSignals Updated  Nov 10, 2023

Gold prices are maintaining their position above $1,950, attempting to prevent a decline during Thursday's Asian trading session. The precious metal is going through a negative phase and may be influenced by the Federal Reserve officials opposing interest rate cuts. Despite the decline in US bond yields, with the 10-year US Treasury yield dropping to 4.48%, gold...

AlselvSignals Updated  Nov 9, 2023

Dear friends, ever since surpassing the $2010 mark, the value of precious metals has been on a steady decline. Currently, it is trading at $1953, showing stability in its downward trend. The US dollar remains weak compared to other major currencies. The USD Index, which measures the strength of the USD against a basket of major currencies worldwide, currently...

AlselvSignals Updated  Nov 9, 2023

Dear 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...

AlselvSignals Updated  Nov 9, 2023

Dear friends, Today, gold continues its downward trend. Since dropping below the $1990 mark, gold has been consistently declining and is currently trading at $1964 with signs of potentially reaching the $1950 price range. Speaking at various events, members of the FOMC agreed that inflation has decreased but additional measures may be necessary to bring it back...

AlselvSignals Updated  Nov 8, 2023

Dear 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...

AlselvSignals Updated  Nov 1, 2023

Dear 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...

AlselvSignals Updated  Nov 1, 2023

Dear 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...

AlselvSignals Nov 1, 2023

Dear 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...