AmbaniFX

AmbaniFX Updated 

Today, gold is showing signs of a potential bearish move on the technical front, highlighted by a significant crossover between the 34 EMA and the 89 EMA on the hourly chart. This crossover point, in theory, often indicates a potential trend reversal, suggesting a shift from recent bullish momentum to a potential bearish trajectory. Technical Analysis Overview:...

AmbaniFX Updated 

Looking at the USDJPY chart on the 4-hour time frame, we have a clear uptrend in a parallel price channel. However, the market is showing signs of weakness as it approaches the resistance zone near 153.067. This could be a potential turning point with the possibility of a sharp correction to the downside. Detailed technical analysis: Main trend: The chart shows...

AmbaniFX

Today, GBPUSD is showing a potential short setup based on recent price action and key technical levels. The pair is trading around 1.2963, close to a significant resistance zone near 1.2990-1.3000, as shown on the chart. This area is converging with the 34 EMA and 89 EMA, which could act as additional resistance. Traders can consider entering near current levels...

AmbaniFX Updated 

On the 1-hour chart of EURUSD, the price is trading within an ascending channel, with clear resistance and support levels formed by trend lines. Currently, the pair is hovering around the $1.0890 area, close to the upper resistance line of the channel. The continuous increase has pushed EURUSD close to this resistance level, however, there is a high probability of...

AmbaniFX Updated 

The “Bump and Run” pattern is emerging on XAUUSD's 4-hour chart, signaling a potential correction phase after its impressive rally. Without fundamental support or fresh positive news, XAUUSD could be heading back to test key support zones in the near term. Key Support Zones to Watch: First Support Zone: $2,675 Second Support Zone: $2,605

AmbaniFX Updated 

What do you think about gold today? Let's discuss and strategize for the day! Gold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal? Key drivers: Gold's uptrend is supported by fundamentals, especially the possibility of the Fed...