The EUR/USD pair is trading around 1.0450, ab0ve the 200 EMA, and above 5/8 Murray with a bullish bias. On the H4 chart, we can see that the euro has continued its rise since it sharply broke the uptrend channel, but is now showing consolidation. Therefore, EUR/USD is likely to reach 6/8 Murray at 1.0498 in the next few days and could even reach 7/8 Murray at...
Gold is trading around 2,752, below 2,700, below 7/8 of Murray, and above the 21 SMA. Gold is showing signs of exhaustion. Therefore, the technical correction will go ahead in the next few hours and the price could reach 6/8 Murray location at 2,734. A break below 6/8 Murray could mean a strong bearish acceleration and gold could fall towards the psychological...
Gold is trading around 2,681 below the 21 SMA within the uptrend channel forming since December 23. Gold could continue its fall in the next few hours until it hits the pivot point of 2,656. On the other hand, in case gold bounces within the uptrend channel, it will be seen as an opportunity to buy with the target at 2,675. If the price breaks and consolidates...
Gold is trading around 2,682 with a bullish bias after having found a strong support around the 21 SMA located at 2,660 Gold could face a strong resistance around 5/8 Murray located at 2,695 which could be seen as an opportunity to sell with targets at 2,660. With a consolidation above 2,695 (5/8), the instrument could continue the bullish momentum and we expect...
Today, gold sustains modest intraday growth during the first half of the European session, though it lacks the momentum for a stronger upward move. Uncertainty surrounding U.S. President-elect Donald Trump's tariff plans, fears of a trade war, and geopolitical tensions act as tailwinds for the precious metal. The $2665 level serves as a strong resistance barrier....
The euro is trading around 1.0285, making a strong technical correction after having reached the top of the downtrend channel at about 1.0434. Now, the euro is approaching support levels which means that consolidation is likely to occur. If the euro bounce around 4/8 Murray in the next few hours, it could be seen as an opportunity to buy as technically, a...
The euro is trading around 1.0404, making a technical correction after an attempt to break the bearish trend channel but without success. On the h4 chart. we see technical correction. Therefore, if EUR/USD consolidates below 1.0430, it could continue its fall in the coming days until the price reaches the 21 SMA located at 1.0335. If the euro breaks and...
Gold was trading around 2,627 making a technical correction after having reached the top of the downtrend channel and now we are seeing a technical bounce. A technical bounce is likely to occur up to the 2,640 area. If gold bounces above the bottom of the downtrend channel, we can expect it to reach 2,642. This area represents strong resistance as it coincides...
EUR/USD is trading around 1.0299. bouncing after having reached a low at 1.0222. This coincided with the bottom of the downtrend channel. Now after the technical bounce, the instrument is located above 2/8 of Murray. So, a recovery is likely to follow in the next few hours. If the euro consolidates above 0/8 of Murray in the next few hours, we could expect it to...
Gold was trading around 2,658, above the 21 SM, and within the bullish trend channel forming since December 27 with a bullish bias. Since gold is located above the 21 SMA and is now breaking the 200 EMA, the bullish force will likely prevail and the metal could reach 4/8 of Murray at 2,663 in the next hours. On the other hand, a strong rejection of the...
GOLD is trading around 2,602. bouncing off the low of 2,582. Now the price is above 2,600 which means it could continue its rise in the next few hours and reach the 21 SMA around 2,645. Technically, XAU/USD is below the key pivot point located at 2,656 which means that it could reach the 200 EMA located at 2,512 in the short term and even reach the psychological...
The euro was trading around 1.0409 within the downtrend channel forming since early December, above the 21 SMA, and below the 2/8 Murray. The euro is in a downtrend channel. if it consolidates below 1.0409 in the next few days, it is likely to reach the 0/8 Murray located at 1.0253. On the other hand, in case of sharp break above the downtrend channel and...
The EUR/USD pair is trading around 1.0406, above 1/8 of Murray, and within the downtrend channel forming since November 29th. Yesterday during the American session, the euro reached the low of 1.0325 and covered the gap that it had left on November 20th around 1.0417. Since the euro is showing a slight recovery while consolidating above 1/8 of Murray, we could...
Having reached an all -time high of $108,300. Bitcoin has been undergoing a strong technical correction. It indicates that the crypto could could continue its technical correction in the next few days and reach $95,799 where the 200 EMA is located. In case Bitcoin wants to recover part of the losses, we could expect a pullback to occur at +1/8 Murray located at...
The euro is trading around 1.0496, below 2/8 Murray, below 21 SMA, and within a downtrend channel forming since November 26th. The euro is under selling pressure. Therefore, EUR/USD is likely to continue its fall in the next few hours. The euro has been consolidating since the beginning of November above the psychological level and below 1.0620. This...
Gold prices are entering a phase of bearish consolidation. The understanding that the Federal Reserve may slow the pace of its interest rate cuts due to stalled progress in reducing inflation to its 2% target acts as a headwind for the yellow metal. However, a combination of factors continues to provide some support. A slight decline in U.S. Treasury yields...
The EUR/USD pair is trading around 1.05028, trading within the downtrend channel and below 2/8 Murray. Technically, the euro is under bearish pressure and is expected to trade below the psychological level of 1.0500 in the next few hours. The EUR/USD pair is one of the most traded currency pairs in the world, representing the value of the euro against the US...
GOLD is trading around 5/8 of Murray at 2,673 within the uptrend channel forming since December 4 and above the 21 SMA and the 200 EMA. On the H3 chart, we can see that during the European session on Wednesday, gold made a strong technical correction from 2,704 to 2,676. Since then, we see that it has recovered part of the losses. A further drop is likely to occur...