ForxTay

ForxTay Updated  Apr 1

Gold has hit $3,040 per troy ounce for the first time in history. According to Goldman Sachs, gold could rise another 8% in 2025, reaching $3,100. But will this rally continue, or is a middle-term correction coming? What’s Driving Gold’s Growth? ✅ Geopolitical Tensions: Conflicts in Eastern Europe and the Middle East increase demand for safe-haven assets. ✅...

ForxTay Updated  Mar 28

Chinese artificial intelligence model called DeepSeek sparked a selloff in Al related shares, with megacap stocks including Nvidia which has been hit the most. The DeepSeek has launched a free assistant that uses cheaper chips and less data.This move seems to challenge the common belief in financial market that AI will boost demand for everything from chipmakers...

ForxTay Updated  Mar 26

Amazon (AMZN) is showing signs of potential bullish continuation on the 4-hour timeframe, but confirmation is key before entering a trade. Here’s a structured breakdown of the setup: Technical Analysis 1. Key Resistance at $200.50 • The price is currently consolidating just below this key level. • A clear breakout with strong volume would confirm bullish...

ForxTay Updated  Mar 25

EUR/USD is currently retesting a local support at 1.08155, but the broader structure suggests a potential move lower toward the channel support around 1.06227. The pair remains in a short-term bearish phase, with lower highs and weakening bullish momentum. Technical Outlook: • Support Levels: 1.08155 (local), 1.07500, 1.06227 (key channel support) •...

ForxTay Mar 22

Gold (XAU/USD) has pulled back from recent highs and is currently retesting a critical support zone between $2,995 - $2,954. This area has acted as a strong demand zone in recent price action, making it a key level to watch for potential bullish reactions. Technical Outlook: • Support Zone: $2,995 - $2,954 • Resistance Levels: $3,025 and $3,050 • Trend:...

ForxTay Updated  Mar 19

The US DOLLAR fell against its major peers yesterday extending its latest correction triggered by Trump's decision to delay tariffs on Mexico and Canada. Gold extended its rally to new record highs yesterday as the slide in Treasury yields has reduced the opportunity cost for holding the precious metal.The continuation of gold steep rally confirms the notion that...

ForxTay Updated  Mar 19

Since the Robotaxi event on October 11th, Tesla is up 38% , currently priced at $292 per share This is a return to the early November 2024 price level. But following the market correction over the last month, TSLA shares are down 23%. This was somewhat expected, given that the Trump-Musk alliance boosted TSLA stock in the short-term, which now fizzled out. The...

ForxTay Mar 17

Market Structure: Gold has recently formed a double top pattern near a key resistance level around $2980 - $2,995, signaling potential weakness in the uptrend. The price is currently testing this resistance for the second time, failing to break above it, will strengthens the bearish case. Key Technical Observations: • Double Top Formation: This pattern is a...

ForxTay Updated  Mar 3

On Wednesday, President Trump brought confusion to the outlook for tariffs on Canada and Mexico, suggesting they would take effect on April 2 instead of the earlier March 4 deadline, and also proposed 25% "retaliatory" tariffs on cars and goods from the EU. GOLD has since been trading in sideways for past week and it has finally broken the channel. this confirms...

ForxTay Updated  Feb 26

Tesla latest earnings report sent shockwaves to investors with earnings per share and revenue missing Wall Street expectations. The stock initially dropped in after hours trading but managed to rebound a little as the market digested the report . With mixed sentimental surrounding the automotive giants near term prospects, lets take a look at the stock technical...

ForxTay Updated  Feb 26

Why Amazon Is Going Down? While Amazon.com, Inc. posted solid revenue of $187.79 billion, its Q1 2025 sales forecast of $151 billion to $155.5 billion fell short of Wall Street’s $158.5 billion expectation. Add in concerns over a $100 billion 2025 spending plan…for AWS and AI $83 billion in 2024—and a $2.1 billion foreign exchange headwind, and you’ve got a...

ForxTay Feb 25

Bitcoin prices fell below $92,000, hitting their lowest level since last November. The collapse in risk assets began last week amid growing concerns about the outlook for the US economy, amplified by President Donald Trump's escalating tariff threats and the Federal Reserve's hawkish stance on interest rates. Meanwhile, MicroStrategy bought another 20,365 bitcoins...

ForxTay Updated  Jan 23

#GOLD traded at nearly 2710 per once on friday. ...it is near its highest monthly level and posting its third weekly . Recent US economic data, including lower than expected core inflation and disappointing retail sales data has revived hope that the Federal Reserve may cut rates more than once this year Technically it...

ForxTay Updated  Jan 17

Apple has reached all times high, touching the price level of $237. This milestone underscores the tech giants sustained growth and investor optimism in its future prospects. Over the past year ,Apple has seen its stock value increase by an impressive 32.41% ,reflecting the company's s strong financial performance ,innovative product lineup, and robust consumer...

ForxTay Updated  Jan 17

Elon Musk has been the key pillar of President Trumps campaign, now that the outcome is clear investors should see an end to federal law fare against Musk's from X and Neuralink and TESLA INC. Expected tariffs against China should give Tesla ample room to prepare its next lineup of affordable EVS such as Model 2, without having to resort to aggressive profit...

ForxTay Jan 6

THE dollar has remained near 109 holding at its highest level in more than 2 years. as investors prepare for the release of key Labour market data this week , we may see pairs go up and dollar correct a little. good luck and happy new year

ForxTay Updated  Dec 6, 2024

The national football league and amazon web services recently announced an extension of their long -term partnership. SINCE 2017, the NFL and AWS have been at the forefront of innovation, leveraging AWS'S artificial intelligence and machine learning services to shape the future of the football. Amazon FRESH has also introduced new grocery savings for its prime...

ForxTay Updated  Dec 6, 2024

Meta has aggressively shifted its focus toward AI, investing heavily in AI infrastructure and technologies to improve its platform offerings. AI is being used across its platforms for improving ad targeting, enhancing user engagement, and powering recommendation systems (e.g., in Instagram and Facebook). This AI integration is leading to better user experiences...