The EURAUD is poised for an initial target of 1.46800, with favourable buying opportunities anticipated as it progresses towards the 1.63500 mark.
USD/CHF is poised for a further upside! Based on technical analysis, we're looking at a potential surge from the current 0.88200 all the way up to 1.0200 This could be a significant move, so keep your eyes peeled on the charts.
USD/CAD is poised for a breakout! Based on technical analysis, we're looking at a potential surge from the current 1.37660 all the way up to 1.52000 This could be a significant move, so keep your eyes peeled on the charts. Do your own due diligence and factor in any upcoming economic news that might shake things up. As always, trade safe!
Planning to initiate a short position in the Nasdaq when it reaches 19,100, aiming to capitalise on a downward movement to 18,600. Once the Nasdaq hits 18,600, I will close my short position and open a long position, anticipating a rebound that could lead to a new all-time high (ATH). This strategy is designed to take advantage of both the anticipated decline and...
Gold Market Outlook - Gold prices, closed lower for the second consecutive week while posting a fourth monthly gain. This suggests a complex market situation with potential short-term bearish sentiment but long-term bullish factors. After reaching an all-time high of $2,449.89 on May 20, gold prices have faced downward pressure, possibly due to profit-taking or...
The XAUUSD is poised for an initial target of 2350, with favourable buying opportunities anticipated as it progresses towards the 2370 mark.
A trade through $2284 will confirm the chart pattern, shifting momentum to the downside. This will reaffirm the momentum shift, setting up the market for a possible correction into $2230
Technical View - XAU/USD is trading higher on Monday, but Friday’s closing price reversal top may be producing enough of a bearish influence to put a lid on prices. A trade through $2333.88 will confirm the chart pattern, shifting momentum to the downside. A move through $2319.395 will change the minor trend to down. This will reaffirm the momentum shift, setting...
Federal Reserve Meeting and Gold Price Outlook - The Federal Reserve is holding its two-day meeting starting today Tuesday and will conclude on Wednesday. Most market participants expect the Fed to maintain its current interest rates. The CME's FedWatch tool shows a 94.6% chance that rates will stay steady and a 5.4% chance of a 0.25% rate cut, which would bring...
Potential for a bearish pullback on the GBPUSD 1W which could lead to a price movement towards the support level at 1.19600.
- XAU/USD is trading higher on Monday, but Friday’s closing price reversal top may be producing enough of a bearish influence to put a lid on prices. A trade through $2333.88 will confirm the chart pattern, shifting momentum to the downside. A move through $2319.395 will change the minor trend to down. This will reaffirm the momentum shift, setting up the market...
Gold Prices Showing Early Signs of Potentially Bearish Reversal Top Gold prices are facing a potential reversal as Treasury yields rise and the U.S. Dollar strengthens. Despite this, gold retains its appeal as an inflation hedge and safe haven amid geopolitical tensions. The market shows a struggle between bullish and bearish forces, with technical analysis...
XAUUSD is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 2253 level, it is likely to continue its upward movement towards the next resistance zone at 2270. Conversely, a breach of the support at 2229 would indicate a potential short-term peak and shift the bias...
EURJPY is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 165 level, it is likely to continue its upward movement towards the next resistance zone at 167. Conversely, a breach of the support at 162 would indicate a potential short-term peak and shift the bias towards...
GBPJPY is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 193 level, it is likely to continue its upward movement towards the next resistance zone at 196. Conversely, a breach of the support at 189 would indicate a potential short-term peak and shift the bias towards...
Possible bullish pullback price movement on CADCHF towards the resistance 0.68000 within the next period.
Possible bullish pullback price movement on DXY towards the resistance 107 within the next period.
The NASDAQ is poised for an initial target of 39180, with favorable buying opportunities anticipated as it progresses towards the 39900 mark.