TradingForecast_Signals

TradingForecast_Signals Updated 

Currently, the EUR/USD continues to trade below the resistance level of 1.0850 as the currency pair remains within familiar levels for the week. The Euro has been declining against the US Dollar due to a decrease in price flow after the ECB maintained stable interest rates and the US GDP grew faster than expected in 2017. At the time of writing, the price is...

TradingForecast_Signals Updated 

The gold price today seems to have remained unchanged from earlier this morning, mainly ranging between 2021 - 2022 USD. Although the US GDP growth has exceeded expectations and core orders have increased, negative factors such as rising unemployment claims and inventory levels, along with reduced personal consumption, will pose challenges to the US economy. As a...

TradingForecast_Signals Updated 

Welcome to a new week of promising and productive trading! The GBP/USD pair is trading within a narrow range just above the 1.2700 level during the Asian trading session. This is an impressive move from the bulls, as they not only successfully defended the key support zone at 1.2690 but also pushed the GBP/USD price higher from this point onwards. Given the...

TradingForecast_Signals Updated 

Hello everyone, gold has experienced a sharp decline since yesterday evening and has entered a consolidation phase with seemingly no change in price for over half a day. The precious metal is trading around $2017 USD and continues to remain stable at this price level. The price still leans towards a short-term downward outlook due to the reversal signal from the...

TradingForecast_Signals Updated 

Hello dear friends! Currently, in today's trading session, the downward trend continues, despite some price adjustments that indicate a potential peak forming at 1.0933. The current support level is around 1.0816. If this level is breached, it may cause EURUSD to decline further, possibly reaching the level of 1.0750. In the near future, it is expected that the...

TradingForecast_Signals Updated 

Dear friends, currently the GBP/USD pair continues to trade within an upward channel during the early Asian trading hours on Thursday. Today, the GBPUSD price is hovering around 1.2712, marking a 0.1% decrease for the day. After careful observation, we can see that this currency pair has broken through the psychological resistance level of 1.2700 due to...

TradingForecast_Signals Updated 

Hello dear friends! Today, BTCUSDT is trading at $40,108 and there isn't much volatility compared to the previous trading session. Any breakthrough outside of the box in the current picture will cause significant price fluctuations. My expectation is that the price will still decrease following the negative momentum from the market's previous downward trend....

TradingForecast_Signals Updated 

Dear friends, the price of gold remains unchanged compared to yesterday's trading session, mainly fluctuating within a consolidated range. At the time of writing, the price is hovering around $2022, experiencing a 0.12% increase during the day. Meanwhile, the stock market has surged while government bond yields continue to decline, providing short-term support...

TradingForecast_Signals Updated 

Dear valued readers, as I mentioned yesterday, BTCUSDT has broken out of its upward channel, leading to a significant decline in the price. At the time of writing, the cryptocurrency market is trading around the $40,000 mark. The downward trend is strong as the price has surpassed several important support levels, namely $41,000 and $42,000. Meanwhile, after the...

TradingForecast_Signals Updated 

Hello dear friends! Today, USDJPY is trading around 147.66 and is in a corrective wave within its trend, as the currency pair has just experienced a downward breakout from a marked support level. Accordingly, the USD/JPY pair is undergoing a downward trend as market confidence recovers due to expectations that the Federal Reserve will begin implementing interest...

TradingForecast_Signals Updated 

BTCUSDT continues its downward trend on the fourth day of the week, surpassing the psychological support level of $40,000 and trading around $39,600. The strong support for further decline is evident as it trades below both EMA lines and shows a clear reversal signal from the EMA 34. On the chart analysis and using Fibonacci, there is a possibility of creating a...

TradingForecast_Signals Updated 

Dear friends, Today, gold continues to operate in a downward trend channel, as evidenced by its price breaking out of the previous upward channel and dipping below $2,020 in Wednesday's US trading session. At the time of writing, the price is trading around $2,016, showing a 0.12% recovery for the day. Meanwhile, the Bank of Canada (BoC) has announced that it...

TradingForecast_Signals Updated 

Hello everyone, let's explore the price of gold! Regarding the developments and outcomes of the news on January 22nd: The price of gold has experienced significant fluctuations, mainly fluctuating in a downward trend, and the EMA continues to be the dominant support for gold. Currently, the price is consolidating. This is due to the strengthening of the US dollar...

TradingForecast_Signals Updated 

Hello everyone, The GBP/USD pair has recovered from recent losses in the first trading hours in Asia on Wednesday. The major currency pair touched its lowest level in 4 days near 1.2650 and bounced back towards the 1.2700 mark. Meanwhile, Investors are awaiting the release of the UK's Manufacturing and Services PMI for January to gain new momentum. With the...

TradingForecast_Signals Updated 

The Japanese Yen benefited from the hawkish stance of the Bank of Japan on Tuesday, despite a lack of further action. The uncertain global political and economic landscape provides a safe haven for the JPY. Betting on an early interest rate cut by the Fed will support the USD and the USD/JPY pair. My personal observation: The upward trend remains dominant,...

TradingForecast_Signals Updated 

Hello everyone. From the 4-hour chart, the downtrend remains the dominant trend for this currency pair, with further evidence of this decline being that EURUSD continues to stay below the resistance level of 1.0900. This movement appears to be influenced by the convergence of the EMA line and nearby resistance levels. Currently, EURUSD is trading sideways with...

TradingForecast_Signals Updated 

Dear valued readers, Escaping the previous recovery channel has caused the product to decrease in price. At the time of writing, the currency market is still trading below the 1.0900 barrier. The downward trend is very strong because it cannot take advantage of the previous price increase. Furthermore, the Euro is facing downward pressure after consumer...

TradingForecast_Signals Updated 

In the European trading session on Wednesday, the price of gold (XAU/USD) continued its downward trend, despite a lack of strong selling pressure. The trading range has been maintained for several days, with traders exercising caution and waiting for further signals from the Federal Reserve regarding interest rate cuts. The market's focus is currently on key...