The weekly chart AUDUSD hit the support line at $ 1764 and rose. The XAUUSD daily chart has also moved to higher levels. Intensifying buying pressures could push the global ounce price up to $ 1,855. In the four-hour chart, the price of an ounce of global gold fluctuates in the neutral phase, but still fluctuates towards higher prices. If buying pressures...
Last week's meeting of the US Federal Reserve weakened the EURUSD. The Federal Reserve is moving much faster than market forecasts toward contractionary monetary policy (stop buying bonds and raising interest rates). The European Central Bank (ECB) has not yet announced its exit from expansionary monetary policy. The divergence between the monetary policy of...
The weekly chart of GBPUSD has started a bearish return and has fallen to the support of $ 1,3934. This weekly support is in line with the 23.6% Fibonacci correction and the uptrend line. The GBPUSD daily chart also crossed below the 50-day moving average and the uptrend line, reaching support at $ 1.3934. The pound may jump out of this range. The four-hour...
The USDCAD pair has crossed the resistance level of 1.2201 and it can be said that the formation of the price floor at the rate of 1.2005 has been confirmed. The USDCAD has moved up from the support level of 1.2061-1848, and the short-term trend of the US dollar against the Canadian dollar is up to the resistance area of 1.2653-1.263. From the sellers' point...
The price of light crude oil (WTI) fluctuates around $ 72. Growth in global demand for crude oil supports the market, but at the same time the Federal Reserve's willingness to change monetary policy has put the market under pressure. According to Citigroup, the outlook for the crude oil market remains positive and Brent crude will soon reach $ 80. The head of...
The free fall of the world ounce gold price continues and for the first time since May, we are witnessing the fall of the world gold price below $ 1800. The trend was in the form of resistance during April and broke in early May. However, the recent downward movement of gold has caused the XAUUSD to fall to the price floor of the last 10 weeks. The main reason...