nguyentrongthang2468

nguyentrongthang2468 Jun 24, 2021

Gold will recover to 0.5 of Fibonacci after clearly signal

nguyentrongthang2468 May 17, 2021

The recent rally in the price of gold appears to be stalling ahead of the 200-Day SMA ($1847) as Federal Reserve officials expect the recent spike in the US Consumer Price Index (CPI) to be temporary, and the Federal Open Market Committee (FOMC) Minutes may drag on the precious metal as the central bank appears to be in no rush to switch gears.

nguyentrongthang2468 May 1, 2021

AUD/USD: Broader less US-centric optimism over the global recovery is emerging, likely favoring the aussie – MUFG

nguyentrongthang2468 Apr 27, 2021

old’s four-hourly chart shows that a bull-bear tug-of-war persists, as the price remains trapped between two key averages. The XAU bulls struggle to find acceptance above the 21-simple moving average (SMA) at $1782 while the downside remains cushioned by the upward-sloping 50-SMA at $1778. The range is getting tighter, implying that a breakout in either...

nguyentrongthang2468 Apr 23, 2021

From a technical perspective, the pair's inability to find acceptance above the 50% Fibonacci level of the 1.2345-1.1704 downfall and repeated failure near the 100-day SMA warrant some caution for bullish traders. That said, resilience below the 1.2000 mark makes it prudent to wait for some strong follow-through selling before positioning for any further...

nguyentrongthang2468 Apr 23, 2021

XRP was trading at $1.07036 by 22:05 (02:05 GMT) down 18.30% on the day. It was the largest one-day percentage loss since February 1. The move downwards pushed XRP's market cap down to $48.56447B, or 2.65% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B. XRP had traded in a range of $1.01032 to $1.19593 in the previous...

nguyentrongthang2468 Apr 16, 2021

XRP is yet to decide its next move. In this regard, sideways trading might prevail in the mid-term. Hence, the area of $1.75-$1.85 is a magnet for buyers in the short-term. XRP is trading at $1.71 at press time.

nguyentrongthang2468 Apr 16, 2021

The EUR/USD pair retains its bullish stance and is still poised to challenge the 1.2000 level. The 4-hour chart shows that the pair holds above a bullish 20 SMA, providing support at around 1.1950. The longer moving averages lack directional strength well below the shorter one, while technical indicators have lost their bullish strength, but hold within positive...

nguyentrongthang2468 Apr 15, 2021

The four-hour chart is showing that EUR/USD is in an uptrend since late March, but it faces issues at the triple-top of 1.1990. The Relative Strength Index is at around 70 – flirting with overbought conditions. That hints a downside correction is coming. Euro/dollar has support at 1.1950, a swing high from March, followed by 1.1925 and 1.1860, which defined the...

nguyentrongthang2468 Apr 9, 2021

Gold (XAU/USD) is retreating from five-week highs, as the US dollar finds its feet amid a downbeat market mood. Growing concerns over the covid surge and vaccine side-effects dent the risk sentiment, lifting the haven demand for the greenback. Stronger US jobs data also continue to buoy the dollar. Meanwhile, the US Treasury yields are stabilizing after a dovish...

nguyentrongthang2468 Apr 9, 2021

The EUR/USD pair trades near the mentioned daily high, with chances of extending its advance. The 4-hour chart shows that the price struggles around a mildly bearish 200 SMA, while it remains above a firmly bullish 20 SMA that has crossed above the 100 SMA. Technical indicators lack directional strength, but the Momentum remains well above its midline while the...

nguyentrongthang2468 Apr 7, 2021

XAU/USD bulls turn cautious ahead of FOMC minutes A combination of factors prompted some selling around gold on Wednesday. An uptick in the US bond yields underpinned the USD and exerted some pressure. Wednesday’s key focus will remain on the release of the FOMC meeting minutes.

nguyentrongthang2468 Mar 31, 2021

Gold will recover 1720 zone

nguyentrongthang2468 Mar 30, 2021

Gold is falling towards the $1700 level as rising Treasury yields continue to dim the appeal of the yellow metal. Strategists at OCBC Bank continue to stay short gold as a tactical strategy.

nguyentrongthang2468 Mar 19, 2021

24-hour view: “Our expectation for EUR to ‘continue to advance’ was incorrect as it fell sharply from 1.1988 (low of 1.1905 during NY hours). While downward momentum has not improved by much, the decline in EUR could dip below 1.1900 first before stabilizing. The next support at 1.1880 is unlikely to come under threat. Resistance is at 1.1940 followed by 1.1960.”

nguyentrongthang2468 Mar 10, 2021

Any meaningful rally above the $ 1700 mark could currently face some resistance near the overnight swing highs around the $ 1714 zone. Next is the supply zone of $ 1722-23, which if cleared decisively, could push gold prices higher due to short-covering actions. The commodity can then climb back to $ 1738-40 before finally aiming to challenge the breakout of the...

nguyentrongthang2468 Mar 10, 2021

The EUR/USD forex market on the daily chart formed a 2nd consecutive big bear bar closing below the Feb. 5 bottom of a 3-month trading range. This is now a confirmed breakout, which makes a measured move down to the Nov. 4 low likely.Can the EUR/USD continue the reversal back down to the low of the session? After such a strong rally in an extreme sell climax on...

nguyentrongthang2468 Feb 11, 2021

The EUR/USD forex market on the daily chart has been rallying for 5 days from a failed breakout below a 2-month trading range. Traders expect at least a couple legs up to the Jan. 22 high. Therefore, the bulls will buy the 1st 1- to 3-day pullback.