


EUR/USD is finding support at the start of the week, holding above 1.1300 in European trading. A weaker US Dollar, fueled by renewed trade worries and pre-Fed positioning, is boosting the pair ahead of the US ISM Services PMI release.
USD/JPY's next hurdle is 142.60-142.65. A break above could trigger short-covering, pushing the pair to 143.00, then 143.40-143.45. Sustained buying above 144.00 would confirm a near-term bottom and open the door for a significant rally.
Therefore, if the 21-day SMA holds in the event of a weak US Non-Farm Payroll (NFP) report, a rebound toward the immediate static support-turned-resistance at 3260 could occur. A sustained move above that level would encourage Gold buyers to push further toward the former channel support, now acting as resistance, at 3405.
🔷 BUY XAUUSD: 3298/3300 (swing) - Stoploss: 3293 - Target: 3310 / 3320 / 3330 / 3350 *Signals are for reference only, not recommended to be followed!* Analysis: XAU/USD has a neutral-to-bullish near-term outlook. On the 4-hour chart, it's struggling with a flat 20 SMA, while the 100 and 200 SMAs are risin. Indicators are improving but still weak and in...
EUR/USD's near-term outlook is neutral. The pair oscillates below a flat 20 SMA, while longer-term (100/200) SMAs maintain upward slopes. Momentum is flat around 100, and the RSI is only slightly higher near 45, suggesting limited upward potential.
USD/JPY is rebounding towards 142.50 in Tuesday's Asian session. Improved risk sentiment weakens the safe-haven Yen and supports the US Dollar. However, a Japanese holiday is limiting further upside.
The Japanese Yen (JPY) oscillates in a narrow trading band at the start of a new week and remains close to a two-week trough touched against its American counterpart on Friday. Mixed signals from the US and China temper hopes for a quick resolution of the trade conflict between the world's two largest economies, which, in turn, offers support to the safe-haven...
Gold gave up Thursday’s gains and fell back toward the 3260 per troy ounce level by the end of the week, as improving market sentiment — driven by hopes for positive progress in the US-China trade dispute — weighed on safe-haven demand. The overheated gold rally appears to be due for further cooling. Traders seem to be buying into rumors that a trade agreement...
The Relative Strength Index (RSI) indicator on the 4-hour chart stays below 50 and EUR/USD failed to make a 4-hour close above the 20-period and 50-period Simple Moving Averages (SMA), reflecting a lack of buyer interest. On the downside, 1.1300 (static level) aligns as interim support before 1.1270-1.1260 (Fibonacci 238.2% retracement of the latest uptrend,...
The Relative Strength Index (RSI) indicator on the 4-hour chart rose above 70, reflecting overbought conditions for EUR/USD. On the downside, 1.1500 (mid-point of the ascending channel) aligns as first support before 1.1450 (static level) and 1.1400 (20-period Simple Moving Average). Looking north, first resistance could be spotted at 1.1600 (static level, round...
EURUSD is taking a breather, but bulls are still in charge. The 2-hour chart shows price well above key moving averages, keeping the uptrend alive. Momentum has cooled slightly, yet indicators stay near highs—no real signs of weakness. Dips toward 1.1500 are likely to draw buyers back in.
From a technical perspective, the daily Relative Strength Index (RSI) is already flashing slightly oversold conditions and warrants some caution for bearish traders. Hence, it will be prudent to wait for some near-term consolidation or a modest bounce before positioning for an extension of the USD/JPY pair's well-established downtrend witnessed over the past three...
Gold Price Soars Amid Geopolitical Tensions – Is There a Correction Coming? As political tensions, especially the ongoing trade issues between the US and China, continue. Showing Gold’s Safe Haven Status in These Uncertain Times. - What’s Driving This Rise? With investors always looking for safety and minimal risk, recent news surrounding new tariff threats and...
EUR/USD remains above 1.0400 in European trading on Monday, supported by Europe’s renewed peace efforts in Ukraine and positive Chinese PMI data, which bolster risk sentiment. This situation puts pressure on the US Dollar as the pair awaits EU inflation data.
GBP/USD is holding minor support near 1.2600 during the European session on Monday, boosted by a retreat in the US Dollar amid improved risk appetite and a possible truce in Ukraine. However, gains are limited by upcoming US tariffs and geopolitical concerns.
BUY: 2832-34, SL 2828, TP 2850 SELL: 2890-92, SL 2896, TP 2835 Pivot at 2888 blocks, R1 2909 adds pressure. No recovery to 2941 this Friday. Thoughts?
📈 BUY_GOLD: 2933/2935 Stoploss: 2930 / Target: 2955 📉 SELL_GOLD: 2957/2959 Stoploss: 2962 / Target: 2947 Analysis: Gold has found support at the 50-4H SMA (2920) multiple times and needs a sustained move above the 21-4H SMA (2935) to extend its rally. The RSI, near 60, suggests further upside potential. A decisive break above 2935 could lead to a retest of the...
Furthermore, any significant retracement could find immediate support near the 149.50 level, which is followed closely by the 149.00 round number. A break below the latter might expose the USD/JPY pair to a retest of the 148.50 region, a level seen as the next strong support. Sustained weakness below this area could pave the way for a deeper corrective decline,...