FX:XAUUSD is consolidating between 2588 - 2562. But, buyers are not yet out of the game in the hope of continued growth. Then everything depends on the Fed. Welcome to the casino :) At 18:30 the FOMC & FED will meet to decide whether to cut rates. 0.25% or 0.5%. A 0.5% Fed rate cut could send a mixed signal about the state of the US economy: the Fed's...
FX:XAUUSD continues to renew its high without any strong pullbacks. Buyers continue to behave quite aggressively before strong news. But everywhere there are risks and BUT!!! There is a lot of news ahead before the important Fed meeting on interest rates, where they are likely to be cut. The question of “by how much” remains open, as weaker data (25 basis...
FX:NZDUSD is set to go higher. The price is breaking the local resistance within the uptrend. There is an important event ahead, which can affect the price quite strongly... On D1 the market is hinting at bullish prospects, a retest of the global resistance is forming, which divides the market into 2 parts... Traders are waiting for the FOMC and FED...
BINANCE:OPUSDT cannot get out of the bears' clutches. The market continues to form its movement under the pressure of the downtrend. There are important events ahead that could shake up the trading community.... Bitcoin, as well as the rest of the cryptocurrency market continues to decline. Cryptocurrencies are not reacting to Trump's speech in any way, but...
BINANCE:BTCUSDT is strengthening after a false breakdown of the 54.5K - 55K support. Fundamentally and technically, there is no buyer motivation. Traders have moved into the waiting or selling phase... Now BTC is accumulated mainly by wallets with balance < 1BTC... Larger wallets are not doing much. Also, judging by the statistics of various services it can...
FX:AUDUSD is breaking the bullish market structure amid the counter-trend dollar correction related to fundamentals. The currency pair is bumping into a strong liquidity area... It will be difficult to pass the zone 0.6695 from the first time, because below this area there is a zone of high density of limit orders. Accordingly, as a reaction we see a false...
FX:EURCAD exited from the accumulation of the “descending triangle” format, which is a favorable signal for the continuation of the trend. A promising bullish structure is forming on W1. Euro, despite the ECB interest rate cuts, is growing and the growth is mostly related to the dollar, which is falling after Friday's news of PPI and Initial Jobless...
FX:XAUUSD is testing 2500 on the background of CPI data. Bulls actively continue to hold a strong support zone. An ascending triangle is being formed, the target of which is to break the resistance and rise. After the release of CPI data in the US, the focus shifts to PPI and jobless claims data, which will give a new impetus to trading. The CPI data has...
BINANCE:ETHUSD is forming a counter-trend bounce and is aiming for strong resistance amid a bearish trend. The project is going through a rough patch, fumbling for a market bottom... ETH faces troubles:: WisdomTree has requested the withdrawal of its ETH (Ethereum Trust) fund registration application three years after filing with the SEC. Earlier, VanEck...
FX:GBPUSD is moving into a flat phase, possibly into counter-trend correction on the background of locally changed sentiment, formed by the fundamental background of Thursday / Friday, the dollar is growing on this background. The currency pair is forming a bull market wave on D1-W1. On D1, a clear transition from bear market to bull market is formed, which...
FX:GBPJPY is unable to continue the uptrend. The price is breaking the price channel support, and the parabolic curvature can be interpreted as a set of short positions. The Japanese Yen continues to strengthen. GBP is forming a small correction since the Open of the session, and the Japnese national currency is accelerating northward. The parabolic...
FX:EURUSD is returning to a bullish plane relative to the ascending channel. Focus is on the 1.1100 obfuscation and the upcoming NFP data to be released later on Friday. Price is testing the global resistance level at 1.1125. Before the news, a struggle for the key zone may form or a pullback may be formed. The favorable NFP, which the markets are waiting...
BINANCE:BNXUSDT continues to correct and is heading towards global bullish trend support.Against the overall backdrop, the coin looks promising as one of the few continues to hold an uptrend.... Locally, BNX is testing the key liquidity area, a rebound to 1.300 may follow, but depending on the situation, there are various patterns indicating selling...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it at once fell to support line, breaking $2385 level. Soon, price rose higher than $2385 level, breaking it again, and then rose to resistance line of channel, and made a fake breakout. Next, price declined to...
FX:XAUUSD is testing 2530 and risks a new high as each new retest increases the chances of a resistance breakout. Ahead of CPI, inflation data could set the medium-term tone for markets... Traders are waiting for US inflation data that could confirm the size of the Fed's interest rate cut next week. An uptick in CPI figures could trigger a rise in the...
FX:XAUUSD like the TVC:DXY is going up, only the currency has a reason, and gold forms this movement based on manipulation. The price is at a strong resistance and a double top, which forms the prerequisites for a decline towards 2490-2475. The dollar is strengthening on the background of a weak report on the U.S. labor market, as well as due to the Asian...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded between $1.1120 level, which coincided with resistance area and later made upward impulse. After this, EUR started to decline inside falling channel, where it fell lower $1.1120 level, breaking it. Next, price exited from channel and started...
FX:XAUUSD is shedding downward on the background of unexpected NFP, which was published on Friday. The dollar is rising, which is generally negative for the metal. But, globally, gold is still strongly bullish.... The first half of the week should be extremely quiet, as important news will not start to arrive until Wednesday. Traders are waiting for CPI,...