Gbpusd buy fulling up the opportunity Gbpusd average This is generally a reversal pattern so we can expect the sellers to sell any rally now as they target a breakout below the support The price got a bit overstretched yesterday as depicted by the distance from the blue moving average In such instances we can generally see a pullback into the moving average or some consolidation before the next move
Forexsignal
GBPUSD buy opportunity just wait for flying soon Gbpusd possible resistance zone around the level where we can also find the confluence with the red moving average This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the support The buyers on the other hand, will want to see the price breaking higher to start targeting the trendline around the level
EUR/USD Dynamics Following March's NFP ReportAs the EUR/USD opens Monday's session with an initial pushdown to 1.08280, the forex market reflects on the recent Nonfarm Payrolls (NFP) report. With the economy adding a robust 303,000 jobs in March, surpassing expectations, investors are recalibrating their forecasts regarding the Federal Reserve's (Fed) interest rate policy. This unexpected surge in job creation has tempered speculations of an imminent interest rate cut by the Fed in June and has revised down the total number of anticipated rate cuts for 2024 to two. Consequently, US Treasury bond yields remain elevated, bolstering the USD and exerting downward pressure on the EUR/USD pair.
Amidst these developments, a potential short continuation for the EUR/USD emerges as a plausible scenario. The pair remains below the 61.8% Fibonacci level, and the Relative Strength Index (RSI) indicates bearish momentum following Friday's divergence and subsequent pushdown post-NFP, with the RSI currently hovering around 55, signaling a potential decline.
However, despite the strengthening USD, a generally positive sentiment pervades global equity markets, buoyed by easing geopolitical tensions in the Middle East. This optimism may dampen demand for the safe-haven Greenback. Additionally, traders may adopt a cautious stance ahead of pivotal releases from the US this week, including the latest consumer inflation figures and the crucial Federal Open Market Committee (FOMC) meeting minutes scheduled for Wednesday. These data points, alongside the European Central Bank (ECB) meeting on Thursday, are poised to offer significant insights into the future trajectory of the EUR/USD pair.
In summary, while the EUR/USD faces downward pressure driven by strong US economic indicators, the interplay of global market sentiment and upcoming data releases could introduce volatility and potentially alter the currency pair's direction. Traders are advised to closely monitor key economic events and market sentiment indicators to navigate the evolving dynamics of the EUR/USD exchange rate effectively.
EUR/USD: Analyzing the Impact of US Nonfarm PayrollsThe recent release of the US Nonfarm Payrolls report for March has sparked significant movements in the EUR/USD currency pair, with implications for traders and investors worldwide. This article provides a comprehensive analysis of the key factors driving these fluctuations and offers insights into potential future trends in the forex market.
US Nonfarm Payrolls Report:
The US Bureau of Labor Statistics (BLS) stunned markets with its March Nonfarm Payrolls data, which surpassed both estimates and previous readings. With an impressive addition of 303K jobs, the report painted a robust picture of the US employment landscape. Moreover, the decline in the Unemployment Rate to 3.8% further bolstered confidence in the US economy, accompanied by Average Hourly Earnings that met consensus expectations.
Eurozone Economic Indicators:
In contrast to the strong performance of the US economy, the Eurozone's economic indicators presented a mixed picture. Reports such as Germany's Factory Orders and Retail Sales failed to match the vigor seen in the US labor market. This discrepancy between the two economic powerhouses has exerted downward pressure on the EUR/USD exchange rate.
From a technical standpoint, the EUR/USD pair faced significant downward momentum following the release of the US Nonfarm Payrolls report. The pair quickly approached the 1.0800 support level, with further downside potential towards 1.07600. Despite a temporary rebound to 1.08360, the overall outlook suggests a bearish continuation, pending confirmation from upcoming trading sessions.
Traders are closely monitoring upcoming economic data releases, particularly US inflation figures and consumer sentiment data. Additionally, the European Central Bank's (ECB) monetary policy meeting will be a pivotal event, shaping market sentiment towards the euro. While some uncertainty lingers, indications point towards a potential bearish trajectory for the EUR/USD pair in the near term.
The US Nonfarm Payrolls report for March has triggered significant movements in the EUR/USD exchange rate, highlighting the contrasting economic landscapes between the US and Eurozone. Technical analysis suggests a bearish bias for the pair, with potential downside targets below the 1.0800 support level. Traders are advised to remain vigilant and await confirmation before initiating new positions, particularly in light of upcoming economic events and central bank decisions.
✅ Our previous Winning Idea:
NZD/USD Dynamics Ahead of RBNZ Meeting and US CPI ReleaseAs the NZD/USD pair hovers around 0.6042, traders are closely monitoring its price action amid a backdrop of technical indicators and impending fundamental events. Recent movements suggest a potential continuation of the bearish trend, characterized by a convergence of factors including Fibonacci levels, RSI divergence, and a looming RBNZ meeting.
The NZD/USD pair has shown signs of recovery in the past day, yet remains entrenched within a bearish trend. A notable divergence in the RSI on the H4 timeframe, in conjunction with the 38.2% Fibonacci level, indicates potential weakness in the pair's upward momentum. Additionally, the presence of a bearish order block, denoted by a red rectangle, suggests a possible local double top scenario, reinforcing the bearish sentiment.
Attention turns to the Reserve Bank of New Zealand (RBNZ) monetary policy meeting scheduled for Wednesday. Market expectations lean towards the RBNZ maintaining its cash rates at 5.5% for the sixth consecutive meeting, with emphasis placed on the need to sustain restrictive policies to combat inflation. The RBNZ's cautious stance, particularly in light of concerns surrounding record immigration, is likely to impact the NZD/USD pair's trajectory.
Furthermore, the NZD/USD pair's recent gains coincide with improved risk appetite ahead of the release of Consumer Price Index (CPI) data from the United States (US). Forecasts anticipate an uptick in headline CPI for March, while the core measure is expected to moderate. However, the US Dollar (USD) is striving to regain lost ground amidst prevailing market volatility, posing potential headwinds for the NZD/USD pair.
In light of these factors, traders may consider adopting a cautious approach towards the NZD/USD pair. Monitoring key technical levels, such as the aforementioned Fibonacci retracement and RSI divergence, can provide valuable insights into potential price movements. Additionally, remaining attuned to developments surrounding the RBNZ meeting and US CPI release is essential for informed decision-making.
Given the overall bearish bias, traders may explore short-selling opportunities, particularly following a local retest of key resistance levels. However, prudent risk management practices should be adhered to, with stop-loss orders placed to mitigate potential losses in the event of adverse price movements.
Xauusd sell opportunity’s Xauusd big fall of cpi XAUUSD Strong Report A surprisingly strong jobs report could signal a resilient economy, leading the US central bank to hold off on plans to ease interest rates imminently This scenario should be down for the US dollar but is likely to put downward pressure on precious metals like gold and silver
EURUSD Is Ready to Go UP🚀🔨 EURUSD is breaking the 🔴 Resistance zone($1.0848-$1.0840) 🔴.
🌊According to the theory of Elliott waves , EURUSD seems to have completed the corrective waves and is now ready for the next five impulsive waves .
🔔I expect EURUSD to go UP at least the 🟣 Yearly Pivot Point 🟣 after breaking the Resistance line and ⚔️ Attacking ⚔️ the upper Resistance lines again.
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold continues to increase, waiting to buy at the present timeWorld gold prices increased slightly with spot gold increasing by 5.7 USD to 2,337.4 USD/ounce. Gold futures last traded at 2,358.4 USD/ounce, up 13 USD compared to yesterday morning.
World yellow metal prices continued to conquer new records at the beginning of the week, boosted by central bank purchasing activities in Asia. Previously, spot gold price hit a new record of 2,372.5 USD/ounce.
A recently published report shows that the Central Bank of China added 160,000 ounces of gold to its reserves in March. Türkiye, India, Kazakhstan and some Eastern European countries also bought gold during the year. now.
Although the market is expecting the US Federal Reserve (Fed) to loosen monetary policy in June, according to TD Securities commodity strategist Bart Melek, if the upcoming data continues shows that the US economy is still strong, which may cause the Fed to not rush to cut interest rates. In that context, gold will not be able to maintain its increase. Central bank purchases and geopolitical tensions are other supportive factors for the precious metal.
According to CME Group data, traders are pricing in a 52% chance that the Fed will reduce the federal funds rate by a quarter point in June. However, the latest report shows that the US job market remains strong strongly has raised doubts about the Fed's ability to pivot policy.
Gbpusd continue bearish trend go with sell read the caption No change in GBP/USD’s outlook and intraday bias stays neutral. On the downside, decisive break of 1.2517/31 support zone will suggest that rise from 1.2032has completed at 1.2891already, and turn near term outlook bearish. On the upside, however, firm break of 1.2672 will suggest that fall from 1.2892 has completed at 1.2537 Intraday bias will be turned back to the upside for 1.2802 resistance next.
Xauusd buy opportunity long term bullish gold Gold should remain supported as we head into the easing cycle but a more hawkish Fed could weigh on it in the short term In fact we can say that the
gold support leve 2320 zone bullish area target is 2370-2380
will likely decide its fate as strong data should trigger a hawkish repricing in the markets and weigh on theprice in the short terms while
XAUUSD BUY opportunity long time bullish Gold has been rallying non stop lately for no clear reason as the name usual inverse correlation with real yields broke down There are talks of heavy central bank buying with China being at the forefront as it might be looking to de risk from US Treasury bonds In the big
Audusd will cross all time high read the caption The US dollar eased slightly after the US published strong jobs numbers on Friday. According to the Bureau of Labor Statistics (BLS), the economy created over 303k jobs in March, higher than last month’s 270k. The figure was higher than the median estimate of 212k.
Additional data revealed that the unemployment rate retreated from 3.9% to 3.8% while the participation rate rose from 62.5% to 62.7%. The two figures were higher than the median estimate of 3.9% and 62.5% Wages also continued growing at a faster pace than EXPECTED
Gold long signalGold gathered bullish momentum and climbed to a new all-time high above $2,320 on Friday. Although the upbeat March jobs report from the US helps the USD find demand, XAU/USD continues to benefit from escalating geopolitical tensions.
Gold price (XAU/USD) drifts lower for the second straight day on Friday and maintains its offered tone through the early part of the European session. The US Dollar (USD) builds on the overnight recovery from a nearly two-week low and remains well supported by hawkish comments from Federal Reserve (Fed) officials, which, in turn, undermines the commodity. Apart from this, the downfall could further be attributed to some repositioning trade ahead of the release of the US monthly employment details.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2330
TP1 2350
TP2 2370
TP3 2400
SL 2300
Analyzing EUR/USD: Reversal Signals and US Data ImpactThe EUR/USD pair surged with bullish momentum during Wednesday's session, propelled by a robust bullish impulse. However, the price has now entered a potential reversal zone, characterized by a Double top formation on the H1 timeframe. Additionally, on the H4 chart, the price has reached the 61.8% Fibonacci level, accompanied by overbought conditions and divergence in the RSI indicator. Traders may consider mitigating their positions with a reversal to the Point of Control (POC) volume value, or alternatively, opt to sell their positions.
The downtick in the ISM Services Purchasing Managers' Index (PMI) data from the US instigated a selloff in the US Dollar (USD) during Wednesday's American session. The PMI headline figure declined to 51.4 from 52.6, indicating a slowdown in the growth of activity within the service sector. Moreover, the Prices Paid Index fell to 53.4 from 58.6, signaling a softening in input inflation within the sector.
Despite these developments, Federal Reserve (Fed) Chairman Jerome Powell reiterated that the central bank is not hastening to lower the policy rate. Powell emphasized the importance of letting incoming data guide their policy decisions, indicating a patient approach.
The upcoming release of the Nonfarm Payrolls data by the US Bureau of Labor Statistics on Friday adds further uncertainty to the market. As traders await this crucial jobs report, market participants may adopt a cautious stance, potentially influencing trading activity.
In light of these factors, we anticipate a reversal in the EUR/USD pair, with market sentiment likely to shift amidst the release of key economic data.
Nonfarm prediction April 5, 2024Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally.
Gold is still in an overbought state so there may be more downward momentum in the near future.
Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but Nonfarm is predicted to decrease compared to the previous period and Nonfarm prediction ability decreases. is extremely high when unemployment claims are at a high level and because of this, the Fed is also highly likely to reduce interest rates to attract more jobs.
Trading strategy before Nonfarm news on April 5World gold prices fluctuated slightly with spot gold down 9 USD to 2,290.7 USD/ounce. Gold futures last traded at 2,310.5 USD/ounce, down 10 USD compared to yesterday morning.
World yellow metal prices stabilized on April 4 (US time) after previously conquering an all-time high of over 2,300 USD/ounce thanks to expectations that the US Federal Reserve (Fed) will conduct further easing. loose monetary policy this year.
According to TD Securities commodity strategist Bart Melek, market expectations increased after the Fed Chairman's recent speech. Accordingly, Mr. Jerome Powell agreed that lower policy rates would be appropriate “at some point this year.” He and other Fed officials also emphasized that more economic data is needed before making a decision to loosen monetary policy, a move that financial markets expect will take place in September. 6.
According to market analyst Carlo Alberto De Casa of Kinesis Money, strong demand from Asian markets, especially from China and solid demand from central banks, geopolitical risks and expectations surrounding interest rate cuts by central banks are factors that have fueled the rise of gold in recent times.
Strong central bank buying and solid safe-haven capital flows amid growing geopolitical tensions have boosted demand for gold, up more than 25% since October.
XAUUSD opportunity one side going down and up XAUUSD BUY opportunity 2360 Conversely should bulls reclaim firm command of the market, resistance awaits at as previously noted In case of a breakout prices would enter uncharted territory making it challenging to pinpoint potential resistance levels However a notable area of interest may lie at corresponding to an ascending trendline
XAUUSD SELL opportunity 2200
Btcusd sell opportunity long term falling short and more fall Btcusd falls into The other important reason is that the US government may auction thousands of Bitcoins which it recovered following the collapse of Silk Road. The wallet holding these coins which are worth over $2 billion completed several transactions this week As a result this liquidation could lead to more Bitcoin supply which could affect its prices