SMCI is intimate with NVDA and the couple are doing quite well. I got some more at $750 and 2 days ago. Predictive Modeling is suggesting a $1000 price by Tuesday afternoon. That would be a 33% return in less than a week. The chart shows the bull flag after the reversal out of the down trend where I bought upon the mass index signaling. The AI indicator...
GBPUSD is currently in a phase of recovery on the 4-hour chart, bouncing back from its previous decline at 1.2109. The current price stands at 1,220. It is worth noting that there is a possibility of GBP's strong recovery extending to around 1.2250 before stabilizing. However, it is unlikely that the next level of resistance at 1.2300 will be challenged. Despite...
Hello dear readers, let's explore the EURUSD market in the new week's trading session! Currently, this currency pair is still maintaining a downward trend, currently at 1.0563. It is attempting to find a strong upward direction for itself. However, it is being hindered by the prospects of further tightening from the Federal Reserve which has boosted US Treasury...
The USDJPY is currently trading at its highest level in several months, reaching 149,598 USD. This currency pair continues to exhibit strong upward movement within the uptrend channel. Looking ahead to the next 1-3 weeks, our most recent report was issued last Thursday (September 28), when the spot rate stood at 149.45. The report noted that if the USD remained...
In late September, the global price of gold dropped to over 1,866 USD per ounce, marking a decrease of almost 100 USD or a loss of more than 5% in just one month. This decline stands as the second largest monthly drop witnessed this year. The primary reason for this may be attributed to the current monetary policy implemented by the US Federal Reserve (Fed),...
Hello everyone! The current trend for gold prices is downward, as it has slipped below the important psychological support level of $1,900 per ounce in the early morning trading session. It is currently trading at $1,874 per ounce. Additionally, the hawkish stance of the Federal Reserve continues to push up bond yields and the US dollar, suppressing the upward...
Hello everyone! The price of gold at the beginning of the week is still declining and is currently trading at $1843 per ounce, a decrease of $5.2 compared to the previous session. This decline can be attributed to negative market influences, such as the continuous rise in the US dollar index, which has now surpassed 106 points. Additionally, the yield on US bonds...
Hello everyone! The downtrend of GBPUSD is still ongoing, as the pair was unable to surpass the support level of 1.2110 USD/ounce. Currently, it has seen a slight increase and is now trading at 1.2193 USD/ounce despite the strengthening Dollar. It can be assumed that these positions have been closed. Similar to EUR/USD, the vulnerability of the GBP/USD pair...
As widely expected in the market, the Federal Reserve (Fed) chose to maintain interest rates in the 5.25-5.50% range during its meeting on Wednesday. This decision creates an opportunity for USD JPY to continue to shine. However, Fed Chairman Jerome Powell, in a subsequent press conference, reiterated the Fed's commitment to achieving its 2% inflation target....
Greetings to all my friends! The USDJPY pair is maintaining its strong position and has reached a trading threshold of approximately 149.37. However, it is currently experiencing a slight decline, trading at 139.30. This can be attributed to the US Dollar Index (DXY) reaching a 10-month high of around 106.20, thanks to the Federal Reserve tightening monetary...
Hello dear traders! What do you think about EUR/USD. Today, EURUSD continues to maintain its decline below 1,070. And has now turned sideways, currently trading at 1.0645. If the Euro breaks above 1.0670, it is likely that the pair will continue to rise and touch 1.0700.
Hello traders, what do you think about EURUSD? Currently, the EURUSD market continues to maintain a downtrend but has gradually turned to a sideways trend and reached a trading level at 1.0645 during the European trading session on Monday. Data from Germany and the euro zone showed private sector business activity contracted at a softer pace in early August than...
Hello traders, what do you think about EURUSD? The pair is currently at 1.058. The pair remains weakened by the ongoing uptrend in the US Dollar along with US Treasury yields based on the Fed's higher long-term interest rate stance. EUR/USD fell below 1.0600 for the first time in months, breaking key support at 1.0630. With prices below that level, further losses...
Greetings, beloved acquaintances. There have been minimal alterations in the European Union (EU) today, as the pair continues to adhere to a downward trend. This can be attributed to the Federal Reserve's (Fed) hawkish stance and indications that the European Central Bank (ECB) may abstain from implementing any future interest rate hikes. Presently, the major...
Hello everyone! The price of gold continues to decline, currently trading at a low of $1900. Gold prices have decreased and are not finding support at $1905. It would not be surprising if gold continues to test lower levels with the possibility of rising from a new support level. $1890 is a significant number with strong support and the potential for a price...
The British Pound (GBP) maintained its downward trajectory today, influenced by the UK's economic deceleration and the surging yields of US Treasury bonds. These factors have bolstered the strength of the US Dollar (USD) and consequently caused further depreciation in GBP/USD exchange rates. Anticipated additional declines are expected for this currency pair due...
The current price of gold in the international market is hovering around $1,897.9 per ounce, which is a decrease of $3 per ounce compared to this morning. The recent monetary policy meeting of the Federal Reserve (Fed) indicates that their stance will continue to be a catalyst for pushing bond yields and the US dollar higher, putting significant pressure on...
Hello dear traders, what do you think about Gold? Looking at the technical picture on the 4-hour timeframe, we can see that Gold is in an uptrend but it has broken the support zone. In the short term it is expected to increase after it was revised down to 1910 USD, and then increased to the specified level.