Today, USD/JPY is holding steady around 145.00, and when I look at the daily chart, I see that the pair has broken the neckline at 144.50, which is a clear sign that the uptrend is gradually returning. This opens up the prospect of stronger growth in the near future. According to my analysis, as long as USD/JPY holds above 144.70 (with important support at...
During the European session on Thursday, EUR/USD traded more steadily near 1.1150, supported by a fresh sell-off in the US dollar. Risk sentiment is weighing on the safe-haven greenback as all eyes turn to upcoming key speeches from ECB President Lagarde and Fed Chairman Powell. Looking ahead, I expect EUR/USD to remain bullish as long as the price remains above...
Hello everyone, let’s join in analyzing today’s gold prices! XAUUSD is continuing its strong uptrend, currently trading around $2,659. In the short term, the bullish momentum is clear, with the trendline, EMAs, and other technical factors all supporting buyers despite previous pressure. However, with the profit-taking resistance still intact at $2,670, buyers...
Conan says hello to everyone! Today, we are seeing the GBP/USD pair struggling around 1.3400 in the European session on Wednesday, as it reversed from a 30-month high of 1.3430. It seems that many traders are taking profits from long positions in the British Pound, putting pressure on the pair, despite the weakening US Dollar and the market still in a risk-on...
Hello everyone, Today, the price of gold (XAUUSD) continues to hold steady around the highs, with the resistance level of $2,670 on the 4-hour chart still intact. Currently, gold is hovering around $2,653, down slightly by 0.14% on the day. On the technical chart, it is worth noting that the resistance at $2,670 may be under pressure from profit-taking after...
Today, I see EUR/USD breaking out of the bearish sentiment and rebounding to its recent high on Tuesday, but failing again at 1.1200. There really isn’t much support for the Euro to push higher. However, the broader USD weakness has helped keep EUR/USD high, which keeps me on the lookout for further upside in the pair. Based on the technical indicators EMA 34,...
Hello dear friends! So it looks like our previous bullish expectations have materialized as it consolidates above the 1.3267 range. The outlook suggests that bullish momentum is building, albeit tentatively. Today, as long as GBP remains above 1.3267 (with minor support at 1.3250), it could strengthen and a take profit at 1.3450 is expected to be targeted in the...
Hello all traders. Conan here! Today, the EU is on track to continue its correction, falling below 1.1000 as the Euro uptrend quickly evaporated earlier. Currently, the EU is hovering around 1.111 and has not been too volatile recently. Technically, there is a harmonic candlestick pattern that has formed, if the resistance zone is held by the Bears, it will...
Hello everyone, What do you think about gold prices? Currently, gold prices today continue to show strength as gold is trading around $2629. It is clear that the metal is still showing strength based on the breakout last week. The reason for the increase in the metal is that the looser-than-expected monetary policy of economists and the forecast of further cuts...
Conan, hello everyone! Currently, we are continuing to see a steady rise in GBP, having reached 1.3317 and the bullish momentum is expected to continue soon. On the price chart, an ascending trend line has formed along with the support of the 34 and 89 EMAs, indicating the potential for GBP to continue rising without any significant reversals. The immediate...
Conan, hello everyone! Today, gold prices continue to show strength, maintaining an UPtrend with an important resistance level at $2636, but have not been able to break it yet. Currently, gold is trading around $2629, up slightly by 0.03% on the day. In the coming time, this uptrend is likely to continue, supported by the Fed's decision to cut interest rates and...
Conan, hello everyone! Gold (XAU/USD) maintained its bullish momentum and traded at a fresh record high above $2,610 on Friday. Rising expectations that global central banks will follow the Fed in easing policy and cutting interest rates have boosted XAU/USD. However, a close look at the short-term chart shows that the yellow metal is struggling to capitalize on...
Conan is happy to see you all again. Currently, there are signs that the EURUSD market is bullish, with the level trading around 1.1160. Looking at our 4-hour chart, we can see that the EU has broken through the downtrend line and started to rise from 1.1068. If the price holds 1.1175, the next forecast is likely to be a drop to around 1.1130 in line with the...
Hello everyone! Today, let's follow the latest developments of the EUR/USD pair! Currently, EUR/USD is still maintaining an upward trend, holding below 1.1078. Despite a slight correction on Monday from 1.1200, there is nothing to worry about. Because in the short to medium term, the market sentiment remains very optimistic amid a weakening US dollar around the...
Conan, hello everyone! After a long period of decline, USDJPY has ended the trading day with a gain, currently trading at 143.85. It can be seen on almost all timeframes that UJ is making significant gains, indicating a very positive outlook for price growth. With UJ continuing to trade steadily at this high level, it is likely that the 142.80 price level will be...