DAY_PROFITS

DAY_PROFITS

In the early European morning, GBP/USD experiences a surge of bullish momentum, propelling it towards the mid-1.2400s. However, the pair encounters significant resistance at the 1.2440 level, which could serve as a springboard for further upward movement once it is confirmed as support. Despite GBP/USD dipping below 1.2400 for the third consecutive day on...

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EUR/USD exhibits signs of recovery as it gains momentum and surpasses the 1.0700 level following an earlier drop below 1.0670. With no significant data releases in sight, the prevailing positive sentiment in the market poses challenges for the US Dollar to strengthen, thereby assisting the pair's upward movement. However, caution is warranted as the price...

DAY_PROFITS

Yesterday, the GBP/USD currency pair experienced a pullback at the 50% Fibonacci level, marking the beginning of a new bearish trend. As the downtrend unfolds, the next potential target for the GBP lies around the support area of 1.23400. On the fundamental front, the GBP/USD pair encountered renewed bearish pressure during the European morning, causing it to...

DAY_PROFITS

In the recent hours, there has been a noteworthy development in the EUR/USD currency pair as it moves closer to a fresh and relatively proximate market movement. Currently, the price is gradually approaching a dynamic trendline that has historically functioned as a support level. Based on our analysis, we anticipate the emergence of a new bearish impulse in the...

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Platinum continues to be confined within a persistent bearish channel, characterized by a pattern of lower highs and lower lows in its price movement. This ongoing trend suggests a prevailing bearish sentiment in the market. As the price of platinum remains locked within this channel, there is a possibility of a new bearish impulse emerging. Given the current...

DAY_PROFITS Updated 

The EUR/USD is approaching a significant resistance area, marked by the 61.8% Fibonacci retracement level from the previous swing high. We are currently seeking a short setup based on this technical analysis. Meanwhile, from a fundamental perspective, the EUR/USD has experienced a slight decline after its climb towards 1.0800 on Thursday. Investors are exercising...

DAY_PROFITS Updated 

During the early stages of the Asian session, the GBP/JPY currency pair experienced a modest retreat towards the 167.00 level, putting an end to its two-day streak of gains. The current exchange rate for GBP/JPY is approximately 167.16, reflecting a decline of 0.16%. Analyzing the price action, the daily chart indicates that the GBP/JPY pair maintains an overall...

DAY_PROFITS Updated 

In the early European session, gold price (XAU/USD) is making efforts to confidently stay above the $1,980.00 mark, taking into account the delicate state of the USD Index. The precious metal has been receiving fresh support as market participants anticipate the USD Index to remain on a bearish trajectory, given the absence of recovery signals. In the Asian...

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The EUR/AUD pair continues to exhibit a strong bullish trend, and in the recent hours, we witnessed a fresh pullback as the price approached the 61.8% Fibonacci retracement level, coinciding with the 78.6% level. This confluence of Fibonacci areas, combined with the presence of a dynamic trendline that could potentially act as support, suggests the possibility of...

DAY_PROFITS

In the lower timeframe, the EUR/USD pair is currently confined within a bearish channel, characterized by a consistent pattern of lower highs and lower lows. Today, the market opened with a bullish impulse, leading to an upward movement in the price. However, it is worth noting that the price has now approached the significant 78.6% Fibonacci retracement level...

DAY_PROFITS

GBP/USD Retreats as US Dollar Strengthens, But Upside Potential Remains After starting the week with three consecutive days of gains, GBP/USD has lost momentum and pulled back towards the 1.2400 level. The key resistance zone around 1.2480/1.2500 may now act as a crucial level, with potential buyers entering the market once it is confirmed as support. During...

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During the Asian trading session, gold experienced a bullish surge, retracing towards the previous resistance area. This level may once again act as a point of rebound, potentially intensifying the bearish pressure on the precious metal. The current market sentiment leans towards a rush for safety, leading to increased demand for the US dollar, which weighs on...

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The EUR/USD currency pair exhibits a decline in value driven by increased demand for the US dollar. This marks the sixth consecutive session of losses for EUR/USD, as it breaches the crucial support level of 1.0700 for the first time since late March. The decline can be attributed to the continued strengthening of the US dollar and a corrective movement in...

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The USD/CAD currency pair is experiencing a resurgence in buying interest, leading to a renewed intraday high around 1.3605 during the early hours of Tuesday's European trading session. This positive movement marks the first upward trend in three consecutive days. This notable upward shift is reflected in the Loonie pair's reversal from an upward-sloping support...

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Gold price (XAU/USD) is currently encountering resistance near $1,945.00 during the Asian session. The precious metal is poised to move higher as the US Dollar Index (DXY) has retraced from its recent pullback to around 104.20. The approval of a raise in the US debt ceiling has put downward pressure on the USD index. It is evident that the United States economy...

DAY_PROFITS

The EUR/USD pair has retraced back into the regression channel after dropping below 1.0720. It now faces potential support at the psychological level of 1.0700 and a static level. A sustained four-hour close below this level could attract further selling pressure, potentially pushing the pair towards 1.0660. The release of PCE figures and remarks made by Mester...

DAY_PROFITS Updated 

EUR/USD has started to recover on Friday, bouncing back from a four-day decline that pushed the pair to its lowest level in over two months near 1.0700. However, the near-term technical outlook still lacks a clear bullish signal in the short term, and the next move will likely be influenced by the upcoming release of the US Personal Consumption Expenditures (PCE)...

DAY_PROFITS

The GBP/USD pair is trimming its monthly losses, the first decline in three months, and hovering around 1.2360 during early Monday trading as markets in the UK and the US observe the Memorial Day holiday. Despite the Biden-McCarthy deal on the extension of the debt ceiling, the US Dollar is retreating from its multi-day high, supporting the recovery of the Cable...