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Yesterday, GBP/NZD experienced a pullback around the 1.99000 area, which coincided with the 61.8% Fibonacci retracement level. Additionally, there was a divergence observed on the RSI indicator, suggesting that the price is poised to resume its upward movement with a new bullish impulse. As a result, we are currently seeking a long setup for this currency pair.

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GBP/JPY Remains Under Pressure at 170.20 Amidst Japan's Strong Growth Numbers GBP/JPY is experiencing continued downward pressure around 170.25, following a reversal from a one-week high on early Wednesday. The cross-currency pair's retreat from a descending resistance line, which originated on May 01, aligns with the release of encouraging growth figures from...

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Bitcoin is currently experiencing a corrective movement, with its value retracing after reaching the 27600 level. The price has undergone a correction near the 61.8% Fibonacci level, indicating a potential bearish impulse towards the 26100 mark. In line with recent data from CoinShares, investments in crypto funds have witnessed a decline of $54 million in the...

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The NZD/JPY pair has seen a moderate uptick on Monday, with the Kiwi currency gaining some ground against the Japanese Yen. However, the current upward momentum of the pair lacks significant bullish conviction, indicating some underlying uncertainty among investors. A positive risk tone in the market has been a key factor driving the NZD/JPY pair higher. The...

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The NZD/USD pair has experienced a decline, falling below the 0.6250 level, following the release of weaker-than-anticipated annual Retail Sales data by the National Bureau of Statistics of China. The reported data showed that the economic growth in retail sales expanded at a slower pace of 18.4%, compared to the forecasted 21.0%, but still higher than the...

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Ethereum (ETH) is one of the top-performing cryptocurrencies in the market and is currently trading at $1,795. After experiencing a decline of more than 10% in the last few days, ETH is hovering around its monthly low. The decline had the potential to push the price down further to the critical support level of $1,700, but the optimism among investors has...

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The FTSE has shown signs of a potential price increase after a Double Bottom pattern and Divergence were identified on the 4-hour timeframe. This movement is likely to continue in the direction of the current trend. The recent growth in value can be attributed to positive data from the UK, which showed a 0.1% increase in quarterly GDP in Q1. In addition, both...

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The USD/JPY pair is struggling to gain momentum after its overnight rebound from the 133.75 area, which was a one-week low. During the Asian session on Friday, the pair has been trading in a narrow range and is currently hovering just above the mid-134.00s with no significant change for the day. The USD/JPY pair is being influenced by conflicting forces, making it...

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The price of silver, represented by XAG/USD, has been indicative of the cautious market sentiment among traders in anticipation of the highly significant US inflation data, specifically the Consumer Price Index (CPI) for the month of April. As the early European session on Wednesday commences, the bright metal's price moves within a symmetrical triangle comprising...

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Despite recent USD gains, GBP/JPY remains within a bullish momentum. While struggling along with other GBP and EUR crosses, the pair may see a pullback to the 38.2% Fibonacci level from the previous swing low before continuing its growth. Our analysis suggests a long setup and bullish continuation.

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The gold price struggles to defend its three-week uptrend ahead of looming US inflation data. Mixed concerns about the US default and banking fallouts, along with disbelief in the hawkish Fed talks and recent US data, are challenging XAU/USD buyers. Despite this, the price remains in a bullish momentum across all higher timeframes and is currently testing a...

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Despite a volatile day that saw minor losses in XAU/USD, gold prices continue to experience downward pressure. The recent release of US GDP details has signaled an upbeat inflation component, favoring US Dollar bulls and further contributing to the decline in XAU/USD. Additionally, market fears caused by First Republic Bank have also weighed on gold prices, but...

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During the European morning, the EUR/USD pair experienced a decrease in momentum and slid below the 1.1000 level due to reports from Germany and the Eurozone which suggested a loss of growth momentum in Q1. Furthermore, the pair is being weighed down by the renewed strength of the US Dollar ahead of significant US economic data releases. From a technical...

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Early on Friday, the GBP/USD pair is struggling to surpass the 1.2500 level due to the US Dollar's ability to capitalize on its slight rebound from Thursday. Market participants will closely monitor the US March PCE inflation and Q1 Employment Cost Index data. Currently, the GBP is approaching a critical support level, coinciding with the 50 and 61.8% Fibonacci...

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Our analysis indicates that the price of GOLD will continue to rise, in alignment with our previously established bias and forecast. This is based on several factors, including the metal's recent rejection on a Fibonacci reversal zone, as well as its subsequent retouch of a dynamic trendline that has served as a reliable support level. As such, our current...

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Yesterday, the EUR/USD currency pair managed to touch the 1.1100 target, but then experienced a retracement that led the price to the current level of 1.1040. Today, the price is testing the minimum levels seen during the previous London session. It is from this retest that our idea of a potential new long setup arises, driven by the bias that the market will...

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Yesterday, the currency pair of the British Pound and the US Dollar, commonly known as GBP/USD, hit our initial take profit target. Following that, the price experienced a reversal, or retracement, which caused it to retreat to an area around 1.2450. This presents a new opportunity for the price to potentially resume its upward trajectory, in line with the overall...

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As predicted yesterday, GOLD experienced a pullback from the Fibonacci area, reaching our first take profit target. Despite this, our analysis continues to project a bullish outlook for this precious metal. We anticipate that the price of GOLD will potentially reach HKEX:2015 in the near future, although there is a possibility that the price could rise even...