ElenaMayi

ElenaMayi

Summary: The price is currently stable in a sensitive area, with a higher likelihood of a decline. We expect the support level at 6026 to be broken, and if this occurs, a sharp decline is anticipated toward the 5954 level. Generally, the direction is an uptrend Uptrend Side: The price needs to rise and break the resistance at 6072 in order to reach the final...

ElenaMayi

The euro declined in European markets on Wednesday against a basket of global currencies, extending its losses for the fourth consecutive day against the US dollar, hitting its lowest level in a week, under pressure from concerns about the widening interest rate gap between Europe and the United States. Later today, the European Central Bank will hold its final...

ElenaMayi

The oil price has continued its upward movement and is likely to rise toward 70.50 or touch this level before initiating the decline scenario. A breakout above 70.50 could push the price toward the next resistance at 71.78. However, the chart predominantly suggests a bearish outlook. We expect that once the price reaches 70.50, the bearish trend will resume,...

ElenaMayi Updated 

The Japanese yen rose in the Asian market on Friday, extending its positive trend against the U.S. dollar for the second consecutive day. This was driven by hawkish comments from Bank of Japan officials, raising expectations of a third interest rate hike in December. Additionally, the yen benefited from a decline in U.S. 10-year Treasury yields, ahead of upcoming...

ElenaMayi Updated 

Stock futures hovered near the flatline on Tuesday after the S&P 500 and Nasdaq Composite pulled back from record highs. Summary: The price is expected to rise towards the last resistance at 21625, after which it may fall, breaking below 21415 and potentially reaching 21215. Generally, the direction is uptrend Uptrend Side: As long as the price remains above...

ElenaMayi Updated 

Gold prices gained on Tuesday, helped by escalating geopolitical tensions in the Middle East and expectations of a U.S. rate cut this month, with key U.S. inflation data later this week grabbing investors' attention. Generally, the direction is uptrend Summary: I expect the price to rise towards the resistance level of 2701, after which it is likely to decline,...

ElenaMayi

Generally, the direction is a downtrend Downtrend Side: The oil price tested the key resistance level of $68.64 and subsequently retraced lower, supporting expectations for a continued bearish trend. A break below the $67.84 level would open the way for a move toward the $66.96 level, which represents the next main target at 65.40. Uptrend Side: However, a break...

ElenaMayi Updated 

Oil prices climbed by more than 1% on Monday as top importer China flagged its first move toward a loosened monetary policy since 2010 aiming to bolster economic growth, state media reported citing a Politburo meeting. Generally, the direction is consolidation Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in...

ElenaMayi Updated 

U.S. stock futures were slightly lower on Monday after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week. Generally, the direction is uptrend Uptrend Side: The price has established resistance at 6099, and a breakout above this level is required to reach a new high, potentially targeting...

ElenaMayi

Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve’s next monetary policy moves. Generally, the direction is consolidation Uptrend Side: the price should break above the resistance of 2662 by closing the 4H candle to get the 2701. Downtrend Side: the price from 2662 will fall to touch 2640, as...

ElenaMayi Updated 

Gold prices edged higher on Friday but headed for a second straight week of decline, while market participants braced for the U.S. payrolls data that is expected to provide cues on the interest rate cut trajectory. Gold experienced a decline yesterday, trading below the critical support level of $2,640. Today, the market's attention is focused on key economic...

ElenaMayi

There are indications of a price decline, and it is likely that we will experience a downturn today. Generally, the direction is uptrend Uptrend Side: The price has established resistance at 6099, and a breakout above this level is required to reach a new high, potentially targeting 6160. Downtrend Side: Regarding the bearish trend, we anticipate that the price...

ElenaMayi

The price has formed the zone from the top of 21540 to the bottom of 21400, and it looks like a bearish trend for today. Generally, the direction is uptrend Uptrend Side: we need a break above 21540 to touch the new high level from 21750. Downtrend Side: about the bearish trend, we expect the price may make a correction to the resistance of 21540, then will...

ElenaMayi Updated 

Summary: The USD/JPY exchange rate was unable to maintain stability above the 150.47 level, exhibiting significant bearish movement yesterday and trading between the 150.47 and 148.96 zones. This placed the pair under renewed downward corrective pressure, directing it toward targeting the 148.96 and 147.24 leves. Generally, the direction is a downtrend Uptrend...

ElenaMayi

Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East. Generally, the direction is consolidation Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in the near term....

ElenaMayi Updated 

Gold prices steadied on Wednesday as markets awaited U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for further insights into the U.S. interest rate cut trajectory. The 2640 level has proven to be robust, maintaining its position for over a week and forming a barrier with the most recent peak drop on the 4-hour timeframe. The price is...

ElenaMayi Updated 

According to our analysis, the price has been trending higher since yesterday. Before reaching the new resistance at 6080, the price is expected to visit the correction zone to consolidate and gather positive momentum. Following this, we anticipate a further rise, breaking the 6080 resistance and targeting the 6160 level. Negative pressure will be triggered if the...

ElenaMayi Updated 

Today, I expect the price to undergo a brief correction before resuming its upward movement, aiming for a new high as outlined in our previous analysis. Currently, Nasdaq 100 futures have advanced by 0.4%, indicating continued market strength. This aligns with our view that the bullish momentum remains intact, with the potential for further gains toward our target...