Today, I expect the price to undergo a brief correction before resuming its upward movement, aiming for a new high. Currently, U.S. stock futures slid Thursday after the tech-heavy Nasdaq Composite finished above the 20,000 level for the first time., indicating continued market strength. This aligns with our view that the bullish momentum remains intact, with the...
Gold slipped on Thursday as investors booked profits after prices hit more than one-month high earlier in the day on increased expectations of an interest rate cut by the Federal Reserve next week. Summary: The price may fall to 2701 as a correction before rising again to target 2732, 2757, and potentially higher levels. Generally, the direction is...
Generally, the direction is uptrend Uptrend Side: The price is exhibiting a bullish trend, particularly if it can break the channel and cross the resistance level of 195.25 with a 4H candle close. The bullish trend will be further confirmed as the price moves toward 196.99 and 198.60. Downtrend Side: The bearish trend will remain active as long as the price...
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...
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...
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,...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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....