JohnHarry_7

JohnHarry_7

The USD/CAD pair extends the rally to around 1.3745 during the early Asian session on Friday. The hotter-than-expected US inflation data and hawkish comments by Federal Reserve officials provide some support to the Greenback ahead of the US September Producer Price Index and Canadian job data. USD/CAD extends upside to near 1.3750 ahead of US PPI, Canadian job...

JohnHarry_7

USD/JPY has picked up fresh bids and approaches 149.00 in Friday's Asian session. The BoJ rate hike uncertainty undermines the Japanese Yen and acts as a tailwind for the pair. However, a dour mood and the US Dollar consolidation could limit the pair's renewed upside. US data eyed.

JohnHarry_7

EUR/USD failed to extend gains and is back under selling pressure in the American session. United States inflation and employment-related figures kept the Fed on the 25 bps rate cut path. The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 30, suggesting that the pair is about to turn technically oversold. On the upside, immediate...

JohnHarry_7

On the flip side, the trading range support breakpoint, around the $2,630-2,635 region, now seems to act as an immediate hurdle. Any further move up could be seen as a selling opportunity and remain capped near the $2,657-2,658 horizontal barrier. A sustained strength beyond the latter could lift the Gold price to the $2,670-$2,672 supply zone, above which...

JohnHarry_7

GBP/USD trades with a mild positive bias but stays below 1.3100 in the European trading hours on Thursday. The pair benefits from a pause in the US Dollar uptrend, although lacks conviction, amid cautious markets, ahead of the key US CPI inflation data release.

JohnHarry_7

149.00 USD/JPY defends 149.00, stalling its retracement from the highest level since mid-August at 149.36. The BoJ rate hikes uncertainty and a generally positive risk tone cap gains for the safe-haven Japanese Yen while traders look to the US CPI data for fresh impetus. Confirm signal

JohnHarry_7

In the near term, and according to the 4-hour chart, the risk skews to the downside. A bearish 20 SMA acts as dynamic intraday resistance, now at around 1.0970. Technical indicators, in the meantime, lack directional strength but remain within negative levels, in line with another leg south. Finally, the 100 and 200 SMAs turned south far above the current level,...

JohnHarry_7

US30usd confirm signal Follow my chart US30usd buy signal US30usd now buy 42:299 Support 42,900

JohnHarry_7

Gold price extends its losing streak for the sixth consecutive trading day on Wednesday. The precious metal has been battered by the upbeat US Dollar, which has strengthened as traders are pricing out another Fed larger-than-usual interest rate cut of 50 bps in their next meeting in November. Gold price extends losing spell amid upbeat US Dollar ahead of FOMC...

JohnHarry_7

GBP/USD is trading close to multi-week lows below 1.3100 in the European trading hours on Wednesday. The US Dollar adds to recent gains amid risk aversion, awaiting the Fed Minutes for a fresh directional impetus in the pair. Confirm signal follow my chart

JohnHarry_7

Gold price sticks to modest gains near weekly top, bulls seem non-committed ahead of US NFP Gold price (XAU/USD) struggles to capitalize on its modest intraday uptick and remains below the weekly top through the early part of the European session on Friday. Gold now buy 2659 Support 2685

JohnHarry_7

From a technical perspective, any subsequent fall is likely to find decent support near a short-term ascending trend-channel resistance breakpoint, around the $2,625 region. This is followed by the $2,600 mark, which if broken decisively could pave the way for some meaningful downside in the near term. Given that the Relative Strength Index (RSI) on the daily...

JohnHarry_7

On the flip side, the $2,670-2,671 area now seems to act as an immediate hurdle ahead of the $2,685-2,686 zone, or the record high touched last Thursday. This is closely followed by the $2,700 round figure, which if conquered will be seen as a fresh trigger for bullish traders and set the stage for an extension of a multi-month-old uptrend. Gold now buy...

JohnHarry_7

Gold price retains its bullish bias near fresh record highs, as demand for the US Dollar remains subdued following US PCE inflation figures. The strong momentum around stocks limits demand for the safe-haven metal. Gold hovers around $2,670 as US Dollar resumes decline Gold now buy 2649 Support 2705

JohnHarry_7

Gold price (XAU/USD) pulls back after refreshing a record high on Wednesday and touches a daily low, around the $2,655 area heading into the European session. The prevalent risk-on mood, along with slightly overbought conditions on the daily chart, prompts some profit-taking and exerts pressure on the precious metal amid a modest US Dollar (USD) uptick. Any...

JohnHarry_7

If it breaks above $2,600, it will print a higher high and confirm the uptrend is continuing. The next target above that would be round numbers: $2,650 and then $2,700. Gold now buy 2624 Support 2650 In the event that Gold’s RSI enters the overbought zone on a closing basis, however, it will advise traders not to add to their long positions. Confirm signal

JohnHarry_7

If it breaks above $2,600, it will print a higher high and confirm the uptrend is continuing. The next target above that would be round numbers: $2,650 and then $2,700. Gold now buy 2617 Target quick 2655

JohnHarry_7

If it breaks above $2,600, it will print a higher high and confirm the uptrend is continuing. The next target above that would be round numbers: $2,650 and then $2,700. Gold now buy 2617 Target quick 2655