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The GBP/USD pair is showing weakness. As USD buyers pushed the dollar higher at the beginning of the new year, GU started falling short. Technical Insights: The cable has been following its supporting trendline from 1.261 up to 1.283, where it reached its peak and rejected the resistance. It made a clear break under this trendline and continued down to its...

TradingFXio Updated 

Last week we have been doing some scalping on gold, we traded only on the 15 minute timeframe. Since the last analysis we did, gold moved up just as expected and predicted in our analysis and on our TG. We exited our trades in profit. Now, we are looking at the 15MIN chart of gold. Technical analysis: The price was moving in a downwards spiral, through a...

TradingFXio Updated 

**USD/JPY Market Sentiment & Technical Forecast** In our recent analysis, the USD/JPY pair presents a bearish narrative, continuously trading within a descending channel pattern. The crucial moment came when the price breached below the 146.500 support level, retesting and establishing it as a new resistance, which is a significant indication of the pair's...

TradingFXio Updated 

As we continue to monitor EUR/USD, the pair's movements reflect a cautious optimism. Recent sessions have seen the currency touching the 1.0930 resistance, a Fibonacci retracement level from its high, suggesting a potential bullish reversal in the making as this whole week it has been moving downwards. Technical Landscape: EUR/USD's current trajectory is testing...

TradingFXio Updated 

The GBP/USD pair is displaying resilience. With the Federal Reserve's recent halt in rate hikes, the pair benefits from the ensuing USD softness. Technical Insights: The cable has been adhering to support around the 1.2680 region, with an eye on challenging the descending trendline resistance near 1.2720. A clear break above this trendline is critical for the...

TradingFXio Updated 

Gold is exhibiting bullish behavior as it maintains its ascent above the supportive trendline. Currently, it's challenging the resistance zone around $2055, which if broken, could suggest further upside. Technical View: Gold's price is pressing against a key resistance, with consistent higher lows underpinning its bullish trend. The recent peak near $2055 is the...

TradingFXio Updated 

As we review the market dynamics, USD/JPY has demonstrated a significant bearish trend, reinforced by recent economic developments. The chart exhibits a steady decline, indicating strong selling pressure. Technical analysis: The USD/JPY pair has breached key support levels, currently navigating below the 141.400 mark. The consolidation box, highlighted on the...

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The EUR/USD is demonstrating bullish momentum as it ascends along its newly created ascending support line, indicating a robust recovery. The pair is facing resistance near 1.0940, yet the underlying strength derived from the Fed's recent pause on rate hikes should keet the uptrend intact. Technical Analysis: Recent price action has seen EUR/USD challenging the...

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Post-Fed reflections find GBP/USD at a technical crossroads, having broken past a descending trendline, now testing it as potential support around the 1.261 zone. The pair's reaction to this level amid the USD's post-decision dip could set the tone for upcoming sessions. Technical analysis: The cables been creating lower lows and high for some time following its...

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After the Fed maintained rates, gold's response was to stabilize near the $2037.50 Fibonacci level, showing resilience. This pause in rate hikes, coupled with no immediate follow-through on the bearish break, presents a technical conundrum. Technical Analysis: Gold's failure to sustain below the $2037.50 level could indicate underlying bullish sentiment. If gold...

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In the wake of the Fed's rate decision to hold steady, EUR/USD is showcasing renewed bullish potential, mirroring the resilience seen in the GBP/USD trend. The pair's steadfast bounce from the 1.0755 support, a nexus of Fibonacci significance, suggests an underlying bullish momentum. Technical Analysis: The EUR/USD is currently challenging the 1.0910 resistance...

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Current dynamics in GBP/JPY show a decisive moment at the key downtrend line. The struggle at this level underlines the pair's recent bearish momentum. A push beyond the 184.5 resistance could usher in a bullish phase, but without such a move, the outlook remains weighted to the downside. Technical Analysis: The struggle below the trendline suggests caution, with...

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As noted in our latest review, USD/JPY is a very bearish reading as it still moves inside of its descending channel. The pair broke its former support at 146.500, retested it and confirmed it as a resistance level which is crucial for this pair. A convincing surge above this level would mark a bullish transition, possibly extending towards the 149.000 resistance,...

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As evaluated in the prior market analysis, GBP/USD exhibits enduring bullish trends, buoyed by a weaker USD amid subdued inflationary pressures. Technical Analysis: GBP/USD has broken the pivotal support at 1.261, now turned resistance. The pair's trajectory aligns perfectly with the 0.618 Fibonacci level, suggesting a robust uptrend. Eyes are set on surpassing...

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As evaluated in our previous session, the EUR/USD is exhibiting signs of a bullish resurgence, echoing the GBP/USD's trend, driven by a weakening USD after the Fed’s pause in rate hikes in response to softer CPI data. Technical analysis: EUR/USD's rebound off the 1.0755 level, a significant Fibonacci juncture, mirrors the GBP/USD's earlier support retest at...

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USD/JPY Technical Analysis: Monitoring Momentum as Bears Take Control In light of recent market dynamics, the USD/JPY has seen a significant selloff, with bearish momentum taking the forefront after a period of consolidation. Technical Outlook The USD/JPY pair has recently broken below a key support level, suggesting further moves to the downside and...

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EURUSD falling below its trend line and making a sharp correction this week. This might indicate a trend reversal and further downside momentum. As well as gold, other assets connected to USD have also taken a hit. Following Friday's speech, EURUSD has seen a turn in direction. It pulled back from its highs around 1.1, now trading back around 1.079 and targeting...

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In the aftermath of Chairman Powell's dovish speech last Friday, gold has seen a notable pullback from its recent highs. The market's anticipation of a less aggressive monetary policy has led to a softened stance on the U.S. dollar, affecting commodities inversely. Technical Analysis: Gold's rally was halted, and prices sharply declined after testing the $2040...