ZYLOSTAR_strategy

ZYLOSTAR_strategy

Gann Fan Theory is a technical analysis tool used by traders and investors to identify potential price levels and trends in financial markets. It's based on the work of W.D. Gann, a famous trader and analyst. In this theory, specific angles and price levels are used to identify potential support and resistance areas. 1. Market Trend: The first thing to...

ZYLOSTAR_strategy

The USD/CHF pair reversed a two-day losing streak during the early European session on Friday. It is currently trading near 0.8927, reflecting a 0.15% increase on the day. The escalating geopolitical tensions between Israel and Hamas have contributed to the strengthening of the Swiss Franc (CHF), which is often considered a safe-haven currency in times of...

ZYLOSTAR_strategy

The Australian Dollar (AUD) has been facing losses against the US Dollar (USD) due to mixed employment data from the Australian Bureau of Statistics. This decline comes after a two-day winning streak, partly influenced by a speech from Reserve Bank of Australia (RBA) Governor Michele Bullock. In September, the Employment Change dropped more than expected,...

ZYLOSTAR_strategy

Gold level to watch 1955 The price of gold (XAU/USD) recently reached a three-week high, hovering around the $1,932-1,933 range. This surge was attributed to the escalating conflict between Israel and Hamas, which led investors to seek refuge in safe-haven assets like gold. Additionally, the belief that the Federal Reserve (Fed) is nearing the end of its cycle of...

ZYLOSTAR_strategy

Here's a breakdown of the key factors affecting the pair: USD Weakness: The USD is under selling pressure, and this could be due to softer economic data and potentially dovish comments from Federal Reserve officials. Higher inflation expectations and upbeat inflation data suggest the possibility of a rate hike by the Federal Reserve. However, any hints of a more...

ZYLOSTAR_strategy

financial news update or analysis related to the USD/CAD currency pair. Here's a summary of the key points: The USD/CAD pair had a strong move up to the 1.3700 level but has since edged lower during the Asian session, trading around the 1.3680-1.3675 range. Factors affecting the pair include a modest increase in Crude Oil prices, which supports the Canadian...

ZYLOSTAR_strategy

The EUR/USD pair has been trading with a mild positive bias, reaching a two-and-a-half-week peak near the 1.0630 region. This positive movement can be attributed to several factors: Weaker US Dollar (USD): The USD has been on the defensive due to reduced expectations for more interest rate hikes by the Federal Reserve (Fed). When interest rate hike expectations...

ZYLOSTAR_strategy

The EUR/USD currency pair is trading in a positive zone near 1.0610 during the early Asian session on Wednesday. This positive momentum is mainly attributed to the continued correction in the US Dollar (USD), driven by dovish remarks from Federal Reserve (Fed) officials. Several Fed policymakers have made dovish-leaning comments, expressing concerns that elevated...

ZYLOSTAR_strategy

this information regarding the Israel-Palestinian conflict and its potential impact on the markets. Geopolitical events, especially those in the Middle East, have historically had a significant influence on commodity prices, including oil and gold. Oil Prices: The rise in oil prices during geopolitical conflicts in the GCC region is a common phenomenon. This is...

ZYLOSTAR_strategy

the EUR/JPY currency pair based on recent price movements and key support and resistance levels. Here's a breakdown of the analysis: Recent Price Movement: On Friday, EUR/JPY experienced solid gains of more than 0.90%. This gain was attributed to a sharp rally in EUR/USD, which led EUR/JPY to reach a daily high of 1.0600. As a result, EUR/JPY climbed to a...

ZYLOSTAR_strategy

Bitcoin price takes a hit as US Nonfarm Payrolls for September nearly double expectations, rising by 336,000 Bitcoin price had a rather negative initial reaction to the release of the US Nonfarm Payrolls for the month of September. Beating wide-margin market expectations, the jobs report highlighted the addition of about 336,000 jobs against the forecast of...

ZYLOSTAR_strategy

The USDCAD currency pair represents the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD). When you mention a "divergence," you may be referring to a technical analysis concept. Divergence is a situation where the price of an asset and a technical indicator (e.g., RSI, MACD) move in opposite directions, suggesting a potential reversal or...

ZYLOSTAR_strategy

In the given scenario, XAUUSD is said to be rangebound between 1816 and 1831. This means that the price of XAUUSD is fluctuating within this specific range without any clear upward or downward trend. However, it is mentioned that the trend is down, which suggests that there is a higher probability of the price breaking below the range and continuing its downward...

ZYLOSTAR_strategy

USDCHF currency pair is currently experiencing an upward movement and is expected to continue its ascent after finding support at the level of 0.9140. You predict that it will rise to 0.92199. It's important to note that predicting currency movements with such precision can be challenging and subject to various factors. Support and resistance levels are commonly...

ZYLOSTAR_strategy

In order to analyze the potential opportunity to short the EURAUD currency pair, let's break down the given information: Current Price: The current price of EURAUD is 1.6578. This indicates that 1 Euro is equivalent to 1.6578 Australian Dollars. Resistance Level: The resistance level mentioned is 1.6645. This means that the price has faced rejection three times...

ZYLOSTAR_strategy

In the EURCAD Hour 1 chart, there is a down-channel breakout, indicating a potential shift in market direction. This breakout suggests that the market may retreat towards the support level near 1.4240 before potentially bouncing back up. A down channel is a technical pattern formed by connecting the lower highs and lower lows on the price chart. It indicates a...

ZYLOSTAR_strategy

The USD Index is a measure of the value of the US dollar relative to a basket of other major currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. When the USD Index breaks out of a channel, it means that the value of the US dollar is experiencing a significant move outside of its previous trading range. A...

ZYLOSTAR_strategy

USDCAD Trading Analysis: Down Channel and Potential Drop to 1.3383 Introduction: In this presentation, we will analyze the current trading situation of USDCAD, focusing on the down channel pattern and the major resistance level near 1.3530. Additionally, we will explore the Fibonacci 50 level and its significance in predicting a potential drop in the market,...