Gold (XAU/USD) Analysis, Prices, and Charts Macro backdrop remains supportive for gold. The 200-day simple moving average is now in play. Recommended by Nick Cawley How to Trade Gold According to a range of media reports, US President Joe Biden and Israel’s government have agreed to a relief plan that ‘minimizes civilian casualties and enables
S&P 500 OUTLOOK: S&P 500 falls towards trendline support at 4,300 amid rising U.S. rates. U.S. Treasury yields blast higher, pushing the U.S. dollar to its strongest level since November 2022 and sparking risk off sentiment. This article looks at key technical levels worth watching on the S&P 500 in the coming days. Trade Smarter
> What technical levels are in play for major currency pairs going into the new trading week Technical levels in play for the week starting October 2, 2023 EURUSD: USDJPY: GBPUSD: USDCAD: AUDUSD: NZDUSD: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE
The EURUSD is looking to close the trading week below the 200-hour MA and a cluster of resistance near 1.0610, but above the 100-hour MA at 1.05614. Those levels will be the barometers for buyers and sellers in the new trading week. In the video, I break down the levels and explain why they are
The USDJPY had a volatile down and up trading day with the full 100 pip move to the downside in the first half of the day, nearly fully retracted in the 2nd half of the day. The low price today moved to the 200-hour moving average and the picture set midpoint of the move up
In this video, I take a look at the NZDUSD and outlines the key technical levels in play heading into the new trading week starting October 2, 2023. This article was written by Greg Michalowski at www.forexlive.com. لینک منبع : هوشمند نیوز
It was an incredibly challenging week for forex playas with an extremely busy calendar on hand, laced with four major central bank statements! Despite the difficulty of anticipating price in that environment, our strategists did a pretty good job of anticipating the correct directional biases. And they pointed out several significant chart patterns to watch
USD/JPY FORECAST: Monetary policy divergences between the Federal Reserve and the Bank of Japan will continue to weigh on the outlook for the Japanese yen The U.S. dollar retains a constructive profile for now This article looks at USD/JPY key levels to watch in the coming days Trade Smarter – Sign up for the DailyFX
It was a fantastic week for our forex strategists as four out of four discussions played out favorably relative to our biases and expectations. Check out the recaps below to see how using fundamental analysis helped our efforts to anticipate price action, which can hopefully help you understand this part of the trading process better
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly solid. Overall, the economic data
