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AUDUSD may bottomThe AUDUSD is facing selling pressure, currently trading quietly around the 0.630 area. Breaking out of the descending triangle pattern has caused a significant decline in AUDUSD. Pay attention to how it declines after breaking below the previous support level at 0.616 but recovering earlier. This setup can help traders anticipate the next move and be cautious of a potential recovery. It is expected that in the near future, AUDUSD may find support at 0.616, and this downward trend will continue until there is any catalyst to help the pair rise again.
by AlselvSignals
2
USDJPY overview, correction underwayDear friends, As we predicted long ago, UJ achieved the target of 150.00 by the end of the previous week, reaching its highest level of the year. However, the end of the trading session caused this currency pair to stop at 149.59. Breaking out of the trend channel caused UJ to decline, but a confirmed support at 149.50 has led to a correction in this currency pair. The price may soon recover. Do you agree with this analysis? What is your viewpoint?
Long
by AlselvSignals
XAUUSD - $2000 breakout on test of supportDear friends, gold continues to maintain its upward trend, currently trading at $1997. Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of global currencies, is hovering around 106.60 after a decline from 106.90. Positive economic data from the United States on Friday failed to boost the US dollar (USD) and support the price of gold, which is a significant advantage. Regarding the outlook for gold this week: The market seems confident in the possibility that the Fed will keep interest rates at 5.25% to 5.5% in this meeting on October 31st and November 1st, which could help and maintain its position for price increase. At the same time, the Fed is expected to maintain restrictive monetary policies in the near future. In terms of technical analysis: Gold seems to be facing a psychological level of $2000, so the selling side may come into play here, causing gold to seek support at $1985, which is considered a strong support level that could push gold back up to the expected increase of $2020. What is your opinion? Do you agree with me?
OANDA:XAUUSD
by AlselvSignals
2
Overview of BTCUSDT weekend, hot marketDear friends, Breaking through the resistance level of 32k (monthly resistance level) has led to an impressive price increase for the product over the past 17 months. The range of 30k to 32k will now serve as a support/buy zone until it is broken for the next price increase towards 40k! At the time of writing, the cryptocurrency market is trading below the 35,000 USD barrier. The upward trend is strong as it consolidates at a high level with stable trading activity on the daily timeframe. I want to emphasize that the Bitcoin market may experience some declines as the US Bureau of Economic Analysis (BEA) is expected to release Personal Consumption Expenditures (PCE) data today. This data is a key measure of inflation by the Federal Reserve and is expected to increase during this period. Due to this reason, it is anticipated that the price decline will reach 31,500 USD and this downward trend will continue until any positive developments help the price rebound. The next support level for this decline is at 29,500 USD. What are your thoughts on this issue? Do you agree with me?
by AlselvSignals
19
GBPUSD - Price continues to declineHello dear friends, the new week has begun, let's explore the market with Karina! At the start of the trading session, GBPUSD is showing a slight downward trend, with a target of 1.205. The next predicted trend is to find support at this level and then retest the area of operation for the ema 34 and 89. The price will quickly be pushed back when it encounters resistance at 1.217. Furthermore, the downward trend along the Trendline is still active, so the possibility of a price drop is expected and highly regarded. What about you? What do you think, will GBPUSD rise or fall in price?
by Karina_Bella
GBPUSD overview and long-term strategyDear friends, breaking free from the upward trend has caused a significant decrease in GU. At the time of writing, GU has temporarily halted trading at 1.2117 and is showing sideways movement above the support level of 1.2000. In the short term, we still view the decline of GU positively. As the prolonged trend continues without any signs of reversal, the resistance level of 1.2333 remains a concern for this currency pair. It is anticipated that this decline may lead to a breakthrough below the current support level of 1.1801, pushing GU to seek lower support at 1.0928. As long as this currency pair continues to trade below the resistance level of 1.2333, the risk of price decline will persist. What is your long-term perspective? Do you agree with me?
Short
by AlselvSignals
4
The EU is influenced by the dollar price increaseDear friends, Escaping the upward trend has led to a significant reduction in product prices. When the Euro (EUR) appeared weak against the US Dollar (USD) on Friday, the EUR/USD traded within a narrow range around 1.0500 by the end of the week. The greenback traded higher within the weekly range, reaching around 106.70 when measured by the US Dollar Index (DXY). The slight increase in the value of the US Dollar coincided with a muted rise in US bond yields across various time frames. At the time of writing, the EUR is trading at 1.056, having undergone a pullback to test the breakout level and complete a trend correction, with the next target being a downward movement of EUR/USD. The price is expected to decrease towards two support levels at 1.0496 and 1.0462. What about you? Do you agree with me?
Short
by AlselvSignals
9
Gold market is rising strongly, what is the next target?Dear friends, during last week's trading session, we witnessed the Gold market surpassing the psychological resistance level of $2000, just as expected. Investors sought to protect their assets as uncertainties in the Middle East continued to unfold. At the time of writing this article, the price temporarily halted at $2006. Overall, there has been a relatively stable upward trend, finding support around $1960 and $1980. However, Gold has not experienced any significant breakthroughs, causing growth signals to slow down. Regarding the forecast for the upcoming week: - It is likely that the Gold market will move sideways as investors monitor the fluctuation of US Treasury bond yields. Additionally, escalating conflicts in the Middle East will further influence and confirm the Gold price trend. The next week promises to be a hot one for the Gold market. - The expected price increase could reach $2015, $2035, and $2050, with potential short-term corrections in the near future. So, what is your perspective on this?
OANDA:XAUUSD
by AlselvSignals
3
Gold plummeted, the profit -closing stage could occurDear valued comrades, Gold prices today are trading calmly with slight fluctuations. However, this precious metal has escaped from the downward trend that caused prices to decline recently. At the time of writing this article, the gold market is trading at $1975. A downward trend has formed, so gold may experience a slight decline before continuing its upward trajectory. Therefore, we eagerly anticipate the release of the US GDP report for the third quarter on Thursday (October 26th), the Personal Consumption Expenditures (PCE) index published on Friday (October 27th), and other economic reports. These factors have contributed to an increasingly heated market. It is expected that the price will reach $2000. What are your thoughts on this matter? Do you agree with me?
OANDA:XAUUSDLong
by AlselvSignals
3
BTCUSDT fights to secure victory next weekDear friends, BTCUSDT has maintained an impressive upward trend after reaching 34,000 USDT, posing some challenges in the cryptocurrency market. At the time of writing, the price is hovering around this 34,000 USDT range. It is expected that there will be a price decrease to test the support level at 30,600 USDT, which will help BTC strengthen its efforts to reclaim 36,000 USDT. This will invalidate the argument for a price drop and provide additional support for the cryptocurrency value. So, do you agree with my idea?
by AlselvSignals
6
Gold trading relatively quiet todayDear friends, In this week's trading session, the psychological level of $2000 is still eluding gold. At the time of writing, gold is trading at $1987, slightly higher than yesterday morning but significantly lower than the intraday high when the latest report revealed the resilience of the US economy. Specifically, the report shows that US GDP for the third quarter grew by 4.9% compared to the same period last year, surpassing economists' expectations of 4.7% and the 2.1% growth in the second quarter. This data leans towards those who support the possibility of the Federal Reserve continuing to raise interest rates in future monetary policy meetings. This has been detrimental to gold. Looking ahead, the Personal Consumption Expenditures (PCE) index report is expected to be released on Friday. The data is anticipated to provide further clues for the market regarding the upcoming Fed policy meeting, potentially indicating a new direction for gold. In terms of technical analysis, the upward trend remains stable on the 1-hour timeframe. Therefore, it is likely that gold will continue to trade within the range of $1993 - $1980. In the long term, a breakout above the resistance level of $1995 could potentially push the price of gold higher.
OANDA:XAUUSD
by AlselvSignals
9
Gold price at the end of the transaction: Can reach 2000 USD ?Hello dear friends, On the last trading day of this week, do you think the price of gold could reach $2000? Let's explore the gold market together with Karina! Yesterday, the price of gold approached the $2000 level but still lacked the momentum to surpass this resistance. Evidence shows that gold has been consistently moving sideways within a narrow range around $1880 on the 1-hour chart. Today, gold continues to maintain an upward trend and is trading at $1988, up 0.16% for the day. It can be seen that the Bollinger Bands are maintaining a stable trend without any signs of contraction or expansion. Therefore, it is likely that gold will continue to trade calmly within a range of approximately $1993 - $1980. Regarding prospects: A breakthrough above the resistance level of $1995 could potentially push the price of gold higher, but it may be necessary to wait until the end of the day. Thank you for your interest in this article and good luck!
OANDA:XAUUSD
by Karina_Bella
9
Loses momentum below the mid-1.0500Hello dear friends! What do you think, will EURUSD rise or fall next? Let's find out more about this currency pair with Karina! As Karina mentioned in the previous article, EURUSD will rise but only as a correction and will soon be pushed back down when it reaches 1.070. This currency pair is facing some selling pressure due to the stronger US dollar (USD) and optimistic economic data in the Eurozone. Moreover, recent tensions in the Middle East have also raised concerns about the declining growth prospects of the region. Market investors are waiting for the European Central Bank's (ECB) interest rate decision on Thursday, which is expected to keep rates unchanged at the October meeting. On the chart: The Bollinger Bands are expanding, and after touching the upper limit, the price has turned downwards. The immediate target for EU may be to form a DOW pattern and continue the trend with three important targets sequentially at 1.053, 1.050, and finally 1.045. If you find this article helpful, please share it with others. Don't forget to give Karina a like and follow !
Short
by Karina_Bella
18
Short-term Gold market analysisDear friends, the price of Gold continues to decline below the 1800 USD mark, dropping from its highest level in the past 5 months. This is due to the Federal Reserve maintaining high interest rates, which affects the demand for non-yielding assets. A clear upward trend has formed on the 1-hour time frame. My short-term trading idea is to place a buy order for Gold when it reaches the support level of 1972 USD, with an expected increase to 1991 USD. What are your thoughts on this?
OANDA:XAUUSDLong
by AlselvSignals
1
GBPUSD increases unstableDear readers, The GBP/USD pair is currently recovering in today's trading session after dropping to the support level of 1.205. At the time of writing, this currency pair is trading at 1.213. However, with more people accepting the Federal Reserve's stance as a hawkish anchor for this pair, it is playing a pivotal role at the moment. From a personal standpoint, I still believe that any immediate increase can only be short-term for GU. The likelihood of the resistance level being breached with a rejection here suggests that the downward trend will continue. What are your thoughts on GU in the near future?
Short
by AlselvSignals
3
Gold price is falling, is there a chance to reach 2000 USD?Dear fellow comrades, the price of gold has experienced significant fluctuations today as the financial investment community increases its demand for the "greenback." This has propelled the USD Index to reach 106.27 points, leading to a strong increase in the value of the US dollar. Meanwhile, crude oil prices have dropped to $83.25 per barrel. Moreover, the financial market has become optimistic as Israel postpones its ground attack on Gaza, hoping that Hamas will continue to release hostages. Due to these reasons, gold has entered a period of decline. Most gold investors, like ourselves, are gradually learning to coexist with the conflicts in the Middle East. Regarding the analysis of gold for this week: A potential upward trend will be considered, which could provide momentum for gold to reach $2000. What are your thoughts on this matter?
OANDA:XAUUSD
by AlselvSignals
The EU continues to undergo pressure due to strong USDHello dear friends! Today, the Euro (EUR) seems weak against the US Dollar (USD) on Friday, causing the EUR/USD to trade within a narrow range around the 1.0500 level at the opening of the European trading session. The greenback managed to maintain trading at higher levels within the weekly range, near 106.70 as measured by the USD Index (DXY). The slight increase in the value of the US Dollar is accompanied by a mild, but noticeable, increase in US bond yields across different time frames. On the 4-hour chart, the uptrend line has been broken and the ema 34 signal is reversing. The price has experienced a retracement back to test the breakout area and complete a trend correction, with the next target being a downward journey for EUR/USD. Karina has established two clear targets on the chart, which are two support levels at 1.050 and 1.046.
by Karina_Bella
4
GBPUSD: price increase but not stable.Hello dear friends! GBPUSD is rebounding in today's trading session after dropping to the support level at 1.205. At the time of writing, this currency pair is trading at 1.213 and has increased by 0.08% for the day. However, the long-term bearish trend on GBPUSD still weighs heavily, with market sentiment towards the Fed interest rates and the strength of the USD acting as significant obstacles for GBPUSD. From a personal perspective, Karina believes that this is likely just a short-term increase for GU. Using the excellent Fibonacci tool from Trading View, there is a high probability that the upward movement could develop to two perfect levels at 1.215 and 1.220 before the downward trend resumes. What are your thoughts on how GU will move today and in the near future?
by Karina_Bella
4
Strategic analysis for the futureDear valued readers, Ever since the Escape from the Price Channel caused a significant decline in product performance, the price increase has still been well supported. Although it has not yet surpassed the resistance level of 150.00, there are no signs of a reversal in the trend of this currency pair, thus reaffirming the investor's buying position. At the time of writing, UJ is showing clear downward adjustments that may still occur when UJ reaches the analyzed resistance level. Therefore, we eagerly await the release of Japan's Tokyo Consumer Price Index (CPI) data early on Friday. This will contribute to a clearer market outlook. It is expected that this price increase will reach 150.00 USD, as long as this currency pair maintains a strong price level above 149,000, the upward momentum will continue to develop. What are your thoughts on this matter? Do you agree with me?
Long
by AlselvSignals
3
GBP stable waiting for newsDear valued readers, GBP/USD has been steadily declining since it broke away from the 1.228 peak. As of writing, GU is trading at 1.2171. The upward trend is strong, with stable trading activity on the 1-hour timeframe. The next resistance levels can be seen at 1.2250, 1.2300, and 1.2340. Therefore, the speech by the Fed Chairman is highly anticipated, and we expect that the current trading developments will not have significant changes tonight. This will help provide a clearer direction for GU. What are your thoughts on this matter? Do you agree with me?
by AlselvSignals
6
EURUSD continues to increase stronglyDear friends, currently EURUSD is challenging the 1.0600 resistance level. The recovery of this currency pair is supported by the temporary halt in the overnight recovery of the US dollar. The next focus for Euro traders is the IFO survey in Germany. From the technical analysis chart: a well-established uptrend line indicates the possibility of price increase. Therefore, it is likely that the price will aim for 1.0639 with the goal of reducing selling pressure. This expected rise may reach the 1.0700 level, which marks the upper limit of the price channel. What are your thoughts on this?
Long
by AlselvSignals
Long-term analysis of Gold this weekDear friends, Gold has maintained its good upward momentum from yesterday's trading session, although the price has slightly decreased and is currently trading around $1970 - $1972. Selling pressure has increased after gold experienced a strong rally, with investors taking profits as the US dollar shows signs of a strong rebound. The situation remains unpredictable as economies around the world have yet to show clear positive signals. Therefore, the US GDP report for the third quarter will be released on Thursday (October 26th). The Personal Consumption Expenditures (PCE) index will be announced on Friday (October 27th), along with other economic reports that we need to wait for. These reports will provide us with clearer directions. From my personal perspective, a downward trend and the support level at $1950 could potentially act as a catalyst for gold to rebound. The ongoing conflict in the Middle East and the continued upward trend make it a favorable opportunity for gold buyers.
OANDA:XAUUSDLong
by AlselvSignals
12