USD JPY: Continuing efforts to raise pricesHello dear friends!
It can be seen that in the past few days, the expectation for USDJPY to surpass the 150.000 level has not been realized yet. The trading and movement trend of USDJPY seems to have become quieter when faced with this strong resistance level.
This is clearly reflected on the chart as the Bollinger Band is gradually narrowing, indicating that the price is likely to move sideways within a narrow range of 149.41 - 149.90 in the near future.
However, Karina still maintains her view that USDJPY will have the potential to break through the 150.00 resistance and continue to develop. What about you? Do you agree with this viewpoint?
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GBP/USD : extends losses Hello dear friends!
Today, GBP/USD continues to suffer losses for the second consecutive day, trading at lower levels around 1.230 during Wednesday's trading session. Optimistic economic data from the United States has put pressure on the currency pair, causing it to decrease and trade at 1.219 at the time of writing.
It can be seen that GBPUSD has made efforts to increase in price, but it seems that the upward momentum has not materialized. Instead, the downward trend continues. Currently, the EMA on the 1D timeframe still indicates a negative trend in price decline. The current resistance level is at 1.231, with the target for this price decrease still highly regarded at 1.200.
What are your thoughts on the upcoming movement trend of GU?
Gold increased sharply, exploded every hourHello dear friends!
Yesterday gold received important information from the speech of the Fed chairman, and gold reacted strongly as prices continue to rise and are currently trading at $1878, achieving our previous target of $1970.
The recovery of the precious metal is supported by the decline of the US dollar (USD) after Fed Powell's cautious comments, and gold has become a safe haven for investors.
From the analysis chart:
The downward trendline has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level at $1980. If it can break through this resistance level, there is a significant possibility of further price increase. Additionally, the EMA signal is gradually turning bullish, confirming the target price increase. The current support level is at $1945, and Karina has set her targets at $2018, $2035, and finally the peak of $2050.
What about you? What are your goals?
Stable trading EURUSD waiting for new news!Hello dear friends!
Today, EURUSD continues to trade quietly around the resistance area of 1.0577, and it seems that there is no clear trend in place for the day.
However, from the chart analysis, Karina noticed that the price of EURUSD is gradually narrowing along with the movement within the range of the EMA 34 and 89. Therefore, the price is not expected to change much in the near future, with trading anticipated to be within the range of 1.060 - 1.052.
A breakout could lead to significant changes for EURUSD, but it is unlikely to happen this week. What do you think, will EURUSD rise or fall?
BTC and the pennant pattern, continue to increase in priceHello dear traders! BTC today continues to rise as predicted.
BTC is currently forming a pennant pattern with consolidation range on the 1H timeframe, currently trading around $28,506. The next resistance level is at $28,800.
Breaking out of this pattern will propel this currency pair towards the resistance level. A clear move above this resistance zone could provide even stronger momentum, with an expected increase to $29,196.
Latest GBPUSD update todayHello dear friends!
After many days of effort, Gu has officially returned to his decrease trend with Breakout from the uptrend in 1,223, currently GPBUSD is fluctuating at about 1,2168 with a short recovery. It is likely that after reaching the target at 1,2216 (coinciding with the operational range of EMA 34 and 89), this decline will occur strongly with the goals for this decline is 1,210 and respectively. 1.203.
What is your thoughts on the upcoming market?
BTC rebounded violentlyDear readers! Currently, the BTC is consolidating around the $28,224 mark. This indicates a potential price increase in the near future.
Let's take a look back at yesterday's trading session. After forming a flag pattern, BTC broke out of that area, signaling a potential short-term price increase during the day. My target remains at $29.00. What are your thoughts on the future of BTC?
Gold tested the rising channel and rebounded violentlyDear friends, At the time of writing, Gold is still experiencing a good increase without much fluctuation compared to yesterday's trading session, currently trading around $1947. It is expected that the price of Gold will continue to rise to $1980, with a slight downward adjustment in the near future to around $1930, reaching the limit of the price channel starting at a low of $1855.
What are your thoughts on the future price of Gold?
Gold - continue to increaseHello dear friends!
Today, the price of gold is fluctuating around $1,950 after retreating from its two-month high of $1,962 in early Thursday trading. The recovery of the precious metal is bolstered by increasing geopolitical tensions in the Middle East, which are driving safe haven flows.
In the short term, the 4-hour chart indicates a potential downward correction, with a expected retreat to the support level of $1,926 (where the 34 EMA is acting), although it also shows that the upward trend in XAU/USD is still intact.
Support levels: $1,938, $1,926, $1,912.
Resistance levels: $1,962, $1,978, $1,987.
Gold price today, in-depth long-term storyDear friends,
Currently, gold is experiencing a strong recovery trend as it surges by approximately $23 in just one day. It is expected that the price of gold will continue to rise to $1980, as gold benefits from the safe-haven flow caused by political tensions. Market expectations are shifting towards the view that there is no need for further interest rate hikes, as recent increases in US Treasury bond yields indicate a tighter monetary policy.
What are your thoughts on the future price of gold?
Gold - Continue to detect a new peak at a high priceHello dear friends!
The golden week has experienced a powerful surge as its price reached $1932.
Currently, in today's trading session, the downward trend continues, although there is a slight price correction at $1911.
With the potential to create a DOW from the chart, using Fibonacci retracement, the decline has reached the perfect level of 0.618, which is at $1907. Therefore, the anticipated price increase is being carried out, with expected highs of $1918, $1932, and finally $1973.
What do you think about the movement of gold? Leave your comments for Karina to know! Good luck!
USDJPY breaks out with a pennant patternHello dear friends, USDJPY continues to rise as predicted. However, this currency pair is currently experiencing a pause as it forms a flag pattern. It is currently trading at 149.53, not far from the highest level of 152.00 reached in 2022.
Regarding the market:
This currency pair is receiving support due to the recovery of the US Treasury yields after recent losses, which could strengthen the US Dollar (USD). As of Monday, the 10-year US Treasury bond yield stands at 4.65%, an increase of 1.0%.
The Bank of Japan (BoJ) is expected to intervene in the spot market to prevent the depreciation of the Japanese Yen (JPY). The central bank has adopted a more accommodative stance, weakening the attractiveness of JPY as a safe haven and providing support for the USD/JPY pair.
From an analytical perspective:
The price consolidation indicates the potential for a breakout at any time, with a target of 151.05.
GBPUSD increased briefly then decreasedHello dear friends,
GU has broken out of the downward channel with a breakthrough at 1.2260. It is currently trading at 1.2198, undergoing the second phase of short-term recovery. My next long-term target is at 1.2111, followed by 1.2036.
What are your thoughts?
GBPUSD decreased deeply, continuing the selling positionDear friends, The British Pound (GBP) has encountered buying pressure after the UK's Office for National Statistics (ONS) reported that inflation in September remained higher than expected. The GBP/USD pair may overcome difficulties as the stalled inflation report raises the possibility of further tightening of monetary policy by the Bank of England (BoE) in its November monetary policy meeting.
Currently, the GBP is still attempting to recover but is facing challenges as it approaches the resistance level at 1.223. The target for this downward movement is still highly regarded at 1.203. What are your thoughts on GBPUSD?
EURUSD received a selling positionDear friends, Currently, EURUSD is experiencing a long-term downward trend, with considerations regarding monetary policies for both the Fed and ECB potentially being of secondary importance. The risk for EUR/USD will continue to decrease if conflicts escalate or intensify.
Due to this reason, the selling position will continue to develop, with an expected further decrease at support levels of 1.0497 and 1.0454. What are your thoughts on EURUSD?
EURUSD:not enough motivation to increase again!Hello Traders!
Today, the EUR/USD pair continues to struggle to find any significant upward momentum and remains within a narrow range below the 1.0500 level throughout the trading session. The fundamental backdrop seems to favor a bearish bias as the USD remains strong.
With the narrowing price range on the chart analysis and continued support from the EMA and RSI indicators, the downtrend is expected to continue. We anticipate a price range between 1.0572 and 1.0400 for further downward movements.
Gold continued to increase in the second half of the weekHello dear friends! Gold in today's trading session, the price fluctuated slightly around $1939 as predicted yesterday.
Despite the decrease in gold, the gold market will continue to attract safe haven flows due to the Israel - Hamas conflict.
Regarding expectations:
- Gold will fluctuate within the range of $1,900 per ounce until there is a ceasefire or a decrease in conflict.
- Strong demand from India may boost the upward momentum of gold. The decline in gold prices in terms of rupees could be a catalyst for higher demand in India during the upcoming festival season.
In the near future:
- Currently, we need to wait for the speech by the Chairman of the Federal Reserve, Powell, on Thursday to get more clues about the monetary policy roadmap of the US Central Bank after the recent dovish remarks from some Fed officials.
- If there are signs that the Fed is nearing the end of this rate hiking cycle, it will be good for gold, even if we don't see any rate cuts anytime soon.
On the technical side:
Gold continues to maintain an upward trend channel, thus attracting some buying pressure with an expected increase to $1960.
Gold increases as uncertain, need to check again!Hello traders!
Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading.
It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
EURUSD: Maintains position near 1.0570Hello traders,
I still believe that a sustainable increase in the EUR/USD is too early, due to the advantage of a strong (and rising) USD exchange rate.
Currently, considerations regarding monetary policy for the Fed and ECB may only have secondary importance.
The risk for the EUR/USD will continue to decrease if conflicts intensify or escalate.
Resistance levels: 1.631; 1.058
Support levels: 1.050; 1.046
Gold price is sustainable developmentHello traders!
Today, we continue to see a positive trend for gold as it continues to move upwards after receiving favorable news from the market yesterday. The price has made a new breakthrough, jumping from $1913 to $1938 in early trading today.
From the observation of the chart, we can see that gold has broken the downward trend with a breakthrough at $1913. With the tense situation in the Middle East, gold is still seen as a safe haven by investors. Therefore, the target for further price increase is strengthened, aiming for two important long-term levels at $1980 and $2050, as shown in the chart above.
Gold hits fresh monthly highs above $1,940Hello dear friends!
The price of gold is consolidating its strong upward trend, reaching a new monthly high of $1,940 at the start of Wednesday. Increasing political tensions between Israel and Hamas, along with positive economic data from China, have boosted the demand for the precious metal.
The next resistance level can be seen at the highest point on September 20th, which is $1,947, above which the highest point on September 1st, $1,953, will be tested.
Sustained upward momentum beyond this level could propel a new upward trend towards the range of $1,970 - $1980. Further south, the previous day’s low of $1,912 will be on Gold sellers’ radars.
USD/CAD: There is some room for a rebound in the near termHello dear friends!
Currently, USDCAD is trading around the price level of 1.363, showing consolidation.
From the technical analysis chart, it can be observed that the price range is gradually narrowing and is close to the area of EMA 34. There is a high possibility of an upward price movement if USDCAD breaks out of the current trend and continues to increase towards the target of 1.368 and even higher at 1.378.
What about you? Do you agree with this viewpoint?
Gold continues to grow according to the goal of 1970 USDHello dear friends, So today we are once again witnessing the shining performance of gold as the precious metal continues its upward journey of development.
At the time of writing, gold is trading at $1948, with a total increase of $25 in the day and +1.33%.
From the analysis chart, it can be seen that gold is rising in price and has now reached the upper limit of the Bollinger Band range, so there may be a slight downward movement in the short term, expected to find support at $1925. Karina still highly values long-term increases and aims for $1970.
What do you think about the price of gold this week?