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NZDUSD after creating 2 peaks, short-term setupHello traders. What do you think about NZDUSD? Currently, the market is not much volatile as it is trading around the 0.595 price level after facing significant selling pressure near the 0.6000 psychological resistance level. Now looking at the technical picture on the 4-hour timeframe, we can see that yesterday the pair formed a double top candle. Expect this pair to drop to at least the specified level then rise back to the specified level.
Short
by AlselvSignals
2
GBPUSD continues its downtrendHello dear traders! What do you think about GBP/USD? Today, GBPUSD continued its losing streak reaching its lowest level in many months. Currently, the price is trading at 1.2265 and still shows no signs of exiting the downtrend. On the other hand, UK economic data is weakening so the path of least resistance for the pair right now is bearish. 1.2240 is considered the immediate support for this pair. A close below that level on the 1D chart could open the door to further declines towards 1.217 and 1.205. In the short term it is expected to fall to at least the indicated level after retracing to the breached level.
Short
by AlselvSignals
What does the gold price at the beginning of the week promise?The world gold price is trading at 1,924 USD/ounce, down slightly by 1 USD/ounce compared to last week's closing session. Gold price is currently still trying to stay above 1,920 USD. After being surrounded by a lot of pressure, the precious metal price still maintains a stable price, helping to strengthen investors' confidence in a safe haven asset. Gold prices remain confined below key support-resistance at $1,926. However, in the long term, it is believed that gold prices may increase due to “market overreaction to the Fed; Inflation has not ended and the economy is on the brink of recession, which will be a favorable environment for gold."
OANDA:XAUUSD
by AlselvSignals
GBP/USD continues its multi-month downtrendToday, the GBP/USD exchange rate continues to weaken near its lowest level in many months, trading around 1,219. GU is close to its highest level since the beginning of the year, amid a hawkish Fed outlook and rising US bond yields. Last week's surprise BoE pause continued to weigh on GBP and put further pressure on the currency. Looking at the 1D timeframe, we can see that GBPUSD has dropped to support compared to previous months. However, given that the downtrend has not stopped, it is expected that the pair will fall to the designated level of 1,201.
Short
by AlselvSignals
2
BANKNIFTY INTRADAY PREDICTED LEVELS FOR 26 SEP 2023Bank Nifty Predictions for Intraday Players, these levels are only valid for one single day, which is 26th Sep 2023, and only for the educational purpose only. I have marked all the levels on the upside and downside on the Intraday Charts, which anyone can see easily. Bull Zone Means Buying Above Once Any 5 Min Candle Give Closure Above that Level and Bear Zone Means Selling Only, If Any 5 Min Candle Get Closed Below Bear Zone. All the predictions are only for testing purposes, and for paper trading only. Disclaimer : Please consult with your financial advisor before taking any real trade in the live market.
NSE:BANKNIFTY1!
by MarkitVUE
Expect gold this weekHello dear friends. What do you think about Gold? After the opening price at the beginning of the week, we witnessed a slight decrease in Gold, from 1925 USD to 1923 USD. Gold continues to trade in a neutral range as the Federal Reserve kept interest rates unchanged in its September monetary policy meeting. Technically: A drop is expected at least to the next Critical Support level which is anticipated at $1900 after a retracement to the broken level and then a rise to the prescribed level.
OANDA:XAUUSDLong
by AlselvSignals
How does gold fluctuate after news from the FED?Gold today traded stably around 1927 USD. Yesterday's news update: As you may have noticed, after the Federal Reserve (Fed) announced news about gold interest rates there was a strong reaction and spiked to a high of 1945 USD. However, when the Fed decided to keep interest rates unchanged at 5.25% to 5.50%, gold quickly returned to a lower price of 1927 USD. Looking at the technical picture we can see that Gold is in an uptrend after receiving support from the low of $1901. Given that Gold's main trend line is still intact, the possibility of Gold increasing is quite high. If the Fed reduces interest rates in the near future, Gold will likely break the resistance level of 1950 USD.
OANDA:XAUUSDLong
by AlselvSignals
What should EUR/USD pay attention to?The fundamental and technical outlook for the EUR/USD currency pair is mixed. The US economy is performing better than the Eurozone economy, but the Fed is also predicted to raise interest rates more aggressively than the ECB. This could cause EUR/USD to weaken in the coming months. Technical analysis The price is in a minor correction uptrend, as marked in the chart. Don't get carried away by this and remember that the market is unpredictable, but for now I would mark this as LONG, for a short period of time. BUT! On the H4 chart and on the D1 chart, the EUR/USD currency pair is also trading in a downtrend.
by AlselvSignals
Gold price finds new peak in ascending trendGold prices were a bit volatile today attracting some buying pressure for the third straight day on Monday and are slowly rising towards the $1938 level. XAU/USD is now looking to build on the recent decent recovery from around $1,900. Looking at the 4-hour golden frame, the downtrend line has been crossed, clearly showing signs of a change in sentiment, causing us to set our target at a higher level. Gold's next targets will be 1938, 1945 and ultimately 1950 USD.
OANDA:XAUUSD
by AlselvSignals