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USDJPY Bullish Outlook?Conan, hello everyone! After a long period of decline, USDJPY has ended the trading day with a gain, currently trading at 143.85. It can be seen on almost all timeframes that UJ is making significant gains, indicating a very positive outlook for price growth. With UJ continuing to trade steadily at this high level, it is likely that the 142.80 price level will be retested in the near future, forming a trend line and using it as a strong support level for further increases. The current expected price level is 144.00 and then 147.00.
Long
by ConanTradingFX
EUR/USD: Waiting for a Decisive MoveThe current chart shows that EUR/USD is hovering around a key area, which could be a turning point for the pair's next trend. With the current price near the 34 EMA and 89 EMA, this is a key support area that if held could provide momentum for a new rally. The price is currently centered around 1.11839, just below the short-term resistance level, which shows some hesitation on the part of investors, waiting for further signals from the market or economic news that could affect the pair. A breakout above this level could demonstrate the strength of the uptrend and open the way for a higher target at 1.12200. Meanwhile, the support area with a lower limit is at 1.11000. A drop below this level could lead to a deeper bearish move, with the next target likely being 1.10022.
by Naoomi
Gold Sweeps New Highs After Fed Rate CutThe 4-hour chart for gold (XAU/USD) is currently showing a clear uptrend, with the price hitting a recent high of $2,625.445 per ounce before showing signs of a slight pullback. Notably, gold has broken above both the 34-day exponential moving average (EMA) and the 89-day EMA, indicating the strength of the uptrend. The recent price increase can be linked to the latest decision by the US Federal Reserve to cut interest rates by 0.5%, a move that is intended to stimulate the economy but has boosted safe-haven assets like gold. The market is reacting positively to the changes in monetary policy, and gold, as a safe-haven option, is expected to continue to rise in price amid the current uncertainty. For traders, the next resistance level to watch would be around $2,630. If gold breaks above this level, it could look for higher profit targets (TP) at $2,650 and possibly as high as $2,700, depending on market momentum and upcoming economic data. A stop loss (SL) is recommended at $2,580 to protect profits and minimize risk in case of a sudden price correction in the market.
OANDA:XAUUSD
by Naoomi
XAUUSD H4 Analysis - Details with Market LevelsPair Name = Gold Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Details :- Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2615 Gold Price level. EMA 5 is indicating the trend of the market. EMA Cross over can range between 2590 to 2593. This kind market allow us to buy the dip and cash another next trend move. Strongest retesting zone exists between the price level 2580 to 2585 price level. EMA 5 Crossing levels:- 2590 To 2593 Retracement Zone:- 2580 To 2585 Bullish Gold Levels:- 2615 2638 Bearish Gold Levels:- 2580 2564 2556 2545 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX
Stable Weekend Session: Gold Set for Breakout Next Week?The current chart shows gold trading near key resistance with a steady uptrend. The market closed the weekend session without much sudden movement, reflecting stability following the Fed’s 50bp rate cut. This stability could extend into early next week, as the market continues to assess the long-term impact of monetary policy measures and macroeconomic developments. With the current price near $2,589, gold could test the resistance at $2,599 and, if successful, could continue to rise. Pay attention to the early trading session next week, if gold maintains its strong growth momentum and there are no negative signals from the market, the next target could be $2,650.
OANDA:XAUUSD
by Naoomi
Gold prices trade near historic highsGold prices hovered near the all-time high reached earlier this week amid a weaker USD and expectations of further Fed rate cuts. Moreover, concerns about economic slowdown in the US and China further supported the safe-haven asset XAU/USD. On the technical chart, XAU/USD is on track to retest recent highs and even extend gains, despite the positive market sentiment, as investors shed the USD. In addition, technical indicators have extended their advances into positive levels, albeit with limited upside strength as the XAU/USD pair develops below its recent highs. Given the current situation, do you expect a long-term bullish wave?
OANDA:XAUUSDLong
by BB_TradingFX
EURGBP Will Go Higher From Support! Long! Please, check our technical outlook for EURGBP. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.841. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.843 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
USDJPY: New High Set?Hello wonderful friends! USDJPY has struggled to conquer the recent gains at 144.00g. However, its upside momentum was limited after weak data released yesterday weakened the USD and affected the upcoming outlook of the major currency, as can be seen from the 143.50 setup on the 2-hour chart. On the technical chart, although the uptrend remains supported and the parallel price channel has been broken, the special thing is that there are signs of a potential top forming at 143.95. My strategy for today is Sell and we should see USDJPY reaching at least 142.00 again, which would be in line with the timing of the EMA test. What do you think about this?
Short
by BB_TradingFX
XAUUSD H4 Analysis - Bullish - Next target 2650Pair Name = Gold Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Details :- Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2565 Gold Price level and 2580 Gold Price level. EMA 5 is indicating the trend of the market. EMA Crossed over done between 2564 to 2568. That indicates the Bullish move. This kind of market allow us to buy the dip and cash another next trend move. Strongest retesting zone hit. The price level 2545 to 2556 price level. EMA 5 Crossing levels:- 2564 To 2568 Retracement Zone:- 2545 To 2555 Bullish Gold Levels:- 2590 2615 2638 Bearish Gold Levels:- 2564 2556 2545 2530 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move. Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX
Fed Pressure Pushing Prices Up?On the 4-hour chart of gold, we see that the price of gold has pulled back slightly from recent highs, but is still maintaining a positive uptrend above two exponential moving averages (EMAs), the 34 and 89. The 34 EMA, shown in blue, is above the 89 EMA in purple, indicating that the short-term uptrend is still intact. However, it is worth noting that the current slight decline has brought the price closer to the 34 EMA, which could be a key test to determine whether the uptrend is continuing. If the price of gold closes below the 34 EMA, it could be a sign of a deeper downside correction, while holding above this line could confirm that the uptrend is still in effect. Additionally, investors should keep a close eye on trading volume along with key support and resistance levels. Currently, the immediate resistance is at the recent high of around $2,580, and a breakout above this level could send the price higher. The key support level to watch is around $2,540, the low of recent days.
OANDA:XAUUSD
by Naoomi