USD/JPY continues to shine at 148.86Currently, UJ continues to shine as it continuously maintains its upward momentum, reaching record highs in the past few months. The pair is currently trading at 148.79 and remains in an uptrend, continuously receiving support.
In particular, the Japanese government's intervention in the foreign exchange market to support the domestic currency along with lower risk levels will partly support the further appreciation of the Japanese Yen (JPY).
If it breaks through 149.00, it is likely to increase with the next level being 149.55.
Intradaytrade
USDJPY-news today decisiveLooking at the technical picture of USD/JPY we can see that the main trend of the current pair is up. And the recently recorded peak of 148.15 provides strong resistance against the price, waiting for a break of 148.80 to confirm the opening of the way for further upward movement towards the target. Our next major is 148.76.
The ascending channel is currently supporting the price below, enhancing the chances of an expected uptrend.
XAUUSD- Precious metals wait for new signals from the FedHello everyone, World gold prices are stable, spot gold decreased by 1.7 USD/ounce to 1,931.7 USD/ounce. Gold futures last traded at $1,953.40 per ounce, down $0.30 from the bright spot.
The precious metals market was quiet at the beginning of the week while waiting for information related to the US Federal Reserve's (Fed) monetary policy meeting. The debate will end on September 20 (USA) according to the Fed's decision and the report meeting of Fed Chairman Jerome Powell. Both bulls and bears expressed caution before considering the Fed's monetary policy in the near future.
Technical chart on the H4 time frame, we can see that gold has peaked at 1936 and has declined slightly. It is likely that gold will return to 1924 and find a new milestone in the uptrend at 1950.
Price prospects of XauGold price is still around $ 1,930 in the first trading hours of the European trading session on Thursday. Investors seem to be shifting their attention to the upcoming US data after deciding the recent policy interest rate of the US Federal Reserve (Fed).
From the technical perspective:
Gold is still in the main trend of increasing with strong support. Therefore, I predict a price recovery to increase towards resistance to 1950 USD.
Gold's next developmentsHello traders. What do you think about Gold? Currently gold is trading at 1927 USD. After receiving strong support at 1914 USD. Gold prices fell for the third straight day on Thursday. The drop comes as interest rates fall suggesting a significant decline may not be on the horizon at this point. However, in the short term, when gold reached the resistance level and quickly retreated to 1905 USD before any new developments appeared from positive information from the Fed in the near future. And it may return to the original target of the weekly high of 1947 USD/Troy Ounce (September 20).
Gold continues to find a bottom below 1910 USDHello dear traders, what do you think about Gold?
Currently, the gold market continues to decline after breaking the upward trend line at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading session.
It can be seen that the recovery of the US dollar is an important factor affecting this precious metal, causing its price to drop. On the 4-hour chart, gold is still searching for a new low price. We still maintain the view that the important support level to watch is $1910 per ounce.
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.
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.
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."
GBP/USD Price Analysis: Still on the defensive below 1.2400Hi everybody. Today, GBP/USD remains on the defensive below the 1.2400 mark during the first trading hours in Asia on Monday. The major pair is currently trading near 1.2390, up 0.06% on the day. Market participants prefer to wait on the sidelines ahead of this week's important event.
GBP/USD fights in a downtrendGBPUSD broke the low of 1.23081, coinciding with sell-side liquidity, making it a medium-term level for sellers' profit targets. Further declines below that are possible towards 1.21700. I would like to see sellers attack that near-term support level in the near term before we reach new targets.
GBPUSD tests the declineGBP/USD is testing daily lows near 1.2270 on upbeat retail sales data from the UK. It last traded at 1.2272, down 0.16% on the day.
Overall, we can see that the main trend for the pair so far is bearish, so the downside is that if that happens, it will likely reach 1.205 close to 1.2000.
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.
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.
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.
Gold increased slightly todayIn this morning's trading session, gold prices increased slightly, reaching 1929-1930 USD in the context of a slight decrease in the value of the USD. Meanwhile, the US Dollar Index (DXY), which measures volatility against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), fell 0.1% to 105.22. This has supported gold prices.
Sincerely thank everyone
EUR/USD bounces off 6-month lowAfter falling to a new several-month low, the Euro (EUR) is attempting to recover some of its losses against the US Dollar (USD), pushing EUR/USD back to the 1.0650 region at the open. European doors on Thursday.
Looking at the technical picture we can see that the pair still holds the support level at 1.0640. So in general, if this support level is not broken, we can consider buying.
Gold prices continue to retreat, waiting for opportunitiesHello dear traders. Do you have questions about Gold today? Currently, gold is showing signs of weakness and trading at lows below 1930 USD, in the context of a strengthening US dollar due to Fed decisions.
Gold still shows its decline as it still cannot overcome the strong resistance level of 1946 USD. Therefore, the possibility of a significant decrease may invite many sellers to join the market.
Looking ahead, NZD/USD is down in the short termNZD_USD price rebounded to retest the 0.5929 resistance level which is likely to break this resistance and test the 0.5932 , 0.5937 level
But this is a strong critical level
So I think there is a high possibility
We will see a bearish move in the short term
Analyzing USDJPY today, what should you note?Today, USD could rise further, but it is unlikely to threaten a significant biological boost at 148.86. To maintain the uptrend, USD needs to stay above 147.68.
BUT! The USD rose today with the DXY index around 105 points as Fed officials remained hawkish, which affected the USD/JPY pair.
The GBP/USD pair continues to maintain a downtrendThe GBP/USD pair maintained its sequential downtrend on Tuesday and remained confined below the 1.2400 level during the Asian session. Meanwhile, prices hit their lowest since June last week and a lack of buying power suggests the path of less resistance is now down.
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.