Technical Analysis

On Friday, gold prices experienced a notable uptick, embarking on a rally that defied the initial bearish indicators from the previous day’s trading session. The introduction of the Hanging Man candlestick pattern on Thursday seemed to hint at potential downward momentum. However, fresh gains of approximately 1% were observed, propelling the precious metal closer to
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In a notable shift, the US dollar has faced a significant decline against its major counterparts, dropping nearly 2% to 107.1 within the past week before slightly rebounding. This downward movement reflects broader market sentiments, particularly fueled by evolving expectations surrounding the Federal Reserve’s (Fed) monetary policy. Early January forecasts anticipated a mere 30% probability
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Following Donald Trump’s inauguration, the global currency markets exhibited a notable response, particularly with the U.S. dollar. Early trading reflected a slight retreat as the dollar shifted away from its recent highs, experiencing a correction that has left it hovering around critical support levels. Despite this minor setback, there remains a lack of definitive signals
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The EUR/USD currency pair has recently demonstrated a notable upward momentum, initially establishing a foothold above the significant resistance level of 1.0350. Following a period of consolidation, this resurgence indicates increased buying interest in the Euro. The pair appeared to find solid support in the lower 1.0360 region, which facilitated a recovery wave. The hourly
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The financial markets are often exuberant and unpredictable, characterized by oscillating trends that can spell the difference between profits and losses for traders. In the case of NASDAQ E-Mini Futures (NQ), a significant bullish sequence appears to have emerged following the lows recorded in October 2022. However, as we enter a potential phase of market
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Japan’s financial sphere is experiencing notable shifts, particularly in the context of the Bank of Japan’s (BoJ) upcoming monetary policy meeting. As we edge closer to January 24, 2025, anticipation grows surrounding the potential hike in interest rates, with forecasts suggesting an increase of 25 basis points that would elevate short-term rates to 0.50%. This
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Bitcoin (BTCUSD) has shown remarkable resilience as it continues to rise for the fourth consecutive day, setting its sights on breaking through the significant psychological threshold of 100K. This barrier, reinforced by technical indicators such as the daily Ichimoku cloud and a downward trendline from its all-time highs, suggests a significant moment for cryptocurrency traders.
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As of Thursday morning, the EUR/USD exchange rate has stabilized near 1.0285 after a tumultuous trading session the previous night. This slight recovery hints at a delicate balance in the forex market, where traders continuously assess macroeconomic data and geopolitical influences. The fluctuations observed in this currency pair reflect broader market sentiments influenced by significant
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