Early in the American session, Gold (XAU/USD) is trading around 1,996.66, retreating after the instrument reached the 21 SMA located at 2,001.20. We…
Showing posts with the label 2023Show all
Technical analysis on NZDUSD for April 4th, 2023.
Black line- resistance Blue line -support trend line Yellow rectangles- higher lows NZDUSD is trading around 0.6271 after making a new higher hig…
Trading Signal for USD/JPY for March 28 - 29, 2023: sell below 131.25 (4/8 Murray - bearish channel)
Early in the US session, the Japanese Yen is trading around 131.01, making a retracement after reaching a high of around 131.28, the level which coi…
Early in the American session, Gold (XAU/USD) is trading around 1,952.26, above the 200 EMA, and below the 21 SMA located at 1,973. Since the openin…
Bitcoin analysis for March 27th, 2023.
Blue lines- bearish RSI divergence Red lines- trading range Bitcoin is trading around $27,300. Over the last couple of sessions price has made no …
Ichimoku cloud indicator analysis on Gold for March 21st, 2023.
Gold price is trading around $1,950. Trend remains bullish but there are signs of vulnerability. Gold price has broken below the tenkan-sen (red lin…
Technical analysis on Gold for March 20th, 2023.
Red lines- bullish channel Gold price is trading around $1,969. After briefly reaching as high as $2,009 Gold price has started to turn around. Pri…
Ichimoku cloud indicator analysis on EURUSD for March 17th, 2023.
EURUSD is trading around 1.0645 as price is bouncing off the recent lows at 1.0517. Price remains in bearish trend according to the Ichimoku cloud i…
Ichimoku cloud indicator analysis on Gold for February 23rd, 2023.
Gold price is making new lower lows today towards $1,817. Short-term trend remains bearish as price is still below the 4 hour Kumo (cloud). Both the…
Ichimoku cloud indicator analysis on Oil for February 17th, 2023.
Oil price is trading around $76 and is very close to providing a new bearish signal. Price was trading inside the Kumo (cloud) for the last 8 sessio…
Early in the American session, GOLD (XAU/USD) is trading around 1,837 above the 21 SMA. The metal is showing some strength, but there is bearish pre…
USDJPY under pressure before FOMC, on February 1st, 2023.
Red lines- bearish channel Blue line- support trend line USDJPY remains technically in a bearish trend as price is still inside the medium-term do…
Early in the American session, the British pound is trading around 1.2373 below the 21 SMA and within the downtrend channel formed since January 9. …
Ichimoku cloud indicator analysis on Gold for January 24th, 2023.
Gold price remains in a short-term bullish trend as price continues trading above the 4 hour Kumo (cloud). Support by the cloud is at $1,906. As lon…
Short-term technical analysis on EURUSD for January 23rd, 2023.
Red lines- bullish channel Blue lines- bearish RSI divergence EURUSD is making new multi month highs above 1.09.The week started on a positive not…
Ichimoku cloud indicator analysis on Gold for January 20th, 2023.
Gold price is trading around $1,927. Price continues to respect the cloud support and remains in a bullish trend in the 4 hour chart. Support by the…
Ichimoku cloud indicator analysis on EURUSD for January 20th, 2023.
EURUSD is trading around 1.0838. Price tested the 4 hour Kumo (cloud) and support was held. Price is bouncing off the cloud support and is breaking …
Technical analysis on the Dollar index for January 20th, 2023.
Violet lines- Fibonacci retracements Black line- bullish RSI divergence The Dollar index is trading around 102. Price has stopped the decline at t…
Weekly analysis on the stock price of Ford Motors for week ending January 20th, 2023.
Blue line- resistance Red line -support In our previous posts on Ford stock price we have succeeded in forecasting the decline towards $11 after t…
Short-term technical analysis on Gold for January 19th, 2023.
Red line- support trend line Violet lines- Fibonacci retracement levels Gold price is in a short-term bullish trend making higher highs and higher…
