Forex Forums  

Go Back   Forex Forums > Forex Forums > Forex Training

Reply
 
LinkBack Thread Tools Display Modes
  #221 (permalink)  
Old 04-30-2021, 07:49 AM
Senior Member
 
Join Date: Dec 2020
Location: Asia
Posts: 194
Default

Gold Price Remains At Risk, Oil Price Extends Rally



Gold price failed to clear the $1,800 resistance zone and started a fresh decline. Crude oil price is rising and it is showing a lot of positive signs above $64.50.

Important Takeaways for Gold and Oil
  • Gold price failed to clear the $1,790 and $1,800 resistance levels against the US Dollar.
  • There is a key bearish trend line forming with resistance near $1,788 on the hourly chart of gold.
  • Crude oil price climbed higher nicely and it even broke the $65.00 resistance zone.
  • There is a crucial bullish trend line forming with support near $64.30 on the hourly chart of XTI/USD.

Gold Price Technical Analysis



Earlier this week, gold price climbed higher above the $1,780 resistance against the US Dollar. However, it failed to clear the $1,790 and $1,800 resistance levels.

A high was formed near $1,789 on FXOpen before the price started a fresh decline. There was a break below the $1,780 and $1,765 support levels. The price even settled below the $1,780 level and the 50 hourly simple moving average.

A low was formed near $1,756 before the price recovered. It climbed above the $1,765 level. There was a break above the 23.6% Fib retracement level of the recent decline from the $1,789 high to $1,756 low.

However, the price failed to clear the $1,780 resistance and the 50 hourly simple moving average. It also struggled near the 50% Fib retracement level of the recent decline from the $1,789 high to $1,756 low.

Moreover, there is a key bearish trend line forming with resistance near $1,788 on the hourly chart of gold. The price must clear the $1,780 resistance and the trend line to start a strong increase in the coming sessions.

If not, there is a risk of another decline below the $1,760 level. The first key support is near the $1,755 and $1,750 levels. Any more losses might call for a test of the $1,720 support.

Read Full on FXOpen Company Blog...
__________________
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Reply With Quote
  #222 (permalink)  
Old 05-01-2021, 08:32 AM
Senior Member
 
Join Date: Apr 2021
Location: Portugal
Posts: 590
Send a message via ICQ to Thomasmam Send a message via AIM to Thomasmam Send a message via Yahoo to Thomasmam Send a message via Skype™ to Thomasmam
Default Hello my friend your blog is best 88887

viagra company https://viagraclub100.com/ homemade viagra
Reply With Quote
  #223 (permalink)  
Old 05-01-2021, 09:34 AM
Senior Member
 
Join Date: Apr 2021
Location: Portugal
Posts: 590
Send a message via ICQ to Thomasmam Send a message via AIM to Thomasmam Send a message via Yahoo to Thomasmam Send a message via Skype™ to Thomasmam
Default Hello my friend your blog is best 88887

buy admission essay z99jjv https://bestessaywritingservices100.com/ us essay writing service h18ejb
Reply With Quote
  #224 (permalink)  
Old 05-01-2021, 12:51 PM
Senior Member
 
Join Date: Apr 2021
Location: Portugal
Posts: 590
Send a message via ICQ to Thomasmam Send a message via AIM to Thomasmam Send a message via Yahoo to Thomasmam Send a message via Skype™ to Thomasmam
Default Hello my friend your blog is best 88887

custom law essay b410bc https://essaywritingserviceclub100.com/ essays about college education i51tbt
Reply With Quote
  #225 (permalink)  
Old 05-01-2021, 01:32 PM
Senior Member
 
Join Date: Apr 2021
Location: Portugal
Posts: 590
Send a message via ICQ to Thomasmam Send a message via AIM to Thomasmam Send a message via Yahoo to Thomasmam Send a message via Skype™ to Thomasmam
Default Hello my friend your blog is best 88887

best canadian pharmacy no preпЅ“пЅѓпЅ’пЅ‰пЅђпЅ”ion https://pharmacyclub100.com/> foreign pharmacy online
Reply With Quote
  #226 (permalink)  
Old 05-03-2021, 04:14 AM
Senior Member
 
Join Date: Dec 2020
Location: Asia
Posts: 194
Default

GBP/USD Turns Red, EUR/GBP Eyes More Upsides



GBP/USD failed to test 1.4000 and started a fresh decline. EUR/GBP is showing positive signs and it is trading nicely above the 0.8675 support zone.

Important Takeaways for GBP/USD and EUR/GBP
  • The British Pound topped near the 1.3975 zone and started a fresh decline.
  • There was a break below a key contracting triangle with support near 1.3885 on the hourly chart of GBP/USD.
  • EUR/GBP started a fresh increase and it settled above the 0.8650 pivot level.
  • There was a break above a major bearish trend line with resistance near 0.8695 on the hourly chart.

GBP/USD Technical Analysis



After a steady increase above the 1.3900 level, the British Pound faced sellers against the US Dollar. The GBP/USD pair failed to test the 1.4000 resistance zone and started a fresh decline.

A high was formed at 1.3976 on FXOpen before the pair declined. It broke the 1.3920 and 1.3900 support levels. There was also a break below a key contracting triangle with support near 1.3885 on the hourly chart of GBP/USD.

The pair settled well below the 1.3850 level and the 50 hourly simple moving average. It traded as low as 1.3801 and it is now attempting an upside correction.

An initial resistance on the upside is near the 1.3840 level. It is near the 23.6% Fib retracement level of the downward move from the 1.3976 high to 1.3801 low. The first major resistance is near the 1.3860 level.

The next major resistance is near the 1.3885 level. The 50% Fib retracement level of the downward move from the 1.3976 high to 1.3801 low is also near 1.3885. A successful close above 1.3850 and a follow up move above 1.3885 could open the doors for a move towards the 1.4000 resistance.

Conversely, there is a risk of a fresh decline towards the 1.3800 support level. The next major support is near the 1.3780 level. Any more losses could initiate a drop towards the 1.3720 support zone.

Read Full on FXOpen Company Blog...
__________________
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Reply With Quote
  #227 (permalink)  
Old 05-03-2021, 02:40 PM
Senior Member
 
Join Date: Dec 2020
Location: Asia
Posts: 194
Default

Weak Dollar Despite Strong U.S. Economic Performance



The U.S. economy grew at 6.4% in the first quarter of the year, and it is in line to exceed the pre-pandemic growth level. The good news goes even further, as the growth in the first quarter exceeds the previous quarters growth of 4.3%.

However, the U.S. dollar did not rise on the news. In fact, for the entire month of April, the dollar traded with an offered tone. For instance, with the exception of the last trading day of the month, the EURUSD moved only higher, from 1.17 to over 1.21 in less than thirty days.


Fed Keeps the Accommodative Measures

One day before the GDP release, the Federal Reserve of the United States (Fed) announced that it keeps the monetary policy accommodative despite the remarkable economic performance. As such, the Fed continues to buy $120 billion worth of assets every month, putting pressure on the dollar.

The households savings rate at the end of the first quarter was 21%, up from 13% in the last quarter of 2021. The uncertainty generated by the pandemic continues, as households keep stashing funds and postpone consumption.

However, the more people get a vaccine, the faster the U.S. economy will come back to normality. As such, the savings rate is expected to decline in the second quarter of the year, pushing the GDP even higher.


It all comes down to the stimulus checks received by households. As the chart above shows, the stimulus checks played an important role during the pandemic, but yet the U.S. consumer is not spending it entirely, as suggested by the high savings rate.

Moving forward, the trading month starts strongly with the Non-Farm Payrolls release scheduled next Friday. The market expects 975k new jobs to have been created in April and that the Unemployment Rate will decline to 5.7% from the previous 6%. However, the risk is that the data will be much better than expected, as suggested by the steady economic growth seen in the first quarter.

As for the dollar, at one point, it should start reflecting the economic reality. Moreover, if the NFP exceeds expectations, the Fed will have a hard time keeping its current monetary policy stance and will be forced to announce the tapering of its asset purchases sooner than expected.

FXOpen Blog
__________________
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Reply With Quote
  #228 (permalink)  
Old 05-04-2021, 10:54 AM
Senior Member
 
Join Date: Dec 2020
Location: Asia
Posts: 194
Default

BTC and XRP Retracement seen but further upside expected



BTC/USD

The price of Bitcoin has been on a decline from yesterdays high at $59,000 and has made a 6.69% decrease measured to its lowest point today at $55.084. Now it is sitting slightly higher but is again looking like its struggling to keep up the recovery.



On the hourly chart, you can see that the price of Bitcoin was on the rise since the 26th of April when an ascending triangle was made. Yesterday, we saw a breakout to the downside from the triangles support, which could imply that this ascending move ended as the five-wave increase. If this is true then the five-wave move was most likely a leading diagonal from the next impulsive move to the upside as the previous correction of the higher degree ended.

Now we could be seeing the 2nd sub-wave of the next move to the upside which would retrace the price of Bitcoin to around $53,000 area most optimally where the 0.5 Fibonacci level is. This Fib level is standing in the vicinity of the significant horizontal support at $53,300 which might hold the price, but we could see the price going further down to the $51,221 area where the next one is.

After this retracement ends, according to the primary count, we are to see further uptrend continuation and new highs for Bitcoin.

Read Full on FXOpen Company Blog...
__________________
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Reply With Quote
  #229 (permalink)  
Old 05-05-2021, 04:27 AM
Senior Member
 
Join Date: Dec 2020
Location: Asia
Posts: 194
Default

EUR/USD is Facing Hurdles, USD/JPY Remains Elevated



EUR/USD failed to stay above the 1.2100 zone and corrected lower. USD/JPY is trading in a positive zone above 109.00 and it is now approaching a major breakout.

Important Takeaways for EUR/USD and USD/JPY
  • The Euro started a fresh decline from well above the 1.2100 pivot level.
  • There is a key bearish trend line forming with resistance near 1.2040 on the hourly chart of EUR/USD.
  • USD/JPY started a decent increase above the 108.50 and 109.00 resistance levels.
  • There is a major breakout pattern forming with resistance near 109.38 on the hourly chart.

EUR/USD Technical Analysis

After a spike above the 1.2125 level, the Euro faced a fresh round of selling against the US Dollar. As a result, the EUR/USD pair started a fresh decline below the 1.2100 pivot level.

The pair broke a few key supports near 1.2080 and 1.2050. It even spiked below the 1.2000 level and settled well below the 50 hourly simple moving average. A low is formed near 1.1999 on FXOpen and the pair is correcting higher.



There was a break above the 23.6% Fib retracement level of the recent decline from the 1.2075 high to 1.1999 low. The first major resistance on the upside is near the 1.2035 level.

There is also a key bearish trend line forming with resistance near 1.2040 on the hourly chart of EUR/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the 1.2075 high to 1.1999 low.

The 50 hourly simple moving average is also near the 1.2035 zone to act as a hurdle. If there is an upside break above the 50 hourly simple moving average and the trend line, the pair could rise further towards the 1.2100 pivot level.

If not, there is a risk of more downsides below 1.2010. The main support is near 1.2000. A close below 1.2000 could open the doors for a move towards the 1.1920 support.

Read Full on FXOpen Company Blog...
__________________
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Reply With Quote
  #230 (permalink)  
Old 05-05-2021, 07:46 PM
Senior Member
 
Join Date: Mar 2021
Posts: 878
Default pharmacie de garde gracieux autres la redoute pharmacie tz5

Visit Secure Drugstore >> Click Here! <<





Visit Secure Drugstore >> Click Here! <<















achat
dosage en ligne achat https://www.isope.org/forums/topic/o...mg-prix-maroc/ dans la pharmacie pharmacie en ligne en schweiz
Acheter En ligne
interactions mdicamenteuses pharmacie sens ordonnance https://forum.franshiza.community/to...ex-luxembourg/ pharmacie gracieux autres
Acheter
haute qualit pharmacie acheter https://forum.franshiza.community/to...lexa-belgique/ sans ordonnance generique pharmacie en france
vente
en ligne sr emplette https://forum.franshiza.community/to...mg-prix-maroc/ du canada pilule pharmacie acheter
Remise
Obtenez
comment et quand utiliser beau prix meubles pharmacie https://forum.franshiza.community/to...gl-luxembourg/ original en ligne sans ordonnance pilule vallee d aoste
Acheter pas cher Acheter
Pas cher en ligne prescrire medicament https://stop-violence.net/ar/forums/...mectin-remise/ Result: "drBest"; ; nofollow; - "https://stop-violence.net/ar/forums/forum/%d9%85%d9%86%d8%aa%d8%af%d9%89-%d8%a7%d9%84%d8%b9%d9%86%d9%81-%d8%a7%d9%84%d9%85%d8%b3%d9%84%d8%b7-%d8%b6%d8%af-%d8%a7%d9%84%d8%a3%d8%b7%d9%81%d8%a7%d9%84/"; prix bas pharmacie gratuit comprime vallee d aoste
cots
sans ordonnance fonts ordonnance https://www.isope.org/forums/topic/a...ine-en-suisse/ gnrique en ligne australia rabais
Acheter pas cher
cot pharmacie a ??? compte https://forum.franshiza.community/to...donnance-lyon/ pas de prescription beau prix
Acheter pas cher

Achat Stromectol en ligne
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT. The time now is 04:11 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0 ©2007, Crawlability, Inc.