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XAUUSD, “Gold vs US Dollar” Gold has formed an Engulfing reversal pattern near the resistance level. Currently, the quotes are going by the reversal signal in a descending wave. The decline target might be 1830.00. Upon testing the support level, the price could rebound from it and form an ascending wave. However, the quotes might […]

Gold Prices Break Lows Gold prices have come under fresh, heavy selling pressure on Monday as traders continue to digest the latest outlook from the Fed. With rates now pegged to rise further while also staying at higher levels for longer, the USD outlook has shifted higher. With yields rising, gold prices have seen a […]

The dollar has resumed its rally after a pullback to the 105.50 area in the second half of last week amid a bullish retracement in the stock market, largely driven by profit-taking actions. The dollar index crossed the 106.50 mark on Monday. From a technical analysis perspective, the primary setup for DXY right now is […]

The BTC exchange rate on Monday climbed to 28,088 USD. The market has achieved all resistance levels outlined earlier. It is now essential to consolidate above 28,250 USD. A notable resistance level is at 28,500 USD, with a more ambitious upward target set at 30,000 USD. BTC saw an increase of 3.94% in September despite […]

The Japanese yen, paired with the US dollar, continues its decline. The current USDJPY exchange rate is 149.79. The primary reason for the weakening of the JPY exchange rate is the global difference in interest rates between the US Federal Reserve and the Bank of Japan. At the same time, the Japanese economy appears to […]

TitleUSDJPY H4 | Falling to support level? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 149.729, which serves as a swing-high resistance level. A reversal from this point could lead the price to drop to the 1st support at 148.864, an overlap support level Alternative scenario:However, if the price breaks above the […]