Category: Technial Analysis
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1990.00. After testing the support, the price could rebound from it and continue the uptrend. However, the quotes […]
TitleXAUUSD H4 | Breakout 1st resistance TypeBearish Reversal Preference:Price is currently at our pivot point of 2025.84, which is a swing high resistance. However, given the current bullish momentum, it is possible that price could break above this level and rise towards the 1st resistance at 2054.152 Alternative scenario:However, in case of a reversal, price […]
Daily Technical Trade Setups For DXY, EURUSD & GBPUSD To access today’s actionable analysis click here! Source: Tickmill
EURUSD on Wednesday remains strong. The current quotes is 1.0950. The statistics yesterday turned out mixed. The PPI in the Euro zone in February dropped by 0.5% m/m, as expected. A month before, this index had dropped by 2.8%. The situation looks logical because we have already had several signals about a slowdown in inflation […]
TitleDER30EUR H4 | Pullback in DAX towards pivot TypeBullish Bounce Preference:Price is pulling back to our pivot level of 15460.72 and potentially bounce from here, we could see momentum carry price up to its 1st resistance of 15716.11. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 15259.39. To […]
TitleNZDUSD H4 | Strong push towards pivot TypeBearish Reversal Preference:Price is approaching our pivot level of 0.63916 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.62704. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 0.64155. To discuss this trading […]
The BTC in the middle of the week did grow to 28,532 USD. The resistance level of 28,650 USD, which is so important for the bulls, is really close now. If the crypto manages to break this level, the way to 29,000 USD and then to 35,000 USD will open. Investors are keeping an eye […]
The New Zealand dollar against the US dollar reacted positively to the actions of the RBNZ. The current NZDUSD quote is 0.6347. The Reserve Bank of New Zealand at its April meeting lifted the interest rate to 5.25% per annum from 4.75% previously. The forecast had suggested growth to 5.00%. It seems that the regulator […]
Please find below the trading schedule for the Easter holiday in the US and certain European jurisdictions. XGLOBAL would like to reassure clients that support will be available throughout the holiday period anytime the market is open. Clients should be aware that when trading around the holiday period abnormal volatility and wider spreads should be […]
FTSE 100 – Financials & Miners Lead The Way To A Seventh Day of Opening Gains The FTSE 100 continues to trade with an upbeat tone as the UK benchmark opened in the green for a seventh straight session, the early advance has faded to trade just below the flatline as London traders head for […]