Author - admin_fx20

GBP

GBPUSD analysis for 25.10.2023

The GBPUSD chart exhibits signs of upward momentum. The price has recently bounced off the lower Bollinger Band and is progressing toward the upper band, indicating a potential bullish trend. Moreover, the MACD demonstrates a bullish crossover, with the MACD line surpassing the signal line, reinforcing the upward momentum. The histogram turning positive further supports this bullish sentiment. Traders should monitor for potential resistance at the upper Bollinger Band. • There...

October 25, 2023By Forex NewsRead more...

EURUSD analysis for 24.10.2023

The EURUSD currency pair is exhibiting a descending channel formation, emphasizing a bearish momentum in recent times. The price action within this channel shows that the pair has repeatedly tested the lower boundary, suggesting robust support levels. Furthermore, as we approach the current date, the price seems to be making a modest recovery, inching towards the midpoint of the channel. The RSI, our chosen technical indicator, has been fluctuating mostly...

October 24, 2023By Forex NewsRead more...

Gold analysis for 23.10.2023

The gold price chart exhibits signs of a bullish momentum in the recent past but shows potential signs of consolidation or a slight pullback. The price is currently trading above both the Bollinger Bands' middle line (SMA) and the upper band, indicating a strong uptrend. The previous bullish trend is further reinforced by the series of green candles leading to the current price point. However, in the recent candles, we...

October 23, 2023By Forex NewsRead more...

EURJPY analysis for 18.10.2023

The EURJPY has been displaying bullish indications, notably through the Ichimoku Kinko Hyo indicator where the last cloud (Kumo) is green, signifying a potential uptrend. The price candles residing above the cloud further underscore this bullish sentiment. Additionally, the conversion line (Tenkan-sen) is positioned above the base line (Kijun-sen) and aligns with the candles, suggesting short-term buying pressure. However, the Relative Strength Index (RSI) stands at 49, indicating a neutral...

October 18, 2023By Forex NewsRead more...

ETHUSD analysis for 16.10.2023

The 4-hour chart for ETHUSD suggests a possible shift in momentum. The RSI at 50.36, marginally above its RSI-Based MA of 45.40, depicts a market that's neither overbought nor oversold, indicating potential stability. Notably, the MACD line at -3.3 moving above the Signal line at -6.4, combined with a positive histogram value of 3.1, implies an increasing bullish momentum. Although these MACD values are in the negative range, the crossover...

October 16, 2023By Forex NewsRead more...

SILVER analysis for 13.10.2023

On the 4h chart for Silver, the Parabolic SAR has marked three consecutive points above the price, hinting at a potential downtrend. The MACD confirms this bearish sentiment, with its line at 0.091 crossing below the signal line at 0.125. The Histogram further corroborates this with a drop to -0.034. Silver's current price, sitting at 21.875, is proximate to the Fibonacci retracement level of 0.618 priced at 21.829. The next...

October 13, 2023By Forex NewsRead more...

EURUSD analysis for 11.10.2023

On the EURUSD 4H timeframe, the MACD line being above the signal line suggests bullish momentum. Additionally, a price nearing the upper Bollinger Band can indicate the currency pair is overbought. Together, these could imply a potential upward trend exhaustion or a short-term pullback. However, traders should be cautious, as the Bollinger Band touch alone doesn't guarantee a reversal. Confirming this with other indicators or price patterns is advisable.• There...

October 10, 2023By Forex NewsRead more...

EURUSD analysis for 06.10.2023

Based on the 4-hour chart for EURUSD, the currency pair is trading near the upper Bollinger band at 1.05426, indicating potential overbought conditions. This is further emphasized by the proximity to the upper band level of 1.05586. The MACD line, currently at 0.00016, has recently made a bullish crossover above its signal line positioned at -0.00070, suggesting an upward momentum. The histogram's value of 0.00087 confirms this bullish momentum. Meanwhile,...

October 6, 2023By Forex NewsRead more...
metatrader 4

Important: Server Name Change for MT4 Users

Dear Valued Clients, We hope this message finds you well. We would like to inform you of an important update regarding our trading platform's server name. In our continuous efforts to enhance our services and improve your trading experience, Please kindly be informed that our server name is going to be changed from "FXGlory" to "GloryGroup" on October 7, 2023. Why the Change? This server name change is part of our...

October 5, 2023By Fxglory NewsRead more...

EURNZD Analysis for 04.10.2023

The EURNZD currency pair presents a detailed technical outlook. Having transitioned from a bearish to a bullish trend, this shift is distinctly marked by the ascending MACD bars. A pivotal highlight is the pair's recent change in trajectory, emphasizing the significance of monitoring the Fibonacci retracement levels. Moreover, the MACD's confirmation of the bullish trend suggests a strengthened momentum. Traders should, therefore, exercise care, watching price behaviors and being alert...

October 4, 2023By Forex NewsRead more...