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AUDUSD analysis 02.11.2023

 Fundamental Analysis:The EUR/USD pair exhibits signs of bearish momentum, as underscored by a number of technical and fundamental indicators. The Relative Strength Index (RSI) stands at 45.15, approaching the oversold territory but not quite there yet, suggesting there might be more room for downward movement. The Ichimoku Cloud has turned red, which typically indicates a bearish trend. Furthermore, the price candles are currently inside this cloud, suggesting a period of...

November 2, 2023By Forex News0 CommentsRead more...
EUR

EURJPY analysis 1.11.2023

 Fundamental Analysis:The EUR/USD pair exhibits signs of bearish momentum, as underscored by a number of technical and fundamental indicators. The Relative Strength Index (RSI) stands at 45.15, approaching the oversold territory but not quite there yet, suggesting there might be more room for downward movement. The Ichimoku Cloud has turned red, which typically indicates a bearish trend. Furthermore, the price candles are currently inside this cloud, suggesting a period of...

November 1, 2023By Forex News0 CommentsRead more...
50 EUR

EURJPY analysis for 31.10.2023

The EURJPY 4H chart shows signs of market consolidation within the Bollinger Bands. The currency pair has been oscillating between the upper and lower bands, indicating periods of volatility followed by stabilization. Notably, the Parabolic SAR dots, initially above the price candles suggesting a bearish trend, have recently moved below them, hinting at a possible bullish reversal. However, the proximity of the price candles to the middle Bollinger Band indicates...

October 31, 2023By Forex News0 CommentsRead more...
CAd

AUDCAD analysis for 27.10.2023

The AUD/CAD pair currently displays a notable configuration in its technical indicators. In the MACD indicator, both the signal line and the MACD line are positioned above the histogram, indicating bullish momentum. Additionally, the histogram bars are in green, reinforcing the bullish sentiment. However, the signal line cutting the MACD line downward suggests a potential weakening of this momentum. In the Moving Averages (MA), the MA line is positioned below...

October 27, 2023By Forex News0 CommentsRead more...
NZD

NZDUSD analysis for 26.10.2023

The NZDUSD 4H chart illustrates the interaction of the Ichimoku, Bollinger Bands, and MACD indicators. The price movement below the Ichimoku cloud indicates a prevailing bearish trend. This is further supported as the price frequently tests the lower Bollinger Band. The MACD histogram, situated mainly below the zero line, emphasizes the bearish momentum. However, the nearing of the MACD and its signal linesuggests potential consolidation or a forthcoming change in...

October 26, 2023By Forex News0 CommentsRead more...
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 News0 CommentsRead 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 News0 CommentsRead 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 News0 CommentsRead 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 News0 CommentsRead 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 News0 CommentsRead more...