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Daily Look

Daily Look

GBP/USD Forecast: 1.3600 Level Holds, Upside Continuation

November 29, 2023 - by - Leave a Comment

The GBP/USD pair is bullish as long as it stays above the 61.8% retracement level. Stabilizing above the median line (ML) could announce potential upside continuation. Only a new lower …

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Daily Look

GBP/USD Forecast: 1.35 Level Failed To Stop The Sell-Off

November 29, 2023 - by - Leave a Comment

The GBP/USD pair could drop towards the 61.8% retracement level after dropping below the channel’s support. The lower median line (LML) of the ascending pitchfork stands as a major downside …

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Daily Look

GBP/USD Forecast: Downside Continuation, 1.34 Fails To Hold

November 29, 2023 - by - Leave a Comment

The GBP/USD pair maintains a bearish bias as long as it stays under the channel’s downside line.  A valid breakdown below the 61.8% retracement level could signal potential drop towards …

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Daily Look

Gold Forecast: Plunge After NFP, 1,784.90 A Downside Obstacle

November 29, 2023 - by - Leave a Comment

The price of Gold plunged after better than expected Non-Farm Payrolls data. A major downside movement could be activated by a valid breakdown below the uptrend line. XAU/USD could try …

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Daily Look

Gold Forecast: XAU/USD Poised To Challenge 1,834.19 Resistance

November 29, 2023 - by - Leave a Comment

The price of Gold is strongly bullish after passing above the inside sliding line (sl). XAU/USD could extend its growth if it takes out the near-term resistance levels. False breakouts …

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Daily Look

GBP/USD Forecast: Upside Invalidated, 1.35 Breakdown In Cards

November 29, 2023 - by - Leave a Comment

The GBP/USD pair moves sideways in the short term, a valid breakout from this formation could bring great opportunities.  A new lower low, a downside breakout could announce a deeper …

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Daily Look

USD/JPY Forecast: Challenges 115.00 Psychological Level

November 29, 2023 - by - Leave a Comment

The USD/JPY pair could drop deeper if it stabilizes below the broken uptrend line. The rate could come back to test and retest the broken support before resuming its sell-off. …

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Daily Look

Dollar index fall is inevitable

November 29, 2023 - by - Leave a Comment

Dollar index monthly chart Fundamental analysis on Macro US economyUS GDP turned lower to 1.2%. This was the lowest growth rate in a year.US Non-Farm payroll decelerated despite unemployment rate …

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Daily Look

NZDUSD Under Heavy Selling Pressure

November 29, 2023 - by - Leave a Comment

Dairy Prices Weighing on NZDThe New Zealand Dollar has come under fresh pressure across the board over the last week. One contributing factor has been the relative improvement in the …

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Daily Look

All eyes on the ECB meeting December 2015

November 29, 2023 - by - Leave a Comment

Moving into December, it’s usually the time when markets start winding down for Christmas. As it is, there are two key events that will shape the month, the first of …

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