XAU/USD: A Trend-Follower’s Market
- Daily Analysis, Daily Report, Recent Posts, Technical Analysis, Trending Now
- April 25, 2024
Reading time: 11 minutes The crypto investments market can be complex, especially for beginners. For example, terms can take on different meanings depending on the context in which they are used, consequently increasing confusion. Advanced traders are also encouraged to keep abreast with the latest technology as new programs are continually developed (forewarned is forearmed).
READ MORERead Time: 7 Minutes Contract For Differences (CFDs) are among the most popular and innovative investment markets; it’s a flexible alternative to traditional trading and investing. Primarily, CFDs are financial derivative products that let CFD traders (day traders—short-term day trading as one example) capitalise and profit from price movements between the opening and closing prices
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: Previous Analysis) U.S. Dollar Index (Daily Timeframe): Snapping a decisive two-week decline, dollar bulls surfaced last week and added 0.5 per cent. The 50-day simple moving average—circling 101.65—served as dynamic support in recent trading, with resistance demanding attention at 102.95. Space south of the current SMA brings light to resistance-turned support
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: The US Dollar Index (USDX) extended recovery gains Wednesday, underpinned on rising US Treasury yields and upbeat US economic data. EUR/USD consequently spun lower and erased 0.8 per cent. Wednesday’s technical briefing noted the following in regards to weekly trend and structure: Technically, sellers making a show should
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORERead time: 7 Minutes A trading strategy used for short-term or medium-term periods of time (time frame) and aims to generate profits from price fluctuations is generally classified as swing trading, derived from the price swing from one value to another. How traders and investors engage with the stock markets is unique to an individual’s
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: EUR/USD bulls entered an offensive phase on Thursday amidst broad USD softness. The US Dollar Index (USDX) plunged 1 per cent by the close of Europe, driven lower by US Treasury yields navigating south across the curve. Evident from the weekly timeframe, EUR/USD buyers remain in the driving
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREReading Time: 7 Minutes You can inherit digital currency (bitcoin, Ethereum, or Binance coin, for example). If a family member or friend has invested in cryptocurrency, they can legally leave it to you. Although cryptocurrency is a relatively new digital asset class, it’s still considered an ‘asset’. Therefore, it can be lawfully transferred to another
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Despite annual US consumer prices remaining at multi-decade tops in April, Europe’s shared currency finished Wednesday largely muted against its US counterpart. As a result, our higher timeframe outlook remains unchanged: A bearish flag pattern remains plotted on the daily timeframe. Technicians will recognise that a flag is
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