Author: FX
USD/CAD trades near the 1.3900 zone in a tight range ahead of the weekendContradictory US-China tariff headlines and resilient oil prices shape sentimentResistance is seen at 1.3893 and 1.3986, with support at 1.3855The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger oil prices against a firmer Greenback. The US Dollar Index (DXY) is trading higher near 99.60, supported by comments from US President Donald Trump suggesting talks with China are ongoing. However, these claims were quickly disputed by the Chinese Foreign Ministry, which said no negotiations were underway, creating…
EUR/GBP trades near the 0.8500 zone after Friday’s European session.Despite a slight intraday pullback, broader signals maintain a bullish tone.Resistance seen near 0.8550; support clustered around the 0.8530–0.8520 area.The EUR/GBP pair was seen trading near the 0.8500 mark during Friday’s session, edging lower intraday yet holding within the mid-range of 0.8511 to 0.8548. Investors appear cautious amid a light macroeconomic backdrop, with the pair moving in sync with subtle shifts in broader market sentiment.Technically, the pair continues to exhibit a bullish structure despite the minor pullback. The 20, 100, and 200-day simple moving averages — currently at 0.8533, 0.8377, and…
EURUSD trades near the 1.1400 area, slipping slightly after the European session.The bullish bias persists despite mixed short-term momentum signals.Resistance seen around 1.1378; support zones near 1.1335 and 1.1215.The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.Technically, the broader picture remains constructive. The 20-day, 100-day, and 200-day simple moving averages all point higher, supporting the ongoing bullish trend. Shorter-term indicators like the…
In yesterday’s video, ” Watching the old floor which is now a ceiling for the USDCHF” I spoke to the resistance area between 0.8333 and 0.8373. That area was an old floor going back to the low in January 2015, the low from December 2023 the lows from September 2024. Breaking a floor, turns it into a ceiling and earlier this month, the price broke below that floor area and saw increased momentum. The low reached this week, reached a new low going back to 2011 down to 0.8038. The price this week then started its rotation back to the…
Silver price falls sharply to near $33.00 on hopes of de-escalation in Sino-US trade war.China considers pausing tariffs on some US imports.Beijing denies any economic and trade talks with the US.Silver price (XAG/USD) plunges more than 1.5% to near $33.00 during North American trading hours on Friday. The white metal falls sharply from its three-week high of $33.70 posted earlier in the day. The asset weakens as investors have become increasingly confident that the United States (US) and China will make a deal sooner.Hopes of a truce on a trade war between the world’s two largest powerhouses have increased as…
Our GBP/JPY trade ultimately moved against us as broad market sentiment shifted, resulting in a manual close. Let’s examine what happened since our initial analysis, possible alternative actions we could have taken, and lessons for future trades. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
Royal Gold (NASDAQ: RGLD), founded in 1991, is a global leader in precious metals royalty and streaming. With interests in 194 properties across 20+ countries, it manages gold, silver, copper, lead, and zinc assets. This article evaluates its bullish Elliott Wave framework and highlights potential paths for further growth. Following 5 years of consolidation in a sideways range, RGLD has decisively surged to new all-time highs within a robust impulsive wave (III) structure. The weekly chart reveals a nesting formation to the upside, therefore, it’s suggesting a third wave extension is likely to unfold, reinforcing the stock’s bullish trajectory. The chart below illustrates the Nest formation,…
Like any other business, forex trading has its pitfalls that could eat up the hard-earned money of newbies who have jumped into it without enough knowledge and preparation. If you’re determined to make full-time trading work for you, then here are four simple steps you can take: 1. Ask yourself if you’re ready for full-time trading Consider the logistics of trading full-time. Do you have enough capital? Picture going months without a salary or profits while still covering food, rent, utilities, gym, and Netflix. Can’t live without your job yet? Can’t afford to take big drawdowns for weeks and still maintain…
Trump's envoy Witkoff meets Putin in Moscow Source link
Gold Futures Analysis – tradeCompass for June 2025 Contract (April 25, 2025)Gold futures (GC) have entered a captivating phase, retreating from an all-time peak of 3,509.9 reached earlier this week. As we head into today’s trading session (Friday, April 25), market dynamics offer intriguing possibilities for scalpers and short-term traders alike.Gold Futures Analysis Today by tradeCompassMarket Context: Bearish Correction in FocusGold is navigating a bearish correction phase, trading below Wednesday’s VWAP (~3,324) and gravitating toward the psychologically significant 3,300 level. Friday’s typical volatility and a tightening range may create dynamic short-term trading opportunities.Bearish Trade Map: Levels to WatchFor traders leaning…