Copper Price Faces Negative Momentum – Forecast for 09 December 2024
Copper prices have started to exhibit negative momentum, maintaining stability below the $4.2000 resistance level. This reinforces the likelihood of further downward movement, in...
USDJPY Price Shows Recovery: Forecast for December 10, 2024
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The USDJPY price experienced a significant upward bounce yesterday, breaching the key resistance level of 150.18 and initiating a bullish wave. A closer analysis reveals that the price has formed a double bottom pattern, which is expected to propel the price further higher in the near term, with the next key target set at 152.70. The bullish outlook remains intact,...
Gold Price Shows Signs of Recovery: Forecast for December 10, 2024
Gold prices saw a clear upward movement yesterday, settling above the key bullish trend line. This shift has put an end to the previously...
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Silver Price Surpasses Target and Eyes Further Gains: Forecast for December 10, 2024
Silver prices have surged, surpassing the first target at $31.63 and reaching the second target at $32.20. A closer look at the chart reveals...
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Crude Oil Price Faces Bearish Pressure After Testing Key Resistance: Forecast for December 10, 2024
Crude oil prices tested the key resistance level at $68.64, but failed to break through, resulting in a bearish bounce. This supports expectations for...
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Brent Oil Price Posts Intraday Gains, Faces Potential Bearish Pressure: Forecast for December 10, 2024
Brent oil prices continued their upward movement yesterday, surpassing the $72.06 level and reaching the $73.00 barrier. However, the 50-period Exponential Moving Average (EMA50)...
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Ethereum Price (ETH/USD) Begins Bearish Correction: Forecast for December 10, 2024
Ethereum (ETH/USD) experienced significant downward pressure on the evening of December 9, breaking below the support line of its bullish channel. This marks the...
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GBP/JPY Resumes Upward Momentum, Eyeing Key Resistance Levels: Forecast for December 10, 2024
The GBP/JPY currency pair has continued its bullish correction, supported by the 38.2% Fibonacci retracement level at 190.70. This support, along with positive momentum...
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FOREX
EUR/JPY Breaks Resistance, Signals Bullish Trend: Forecast for December 10, 2024
Jennifer -
The EUR/JPY currency pair has resumed an upward trajectory, breaking through the resistance level at 159.05. This move has propelled the pair toward 160.00, marking notable gains in recent trading sessions. The 159.00 level is now acting as additional support, bolstered by stochastic indicators signaling positive momentum. This alignment strengthens expectations for further bullish movement, with potential targets at 160.60...
Silver Price Surpasses Target and Eyes Further Gains: Forecast for December 10, 2024
Jennifer -
Silver prices have surged, surpassing the first target at $31.63 and reaching the second target at $32.20. A closer look at the chart reveals the formation of a double bottom pattern, a bullish signal that suggests further...
Gold
Platinum Price Begins Decline – Forecast for 09 December 2024
Platinum prices have begun to decline, influenced by negative factors such as persistent stability below the $950.00 resistance level and bearish momentum indicated by...
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Gold
Copper Price Faces Negative Momentum – Forecast for 09 December 2024
Copper prices have started to exhibit negative momentum, maintaining stability below the $4.2000 resistance level. This reinforces the likelihood of further downward movement, in...
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Gold
Platinum Price Delays Decline – Forecast Update for 4th December 2024
Platinum prices saw a new bullish rally yesterday, breaking the $950.00 barrier and reaching $960.00. The positive momentum from the stochastic indicator suggests a...
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Gold
Silver Price Forecast Update – 4th December 2024
Silver prices have shown relatively tight movements since the start of the day, maintaining the validity of the bullish trend outlook. The next target...
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Gold
Platinum Price Awaits Negative Momentum – Price Forecast for December 3, 2024
Platinum price traded slowly in a sideways manner yesterday, influenced by ongoing contradictions between key indicators, as it remains consolidated below the significant $950.00...
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Gold
Copper Prices Lose Positive Momentum – Forecast for December 2, 2024
Copper prices continue to fluctuate around the $4.0600 level, with the 55-day moving average (MA55) providing some support. However, the stochastic indicator's stability in...
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Gold
Platinum Prices Continue to Decline – Forecast for December 2, 2024
Platinum prices have reinforced their bearish trend by testing the $950.00 level last Friday, failing to break above it and now trending lower towards...
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Gold
Platinum Price Continues Negative Trend – Forecast for November 27, 2024
Platinum remains under pressure, continuing its negative trend as it struggles to maintain stability below the $950.00 level, which now acts as a significant...
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Latest
China Stock Fund Beating 97% of Peers Bets on Cheap State Firms
Lin Bo, a top-performing Chinese fund manager, has outpaced 97% of his peers in 2024 by focusing his investments on state-owned enterprises (SOEs), particularly those listed in Hong Kong. His Fuying Gunxueqiu No. 1 Fund has surged 66% this...
FOREX
EUR/JPY Breaks Resistance, Signals Bullish Trend: Forecast for December 10, 2024
The EUR/JPY currency pair has resumed an upward trajectory, breaking through the resistance level at 159.05. This move has propelled the pair toward 160.00,...
Oil
Brent Oil Price Posts Intraday Gains, Faces Potential Bearish Pressure: Forecast for December 10, 2024
Brent oil prices continued their upward movement yesterday, surpassing the $72.06 level and reaching the $73.00 barrier. However, the 50-period Exponential Moving Average (EMA50)...
Currencies
GBPJPY Continues Negative Trend – Forecast for 09 December 2024
The GBPJPY pair has confirmed its bearish bias with consecutive negative closes below the key resistance at 192.80, along with additional resistance at 192.00....