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The FXGT Blog
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Technical Analysis
24 October 2024
USDCAD on the Rise: Technical Reversal and Global Forces Driving Momentum
USDCAD's recent upward shift from a September low highlights a reversal driven by converging technical patterns and momentum signals.
23 October 2024
USDJPY Uptrend Accelerates Ahead of the US Presidential Elections
This week features several high-impact economic events that could influence market dynamics, including rate decisions and manufacturing data across major economies like C...
17 October 2024
Gold Shines Amid Key Economic Events and Geopolitical Tensions
This week presents several important economic events across major global markets that could impact currency and commodity trading. Key data releases include Australia's E...
16 October 2024
Bitcoin on the Rise: Bullish Momentum Fueled by Election Optimism and Key Technical Signals
Bitcoin (BTCUSD) has been on a strong upward trend since September 6 after rebounding from a support level of $52,509.97. The upward movement gained momentum as bullish s...
10 October 2024
USDJPY Soars: Bullish Momentum Meets Yen Weakness
The USDJPY currency pair has exhibited strong bullish momentum, underpinned by a confluence of technical and fundamental drivers. A clear trend reversal has emerged, as t...
9 October 2024
NZDUSD Under Pressure: Bearish Signals Mount as RBNZ Cuts Interest Rates
The NZDUSD has experienced a sharp decline after reaching its 2024 high of 0.63775. A key reversal was signaled by the formation of a Shooting Star pattern, which marked ...
4 October 2024
EURUSD Poised for Breakout: All Eyes on US Nonfarm Payrolls Report
The upcoming Nonfarm Employment Change report, scheduled for release at 15:30 (GMT+3) on Friday, is a key event that could drive significant market volatility, particular...
3 October 2024
USDJPY Shifts Gears: From Prolonged Downtrend to Signs of Bullish Reversal
The USDJPY has experienced a prolonged downtrend since peaking at 161.941 on July 3, driven by technical factors that fueled bearish momentum.
2 October 2024
Crude Oil's Rebound Potential: Navigating Technical Signals and Geopolitical Risks
Crude Oil has been on a downward trend since peaking in early July, largely driven by technical factors that reinforced bearish momentum. A failure swing reversal occurre...
27 September 2024
USDJPY: Navigating Technical Downtrend Amid Rate Gap Pressures
The USDJPY has been in a downtrend since peaking at 161.941 on July 3, driven by technical factors like a failure swing reversal and a bearish EMA crossover. After reachi...
26 September 2024
USDCHF Downtrend: Bearish Momentum Meets SNB Rate Cut Speculation
The USDCHF pair has been in a downtrend since reaching a high of 0.92231 on May 1, primarily influenced by technical factors including moving average crossovers and a fai...
25 September 2024
Gold Soars to New Highs: Bullish Momentum Driven by Fed Rate Cuts and Geopolitical Tensions
Gold has been setting new all-time highs for four consecutive days, peaking at $2,670.32 per troy ounce. This strong bullish momentum is fueled by several key factors, in...
20 September 2024
Fed Rate Cut Fuels EURUSD Bullish Momentum
The EURUSD pair has been on an uptrend since rebounding from the 1.06651 lows on June 26, strengthened by a "Golden Cross" between the 20 and 50-period...
19 September 2024
Fed Rate Cut Fuels Bullish Momentum: S&P 500 Hits All-Time High
This week, markets are navigating several economic events, while technical analysis of the S&P 500 highlights a sustained uptrend since early August.
13 September 2024
Rising Markets and Bullish Momentum: S&P 500 Eyes New Highs Amid Fed Rate Cut Speculation
The S&P 500 is on an upward trend, approaching the resistance level of 5674.06, with bullish signals from technical indicators. Key price targets are 5826.19 and 6098.86,...
Key Market Movers: ECB Rate Cut, US Data, and EURUSD Bearish Outlook
Today's high-impact economic events include the European Central Bank's (ECB) interest rate decision, followed by the US Producer Price Index (PPI) and unemployment claim...