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The FXGT Blog
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Technical Analysis
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...
6 September 2024
EURUSD on the Rise: Nonfarm Payrolls and Fed Rate Decisions in Focus
The EURUSD pair has been trending upwards since late June, supported by key technical indicators and identifiable support and resistance levels that provide potential tar...
6 September 2024
US Job Openings Hit 3½-Year Low, Raising Fed Rate Cut Expectations
US job openings fell to a 3½-year low in July, signaling a softening labor market.
4 September 2024
AUDUSD on the Edge: Uptrend Faces Potential Reversal Amid Mixed Signals
The AUDUSD has shown upward momentum since early August but faces a potential correction indicated by bearish technical signals like a candlestick reversal pattern and ne...
30 August 2024
DJIA Hits New Highs Amid Caution: Key Economic Events Could Trigger Market Shifts
The Dow Jones Industrial Average (DJIA) has experienced a strong upward trend since early August, fueled by bullish technical signals, reaching resistance levels and reco...
29 August 2024
Crude Reality: Oil's Downward Spiral Amid China's Slowdown and Global Shifts
Crude Oil is in a downtrend amid China's slowdown, geopolitical uncertainties, and persisting tensions in the Middle East and Ukraine. China's oil imports have decreased,...
28 August 2024
Navigating the AUDUSD Price Action
The recent performance of the AUDUSD currency pair has been marked by significant fluctuations driven by a series of economic events, market sentiment, technical indicato...
23 August 2024
GBPJPY: Will the Bulls Stage a Rally?
The GBPJPY pair has been on a downward trajectory since mid-July, influenced by bearish technical indicators. While there are signs of a potential bullish reversal as pri...
22 August 2024
Navigating the USDCHF Downtrend Amid Market Uncertainty
The USDCHF currency pair has been tracing a downward path since the beginning of May, marked by lower peaks and troughs that suggest a continued decline.
16 August 2024
The USDJPY Downtrend and the JPY Carry Trade Unwind
The USDJPY pair has experienced a sharp reversal, marking a pivotal shift in its trajectory. Following a peak in early July, the pair has entered a pronounced downtrend, ...
14 August 2024
EURUSD on the Rise: Will Bullish Momentum Hold or Is a Correction Looming?
The EURUSD exchange rate has been on an upward trend since early July, climbing from a low of 1.06656 to a peak of 1.10080 in early August.