The NZD/USD pair is showing signs of consolidation after reaching yearly highs last week. The RSI and the MAC point to a flattening bullish traction. The NZD/USD pair is consolidating near the 0.6200 support level as bulls take a breather after August’s rally. The Relative Strength Index (RSI), at 57 remains in positive territory but
Tag: Price
Gold price advances as US jobs data sparks Fed rate cut hopes
XAU/USD rises 0.05% to $2,493, with prices rebounding after hitting a daily low of $2,471. Weaker-than-expected US JOLTS report fuels speculation of a 50 bps Fed rate cut in September. Falling US Treasury yields and a softer US Dollar support Gold despite volatile profit-taking throughout the session. Gold’s price aimed higher during the North American session
Gold price holds below $2,500 as investors await fresh drivers
Gold price edges lower in Wednesday’s Asian session. The escalating Middle East geopolitical tensions and firmer Fed rate-cut expectations might cap Gold’s downside. JOLTS Job Openings and Fed Beige Book are due later on Wednesday. The Gold price (XAU/USD) bounces off the multi-day lows but remains below the $2,500 barrier amid the renewed bid bias
NZD/USD Price Analysis: Pair down, correction appears to be in play
NZD/USD and declined by 0.15% to 0.6250 in Friday’s session The RSI is near 70, indicating the pair is overbought and vulnerable to selling pressure. The MACD is showing decreasing green bars, suggesting weakening bullish momentum. The NZD/USD pair declined to 0.6250 in Friday’s session, retreating from recent highs. The technical indicators suggest a potential correction
USD/JPY Price Forecast: Soars past 146.00 boosted by US yields
USD/JPY maintains a downward bias, needing to break key resistances for a bullish shift. Short-term buyer momentum faces obstacles at 146.93 (Senkou Span A) and 148.46 (Kijun-Sen), with an eye on the 149.39 peak. Mixed RSI signals suggest short-term buyer dominance but an unclear broader trend. A drop below 145.39 (Tenkan-Sen) could trigger further losses
Bitcoin Price Analysis: BTC Loses Momentum With Possible Price Declines to $56K and $52K
Bitcoin’s price has been showing a willingness to drop lower. However, market fundamentals point to something different. BTC is down by nearly 10% in the past week, currently struggling to remain above $58,000. Technical Analysis By TradingRage The Daily Chart On the daily chart, the asset has been consolidating around the $60K level, following a