Silver is trading around $33.30 per ounce during Thursday's Asian session, maintaining its upward momentum for the third consecutive session. The precious metal is benefiting from increased safe-haven demand, supported by rising trade tensions and concerns over a potential US recession. If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.
https://www.tradingview.com/x/4LeT1V31/ Hello, Friends! We are going short on the GBP/JPY with the target of 186.545 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
gold forecast and technical analysis on 1h time frame next move possible. these level is strong buying zone. not financial advise,
Gold surged to around $2,940 per ounce on Thursday, nearing record highs as escalating trade tensions boosted safe-haven demand. Trump threatened more tariffs on EU goods after retaliatory measures from the EU and Canada, while Commerce Secretary Lutnick confirmed planned trade protections on copper. Meanwhile, US inflation data came in lower than expected, easing concerns and giving the Fed more room for a less restrictive policy. However, the long-term impact of tariffs remains uncertain, with inflation risks still looming. Key resistance stands at $2,955, with further levels at $2,980 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
GBP/USD trades around 1.2960 in Thursday’s Asian session, extending gains for a third day as the US Dollar weakens with recession fears linked to Trump’s policies. The dollar faces further pressure after February inflation slowed more than expected, raising speculation of an earlier Fed rate cut. Headline inflation fell from 0.5% to 0.2% monthly and from 3.0% to 2.8% yearly, while core inflation dropped to 0.2% monthly and 3.1% yearly. Markets now await US PPI and jobless claims data for further economic signals. If GBP/USD breaks above 1.2980, the next resistance levels are 1.3050 and 1.3100. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
Yesterday we had some good pump to the upside. Being a Thursday, we could have a possible pull back into the weekly profile but I'm anticipating that we are still bullish. I have a conviction that we are going to have a Judas swing during London as a correction and then expand to yesterday's targets above prev daily highs
EUR/USD fell to around 1.0880 in Thursday’s Asian session, pressured by rising US-EU trade tensions. Market focus is on key US data, including February’s PPI and weekly jobless claims. Trump warned of retaliation against the EU’s response to his 25% steel and aluminum tariffs. The European Commission announced €26 billion ($28.4 billion) in counter-tariffs on US goods, effective April 1, with more expected mid-April. Despite trade risks, EUR/USD’s downside may be limited as concerns over Trump’s policies fueling a US recession weigh on the dollar. Inflation data came in lower than expected, easing market fears but keeping sentiment fragile. Key resistance is at 1.0950, followed by 1.1000 and 1.1050. Support stands at 1.0800, with further levels at 1.0730 and 1.0650.
We have a short term reversal pattern in the 4H timeframe. A test of green support would be good for long trades Initial targets are the 2 blue resistance levels which match the 50% and 61.8% pullback levels.
Alright, y’all. We are dangling, unsupported underneath the 200DMA and that Bear Gap. I am trading cautiously today because inflation data days I tend to make a lot of mistakes. 35EMA - this level is a BEAST. We were unable to get above it yesterday. Trace it back 3 weeks and you’ll see it’s been there every time to push us back lower. I will be looking to the outer spreads and even then I might push it out a little. If and when I take a position I will update it here. GL, y’all.
The Japanese yen stabilized around 148 per dollar on Wednesday, recovering after two days of declines as a weaker US dollar offset trade conflict concerns. Trump vowed more tariffs after the EU and Canada retaliated against his steel and aluminum duties, escalating tensions. The yen remained supported by expectations of further BOJ rate hikes, driven by strong wage growth and inflation. Japanese companies approved significant wage increases for the third year, boosting consumer spending and giving the BOJ more flexibility for future hikes. Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.