GBP/USD Analysis: Resistance At Falling Trend Line, Potential Bullish Reversal

TalkMarkets - Fri, 08/09/2024 - 07:02
The GBP/USD pair is currently facing a crucial resistance level at the falling trend line on the 4-hour chart. This resistance could determine the pair’s short-term direction and potentially signal a bullish reversal.

XRP Price Prediction As POODL Presale Nears Conclusion With Direct DEX Listing

TalkMarkets - Fri, 08/09/2024 - 06:45
XRP is showing a bullish trend but needs to break key resistance levels. Poodlana’s presale is seeing an influx of investors and it has raised over $5.8M with seven days to go

SP500 Weekly Wrap & Daily Trade Plan - Friday, August 9

TalkMarkets - Fri, 08/09/2024 - 06:42
In this update we review the weekly price action in the emini SP500 futures contract and identify a trade plan for the session ahead

XAUUSD Commodity Elliott Wave Technical Analysis - Friday, August 9

TalkMarkets - Fri, 08/09/2024 - 06:40
Gold has continued its upward trajectory after breaking out of a two-month consolidation and is now ready to challenge new all-time highs.

Analytical Overview Of The Main Currency Pairs - Friday, August 9

TalkMarkets - Fri, 08/09/2024 - 06:35
On Thursday, the dollar rose slightly after the weekly jobless claims in the US fell more than expected, leading to a rise in bond yields.

AUD/JPY Price Forecast: Struggles To Continue Winning Streak

TalkMarkets - Fri, 08/09/2024 - 06:19
AUD/JPY turns sideways near 97.00 after a three-day winning spree. The Australian Dollar rises on improved market sentiment and RBA Bullock’s hawkish interest rate guidance. Growing concerns over BoJ further policy tightening.

Bovespa Index Elliott Wave Technical Analysis 1

TalkMarkets - Fri, 08/09/2024 - 06:17
The analysis suggests that orange wave 2 is likely complete, with orange wave 3 of 3 now in progress. The invalidation level is set at 118574.97.

EUR/JPY Holds Above 160.50, German HICP Inflation Rises To 2.6% In July

TalkMarkets - Fri, 08/09/2024 - 06:12
EUR/JPY trades firmer around 160.75 in Friday’s early European session. German HICP inflation rose in July to 2.6%, according to the Federal Statistics Office on Friday.

EUR/USD Stabilises Amid Fed Speculation And Absence Of Major Economic Data

TalkMarkets - Fri, 08/09/2024 - 05:58
The EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility.

GBP/USD Forecast: Bounces Against US Dollar

TalkMarkets - Fri, 08/09/2024 - 05:47
The British Pound initially fell against the US Dollar during early trading on Thursday but then found itself bouncing as the 200-day EMA caused people to look at this through the prism of perhaps trying to buy the dip.

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