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tongkatali
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tongkatali
$USDJPY presents a short-term buy opportunity on a 30-minute time frame chart:

1. Price has consolidated around the support level of 140.631
2. Bullish divergence formed in the MACD indicator

Support: 140.631
Resistance: SMA 20 trendline, 141.402
20230711_065847-usdjpy.png
1 comment VictoriaCheng

VictoriaCheng
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tongkatali
Buy opportunity on $USDJPY currency pair based on technical indicators below:

Price reached support at 144.140
The support level has not been broken down since 28th June
The stochastic RSI is showing an upward divergence.

Target price: SMA trend line, 144.696
Support: 144.140
20230706_044727-WhatsApp Image 2023-07-06 at 12.46.54.jpeg
tongkatali
GBP/JPY recently showed an upward momentum but has come to a resistance level of 182.94. This level was first reached on 23rd June 2023 and has been retested within the same day, but both attempts failed to break above. Furthermore, there’s a bearish divergence formation in the MACD indicator, suggesting the upward momentum is reducing.

Hence, traders may find SELL opportunities around the resistance level of 182.94.

All the best!
20230627_091953-gbpjpy.png
tongkatali
Gold has been down-trending since 16/06/2023. Recent sentiment for the dollar is getting stronger in expectation of a few more interest rate hikes from the feds.

From the chart, XAU/USD shows a short-term correction with Stochastic RSI indicating the pair is currently overbought. As long as the price remains below the SMA trend line, I see it as an opportunity for going short.

1-Hour time frame chart
Support level: 1927.28
Resistance level: 1910.76

Here are some of the news on gold that you may want to check it out as well.

https://www.fxempire.com/forecasts/article/gold-price-forecast-facing-steepest-weekly-decline-in-months-amid-feds-hawkish-stance-1356621

https://www.businesslive.co.za/bd/markets/2023-06-23-gold-heads-for-biggest-loss-since-february/

https://www.indiatoday.in/business/story/gold-silver-prices-today-june-23-precious-metals-dip-mcx-latest-rates-2396781-2023-06-23
20230623_084452-gold.png
tongkatali
$XAUUSD - Short-term Buy opportunity

30-minute time frame shows that XAU/USD has tested the 1929.46 support level multiple times but failed to break through it. Besides, MACD shows an upward divergence and stochastic RSI shows an upward pointing end in the oversell zone. These suggest a short-term BUY opportunity for XAU/USD pair.

Support level: 1929.46
Resistance level: 1934.18 / SMA 20 trend line
20230622_063924-image_2023_06_22T06_39_04_262Z.png
4 comments pctay123
tongkatali
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pctay123
Okay TongkatAli, you're right, it drops... 👍👍

tongkatali
Just woke up, thanks.
Appreciate your reply. Hope you caught the train
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