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Article ⇒ Safe Haven Silver Surges After Sinwar’s Elimination

FxNews—Silver prices surged past $32 per ounce, nearing a high not seen in two weeks. This increase aligns with gold’s gains, driven by the upcoming US election uncertainties and growing tensions in the Middle East, which have boosted the attraction of Silver and gold as safer investments.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.

Article ⇒ USD/MXN Reacts to Overbought RSI While Trump Odds Surge

The USD/MXN uptrend eased when the price peaked at the September 3 high, the 19.98 mark. Consequently, the price dipped, approaching immediate support at 19.72, the September 30 high.

Today’s downtick momentum was expected because the Stochastic Oscillator was hovering in overbought territory. Additionally, the RSI 14 signaled that the U.S. dollar is overpriced against the Mexican peso.

Article ⇒ USD/NOK Falls Amid Strong Employment Growth in Norway

FxNews—The Norwegian Krone began erasing recent losses against the U.S. dollar in today’s trading session. As of this writing, the USD/NOK price dipped below the September 11 high at 10.9, trading at approximately 10.85.

Article ⇒ How to Trade Boom and Crash Gold Miner Trend Indicator + Download

FxNews—Today, we have an indicator that provides entry signals and displays the trend direction on the MetaTrader 5 chart. This MT5 indicator was developed by Mr. Lesedi Oliver Seilane, a well-known member of the MQL community who has created more than ten indicators.

Article ⇒ New SEC Rule: Options on Bitcoin ETFs Allowed

FxNews—The U.S. Securities and Exchange Commission (SEC) has approved changes to stock exchange rules, allowing options to be listed on spot bitcoin ETFs. This decision expands the investment opportunities for products already attracted billions of dollars this year.

Article ⇒ Harmonic Patterns: Key Signal for Market Reversals

FxNews—To forecast the Forex market efficiently, traders must familiarize themselves with the Harmonic Patterns, a strategy based on the specific geometric structure of price action and Fibonacci numbers. The reason for utilizing harmonic patterns in technical analysis is to spot possible reversal points in the market.

Article ⇒ EURUSD Bear Market Prevails in Respond to ECB Rate Cut

The European currency trades in a robust bearish market against the U.S. dollar because the price is below the 100-period simple moving average. As of this writing, the EUR/USD pair trades below the $1.088 (August 8 Low) resistance at approximately 1.084. The market has ignored the Awesome Oscillator signaling divergence, a trend reversal signal.

Article ⇒ GBPUSD Bears Target Fair Value Gap as FTSE 100 Rises

FxNews—The British pound trades bearish against the U.S. dollar because its price is below the 100-period simple moving average and the Ichimoku Cloud indicator. As of this writing, the GBP/USD currency pair trades at approximately $1.302, pulling back from the upper line of the bearish flag, which is neighboring the upper band of the Envelopes indicator.

Article ⇒ AUDUSD Downtrend Resumes as RBA Reassesses Policy

The Australian dollar trades in a robust bear market against the Greenback. As of this writing, the AUD/USD price flipped below the median line of the Bollinger Bands, trading at approximately $0.668. Interestingly, the pair ignores the MACD’s divergence signal by resuming its bearish trajectory.

Article ⇒ Comprehensive Moving Average Indicator: Guide – Signals

FxNews—It is not a secret that moving averages are one of the most popular technical indicators for uncovering the direction of a trend on a price chart. Therefore, we picked a unique technical tool combined with two moving averages that can aid Forex traders with finding the primary trend quickly and without hassle.

Article ⇒ NATGAS at Key Resistance as Cold Weather Looms

FxNews—US natural gas prices have climbed past $2.3 per million British thermal units (MMBtu). This increase follows a sharp 14.2% fall last week. The rise is due to reduced gas production and the expectation of cooler weather soon, which may lead to higher heating usage.

Good read:

1. USDJPY Nears 150.7 as BoJ Eyes Yen Stability
2. NZDUSD Poised to Break $0.604 Amid NZX50 Gains
3. AUDUSD Downtrend Resumes as RBA Reassesses Policy

Article ⇒ USDCAD Bulls Eye 1.394 Amid BoC Plans Major Rate Cut

FxNews—On Monday, the S&P/TSX Composite Index dropped by 0.4% to 24,723, breaking its three-day run of gains.

Article ⇒ GBP/JPY Poised for Breakout from Sideways Market

The British pound trades bullish against the Japanese yen at approximately 195.2, above the 4-hour chart 100-period simple moving average. The market has been moving sideways for over a week as the Bollinger Bands narrowed its lines.

Article ⇒ Elon Musk Discusses XRP Ledger in Pittsburgh

FxNews—On Tuesday, the “Good Morning Crypto” account shared a video clip on X showing Elon Musk at a town hall event in Pittsburgh. Musk was asked about the possibility of using the XRP Ledger in future financial institutions.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.

Article ⇒ Pregnant Crypto Queen Accused of £17M Fraud

Attached Image (click to enlarge)

FxNews—Valeria Fedyakina, known online as the “Queen of Crypto,” has been detained after allegedly scamming £17 million. Authorities claim she intended to support the Ukrainian military with the funds. Currently pregnant, Fedyakina faces accusations in a Moscow detention center.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.

Article ⇒ Crude Oil Rebounds from FVG as China Cuts Rates

FxNews—WTI crude oil prices dropped to around $71 per barrel this Wednesday after a brief rise. The drop was mainly due to a surprising increase in U.S. oil stockpiles.
According to API data, these inventories grew by 1.6 million barrels last week—far exceeding the expected growth of 0.7 million. While gasoline and other distillate fuel stocks declined, this was insufficient to stabilize prices.

Will Solana Bounce Back Above $171.7? Key Levels to Watch

FxNews—Solana consolidates below the $171.7 high as expected because the Stochastic and RSI 14 signaled overbought at the time. As of this writing, SOL/USD trades at approximately $165.6, testing the median line of the Bollinger Bands.

The primary trend should be considered bullish because the price is above the 50- and 100-period simple moving averages. However, the Awesome Oscillator histogram is red, signaling that the downtick momentum from $171.7 could extend to the lower support levels.


Forecast

From a technical perspective, the trend outlook remains bullish as long as Solana trades above $161.5. However, for the uptrend to resume, the Bulls must close and stabilize the price above $171.7.

Conversely, a dip below the $161.5 should invalidate the bullish outlook. In this scenario, a new bearish wave will likely form, and the target could be the 100-period SMA at $152.0.

Good read:

1. Gasoline Prices Steady Amid Global Oil Turmoil
2. NATGAS Falls to $2.32 on Warmer November Forecast
3. Crude Oil Rebounds from FVG as China Cuts Rates

Article ⇒ Geopolitical Risks Push Gold to Record $2750 High

FxNews—On Wednesday, gold surged beyond $2,750 for each ounce, reaching a new high. This increase was driven by its reputation as a reliable investment during times of high political tension and ongoing global economic concerns.

Article ⇒ Will Ripple Surpass Ethereum by 2025?

FxNews—Market analyst Ben Armstrong, also known as BitBoy Crypto, suggests that by 2025, Ripple [XRP] might surpass Ethereum [ETH] in market capitalization.
In 2018, XRP showcased an impressive performance, securing the second spot on CoinMarketCap, while ETH was ranked third. At that time, XRP had a market cap of $130 billion, compared to ETH‘s $111 billion. Ben Armstrong predicts a similar scenario for 2025, as he anticipates the peak of the current Bitcoin cycle to coincide with that year.

Gold Rebounds: Opportunities for Bullish Traders

FxNews—Gold has resumed its upward trend following a brief consolidation near the 50-period simple moving average. Technical indicators like the RSI 14 and Awesome Oscillator suggest that the bullish momentum is likely to continue.

The immediate resistance level is at $2,685, and there’s potential for the yellow metal to surge further, targeting the Fair Value Gap (marked in red). If this gap holds, gold may retest the $2,685 level, offering traders a good opportunity to enter the bullish market.

However, it’s important to note that gold is currently overvalued in the short term, and a significant decline could occur at any moment. Traders should closely monitor key support levels to find low-risk entry points.

Good read:

1. AUD/USD Hints at Trend Reversal Amid Rising Selling Pressure
2. STOXX Rises as Corporate Earnings Boost Markets
3. French Manufacturing Sees 21st Month of Decline