BTCUSD kicked off the week with a strong rally, currently trading around the $62,800 mark, reflecting a 2.20% recovery for the day as of this writing. BTCUSD has successfully forged a new price breakout, yet it still faces hurdles beneath the $63,200 resistance level. A slight adjustment might be on the horizon to solidify its recovery before BTCUSD can confirm...
GOLD MARKET INSIGHTS: Amid escalating tensions in the Middle East, gold prices have soared to nearly $2,360, bolstering the allure of this precious metal. This week, all eyes are on the U.S. economic indicators: the Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Sales. These figures are poised to reveal pivotal trends in the economy and...
On Monday, gold prices traded negatively during the Asian session. Hawkish remarks from the Fed along with increasing speculation that the Fed might delay its easing plans bolstered the U.S. dollar, driving gold prices lower. However, the bullish outlook for gold remains intact as it sustains above the 34.89 EMA. This support suggests that the trajectory for...
Gold prices (XAU/USD) encountered challenges in Monday's Asian trading session. Hawkish comments from the Federal Reserve (Fed) and speculation that the Fed might delay easing its monetary policy boosted the USD, putting downward pressure on gold. However, economic weakness and geopolitical tensions in the Middle East could support the precious metal. Investors...
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 164.885 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.465 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! EUR/GBP pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Hello,Friends! GBP-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.245 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/USD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the NZD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.583. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone, Brian here. Kicking off today's trading session, gold has taken a dip following its strong rally at the close of last Friday. As of now, the precious metal has shed over $10, reflecting a decline of 0.48% for the day. Looking ahead, gold is expected to face more short to medium-term corrections. However, from a long-term perspective, investors and...
Hello dear friends, let's explore the trends in gold prices for the upcoming week! Currently, gold is undergoing a correction phase after a strong price increase over the last weekend, with the metal trading around $2,358 in the early trading hours of Monday and experiencing a slight decline of 0.11% on the day. This adjustment is unfolding as anticipated within...
Take a look at our analysis for DXY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 105.317. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.018 level. P.S Overbought...
Please, check our technical outlook for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2352.077. The above observations make me that the market will inevitably achieve 2308.733 level. P.S Please, note that an oversold/overbought condition...
Take a look at our analysis for NZDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.600. Considering the today's price action, probabilities will be high to see a movement to 0.587. P.S We determine oversold/overbought condition with RSI...
Here is our detailed technical review for NAS100. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 17914.2. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17280.9...
Overall, BTCUSDT still appears to be in a long-term downtrend according to chart analysis data. The trend seems to be under the control of the Bear camp, with the current price sitting at $60,800 USD. A potential upward movement may still occur, but it's likely to encounter resistance around $64,200 USD. Considering the prospects, BTCUSDT is heading towards the...
Hello dear friends, BTCUSD is striving for a recovery, but the upward momentum seems to be weak and lackluster. The downtrend continues to hold strong on the 6-hour chart, and we are still aiming for the target of $58,700 USD after the retracement around the 0.618 Fibonacci level concludes. Thank you all!
EURUSD experienced a slight decline as it closed the week's trading session at a price above 1.076. However, overall, this currency pair has been undergoing a recovery trend for several days. The main resistance level for EUR/USD will appear in the range of 1.0790 – 1.0800, delineated by the EMA 34, 89 lines, and the upper boundary of the descending trend...