BTCUSDT couldn't fend off a fierce bear attack, quickly tumbling down to the $65,300 zone at the start of the new trading week, continuing its downward trend after breaking key support levels.
Analyzing the charts, the bearish momentum might persist as a triple top pattern seems to be forming. If this downtrend strengthens and shatters the first support level,...
Hello everyone! This Monday morning brought a refreshing climb for GBP/USD, which surged above 1.2450 after hitting its lowest point since November at 1.2426 last week. While the technical indicators still suggest a downtrend, easing geopolitical tensions could potentially extend this pair's recovery phase.
As the weekend approached, investors sought safe havens...
Last week, gold prices fluctuated within the range of $2,300 to $2,360 per ounce until Wednesday. By Thursday, amid escalating tensions in the Middle East, the surge was palpable as gold hit a new peak above $2,400 per ounce. The momentum continued into Friday, reaching $2,431.59 per ounce before settling back down to around $2,355 to close the week.
Geopolitical...
Gold prices are surging amidst escalating tensions in the Middle East, following Iran's recent attack on Israel. Surprisingly, the US dollar remains steady, as market sentiment is relatively calm despite the geopolitical strains. Gold could see further support ahead of the upcoming U.S. retail sales data.
The initial target is today's high of $2,373, with the...
SHIBUSDT remains steady in its upward price channel. While there haven't been any major fluctuations, the trend continues to look safe around the current price level.
Expectations are set for another bounce as it approaches the upper boundary of its rising channel.
Shibusdt continues to weaken for many days and credit to the present time, the price is losing 1.41 % of the day. The prospect of reducing continues to be highly raised when the price moves in the channel and there is no sign and anything that can prevent this trend.
As long as the price channel is still maintained, the bear will continue to enjoy it!
USD/JPY continues to surge following its breakout above the 152.000 resistance level. The outlook for this pair remains bullish as the USD gains strength over the JPY, amidst Japan's current economic struggles and volatility.
I maintain a bullish stance on this currency pair, as there are no signs of peaking yet, and prices remain stable above both the 34 and 89...
Gold prices continued their upward trend for the third day this week, stabilizing above the significant price area of $2,371. Despite recent market volatility, gold has maintained its upward momentum, demonstrating the underlying strength of the buyers at this time.
Having surpassed previous resistance levels and historical data, we now turn to the extended...
This Friday morning in the Asian trading session, GBP/USD is holding steady near 1.2550. There’s a buzz in the market with expectations that the Bank of England (BoE) might cut interest rates sooner than the U.S. Federal Reserve (Fed), which is putting some pressure on the British Pound and the currency pair. Later today, investors are set to watch the UK's...
Hey warriors, let's dive into the EURUSD saga!
The EURUSD just went through a rollercoaster, quickly sketching out a double top pattern before taking a sharper nosedive post the breach of the 1.083 support level. Currently at 1.074, it's attempting a slight rebound after brushing the 1.073 support, but don't hold your breath for a long recovery. With the USD...
Hey everyone, buckle up because yesterday was a wild ride! Moments after the CPI news hit the airwaves, the EUR/USD pair took a dive and landed squarely in the red zone. Surprise, surprise - the U.S. CPI inflation data for March threw us a curveball, catapulting the U.S. dollar to its yearly peak. This move put the squeeze on the major currency pairs, sending...
Long-term Analysis of USDJPY:
This pair is navigating through the waves of Dow Theory, and for the past several weeks, it seems to be gearing up in an accumulation phase, setting the stage for a potent rally aimed at the Fibonacci extension target of 1.618 (equivalent to 176.500).
However, this scenario hinges entirely on breaking through the 152.000 resistance...
Today, the price of gold witnessed a notable ascent, initially surging to $2,352.5 as the Asian markets opened, before cooling down and stabilizing at around $2,345.
This persistent upswing in the precious metal has been fueled by demand for safe-haven assets amidst concerns over ongoing conflicts. Meanwhile, markets await the release of the Federal Reserve's...
The US dollar surged against the Japanese Yen on Monday, edging back towards the pivotal 152.00 mark—a level that prompted intervention from the Bank of Japan (BoJ) in 2022 and stands as a significant threshold for Japanese financial authorities.
Bolstered by robust US macroeconomic data, notably Friday's Non-Farm Payroll report, and a recent hawkish tilt by the...
Hello everyone! Just as we predicted, GBPUSD has risen after successfully testing the support level at 1.257. Currently, it's trading around 1.265, with upward momentum still strong and eyes set on conquering the immediate resistance at 1.266.
The US dollar has softened a bit, as a moderate risk appetite has extended the pair's recovery from post-NFP lows. A...
The EUR/USD pair sees a modest uptick, touching around 1.0860 in early Tuesday's Asian trading session. A dip in the US Dollar (USD) has lent some support to this pair, with a growing bullish sentiment further fueled by various technical indicators.
The upward momentum is being eyed and bolstered as the newly formed support level starts to align with the EMA 34,...
Hello XRPUSDT traders! Today, XRPUSDT continues its downward adjustment wave, hovering around the 0.6128 USD level after failing to break through the strong resistance at 0.626 USD.
However, this decline is not overly concerning as the price still shows strong buying momentum over the past few days. The uptrend is supported and likely to continue if the 0.618 Fib...
Hey lovely folks! Last week, in its final days, EURUSD experienced a fleeting rally before it commenced a correction phase that persists till now, reaching the 0.5 - 0.618 Fibonacci retracement levels.
Currently priced at 1.082, if EURUSD maintains its ground above this critical Fib level, a rebound seems not just possible but probable. The next aim would be to...
