U.S.-based Exchange-Traded Funds (ETFs) directly investing in Bitcoin have seen unprecedented consecutive net inflows for 18 days, propelling the largest digital asset to record highs. Bitcoin ETFs are fueling the frenzy in the market. BTC is trading at an average price of $71,186. Its 24-hour trading volume has decreased by 5% to $26 billion, with a market...
Dear traders! Gold established a downtrend after failing to overcome the resistance level of 2400 USD and closing below the negative level of 2300 USD as large buyers such as the Central Bank of China stopped buying thus negatively impacting gold prices before the weekend and is likely to have a long-term impact on gold in the near term. On the new outlook for...
Dear traders! As expected BTC is falling after failing to overcome the 72,000 resistance level although the outlook going forward is positive. On a smaller time frame we can catch the selling rhythm of the market remaining when it breaks the uptrend line and forms a good arc. I predict that BTC will have a pullback to the resistance area (70,115). The price...
Dear traders! EURUSD is trading on a clear uptrend on the 4-hour chart although the upside momentum is showing clear downside. I expect the horizontal support and trend channel cap to be retested soon to accumulate bullish momentum before resuming growth with a target to retest the 34.89 EMA i.e. 1.0850
Dear traders! Gold's return to a key support structure follows an update to a high of $2,387. =)2332 USD would be a good entry point to buy on the next bull run! This is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2332 USD, the opportunity will be better, because the general fundamentals of the market are still positive.
Dear traders! USD/JPY jumped more than half a percent within minutes after the release of US Nonfarm Payrolls (NFP) data on Friday and edged higher to 156.35 after the US Dollar (USD) ) was strong thanks to better-than-expected results, showing that investors' sentiment is very positive. By maintaining this high level, Conan optimistically assesses that in the...
Traders! BTCUSD breaks trendline on 4-hour chart. And buyers are trying to retest the $70,000 resistance and even $70,500 liquidity. I expect that after the pullback, the price will continue to sell, the short-term target is the 64,500 USD area if buyers do not successfully defend the 67,000 USD area.
Dear traders! On D1 XRP is forming a bearish wave within the descending channel. The lack of momentum in breaking above the 0.55x resistance level is showing that the bullish momentum is losing momentum and the bears are in strong control. Accordingly, the steady decline in price along with the balance wedge has been broken. I expect that after a pullback to the...
Hello friends! A descending price channel is gradually starting to appear on H4 which usually determines our outlook. Speaking of news: Gold prices remained under strong selling pressure during the European session, extending losses below $2,350. China has paused purchases of gold reserves after 18 consecutive months, exacerbating the decline in gold...
Yesterday, China's announcement of halting gold purchases for the first time in 18 consecutive months caused significant volatility and upheaval in the market. Today (8/6), gold prices took a sudden nosedive, dropping by 3% to below $2,300/ounce overnight. As of now, there's still no news from the Chinese government. According to Jessica's personal prediction,...
Dear traders! Previously after breaking out of the wedge we saw BTCUSD update its high of $71,500, after which it had a corrective move as I predicted. And now it trades relatively stable below $71,000 and we predict BTC will continue the wave of liquidity capture correction below this zone and grow further if it does not succeed in conquering the peak. 71,650...
Dear traders! Overall, Gu is preparing for a fall in the negative zone below 1.2750. The reason for the decline is mainly due to the US Dollar outperforming its rivals after impressive labor market data in May. It is expected that GU's downward trend will be more certain in the coming time, we I am waiting to pull back the sideways supply zone and target selling...
Dear traders! GBP/USD consolidates and remains near weekly highs but below 1.2800. Although the pair tested the trend channel support, the pair seems reluctant to break decisively above that level which could push the price to a year-to-date (YTD) high of 1.2894 Amid a cautious market mood, the US Dollar held its ground and did not allow the pair to move...
Dear traders! USDJPY is still falling. The support at 155.55 failed to turn UJ around and the downtrend continued. But based on the setup and model, it is expected that after UJ drops to 154.80, the price will recover based on the setup of a double top and bottom pattern that is likely to form. This price increase is expected to target the falling channel...
Dear traders! BTC is testing local highs and during the correction is consolidating above downtrend resistance. Confirmation of the trend change will be a consolidation above the price level above 68,870. At this point the realization phase will take shape. We await confirmation of a trend change with a view to further strengthening. Therefore, it would be more...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66400 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66400 support and resistance area. Trade safe, Joe.
Dear traders! Gold has ended the wave of adjustment in the context of market expectations that the US will follow the ECB in loosening monetary policy, in the direction of reducing interest rates in the near future. At that time, the USD will decrease in value compared to many other foreign currencies. Gold prices may increase even more in the future. 2 Plan to...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area. Trade safe, Joe.