At the close of trading on May 10th, the spot gold price rose by $15 USD to reach $2,360 USD. At one point during the session, the price reached $2,375 USD. For the entire week, the precious metal saw a 2.5% increase, marking its strongest weekly gain since early April. Gold surged after the May 9th report indicated weakening conditions in the US labor market,...
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...
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...
Trading strategy for BTCUSDT: Currently, BTCUSDT is trading around $62,800 USD and showing signs of recovery with support from the $61,000 USD level. The next target is the resistance level at $64,700 USD, followed by $68,700 USD. I highly favor the buying strategy in the current situation. What about you? What do you think about the next trend?
ETHUSDT continues to trade within a long-standing downtrend channel, with the RSI index remaining stable around 44.30, indicating a sustained trend. Looking ahead, the bearish camp still holds sway, with expectations of a decline towards the 2219 zone after another price rally hits the upper limit once again!
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!
Hello everyone ! SOLUSDT has been on a recovery trend for several days. The price is currently trading around $154.30 USD, and according to the trendline analysis chart, there is strong potential for price increases expected to occur after the retreat to the 0.5 - 0.618 Fibonacci retracement zone.
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
Hello everyone, In the realm of cryptocurrency trading, BTCUSDT is currently navigating through a volatile phase. Despite moving within a price range with a gradual downward trend for several weeks, it is currently trading around $60,900 USD and has lost 0.5% for the day. However, taking a long-term perspective, BTCUSDT is following the structure of a bullish...
Greetings everyone, Today, GBP/USD surged higher to nearly 1.2540 thanks to better-than-expected Gross Domestic Product (GDP) data from the United Kingdom in the first quarter. The upward momentum is further supported by the convergence between the EMA 34, 89, and the current support level. The price target above the resistance level at 1.255 is being aimed for!
Take a look at our analysis for BITCOIN. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 60859. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 66928 level. P.S The term oversold refers to...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36500 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area. Trade safe, Joe.
Ashok Leyland looks bullish in the hourly chart. there was a correction in the price but the stock has recovered well. i have bought 210 ce as my target in Ashok Leyland is 205 & 210 #educational purpose only
Gold Update: According to the weekly report from the US Department of Labor, the number of initial unemployment claims in the country has risen to its highest level since August last year. In the week ending on May 4th, the number of initial unemployment claims in the US increased by 20,000 compared to the previous week, surpassing expectations, reaching...
10-05 The candle made is a strong bullish candle which is attempted breakout. can buy with open targets #educational purpose only
The global gold price continues its upward momentum, with gold rising to $2,360 USD per ounce. As a result, the precious metal sees its strongest increase in five weeks, as investors increasingly believe that the US Federal Reserve will soon loosen monetary policy. Furthermore, optimism rises as recent data suggests a slight cooling off in the US economy. This...
Take a look at our analysis for EURUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.073. Considering the today's price action, probabilities will be high to see a movement to 1.076. P.S We determine oversold/overbought condition with RSI indicator. When...
Hey folks, Brian here. Today, XAUUSD is making a comeback on the track with a recovery since its last touch at $2300 USD, now trading around $2350 USD, marking an increase of nearly 500 pips. On the 1D chart, XAUUSD is regaining bullish momentum after touching the EMA 34 line, signaling long-term growth prospects are still intact.