The EUR/USD currency pair has surged higher, reaching the level of 1.0672 on Thursday at the start of the Asian trading session. This recovery is being strongly propelled by the downward pressure on the US Dollar, opening up a wide door for the Euro to recover and increase in value. Looking at the chart, we can easily observe the transition from a downtrend to an...
XRPUSDT experienced a sharp decline over the weekend, swiftly breaking through several key support levels. Currently, the price continues its downward trajectory, with only a minor recovery to around $0.5166. Technical analysis charts indicate that the bullish trendline has been decisively breached, drawing the price toward the 0.5 Fibonacci level, which is now...
Hello everyone, following last week's sharp decline, EURUSD appears to have stabilized, with prices not showing significant changes from the start of the week, hovering around 1.063. The downward trend remains intact, and the descending trendline continues to be effective, favoring sellers. Looking ahead, the relatively weak economic foundations in the Eurozone,...
EUR/USD has continued its descent, nearing the 1.0620 level, moving away from the year-to-date low of 1.0600 recorded at the start of Wednesday's Asian trading session. However, hawkish comments from Federal Reserve officials and the flow towards safe-haven assets could bolster the US Dollar and restrict any near-term gains for this currency pair. Nonetheless,...
With just two days left until the Bitcoin Halving event, BTCUSDT remains weak, hovering around the $63,800 mark without showing significant changes in trend, as it is still in a correction phase. It successfully broke the uptrend trendline and found some minor recovery momentum around the $61,000 support level. However, the path ahead for BTCUSDT is fraught with...
BTCUSDT is currently trading within a descending channel on the 1-hour chart, with prices moving toward the $64,200 level, which is near the upper boundary of the channel. If conditions are favorable, we plan to continue shorting BTCUSDT from this point. However, if this cryptocurrency successfully breaks out of this downtrend, we will reassess the situation to...
Although USD/JPY is still in an upward trend, the market is currently experiencing a notable correction phase. Looking at the chart, it's evident that prices are rebounding and undergoing a downward adjustment, resulting in a certain level of volatility. It is expected that prices will test the SMA 20 moving average area before resuming a stronger upward momentum.
GBP/USD is holding its latest increase above 1.2450 in the European trading session on Wednesday. On the 1-hour chart, we see a positive signal as GBP/USD has surpassed both the simple moving averages SMA 20 and SMA 50. The prediction is that the price will surpass the SMA 100, which is a sign of a strong uptrend. And the target is aimed at the psychological level...
Overall, EUR/USD is currently reflecting a downward trend due to the strong growth pressure of the US dollar (USD). This pressure has pushed prices down near the 1.0620 level in the early Asian trading session on Wednesday. However, technical analysis suggests that the market may experience a short-term upward correction. The possibility of prices rising to touch...
Gold hit its lowest price of the week at 2,354 USD in Wednesday's US trading session, failing to surpass the 2,400 USD mark. The inability to reach the 2,400 USD milestone has cast uncertainty over Gold's upward momentum, leading to a decline in its price. Looking at the 1-hour chart, we can observe the downward trend of the gold price based on trading below the...
Today, gold prices maintained their high stance, oscillating around $2385 and briefly approaching the $2400 per ounce mark. Escalating tensions in the Middle East have bolstered gold's appeal. Recently, there has been a consistent influx of capital towards gold as a safe haven. The metal could potentially surpass the $2400 per ounce threshold again if conflicts...
Gold prices continue to climb today, driven by a heightened demand for safe-haven assets as tensions between Iran and Israel escalate, prompting investors to flock to the gold and U.S. dollar markets to protect their wealth. Despite the strengthening U.S. economic indicators and the rising U.S. dollar index—which raise concerns that the Federal Reserve (Fed)...
The U.S. Dollar has gained against the Japanese Yen in early North American trading, bolstered by strong U.S. economic data and a range of comments from neutral to hawkish by Federal Reserve officials. The USD/JPY is trading at 154.61, up 0.22% from the open, maintaining its upward trajectory. USD/JPY buyers might push the exchange rate to challenge the 155.00...
Gold prices are currently wrestling with the $2,400 mark at the start of Wednesday, following a quiet close the previous day. The precious metal is making another bid to reclaim the $2,400 threshold as the U.S. dollar weakens slightly due to a dip in Treasury yields, all while anticipating a new lineup of speakers from the Federal Reserve. Gold remains at a...
AUDUSD experienced a slight recovery today, reaching 0.642, yet the overall trend remains bearish according to the daily chart, as this pair has twice attempted and failed to breach the resistance level at 0.662. Sellers continue to dominate, evidenced by the breakdown of the uptrend line. On the upside, AUDUSD might see a minor correction to retest the breakout...
Hello,Traders! AUD-JPY is trading in a Rising channel and the Pair will soon retest the Rising support of the channel From where we will be expecting A bullish rebound and a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37600 support and resistance area. Trade safe, Joe.
Overall, GBP/USD is still maintaining a downward trend. This currency pair continued to decline during Wednesday's US trading session. Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply. In this context, investors need to be cautious and carefully...