On Wednesday the British Pound (GBP) hovered around 1.2750 against the US Dollar (USD). Despite the release of the UK's Gross Domestic Product (GDP) and monthly Industrial Production data, the currency pair remained largely unaffected. From a technical perspective, GBP/USD continues to trade within its ascending channel. The lower boundary of this channel...
Hello traders, On Wednesday, EUR/USD climbed higher as market risk appetite increased following lower-than-expected U.S. Consumer Price Index (CPI) inflation data. However, the pair's gains were capped by the Federal Reserve's hawkish stance on future interest rates, leading to a late-day pullback. Trend Analysis: Current Range: We anticipate that EUR/USD...
Hello everyone, In today's trading session, gold has seen a slight increase. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting, starting this morning (June 12), could push gold prices down. While demand from bargain hunters has boosted gold prices, the rise is capped by the strong U.S. dollar. Recent positive...
Current Movement: Recovery: The Japanese Yen regained some strength on Thursday as the U.S. Dollar (USD) surged, influenced by the Fed’s hawkish stance. USD/JPY Impact: This Fed's position boosted the USD/JPY pair higher. -Fed's Decision: Interest Rates: The Federal Open Market Committee (FOMC) kept the benchmark interest rate steady at 5.25%-5.50% for the...
Today, let’s dive into BTCUSD. From my perspective, the outlook remains bearish. Here’s why: -Technical Analysis: Current Price: BTCUSD is trading around $67,600, having lost 0.84% today. Trend: The price continues to follow a clear downward trend. EMA Indicators: The coin is positioned below both the EMA 34 and EMA 89, with the EMA 34 showing a bearish...
Hello Everyone, Brian Here! Yesterday, gold moved just as I had analyzed and is currently trading steadily around $2314 in the early hours of today. In the short term, gold has broken its trendline, and we’re seeing the EMA 34 and 89 starting to converge. If the support level at $2310 is breached, I’m planning to continue selling. Wishing you all a successful...
Hello, friends who love trading EURUSD! Today, we’re observing EURUSD continuing its downward trend, with the price currently hovering around 1.080. -Market Recap: Yesterday's Action: Following the news, EURUSD quickly surged and filled the gap but couldn’t sustain the upward momentum for long. Technical Outlook: Price Pattern: The pair is trading within a...
Today, EUR/USD is sticking to its downward trend, trading around the 1.073 mark. The pair is struggling to attract buyers and is under pressure from several factors: Fed Rate Cut Speculation: The ongoing bets on a potential rate cut by the Federal Reserve continue to bolster the USD, making it harder for EUR/USD to gain any upward momentum. European...
Hi everyone, Today, we are witnessing a solid recovery in gold prices. Currently, gold is hovering around the 2315 USD mark and continues to trade well within its short-term upward channel. I remain optimistic about gold's upward movement until we receive the CPI news later today. What do you think? Do you believe the CPI report will help gold continue its...
Hello everyone! As of now, BTCUSDT has reached the 67k USD mark, just as I anticipated yesterday. Today, I continue to see a downward movement for this coin due to several reasons: -The bearish trend is still in play. -The price remains below the EMA 34 and EMA 89. -The confluence of the EMAs and resistance levels provides strong signals for sellers. Given...
As of now, the price of gold remains steady, hovering around the 2313 USD mark. Technical analysis indicates that gold is in the midst of a recovery and is approaching the resistance level at 2320 USD, aligning with the 0.618 Fibonacci retracement level. Additionally, since gold is still trading below the EMA 34 and EMA 89, the sellers currently have the upper...
Hey there, amazing friends! What do you think the next trend for gold will be? On today's chart, a close look at the 4-hour timeframe with the Bollinger Bands indicator shows that gold is trading within a narrowing band. This suggests a potential upcoming shift in volatility. For today, I anticipate that gold will fluctuate between the resistance at $2347 and...
Hello traders! When it comes to XRPUSDT, the long-term outlook on the 1D chart shows that this pair has broken through its ascending trendline and is now setting up for a continued downward trend. Adding to this, the reversal from the EMA 34 remains stable. The fact that the price is moving below both the EMA 34 and EMA 89 signals a strong bearish advantage and...
The price of this coin is currently consolidating and moving below the 34 and 89 EMAs. The support level at 0.4471 serves as the final defense for XRPUSDT. If this level is breached, XRPUSDT is likely to decline further. Conversely, this point is crucial for a bullish reversal. What do you think?
What are your thoughts on the current gold price? At the moment, gold is trading higher than it was at the start of yesterday's session, approaching the 2313 USD mark. The Bollinger Bands indicator shows a widening downward trend, suggesting further price pressure. Additionally, the descending trendline formed from the previous two peaks remains unbroken. This...
Hello, wonderful friends! What are your thoughts on SOLUSDT? From my analysis of the chart and personal perspective, I see SOLUSDT currently undergoing a correction after its previous strong rally. In the short term, I'm expecting to sell once the price establishes new highs within its accumulation phase. What do you think?
Hey Traders, What Are Your Thoughts on SOLUSDT? Let's dive into the current analysis of SOLUSDT and discuss its potential downtrend with a few key points: Downtrend Confirmation: SOLUSDT is currently in a clear downtrend, with a descending trendline that remains intact and unbroken. EMA Levels: The price is hovering around the EMA 34 and 89 lines, showing a...
Hello everyone, what are your thoughts on trading EUR/USD today? Currently, EUR/USD is moving sideways, staying just below the 1.0750 level during Wednesday’s Asian session. Given the upcoming U.S. CPI data and Federal Reserve policy announcements, it’s wise to avoid making new bets on this currency pair until we see how these events play out. They are likely to...