BINANCE:FETUSDT (1D CHART) Technical Analysis Update FET is currently trading at $2.6813 and showing overall bullish sentiment FET has formed a nice flag pattern and the price is waiting for breakout. IF the price breaks out then we have a good opportunity for long trade Entry level: $ 3.01 Stop Loss Level: $ 2.04 TakeProfit 1: $ 3.73 TakeProfit 2: $...
BINANCE:GRTUSDT (4H CHART) Technical Analysis Update GRT is currently trading at $0.3942 and showing overall bullish sentiment. Currently the price has formed a nice descending triangle. Price has successfully broken out from the descending triangle and now the price is retesting. This is a good opportunity for a long trade with decent RR. Entry level: $...
Hey everyone, what's your take on GBPUSD today? We're sitting at a neat 1.267, and it looks like we're about to smash through that downtrend trendline. This could be our green light to jump in on a Breakout strategy, especially with EMA and support levels giving us a thumbs up. I'm eyeing that 1.279 resistance as my target. How about you? What's your game plan?
Gold's price hike hits a new record, fueled by significant buying interest and geopolitical tensions, as attention shifts to the upcoming Federal Reserve (Fed) policy meeting minutes and US inflation data. On April 9th, spot gold slightly rose by 0.1% to $2,341.85/oz, reaching a peak of $2,365.09/oz, while futures gold increased by 0.4% to...
The GBP/USD currency pair has shifted from an upward trend to a sharp downward trend, pushing the decline to the crucial level of 1.2600 during Wednesday's US trading session. This is a result of the strength of the US dollar, particularly following the release of inflation data from the United States. On the 4-hour chart, the Relative Strength Index (RSI) has...
Hello,Friends! EUR/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.649...
Please, check our technical outlook for GBPAUD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.915. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.929 level. P.S Overbought describes a...
The British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially as investors await data on the Consumer Price Index (CPI) of the United States. On the...
In Wednesday's European trading session, we witnessed an expansion of the sideways trend of the EUR/USD currency pair. This occurred as the US Dollar (USD) strengthened its recent losses in response to significant CPI inflation data from the United States. Looking at the 4-hour chart, we observe that the Simple Moving Average (SMA) and the Relative Strength Index...
Gold's on the rise again, hitting $2,352.5 early in Asia . The uptick's all about folks ducking into safe havens because of conflict worries. Eyes are peeled for the Fed's notes and the US inflation figures dropping later to get the scoop on where interest rates are headed. If March's CPI spikes more than we're thinking, it could shake up the gold scene. But if...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85450 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85450 support and resistance area. Trade safe, Joe.
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
The Euro is still fluctuating around the 1.0850 level, constrained by support and resistance levels. Looking at the 4-hour chart, signs of price increase are still evident at the current moment. EUR/USD is expected to encounter the highest initial resistance level so far in April at 1.0885, and then continue to rise to higher levels. The price remains above the...
EUR/USD started the new week on a strong note, bouncing back to the 1.0860 area after Friday's dip. Market sentiment remains optimistic despite reduced bets on a June Fed rate cut, while the 10-year US Treasury yield hit a 4-month high at nearly 4.43%, reflecting shifted expectations for Fed rate cuts later this year. Despite strong US Non-Farm Payroll data...
The price of gold is gently declining below $2,350 in Wednesday's Asian trading session, following its new record high of $2,365 on Tuesday. Gold traders seem to have pocketed profits after a relentless rally and ahead of the highly anticipated release of the US CPI inflation data. On the 4-hour chart, overbuying pressure has begun to weigh on XAU/USD. Technical...
The Gold market has experienced some fluctuations in recent days. In Wednesday's Asian trading session, the price of gold saw a slight adjustment as it dropped below the threshold of 2,350 USD, after reaching a new record high on Tuesday at 2,365 USD. Looking at the chart, we can observe signs of price correction towards a retracement, followed by a short-term...
Hey there, trading warriors! 🌟 Today, gold's ascent continues, with its long-term bullish trend still receiving hearty applause. Currently, this precious metal is gracefully navigating around the $2342 mark in the early hours of Tuesday. The stage is set for the bulls to keep their strategies shining, as the price confidently struts above both the EMA 34 and 89....
Hey everyone, what's your take on today's glittering gold market? Gold continues its bull run into Tuesday, cruising around the $2356 mark, boasting an impressive surge of about $17, roughly equivalent to a 170 pip climb. With gold having shattered its previous resistance levels, predicting its next move is more art than science, hinging largely on market...