Therefore, the BTC/USD pair will likely react to the upcoming statements by several Federal Reserve officials like Mary Daly, Loretta Mester, and John Williams. Jerome Powell, the Fed Chair, will have a speech on Wednesday. The other important BTC/USD news will be the upcoming Bitcoin halving event, which will happen later this month. Halving will reduce the block rewards
This was not a great call as the price rose strongly over the course of the day. However, the price quickly fell back to where it had been and has been consolidating below $1.2653 ever since. The picture looks bearish if the price remains below $1.2656 and looks likely to fall further – the price action look
Gold price trades higher, near all-time highs around $2,260. The precious metal strengthened after breaking above the prior lifetime high of $2,223 on March 21. More upside in the Gold price is possible as it is trading in an unchartered territory. All short-to-long term Exponential Moving Averages (EMAs) are sloping higher, suggesting strong near-term demand. The...
The EUR/USD pair retreated ahead of crucial statements by key Federal Reserve officials. Michele Bowman, the head of the Kansas Fed, John Williams of New York, Loretta Mester of Cleveland, and Mary Daly of San Francisco, These will be important statements since they will come a day after the US published strong manufacturing data. According to the ISM, the...
FX:AUDUSD FX:GBPUSD OANDA:NZDCHF OANDA:GBPCHF OANDA:AUDCHF OANDA:EURHKD
The 200-day moving average (blue line) at 0.6535 is a notable resistance point for now. Keep below and sellers will continue to stay poised in testing the 0.6520 level again. There is some added downside support around 0.6485-82 and that is preventing a steeper fall in the pair for now. But a break below that sets up a retest of the February low of 0.6441...
While bullion’s technical profile continues to be bullish, with a clear pattern of higher highs and higher lows, caution is advised, with the 10-week RSI indicator signaling possible overbought conditions. When markets become overextended in a short period of time, corrective pullbacks often follow, even if they turn out to be temporary or relatively minor. In the...
A push below 191.00 could pave the way for a deeper pullback. The next support would be the Kijun Sen at 190.71, followed by the March 25 wing low of 190.32. A breach of the latter would expose the next support level at 190.02 On the other hand, if GBP/JPY stays afloat and rallies above the Tenkan-Sen, that would open the door to challenge 192.01. Further gains...
GBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPJPY selling area zone this entry level position long term resistances Breakdown Of supported issues needed too become there First signals off Medium terms toppings Otherwise the current situation
The Fed signaled they want to be cutting rates and there’s a geopolitical risk concern that continues t markets around these wars, both in Ukraine and in the Middle East, which is gold supportive,” Ilya Spivak, head of global macro at Tastylive said. “Gold prices are in a rangebound trade for most time this month and a break above current resistance level around...
XAUUSD adopt a more hawkish posture signaling that more patience is needed before removing policy restraint and that fewer rate cuts than initially anticipated
On the daily chart, we can see that GBPJPY got rejected by the upper bound of the rising channel and extended the drop as the BoE made another step towards rate cuts with the hawkish members changing their vote from a hike to a hold. From a risk management perspective, the buyers will have a much better risk to reward setup around the lower
Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 should target 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. Firm break there will target 0.9243 key medium term resistance next. On the downside, below 0.8963 minor support will turn intraday bias neutral and bring consolidations first. But outlook...
GBPJPY falling soon which is generally considered a signal of weakening momentum often followed by pullbacks or reversals In this case it might be a signal for a pullback into the lowered bound Of the channel but we will need a catalyst to kick off such a big corrections
USDJPY seemingly routine trades can upset the delicate balance between supply and demands with fewer traders around to absorb buy and sell orders Hence exercising caution is highly recommended for these
“The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.” Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of...
On the 4 hour chart, we can see that the price recently broke out of the trendline that was defining the uptrend since the 146.50 level. We can also notice that we had a double top at the resistance level, but the price will need to break below the neckline at 150.36 to confirm it. This recent breakout should point to at least a pullback into the neckline, but...