Today, XRPUSDT is poised for a subdued trading session as the Bollinger Bands tighten, signaling the anticipation of a new directional move.
Currently, there's a mild recovery underway, yet it remains capped within a longer-term downtrend. I maintain my stance on this cryptocurrency, expecting a continuation of the downward trend once this period of sideways...
Hello traders.
Currently, BTCUSD continues to maintain its bearish trend without any significant reversal, with the price currently consolidating around $63,884 near the boundary of the 34 EMA (reflecting the coin's negativity). If conditions are favorable, we intend to continue selling BTCUSD from this point on, Fibonacci 0.5 and 0.618 also indicate selling...
USDJPY today is recovering on the 1 hour chart, the price slowly slowed down the price increase and formed a reverse hand -held cup model. The price is currently in the range of 154.40 and is expected to decrease more after the model is completed!
The EUR/USD pair has recently encountered significant downward pressure, breaching key support levels.
A double bottom pattern, a classic bullish reversal formation, has formed within the downtrend indicating a potential exhaustion of selling pressure.
We can expect a retracement towards the broken support at 1.07257.
Hello dear traders!
USD/JPY remained defensive below 155.00 early Wednesday, as the Japanese Yen received support from the risks of imminent Japanese intervention. A small decline in the US Dollar and US Treasury yields also weighed on the pair ahead of much Fedspeak.
On the other hand, the US Dollar (USD) extended its recent upward trajectory and climbed to its...
Hello dear traders!
Overall, SOLUSDT is seeing a weak recovery in the bearish trend.
In this scenario, we may consider a selling opportunity as it completes a test of the bearish channel around the 140.00 mark. The target for this decline is at the 124.60 mark.
Good luck and remember to set your take profit (TP) and stop loss (SL) levels properly!
Hello dear Bitcoin traders!
Overall news: With just two days left until the Bitcoin Halving event, BTCUSD is still weak, fluctuating around the $64,000 mark without showing significant changes in trend as it is still in the recovery phase. correction, receiving support from $61,780. However, overcoming the resistance as mentioned on the chart remains the...
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Overall, EURUSD is trading on negative fundamentals below the 1.0726 resistance mark. Currently, it is consolidating around 1.0624, with immediate support seen above the 1.0615 mark. It can be seen that on almost every time frame, EURUSD has leveled off after the previous sharp decline, this is...
Hello dear traders!
In the current context of BTCUSD, the three-day consecutive downtrend is a notable development. The cryptocurrency's steady trading below the $65,500 resistance and lack of signs of a strong recovery could indicate the potential for further downside in the short term. The preparation for short selling orders when BTCUSD breaks below the support...
Gold prices took a dramatic plunge, dropping $20 in just 30 seconds following the U.S. inflation announcement, which exceeded market expectations. Inflation in March rose by 0.4%, surpassing the anticipated 0.3%, putting the Federal Reserve (Fed) in a tough spot regarding future monetary policy decisions.
Inflation’s 0.4% increase in March, pushing the annual...
Hi everybody. Nice to meet you again to discuss and strategize with you today!
Overall, the movement of EURUSD completely meets my needs. After the head and shoulders formation, the price has broken out of the bullish and bearish channel up to now. It is currently in the process of recovering and consolidating above the 1.0600 level.
With the possibility of wave...
Hello dear friends!
Overall, XAUUSD continues to be supported by bulls. Mainly due to crises from the Middle East. It is currently trading steady around $2,384, up 0.06% on the day. Do you wonder why gold increased so strongly?
Regarding international market information: Gold prices rose higher at the end of the North American trading session, up 0.22% following...
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)...
Hello friends!
Currently, Gold prices are struggling below $2,400 early Wednesday after seeing a quiet close a day ago. Gold makes another attempt to regain the $2,400 level, as the US Dollar, following a slight pullback in US Treasury yields, awaits a new series of speakers from the US Federal Reserve.
According to CME Group's FedWatch Tool, markets have placed...
Hello dear friends!
Just as James predicted last week, the downtrend of EURUSD continued last week, the growth did not develop and it continued to decline deeply. Currently EU is trading at 1.0608 and the trend continues to grow. There is no change in momentum here, it mainly continues to decline sharply to test the previous huge liquidity bottoms of the trend...
Ralph Benjamin, hello everyone!
Thus, the price of gold plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations yesterday. Currently, in today's trading session, the uptrend continues, gold is currently consolidating below the $2250 barrier. The uptrend is strong as it consolidates at high levels with...
USD/JPY is experiencing a slight loss, trading around 154.65 in the early hours of Wednesday's trading session in Asia. The robust U.S. economy and challenging inflation data have sparked speculation that the Federal Reserve might postpone the start of its easing cycle to September instead of June, providing a layer of support for the U.S. Dollar.
From a...
Hello dear traders!
Overall, XAUUSD is trading exclusively in a bull market. It has now leveled off after the market's previous surge in the growth channel, with a correction likely to test before further growth. The steady uptrend on the 1h timeframe remains stable suggesting a very positive bullish outlook with a continuation target at $2400.
Accordingly, gold...
