Hi everybody! Today let's discuss XAUUSD. Overall, XAUUSD experienced significant volatility yesterday, specifically breaking through the market's psychological resistance level at the $2070 mark despite market buying pressure weakening. It is currently trading at a new high of $2271 after hitting the 2289-2290 mark, marking a 0.45% decline on the day. So what...
Hello wonderful friends of Ralph Benjamin Let's look at the trends and discuss the next strategy for today! Overall, USDJPY has experienced significant price conflict (indicated by a previously broken resistance line in the market cap-expanding bullish channel) with price gains moving past the 150.00-151 level .00. It is currently trading at a new high of 151.74,...
Hello dear friends! Let's recap the market and discuss our new plan, shall we? Overall, the EURUSD downtrend continued last week. Strong resistance at the 1,080 mark could not cause the EU to break through and the downtrend continued. Currently, EU is trading at the 1.073 mark marking a 0.1% decline on the day. At the same time as indicated (on chart 1D) there is...
Ralph Benjamin hello everyone! On the 1-hour chart, the uptrend channel is still working well. If GU overcomes the resistance level of 1.2648, it will create more upward momentum for GU in the next trading session. Wishing you all the best of luck.
EURUSD This Week: Continuing uptrend or is there a correction coming? Faced with the challenging question of EUR's direction this week, we see that the pair is maintaining a notable bullish streak, reaching 1.084 during Thursday's trading hours. In the short term, technical indicators continue to support the upward trajectory of EURUSD. The pair is attempting to...
BTCUSD Trading Strategy: Overall, BTCUSD has formed a pattern on the 1D chart. It is currently trading steadily at high levels around $67,500 and is near the 34.89 EMA active zone. Currently, the trend is still unclear. These are the two cases mentioned on the 1D chart. Strategy 1: Breakout above the triangle and accumulate above this level to increase the price...
Hi everybody, With an overview, we can see that SOLUSDT is under downward pressure, leaving the established growth channel on the 8-hour chart, demonstrating a 5.86% price drop on the day. However, through analysis, I still maintain an optimistic attitude for the current intraday trend, especially with short-term selling transactions on the 8-hour chart. The...
Hello dear friends, let's explore the EUR price after yesterday's big fluctuations! About today's news developments and results: The weakness of the Greenback can be seen as a factor influencing a certain recovery of EUR/USD, increasing the possibility and appeal of the Euro compared to the USD. Conclude Ahead of the US labor market report, the weakness of the...
Hello dear friends! Overall, EUR/USD showed signs of recovery on Thursday but failed to overcome downtrend line resistance, leading to a fresh downward correction. The support level at 1,080 is being seen as the key to the pair's further recovery. If this level holds, EUR/USD could be headed for a rally. However, the emergence of important USD news later in the...
Exiting the price increase channel has caused the product to drop in price impressively. It is currently trading below around the 2285 and 2290 resistance zones. The downtrend following the profit taking at the $2305 mark is still very strong with stable trading activity on the 1 hour time frame. Therefore, it would not be surprising if I expected the price to...
Hello everyone, do you think gold price this week will end in the number? In my opinion, gold continues to grow increasing according to the long -term chart, but for short -term traders we need to consider the following number: In terms of news: After newspaper of agricultural pH, gold not too much support, the price still increased compared to the early morning...
GBP/USD witnessed a significant daily surge on Wednesday, further escalating early Thursday. The pair has comfortably positioned itself above the 1.2600 mark in the European trading session, with technical outlook indicating an upward trajectory ahead. The widespread selling pressure surrounding the US Dollar (USD) has been a catalyst propelling the GBP/USD...
Hey everyone! What are your thoughts on trading SHIBUSDT today? Personally, I'm leaning towards short-term selling as the price remains below the EMA 34 and 89 lines, and the reversal at EMA 34 seems to favor the sellers. I'm planning to stick with my analysis and opt for selling. How about you? Just a reminder, this is merely a trading idea, so make sure to set...
Dear friends, let's discuss and strategize for today's gold price! Overall, the medium-term outlook still suggests upside for gold towards new global ranges. At the time of writing the price is trading steady around $2,278, highlighting a 0.53% decrease on the day. Today's Unemployment Rate and NonFarm Claims are strong news, bringing unpredictable declines, we...
Hello dear friends! Let's discuss and strategize our new day! Overall, XAUUSD has experienced the most significant and notable price increase this year, specifically yesterday it increased in price past the level of 2265 USD. It is currently trading at a new high of $2293, after hitting $2305, marking a 0.23% decline on the day. So what comes next, higher or a...
Hello dear traders! What do you think about GBPUSD? Overall, GBPUSD fell as we predicted after reaching the limit of the rising price channel. It is currently trading around 1.262, with the focus being that the pair is facing a fierce reaction from the consolidating 34.89 EMA on the 2H chart. I think GBPUSD has enough strength to "cool down" and test the limit...
Today, the market witnessed gold prices correct slightly after peaking at $2,300 and then falling to $2,272. This is an important development showing positive fluctuations in the short term but does not affect the long-term price upward trend of gold. In the current economic climate, with high inflation and strong economic data, the Federal Reserve (Fed) will...
During the week, GBP/USD saw an impressive jump, especially on Wednesday and early Thursday, breaking above the 1.2600 threshold thanks to widespread USD selling pressure. Risky market sentiment and the growth of US stock futures support the upward momentum of this currency pair, making it difficult for the USD to have a chance to recover in the short term. With...