As the cryptocurrency market continuously witnesses new developments, BTCUSD is not out of the game with notable positive developments. Enveloped by a narrowing wedge pattern, BTCUSD is progressing gently and steadily, as evidenced by creating higher and higher lows without any significant breakouts. This not only highlights the preference for the uptrend but was...
Hello dear readers! Overall, USD/JPY remains defensive today below 151.50 following the release of Japan's soft CPI report and mixed Retail Sales and Industrial Production data on Friday. Japan's verbal interference also weighed heavily on the couple amid poor weather on the Good Friday holiday. US PCE inflation awaits. In the short term, I still expect a...
Dear friends, Today, BTCUSDT continues to remain in a nice bullish channel. The cryptocurrency market is trading around a significant range of $70,404, showing stability compared to yesterday's trading session. In general, the price increase momentum is still firmly consolidated. Specifically, a pattern has formed on the chart. Theoretically, the price will break...
Hello dear friends! Nice to meet you. Currently, USDJPY continues to trade steadily at levels above the 1D ascending channel. Looking ahead: We expect the interest rate differential between the US and Japan to narrow, which along with other factors should support the JPY. In contrast the Fed is expected to cut as soon as June, with a probability of 69.9% rates...
Hello dear friends! Currently, EUR/USD is holding its range above 1.0800 early Thursday. The pair moved sideways as the US Dollar struggled, despite hawkish comments from Fed Governor Waller. The Euro awaits German economic data for new trading incentives. The 4-hour chart shows a revival of the downtrend. That means the initial support level at 1.0801, will be...
Hello Fellow XRPUSDT Traders, A Surprising Turn for XRPUSDT: Yesterday, we delved into the upward movement of XRPUSDT on the 4-hour chart. However, the market took us by surprise as XRP broke down unexpectedly from its support level and ascending trendline. This shift has painted a rather bearish picture for XRP in the short-term outlook. XRPUSDT's Current...
Hello everyone, let's summarize and come up with a strategy for today! Today, BTCUSDT is fluctuating around $70,218 after pulling back from its two-month high of $71,565 earlier this week. The recovery of BTCUSDT is supported by a breakout from its previous downtrend channel and an escape from the previous sideways trend. At the same time, the current momentum...
Hello everyone, we start a new day with new opportunities. Today, let's analyze and devise a strategy for BTCUSD, the market leading cryptocurrency. BTCUSD continues to maintain in its strong bullish channel. Despite some headwinds in maintaining its upward momentum after hitting a new high at $71,750, it is currently at $69,538, up a slight 0.17% on the day. In...
Hello everyone, let's discuss and strategize today! In general, gold continues to move sideways in the 2185-2150 range, without too many significant fluctuations. It is currently trading around the $2,170 mark, marking a 0.05% decline on the day. Amid strengthening dollar index, pressure from 2185-2180 resistance appears on gold. XAUUSD set a new peak last week...
Hello everyone, let's discuss and strategize with me today! Overall, GBPUSD fell exactly as I predicted. Accordingly, it remains confined below the 1.2650 resistance level, the pair is currently trading at 1.2614, after hitting 1.2637 marking a 0.21% decline on the day. Meanwhile, it is worth noting that: The US economic calendar will not provide any data...
Hi everybody. Let's discuss and strategize for the new day! Overall, USDJPY is opening up a huge liquidity zone from the 149.00 mark. It is currently trading in a range around 151.85-150.98, after hitting 151.87, highlighting a 0.04% decline on the day. USD/JPY extended its consolidation period below 151.50 during the Asian session on Tuesday. Fears that...
Hello dear friends, Let's discuss and plan our strategy for the new day together! In general, XAUUSD is facing difficulties in surpassing the resistance level of $2222. However, it remains stable within the ascending channel. Moreover, upon careful observation, we can see that a cup handle is gradually forming. Based on these factors, my expectation is for a...
Dear friends, USDJPY continues to regain some momentum as it recovers the 152.00 level, but the overall and long-term trend remains upwards. In the short term, UJ may still face pressure from the modest retreat of the USD. Meanwhile, investors are still awaiting news that could have a significant impact on the market. Specifically, the US economic report on...
Hello dear friends, nice to meet you again, let's discuss and strategize to specifically evaluate today's trends with me! Looking ahead to news impact on gold: In the medium term, Gold could be significantly impacted by the USD rebound. Meanwhile, Gold continues to trade in an expanding upward trend. Specifically, the short-term trend is to increase and the...
Hello dear friends! XAUUSD continues its uptrend, currently at $2189, marking a loss of nearly 0.24% on the day. Overall, XAUUSD is having difficulty approaching the $2200 resistance level, in line with our prediction yesterday. Looking ahead: One of the factors driving gold prices today is that the market increasingly expects the US to reduce interest rates by...
Hello dear friends! ETHUSDT is operating well in its upward channel. It is currently trading at a high of $3619, after hitting $3680, marking a 0.91% gain on the day. In the short term, ETHUSDT will likely still struggle from the $3650 resistance level. However, the technical outlook remains bullish and somewhat reinforces the continued upward trend. I expect,...
Hello, community! Today has been a positive turn for ETHUSDT, continuing to be dominated by bullish sentiment. As previously predicted, ETH has shown a strong rebound, demonstrating its strength from a crucial support trendline. Technical Analysis: Utilizing the Exponential Moving Averages (EMAs) with periods of 34 and 89, we observe that ETHUSDT maintains its...
Hello smart and wealthy traders, what do you think about BTCUSDT, bullish or bearish? In the short term, the price could correct, a false breakout could see the price fall sharply. In particular, maintenance will lead to price increases. Technically: EMA 34 is leaning towards a continued uptrend. Given the current scenario, I recommend prioritizing a buying...