Hi everybody! Now, EUR/USD continued its losing streak for the sixth straight session on Tuesday, hovering near 1.0620 during Asian trading hours. Strength in the US Dollar (USD) puts pressure on the EUR/USD pair, possibly boosted by rising US Treasury yields. Additionally, stronger-than-expected Retail Sales data from the US raised expectations that the Federal...
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...
Dear readers! BTCUSD is trending down, currently trading around $63,000, marking a 0.71% drop on the day. Based on the one-hour chart, I plan to sell because the uptrend line has been broken and the cryptocurrency is also trading below the 34 and 89 EMA, which suggests the possibility of a deeper decline. . I aim to reduce it to $60,000. What do you think about...
Hello dear traders! Overall, gold experienced significant volatility yesterday, it rose more than 1% during the trading session. Weekend news causes concerns to persist as Iran launches a major attack on Israel, raises concerns about Israeli retaliation for borrowing costs, which will create favorable conditions for the yellow metal. Regarding news impact:...
GBP/USD traded slightly lower on the day below 1.2450 during the early European session on Tuesday. Data from the UK showed that the ILO Unemployment Rate in February rose from 4% to 4.2%, putting pressure on the British Pound. Later in the day, Fed Chairman Jerome Powell will speak on the economic outlook and monetary policy. Investors will also closely monitor...
Hello wonderful friends of Ralph Benjamin! International market information today: Gold prices increased again in the context of escalating geopolitics, especially in the Middle East. It is currently trading steady around the $2,370 mark, marking a 0.58% drop on the day. Overall, geopolitical uncertainty surrounding the growing chaos in the Middle East has...
Hello dear traders! The Japanese Yen remains near multi-decade lows amid BoJ's dovish outlook. Bets on a Fed rate cut will lift USD to new year-to-date highs and provide further support for USD/JPY. Intervention concerns and softer risk levels could help limit deeper losses in the safe-haven JPY. On the other hand, the US Dollar (USD) extended its recent upward...
Hi everybody! Gold prices (XAU/USD) fluctuated in a narrow trading range entering the European session on Tuesday and remained within striking distance of all-time highs reached last week. The US Dollar (USD) rose to its highest level since early November amid expectations that the Federal Reserve (Fed) will delay interest rate cuts amid rising inflation. The...
Hello dear traders! Let's discuss and strategize for the new day with me! Overall, SOLUSDT which experienced significant volatility yesterday continued to decline significantly for a third day, trading around the price of $132.50, down 4.45% at the time of writing. The downtrend is very strong as it is stable on the 1D chart. Two key support levels at 170.00 and...
Hello dear friends! Let's review and strategize with me today! According to Kitco, the world gold price recorded today is around 2,380.95 USD/ounce. Today's gold price is 37.66 USD/ounce different from yesterday's gold price. Safe-haven demand due to concerns about escalating tensions in the Middle East continued to provide a boost to the yellow metal in the...
Hello dear traders! Join me in discussing and strategizing for the new day! Currently, USD/JPY is at a multi-decade high of 154.00 during the European session on Monday. The Japanese Yen continues to be weakened by the BoJ's uncertain outlook on future interest rate increases. Concerns about intervention and persistent geopolitical tensions could help limit...
Hello dear traders, let's discuss and plan a new day's strategy with me! Overall, GBP/USD recovered early Monday and rose above 1.2450 after falling to its lowest since November of 1.2426 before the weekend. The technical outlook suggests the bearish bias remains intact but de-escalation in geopolitical tensions could help the pair prolong its...
Hello warriors! Please join me in discussing and strategizing for the new day! SOLUSDT continues to form a correction during the recovery phase again, receiving support at 130.85. However, overcoming the broken support level around 167.00 is still a challenge and a target. If the bulls cannot muster enough strength to overcome this support, the bears could sink...
BTCUSD struggled with strong selling pressure from short-selling investors, causing the price to plummet to $65,300 at the beginning of the trading week. This downtrend resumed after key support levels were broken. According to technical analysis, the downward trend is likely to continue due to the appearance of a triple top pattern on the chart. If this...
Hello dear traders! ETHUSDT continues to trade in a short-term bearish trend. Overall, ETHUSDT is showing bearish signals as the downtrend channel remains intact, with highs and lows gradually forming. In the short term, the bearish outlook remains intact as long as the bearish channel's limited resistance is not breached, we will see further downturns in the...
Hello dear friends! Please discuss with me! BTCUSDT is currently showing signs of recovery after a string of sharp declines, currently trading at around $66,500, up 1.38% on the day. However, there remains some uncertainty as to whether the uptrend can reestablish, as the price has yet to break above the resistance at $67,600. Overall, the previous downtrend is...
Hello dear traders! Overall, EURUSD volume is still falling, however the previous downturn has leveled off after the previous sharp decline (as I predicted earlier). It is currently trading at 1.0676, after touching 1.062, marking a 0.18% gain on the day. A broad decline in the US dollar and improving risk appetite bode well for the pair, as markets weigh the...
Hello dear traders! Come discuss and strategize with me today! Today XAUUSD is still moving according to the strategy of continuing to trade below the $2365 resistance level that needs to be broken. I still maintain my view and continue to wait for a market correction signal (as indicated on h4) with a target of 2280 USD and a retest of EMA 34.89.