Hello everyone, let's discuss and strategize our new day! Overall, GBPUSD experienced significant volatility over the past day with the downside breaking through the upside channel at 1.2676. It is currently trading at 1.2551, after touching 1.2520, marking a 0.09% gain on the day. On impact news: The British Pound fell late Wednesday in North American trading,...
Hi everybody! Currently, the XRP/USDT pair is quite stable and there is not much fluctuation in the rising price channel on the 1-hour chart. The price is currently hovering around $0.617, up slightly by 0.11% on the day. According to what is shown on the H1 chart, as long as the current support level in the trend channel is not broken, we can continue to look...
Hello traders! Here is my highly recommended long-term BTCUSDT Trading Strategy today: BTCUSDT is currently consolidating above highs with a stable trend on the 1D timeframe. In the short term, the bears seem to have the upper hand as the price is showing signs of retesting the EMA 34.89 and retesting the bullish channel. In the long term, this correction is of...
Hello traders, let's discuss and strategize our new day! On international market news: GBP/USD maintained its position in positive territory, fluctuating around 1.2650 during the Asian session on Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data expected on Wednesday. The US Dollar (USD) faces challenges amid volatile...
Gold just took a nosedive, losing $20 in a blink right after the U.S. dropped its latest inflation stats, which were hotter than everyone thought. March saw a 0.4% jump instead of the 0.3% everyone was betting on. This puts the Fed in a bit of a bind, trying to steer the monetary policy ship without tipping it over. With inflation pushing a 12-month rise to 3.5%,...
Hello everyone, let's discuss and strategize today! Overall, BTCUSDT is currently in a market correction phase after a long period of gains, it is currently trading steadily above the $68,800 level and it appears that sellers remain confined below the higher $70,000 resistance level at level of 70,500 USD. I expect the price to rebound to retest the previously...
Hello traders, let's discuss and strategize our new day! Overall, XAUUSD continues to grow at high levels, with trading activity across most timeframes, suggesting a very positive bullish outlook. So do you wonder why gold increased so strongly? About impact news on April 10: -Fed meeting minutes and consumer price index data will be published on April...
Hey there! Let's talk EUR/USD. We're not expecting this currency pair to make any big moves until the US Consumer Price Index (CPI) numbers are released. Everyone's got their eyes peeled to see if the US prices have gone up by 3.4% this March compared to last year, which is way above the Fed's comfy zone of 2.0%. And until those prices cool down a lot more, the...
Hello traders! Today, BTCUSDT is still moving according to the strategy of once again going through a correction phase and being limited below the Bollinger Band resistance level of 70,800 USD. However, overcoming this resistance remains a challenge and a goal. Currently, BTCUSDT is currently trading steadily above the $68,580 support level where the price has...
Hello dear traders! Overall, XAUUSD experienced significant fluctuations yesterday, the price reached the 2354 level and retraced. But! As of now the market has quickly bought back the dip (making the 2350-2354 resistance level an interesting resistance between sellers and buyers). Breaking above this resistance mark will cause the market to rebound following the...
Dear friends! Great to see everyone again and chat and strategize today! I'm eyeing a short position in BTCUSD. Using the excellent tool Fibonacci measurement from Tradingview The best point for an entry appears to be between the 0.50 and 0.618 retracement levels, right where the short scalpers are aiming. Sell setup: $69,957 to $70,493 Stop loss: $71,500 Take...
Hello everyone, let's discuss and come up with short-term strategies with me! Overall, ETHUSDT has leveled off after the sharp decline. It is currently trading steadily above the $3,480 support and below the $3,530 resistance. Theoretically, the price range will regulate the trading that takes place between levels. In this scenario, it is likely that the market...
Ralph Benjamin, hello everyone! Thus, after a long period of decline, EURUSD ended the week with an increase, currently trading at 1.0836. It can be seen on most timeframes that the EU is achieving significant gains, indicating a very positive outlook for price growth. With the EU continuing to trade steadily at these high levels, it is likely that the 1.082...
Hello EUR traders, what do you think about the direction this volatile currency will take next? Overall, EURUSD remains positive in a 2-hour parallel rising channel. It is currently consolidating around 1.0855 as of press time, after touching 1.0863, marking a 0.03% decline on the day. So what reasons and factors are driving this currency pair? In terms of...
Hello dear traders! In general, the cryptocurrency market is quite optimistic at the moment, the uptrend remains stable on the 4-hour chart. It is currently trading around $70,064, marking a gain of -2.16% on the day. From a technical perspective: EMA 34 and 89 provide a bullish bias, strengthening the case for the bulls at this time. Trend trading is always...
Hello traders! BTCUSD is experiencing a period of strong growth, with a new highest price of 72,129 USD, up 3.94% on the day. This shows more certainty on the part of buyers, especially as the price has surpassed the key resistance mark at $71,500, an area that has seen long-term indecision. Technical analysis supports the buy thesis provided that support at...
Hello traders, come discuss and strategize with me today! Overall, GBPUSD has undergone a significant correction (as shown on the 3M chart) with the price falling above the 1,450 level. It is currently trading at a new high of 1,257 after touching 1,038, marking a gain of nearly 27%. As RalphBenjamin mentioned in the analysis, GBP is currently in a correction...
Dear friends, at the beginning of the new week's trading session, the price of gold fell exactly as I expected and quickly bought back the decrease at this high level. The uptrend still seems clear on the 1-hour chart. You may wonder why the price has increased so sharply. Regarding international market information: -Expectations that the Federal Reserve...