GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark.
Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
GBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran.
Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery...
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As seen on the chart, Bitcoin has only been oversold on the daily RSI on three occassions over the past 1.5 years. Every single time this occured it proved to be an extremely profitable entry point.
With Bitcoin seeing...
The significant recovery of the US Dollar (USD) has interrupted the EUR/USD's rebound process after it reached a peak around 1.0690 on Thursday. This currency pair declined below the 1.0640 level in Friday's Asian trading session.
Based on technical analysis, the technical indicators are supporting the downward trend. The price of this pair is gradually...
The price of gold has undergone a new wave of increase, surpassing the $2,400 mark in the Asian trading session on Friday following Israel's retaliatory attack on Iran.
Based on technical analysis, we observe that the upward momentum of gold continues after crossing the SMA 20 line. The Relative Strength Index (RSI) trading above the 60 level indicates that the...
Gold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark.
Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it...
🔍Today, we're analyzing LINK in the daily time frame. After reaching a peak at 20.623, we experienced several fakeouts, and now we've retraced to around 13. This level has acted as a strong support, preventing further downside movement.
📈🛒Currently, we're seeing a strong buying candle, indicating a potential entry point for buyers. Moving forward, let's consider...
The strong recovery of the USD/JPY pair is attracting attention, reflecting Japan's intervention to temporarily address the weakness of the Japanese Yen (JPY).
Technically, on the chart, the strength of the upward momentum is clearly evident. The Relative Strength Index (RSI) is stabilizing around the 60 level, indicating a significant upward trend of this...
The USD/JPY pair is currently demonstrating a strong upward momentum, attracting significant attention from investors. This increase is driven by momentum from Japan, particularly through interventions by the Japanese government and the Bank of Japan (BoJ).
Looking at the chart, we observe that the Relative Strength Index (RSI) is trading above the 60 level, a...
The British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts.
The GBP/USD pair is rebounding from the 1.2400 level and...
GBP/USD is holding its latest increase above 1.2450 in the European trading session on Wednesday. On the 1-hour chart, we see a positive signal as GBP/USD has surpassed both the simple moving averages SMA 20 and SMA 50. The prediction is that the price will surpass the SMA 100, which is a sign of a strong uptrend. And the target is aimed at the psychological level...
Overall, GBP/USD is still maintaining a downward trend. This currency pair continued to decline during Wednesday's US trading session.
Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply.
In this context, investors need to be cautious and carefully...
At the beginning of Wednesday, the USD/JPY pair continued to hover below 155.00, a clear signal of the strength of the Japanese Yen. This stability is primarily supported by underlying risks of impending intervention from Japan. A slight decline in the US Dollar and US Treasury bond yields is also weighing on this currency pair.
However, chart analysis reveals...
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region.
Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood.
Based on technical analysis, the upward trend of Gold appears likely to continue. On the...
🔍Today, we turn our attention to Ethereum (ETH), which has experienced a sharp decline following previous analysis due to escalating tensions between Israel and Iran. Short-term impacts of this potential conflict could lead to market downturns, necessitating a higher timeframe analysis for optimal long positions. However, historically, wars tend to drive up prices...
USD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen.
However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before...
EUR/USD continues to decline sharply, trading near the 1.0610 USD level during the Asian session on Tuesday. This downward trend is attributed to the strength of the USD, driven by strong signals of economic growth in the United States.
On the 1-hour chart, we can observe that the price is gradually rebounding after a period of steep decline. It is forecasted...
The EUR/USD pair continues to drop sharply, nearing the 1.0610 USD level during the Asian trading hours on Tuesday. This decline is driven by the strong growth momentum of the USD, propelled by pressure from higher bond yields in the United States.
From a technical standpoint, the downtrend of EUR/USD remains firmly intact. On the 4-hour chart, the downward trend...
