The GBP/USD currency pair has shifted from an upward trend to a sharp downward trend, pushing the decline to the crucial level of 1.2600 during Wednesday's US trading session. This is a result of the strength of the US dollar, particularly following the release of inflation data from the United States. On the 4-hour chart, the Relative Strength Index (RSI) has...
The British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially as investors await data on the Consumer Price Index (CPI) of the United States. On the...
In Wednesday's European trading session, we witnessed an expansion of the sideways trend of the EUR/USD currency pair. This occurred as the US Dollar (USD) strengthened its recent losses in response to significant CPI inflation data from the United States. Looking at the 4-hour chart, we observe that the Simple Moving Average (SMA) and the Relative Strength Index...
The Euro is still fluctuating around the 1.0850 level, constrained by support and resistance levels. Looking at the 4-hour chart, signs of price increase are still evident at the current moment. EUR/USD is expected to encounter the highest initial resistance level so far in April at 1.0885, and then continue to rise to higher levels. The price remains above the...
The price of gold is gently declining below $2,350 in Wednesday's Asian trading session, following its new record high of $2,365 on Tuesday. Gold traders seem to have pocketed profits after a relentless rally and ahead of the highly anticipated release of the US CPI inflation data. On the 4-hour chart, overbuying pressure has begun to weigh on XAU/USD. Technical...
The Gold market has experienced some fluctuations in recent days. In Wednesday's Asian trading session, the price of gold saw a slight adjustment as it dropped below the threshold of 2,350 USD, after reaching a new record high on Tuesday at 2,365 USD. Looking at the chart, we can observe signs of price correction towards a retracement, followed by a short-term...
Hello everyone, let's take a look at the 4H WIF to USDT chart as we can see that the price is recovering but still above the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $4.17 T2 = $4.83 AND T3 = $5.91 Now let's move on to the stop-loss in case of further market declines: SL1 = $3.66 SL2 = $3.23 SL3 = $2.55 AND SL3 =...
In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may...
USD/JPY began to retreat after reaching a high of 152.00 in Tuesday's US trading session, bringing the pair down to 151.75. This adjustment followed comments from BoJ Governor Ueda. On the chart, technical indicators have shown signs of support for the downward trend. Specifically, prices have broken through the SMA 20 and SMA 50 moving averages, indicating a...
GBP/USD continues to move sideways, awaiting inflation data from the United States for a new direction. The GBP/USD exchange rate is trading around the 1.2660 level and remains within Monday's trading range. Technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) are supporting an upward trend for this currency pair. The...
The price of gold continued to soar to record highs at the beginning of the week in the Asian region. Subsequently, it underwent a correction to $2,303 before resuming its upward trajectory. In the Asian trading session on Tuesday, the price of gold maintained its upward momentum near $2,350. The increase in the price of gold is supported by the Federal Reserve's...
The analysis presents BTC movement possibilities in the coming hours/days. Currently, the price is struggling to maintain resistance, after breaking above the downtrend line, a positive test of this resistance may result in a new wave of growth.
After surpassing the 2.300 threshold, the price of gold experienced a slight decline, but during the Friday trading session in the United States, the market witnessed a brief downturn. Subsequently, gold prices rebounded and continued to surge strongly, surpassing the 2.330 mark to establish a new peak. Despite positive indications of growth in the US Dollar...
The price of gold experienced a slight decrease after reaching the $2,300 mark. However, during the Friday trading session in the US, there was a brief downturn in prices. Nevertheless, it quickly rebounded, continuing its upward trajectory and reaching a new peak at $2,330. Despite signs of market support for the strengthening of the US dollar, XAUUSD continues...
The price of gold has recorded a significant surge, reaching an all-time high of 2,354, immediately after the opening of the Chinese market. This growth has been fueled by the positive sentiment among traders, especially after the People's Bank of China (PBOC) announced an increase in gold purchases. When looking at the H4 chart, we notice that the RSI indicator...
The price of gold has surged to an all-time high, reaching $2,354 as the Chinese market opened for trading. Traders responded positively, surprised by the strong buying activity from the People's Bank of China (PBOC) entering the gold market. However, this calls for caution, suggesting a need to wait for some consolidation in the short term or a modest pullback...
The price of Bitcoin surged over the weekend, reaching above $68,000. If Bitcoin continues to trade steadily above this level and shows signs of surpassing the $69,000 threshold, it could stimulate increased buying interest from investors, pushing the price towards recent highs around $73,777. However, if the price of Bitcoin drops below the level around $61,906,...
The price of Bitcoin (BTC) has attempted a surge over the weekend, surpassing the 68.000 threshold. If BTC continues to trade around this range and trends upwards towards the 69.000, it could encourage more buying pressure, pushing the price towards its previous peak of 73.777. The Relative Strength Index (RSI) is also a notable factor, as it currently indicates...