Today, gold prices continued to rise sharply on the last trading day of the week, increasing by nearly $35 to reach a peak of $2418 before settling around $2410 at the time of writing. The momentum behind gold's rise remains intact after it rebounded from the 34-day EMA line, with technical factors still supporting the price. Many believe that gold is being...
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/ then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469. Anticipating a technical retracement to $495, given its prolonged period of being overbought!
COTI Analysis and Signal on 1H 🔵Entry Zone 0.10901 - 0.10621 🔴SL 0.0990 🟢TP1 0.1180 🟢TP2 0.1311 🟢TP3 0.1405 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with...
ZRX Analysis and Signal on 4H 🔵Entry Zone 0.4940 - 0.5054 🔴SL 0.4558 🟢TP1 0.5488 🟢TP2 0.5878 🟢TP3 0.6178 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your...
ONT Analysis and Signal on 1H 🔵Entry Zone 0.4431 - 0.4267 🔴SL 0.4659 🟢TP1 0.3844 🟢TP2 0.3468 🟢TP3 0.3008 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your...
ETHUSDT continued its downward trend on Friday, with only a short-term recovery evident. From the 1-day chart analysis, the price has broken below the support level at $3171 USD. A pattern of lower highs and lower lows continues to form, and as long as the price remains below the two EMA lines, the outlook for further declines persists.
Gold surpassed the $2,400 mark due to concerns about conflict in the Middle East Gold surpassed $2,400 an ounce as concerns about rising tensions between Israel and Iran boosted demand for the safe-haven asset. Gold prices rose as much as 1.3% and are headed for a fifth consecutive week of increases after unverified reports of attacks in Iran, Syria and...
USD/JPY has stabilized around the 154.50 mark, recovering some of its losses from Friday. A report from Reuters revealed that an Iranian official stated there are currently no plans for immediate retaliation against Israeli airstrikes, easing geopolitical tensions. The US dollar gained momentum following hawkish remarks from Federal Reserve officials on Thursday,...
In this analysis we're going to discuss a very simple trading strategy that will suit your long-term portfolio: buying into extreme weakness. 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...
USD/JPY rebounded to 154.50 in Thursday's Asian trading session, after touching down to 154.00 due to the recent dip in the U.S. Dollar and concerns about potential foreign exchange intervention by Japan. A revival in risk appetite is currently bolstering the recovery of this currency pair.
The GBP/USD pair traded slightly lower around 1.2450 during early trading hours in Asia on Thursday. Lighter inflation data from the UK has fueled expectations that the Bank of England (BoE) may begin to lower interest rates in the coming months, placing downward pressure on the British Pound (GBP) against the US Dollar (USD) and reinforcing the continuation of...
As expected, EURUSD began to correct yesterday after a sharp decline, officially confirming a new low and pushing the pair up to 1.0678 in the early trading hours of Thursday! This recovery in the EURUSD pair is bolstered by renewed selling pressure on the US Dollar and a risk-friendly market environment. The focus remains on retreating to the 0.5 - 0.618...
Hello, BTCUSDT traders! Today, BTCUSDT continues its downtrend from the start of the week, currently experiencing a slight recovery around the $61,700 mark after dipping to a low of $59,700 yesterday. Despite this minor rebound, the overall trend remains bearish. In the short-term chart, our strategy continues to favor selling, as BTCUSDT has broken down through...
USDJPY today is recovering on the 1 hour chart, the price slowly slowed down the price increase and formed a reverse hand -held cup model. The price is currently in the range of 154.40 and is expected to decrease more after the model is completed!
GBP/USD is grinding higher on Thursday, trading around 1.246, still locked in a downtrend with the EMA 34 reversal yet to conclude. On the USD front, optimistic February retail sales earlier this week showcased a robust U.S. economy. This report sparked speculation that the Federal Reserve (Fed) might delay its easing cycle this year. Fed Chair Powell stated he...
The EUR/USD pair climbed to a higher level, reaching 1.0672 on Thursday during the early Asian trading session. This uplift was reinforced by fresh selling pressure on the US Dollar and a risk-friendly market atmosphere. Investors are poised to monitor several key economic releases later in the day, including the weekly Initial Jobless Claims, the Philly Fed...
Hello everyone! Today's Asian trading session saw another uptick in gold prices, with the precious metal rebounding nearly $10 after a sharp decline triggered by yesterday's news. Once again, gold failed to breach the $2400 resistance level. While the overall trend for gold remains bullish, it has retraced during the past week. Looking ahead to today, gold may...
Gold prices are making a modest recovery during the Asian trading session after finding renewed demand near the $2,380 level. The metal is capitalizing on a softer risk environment and the sustained dip in U.S. Treasury yields, despite recent hawkish comments from the Fed. Currently trading near $2,380, the daily chart suggests that the downward trend might...