Bitcoin price remained well above the $62,500 support zone and extended its gains. BTC was able to overcome the resistance at $64,500. It even cleared $65,000 and checked $65,500. A high was formed at $65,550 and the price is currently correcting gains. There is a minor decline below the $64,000 level. However, the bulls are active near the $63,000 area. There is...
Hello all dear traders! Overall, SOLUSDT is showing steady growth on the D1 timeframe. It is currently trading at 156.96 marking a gain of 2.72% on the day. From a technical perspective, looking further, we see that the market has changed its downtrend to growth, reinforcing our medium-term outlook. However, in general at the present time the upward momentum...
Gold prices extended the recovery on Tuesday. The yellow metal's rally was supported by a weaker US dollar after recent US Nonfarm Payrolls (NFP) data increased bets that the Federal Reserve will cut interest rates later this year. From a technical standpoint, XAU/USD has made little progress, although the downside acceleration has diminished. The daily chart...
Hello dear traders! In the short term, as mentioned earlier EURUSD is consolidating above high levels with trading activity on the 4 hour time frame. But at the same time there is a potential top at the May high of 1.0812, support is around 1.0755 if this level is breached it could send the EU lower potentially reaching 1.0700. In the medium and long term, the...
Hello all dear friends! XAUUSD is strengthening after an impactful week with the FOMC interest rate announcement and the April US non-farm payrolls report, within the framework of a falling dollar. Possible retest of the liquidity area, aiming for a change in trend. Gold is also receiving fundamental support when it comes to central banks' gold demand over the...
Hi everybody! BTCUSDT is consolidating above previous downtrend resistance. Confirmation of a trend change would be a consolidation above the price moving sideways around the current level near the support zone. It is likely that the market will try to change the trend. At this point the realization phase will take shape. We await confirmation of a trend change...
Hello dear traders! XAUUSD correction continues. Resistance at 2328 USD failed to turn XAUUSD back into yesterday's trading session. Showing that buying power is becoming weaker, up to now gold has touched 2314 USD, marking a decrease of 0.43% on the day. General, gold prices (XAU/USD) lost their recovery momentum on Tuesday. The yellow metal's decline was...
Gold prices fell for the second consecutive week with the closing price just slightly above the $2,300 threshold at the end of last week. It is currently trading at 2311 US, marking a 0.4% gain on the day. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward momentum. This has pulled the...
Hello dear traders! Looking back at yesterday's trading session, gold has demonstrated its strength continuously after a series of 5 weeks of recovery, but in general, investor psychology still maintains optimism towards precious metals. The technical chart shows gold exiting the downtrend, which is an impressive move by the bulls as they not only successfully...
Hello dear traders! U.S. dollar (USD) indecision appears to have been enough to fuel the continuation of the EUR/USD technical uptrend move at the start of the week. However, the pair failed to retest or surpass the key 1.0800 barrier for a fourth consecutive daily advance. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
📉 Dow Jones Update: Bullish Breakout Signals Potential Recovery! 📈 Hey traders! 🌟 Big news from the Dow Jones market! 📉 After a prolonged correction from its all-time high, we're seeing some serious action! 🚀 🔄 On the 3-hour chart, the Dow Jones has formed a massive double bottom pattern. 📊 This is a classic sign of a potential trend reversal, folks! 💥 🐂 And...
Hello,Traders! EUR-CAD has reached a Horizontal resistance level Of 1.4779 and the pair is Locally overbought so I will be expecting a Local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi Traders ! The XAUUSD Price Has Pulled Back to The Resistance Level (2318.740 - 2333.375). Let's Expect The Bullish Scenario: if The Market Breaks The Resistance Level and Closes Above That, We Will See a Bullish Move📈. TARGET: 2372.000🎯
Hello Traders ! The NZDJPY Failed To Break The Support Level (90.806 - 90.516). The Price Broke The Last Lower High (ChoCh). So, I Predict a Bullish Move📈. -------------- TARGET: 93.250🎯
The price perfectly fulfilled my last BINANCE:BTCUSDT idea. On the daily timeframe, the market closed above the key level. It basically made a false breakout, then formed a big, long-tailed bar on the weekly timeframe. This shows bullish dominance. I think if the market does not lose momentum, it could potentially reach a strong resistance at 73000. If you go...
S&P500 (SPX) is already going even better than our bottom buy signal last week (May 02, see chart below), having topped the 4H Channel Up, considerably above the 4H MA200: The index closed yesterday above the 1D MA50 (blue trend-line) for the first time since April 11. Last time it did this was on November 03 2023 and after 5 days of consolidation, it broke...
After a volatile week, the OANDA:XAUUSD market managed to close above the crucial support level of 2300. Despite several attempts to push lower, the market remained volatile, fluctuating up and down. The job numbers fell short by approximately 60K jobs. Currently, it appears that the market is in a state of uncertainty as it tries to determine its next...
Hello,Traders! EUR-USD is already Making a move down From the falling resistance So I am locally bearish biased And I think that we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!