Hello dear friends, what are your thoughts on today's gold prices? Gold has recently experienced a sharp decline, distancing itself from the near $2400 mark to trade around $2311, losing nearly $65 from the same time yesterday. What caused such a significant drop in gold prices? Global Economic News: Ahead of the Federal Reserve's June monetary policy...
Greetings, astute traders! What's your take on the BTCUSDT trajectory? This digital currency has once again caught the tailwinds of resurgence, rebounding robustly from last week's sharp correction. It appears BTCUSDT has embraced momentum after a strong show of support by the Bulls at the $61,000 frontier. Furthermore, a price uptick followed a successful nod of...
Dive into the SOLUSDT trading arena: Today, SOLUSDT embarks further on its epic rebound odyssey, navigating the currents at around $155.90. The charts whisper tales of a short-term buying spree as the winds still favor the bulls, with the price channel steadfast and true. Keen eyes are set to catch the moment this digital voyager retests the bullish channel's...
Salutations, dear friends! Let's embark on a journey to uncover the tale of today's gold prices. As Tuesday's session unfurled its golden curtains, we witnessed a rapid retreat in gold's valor. At this juncture, this noble metal has forfeited nearly $26, circling around the $2300 mark with a descent of 1.08% on the day. This downturn has been etched into the...
The EUR/USD exchange rate is currently testing the waters near the 1.0650 level after a tranquil Tuesday that saw the major currency pair meandering sideways ahead of a barrage of economic data. Both the United States and the broader Eurozone are bracing for updates on the Purchasing Managers' Index (PMI) data on Tuesday, with significant U.S. figures expected...
Greetings, fellow crypto enthusiasts! What's your take on today’s BTCUSDT market — are we donning the bull or bear hat? Diving deep into the analytical charts, I discern that the bullish currents for this crypto still hold merit. Despite a short-term wave of adjustment with a 1.09% dip on the day, this digital asset has indeed etched out new supports, fortifying...
Greetings, cherished companions! What's your forecast for the trajectory of GBPUSD? Market murmurs tell us that GBP/USD remains on guard, hovering near the fortress of 1.2350, the lowest bastion since mid-November, as Tuesday's Asian trading session dawns. The USD index fortifies its stance above 106.10 while traders bide their time, awaiting the revelatory S&P...
The gold market (XAU/USD) is facing strong selling pressure for the second consecutive day, dropping to near its lowest level in over two weeks, hovering around the $2,300 mark before entering the European trading session. Despite overnight attacks on US forces in the Middle East, investors remain optimistic, believing that the conflict between Iran and Israel...
Hello everyone, what are your thoughts on XRPUSDT today? Today, XRPUSDT continues its downward trend, currently fluctuating around $0.05444, marking a 2.1% decline this Tuesday. This coin remains under selling pressure as it's stuck in a long-term downtrend channel. The outlook still leans bearish as the price remains below the dynamic resistance levels of EMA...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area. Trade safe, Joe.
The Japanese Yen (JPY) is struggling to capitalize on modest gains against the U.S. Dollar, remaining near multi-decade lows. The Bank of Japan (BoJ) is not rushing to normalize policies, while the Federal Reserve (Fed) is expected to maintain higher interest rates longer due to persistent inflation issues. This situation undermines the JPY's appeal as a safe...
Hello everyone, I'm curious about your thoughts on the current trend of USDJPY? Lately, this currency pair has been maintaining stability at a high price level, currently hovering around 154.810 with little fluctuation and seemingly unchanged from the same time during yesterday's trading session. It recently touched a multi-decade high around 154.85 on Monday,...
Hello BTCUSDT traders! Today, this cryptocurrency continues its recovery. It has now moved up from the $60,000 low to near the $66,000 mark, with a gain of 1.65% for the day. This coin has broken out of a downward parallel channel and established some new support levels. The price trend on the chart indicates further upward adjustments, bolstered by buy signals...
Traders, As we prepare for tomorrow's trading session, our focus turns to AUDUSD, where we're closely monitoring a potential selling opportunity around the 0.64500 zone. AUDUSD recently broke out of its uptrend and is currently undergoing a correction phase, with the retrace area at 0.64500 serving as a critical support and resistance level. Adding depth to our...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59200 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.59200 support and resistance zone. Trade safe, Joe.
EUR/USD has reversed its earlier gains to trade flat near the 1.0650 level during Monday's European session. The pair has shifted towards a decline, currently at 1.064, as diminishing risk appetite increases demand for the safe-haven US Dollar. The market remains cautious in the absence of leading economic data from the EU/US. A speech by Lagarde is highly...
Hello dear traders, what are your thoughts on BTUSDT? Today, Bitcoin has shown signs of growth, starting the trading day around $65,500 and has recovered by 1.14% up to this point. Bitcoin found support at the $60,000 level and has initiated a new upward movement. BTC has successfully breached resistance levels at $62,500 and $63,500. Bullish traders have even...
Today, BTCUSDT continues its downward corrective movement, trading around the EMA 34 and 89 lines, currently hovering around the $63,790 mark. My trading idea for BTCUSDT is as follows, with parameters marked on the chart: Sell BTCUSD: Stop Loss (SL): $65,000 USD Take Profit 1 (TP1): $62,100 USD Take Profit 2 (TP2): $59,700 USD. Please note that this is just a...