Today, the price of gold witnessed a notable ascent, initially surging to $2,352.5 as the Asian markets opened, before cooling down and stabilizing at around $2,345. This persistent upswing in the precious metal has been fueled by demand for safe-haven assets amidst concerns over ongoing conflicts. Meanwhile, markets await the release of the Federal Reserve's...
Gold is on a fast track to making history with its eighth consecutive day of gains, barely pausing long enough to offer a better entry point for those looking to ride the uptrend. The precious metal shows hardly any signs of a slowdown, with today's CPI data spotlighted as a potential game-changer. Reflecting on recent events, not even the NFP report could put a...
In the past two days, USD/JPY has maintained below 152.00. However, after the release of the United States' Consumer Price Index (CPI) data, this currency pair underwent a sharp increase, surpassing the 152.00 threshold and reaching 152.64. Based on technical indicators, we can observe that the USD/JPY price is experiencing a strong upward trend. This upward...
BINANCE:ALGOUSDT (1D CHART) Technical Analysis Update ALGO is currently trading at $0.2276 and currently in consolidation phase. Price has formed a nice triangle pattern. If the price breaks out from the resistance line then we have a good opportunity for long trade. If the price breaks down then the next support is around 0.15 Entry level: $ 0.24 Stop Loss...
BINANCE:CKBUSDT (1W CHART) Technical Analysis Update CKB is currently trading at $0.02056 and showing overall bullish sentiment. Price has currently broke out from the resistance line and successfully retraced back to its support line. After the retracement we are seeing price bounce back and heading towards the next resistance line. We have good long trade...
BINANCE:FETUSDT (1D CHART) Technical Analysis Update FET is currently trading at $2.6813 and showing overall bullish sentiment FET has formed a nice flag pattern and the price is waiting for breakout. IF the price breaks out then we have a good opportunity for long trade Entry level: $ 3.01 Stop Loss Level: $ 2.04 TakeProfit 1: $ 3.73 TakeProfit 2: $...
BINANCE:GRTUSDT (4H CHART) Technical Analysis Update GRT is currently trading at $0.3942 and showing overall bullish sentiment. Currently the price has formed a nice descending triangle. Price has successfully broken out from the descending triangle and now the price is retesting. This is a good opportunity for a long trade with decent RR. Entry level: $...
Greetings, my remarkable friends! Today, gold prices surged impressively, with spot gold rising by $29.9 to $2,281 per ounce. This remarkable ascent on April 2nd, US time, was fueled by the relentless demand for a safe haven amid escalating tensions in the Middle East. The gold market shrugged off the strength of the US dollar and anticipation of US interest...
Gold price today drops gently, the price has a peak to create a high price and slightly retreats to $ 2272 after reaching US $ 2300 at the beginning of yesterday. Accordingly, the forecast of the direction of gold in the coming time, solid economic data and "persistent" inflation may force the Fed to maintain a positive monetary policy throughout the summer, but...
FTMUSDT is currently on a short-term downtrend, dropping by 2.45% today and hovering around $0.991. However, the upward price channel remains intact with no signs of being disrupted yet. We're still in favor of a Buy strategy. We'll look for an opportune entry point around the marked support level, anticipating a bounce back once it hits the lower boundary of...
ey everyone, what are your thoughts on USDJPY breaking past the 152.00 barrier? This pair has been teasing us just below this resistance level for quite some time now, and as of today, it's still lingering around there, stuck in a seemingly endless sideway movement. But just because it hasn't broken through yet doesn't mean it won't. We might just need a bit...
Hey everyone, what's your take on GBPUSD today? We're sitting at a neat 1.267, and it looks like we're about to smash through that downtrend trendline. This could be our green light to jump in on a Breakout strategy, especially with EMA and support levels giving us a thumbs up. I'm eyeing that 1.279 resistance as my target. How about you? What's your game plan?
Gold's price hike hits a new record, fueled by significant buying interest and geopolitical tensions, as attention shifts to the upcoming Federal Reserve (Fed) policy meeting minutes and US inflation data. On April 9th, spot gold slightly rose by 0.1% to $2,341.85/oz, reaching a peak of $2,365.09/oz, while futures gold increased by 0.4% to...
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...
Hello,Friends! EUR/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.649...
BTCUSDT formed a new support level and the bulls successfully defended their trend above the $65,000 level. It is currently moving around 67,500 USD and is located near the operating zone of EMA 34, 89. I am quite confused about the upcoming trend of BTCUSDT and from a personal perspective I think it will continue its accumulation and sideway move between the...
Please, check our technical outlook for GBPAUD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.915. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.929 level. P.S Overbought describes a...
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...