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...
Hey folks, let's chat about ETHUSDT—what's your stance? Over the last 48 hours, ETHUSDT's been feeling the heat with some sell-off vibes in the short to mid-term. But if you zoom into the 1-day chart, you'll spot that the bullish momentum of this old-timer isn't out for the count. It's clinging on to a trendline that's still kicking and the current price dip...
The US dollar surged against the Japanese Yen on Monday, edging back towards the pivotal 152.00 mark—a level that prompted intervention from the Bank of Japan (BoJ) in 2022 and stands as a significant threshold for Japanese financial authorities. Bolstered by robust US macroeconomic data, notably Friday's Non-Farm Payroll report, and a recent hawkish tilt by the...
Gold's on the rise again, hitting $2,352.5 early in Asia . The uptick's all about folks ducking into safe havens because of conflict worries. Eyes are peeled for the Fed's notes and the US inflation figures dropping later to get the scoop on where interest rates are headed. If March's CPI spikes more than we're thinking, it could shake up the gold scene. But if...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85450 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85450 support and resistance area. Trade safe, Joe.
Greetings, golden enthusiasts! 🌟 Amid a cooling US Dollar Index, the lustrous appeal of gold endures, with today's trading anchoring the precious metal at an impressive $2,345—an uptick of 0.26% for the day. Yet, with a series of consecutive ascents, gold faces the tides of profit-taking. Despite this, the metal's glow is far from dimming, buoyed by three...
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, 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...
Hello everyone! Just as we predicted, GBPUSD has risen after successfully testing the support level at 1.257. Currently, it's trading around 1.265, with upward momentum still strong and eyes set on conquering the immediate resistance at 1.266. The US dollar has softened a bit, as a moderate risk appetite has extended the pair's recovery from post-NFP lows. A...
EUR/USD started the new week on a strong note, bouncing back to the 1.0860 area after Friday's dip. Market sentiment remains optimistic despite reduced bets on a June Fed rate cut, while the 10-year US Treasury yield hit a 4-month high at nearly 4.43%, reflecting shifted expectations for Fed rate cuts later this year. Despite strong US Non-Farm Payroll data...
The EUR/USD pair sees a modest uptick, touching around 1.0860 in early Tuesday's Asian trading session. A dip in the US Dollar (USD) has lent some support to this pair, with a growing bullish sentiment further fueled by various technical indicators. The upward momentum is being eyed and bolstered as the newly formed support level starts to align with the EMA 34,...
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...
Hey traders, let's chat about ADAUSDT—what's your strategy? Currently, this coin is on a downward trek after its attempt to breach the resistance at $0.6215 USD didn't pan out. The downtrend persists with a bearish twist from the EMA 34. Technical indicators and chart analysis suggest we're eyeing a support level at $0.56 USD. Yet, if the bulls rally to propel...
Hey there, trading warriors! 🌟 Today, gold's ascent continues, with its long-term bullish trend still receiving hearty applause. Currently, this precious metal is gracefully navigating around the $2342 mark in the early hours of Tuesday. The stage is set for the bulls to keep their strategies shining, as the price confidently struts above both the EMA 34 and 89....
Hey everyone, what's your take on today's glittering gold market? Gold continues its bull run into Tuesday, cruising around the $2356 mark, boasting an impressive surge of about $17, roughly equivalent to a 170 pip climb. With gold having shattered its previous resistance levels, predicting its next move is more art than science, hinging largely on market...
After price broke structure with momentum, it was an indication it was still maintaining its overall bullish trend. It preceded to retrace and form internal range liquidity above our establish golden zone that it could use to fuel its move to take out the latest weak high and continue with the bullish trend.
Buyers keep dominating the market after price dropped lower to 17977. A buy opportunity is envisaged from the current market price. Technically, we also identify the formation of symmetrical triangle structure which Indicate a possible buy opportunity after the retest is completed.