Looking at the price chart, we can see that the SMA20 is declining significantly and has broken through the support zone at 1.7030, seeking a new support zone at 1.7026. Additionally, the RSI indicator is about to surpass the oversold zone. These indications suggest that the EURUSD pair is poised for a sharp decline.
It seems that the price of gold is still in an upward phase and is expected to reach the resistance level at around 2161-2164. However, there are indications that the price may undergo a correction and retrace. According to the 20-day Simple Moving Average (SMA 20), it can be seen that the price of gold is likely to decrease. Additionally, factors such as...
Hello everyone, what are your thoughts on GBPUSD? This currency pair has been navigating a prolonged sideways trend for over a month now, currently positioned at 1.263. Technical analysis suggests it's on the brink of testing a significant support level. Predicting its future movement has become increasingly challenging as it remains largely unresponsive to...
Strategic Outlook on SOLUSDT: Today, SOLUSDT steadfastly continues its upward journey. Despite a current minor setback, showing a decrease of 1.87% for the day, this isn't a cause for concern as the long-term outlook remains bullish, buoyed by encouraging signals from technical indicators. The plan is to initiate a buy once SOLUSDT revisits and successfully...
EUR/USD finds itself in a softer position, hovering around 1.0787 amidst fresh demand for the US dollar during early Asian trading on Monday. The Fed's longer-term hawkish stance offers some backing to the greenback, placing the pair under strain. Analyzing today's chart, the bearish trajectory seems to hold sway, endorsing a sell strategy as the pair trades...
Today, EURUSD persists in trading below the 1.0800 mark, following a significant price drop last week. Currently, the rate hovers around 1.078, with a slight recovery signaled by green candles at the start of the week. However, this price increase is not yet confirmed as safe, given the technical analysis on the 1D chart shows a convergence between the...
Hello dear friends, not out of our expected yesterday, the EURUSD pair continues to decline at today's price that is fluctuating around 1,073 and prospects still decrease even more. The recent rise of the US dollar, after the strong US PMI ISM data, weighed on this pair of money in the context of investors worried about German inflation data. From technical...
The price of gold XAU/USD has recorded a significant increase, reaching nearly $2,250 at the start of the Asian trading session on Monday, attracting investors' attention amid expectations regarding the Federal Reserve's monetary policy, political tensions in the Middle East, and hopes for China's economic recovery. Furthermore, traders will focus on China's...
Currently, the market is experiencing a downtrend phase, with predictions indicating that this trend will continue towards the support level of 1.2590. The RSI indicator is currently below the 40 threshold, along with signals from the 20-period Simple Moving Average (SMA) about to cross below the 50-period SMA. This suggests that the market may continue to...
Hello everyone, This dawn, the global gold price continued its ascent, marching confidently towards $2260 from last week's close. This week, the gold market is expected to witness substantial fluctuations as it reacts to significant US economic indicators. Beyond last Friday's inflation data, the market is also keenly anticipating the March Non-Farm Payroll...
As the new week unfolds, gold has continued its remarkable ascent, surging by nearly $25 to touch $2265 in the initial trading hours of Monday. This historic rally is driven by investors flocking to gold as a haven asset amidst escalating economic uncertainties and the anticipation of interest rate cuts. Furthermore, the concerted effort by central banks...
As the new trading week kicks off, gold surged by over $25 to reach a historic high of $2,265 per ounce. This remarkable rise marks a 9% increase in March and an 8% gain in the first quarter, showcasing a significant momentum. The acceleration came after recent data revealed a spike in the Personal Consumption Expenditures (PCE) index for February. Yet, the core...
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Based on the indicators on the 1-hour chart, Relative Strength Index (RSI) is hovering around 40 and the price is below the 20, 50, and 100 Simple Moving Averages (SMA), indicating a downward trend phase. If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future....
Looking at the one-hour Bitcoin price chart, we observe a downward trend. Firstly, the 20-period Simple Moving Average (SMA) is below the 50-period SMA, indicating a decline in price. Additionally, the Relative Strength Index (RSI), a tool measuring trend strength, has crossed the 45-50 threshold, suggesting a potential strong downward momentum. Both...
Currently, technical indicators such as RSI and SMA indicate that Bitcoin is in a downward trend. Specifically, the price breaking through the support level of 69.017 signals that the downward trend is likely to persist, potentially pushing the price down to the support level of 68.450, and may lead to a more significant price decline.
On the 1H chart, based on the RSI indicator, we observe that the price of the USD/JPY pair has surpassed the overbought threshold, indicating increasing buying pressure. However, to make trading decisions, it is essential to consider other factors such as economic news and the global market situation.
Looking at the H1 chart, we can see that the Simple Moving Average (SMA) 20 has crossed above the Simple Moving Average (SMA) 50, indicating an upward movement in the USD/JPY currency pair. Additionally, the Relative Strength Index (RSI) has approached the overbought territory, signaling potential strong upward movement in the upcoming period. However, the use...