As I watch the price action I am seeing a lot of fighting between the bears and bulls and we could see price change direction and go bullish on GU for a moment.
In the European session on Thursday, the USD/JPY pair continued to experience a period of weakness. The subdued outlook from the Bank of Japan (BoJ), with predictions of continued monetary policy easing in the near future, coupled with inflationary risks, are the primary factors contributing to the weakening of the Japanese yen. This suggests that despite...
Hello traders, Wondering about the movement of BTCUSDT today? Currently, BTCUSDT continues its upward trajectory, trading around $70,635, showing stability compared to yesterday's session. Despite the lack of significant fluctuations, the overall upward momentum remains robust for the bulls. At this moment, the price is consolidating, and the outlook suggests a...
Hey GBPUSD traders! What's your take today—buy or sell GBPUSD? The pair recently saw a gentle recovery, reaching 1.257, marking its best rebound in a week. Yet, GBPUSD's recovery may hit a few roadblocks ahead. The downtrend still dominates, with trading below the EMA 34 and 89 lines signaling caution for buyers. Moreover, the pair's retreat to the perfect 0.618...
Hey everyone! Today, GBPUSD is yet another day into its losing streak, clearly on a downward trajectory within a stable price channel. The pair hasn't shown any signs of breaking out just yet. Currently trading at 1.256, GBPUSD continues to operate below the EMA 34 and 89 lines, presenting further selling opportunities around this pair. As long as the downtrend...
In the context of the weakening US dollar (USD), the Euro has begun to recover and rise again. The decline of the US dollar has created favorable conditions for the Euro, leading many investors to shift their focus towards the Euro currency. On the 4-hour chart, the Relative Strength Index (RSI) has increased to the 67 level, indicating the strength of the upward...
Hello EURUSD traders! Today, we're seeing a modest rebound in EURUSD to 1.0777, but it's still wrapped in the characteristics of a downward trend. Analysis of the charts indicates a continued decline as it breaks away from an ascending trendline. Furthermore, the convergence of the EMA 34 and 89 seems to favor the sellers. According to Dow Theory, this pair is...
Strategic Insight on BTCUSDT: Hello, traders! Are we leaning towards buying or selling BTCUSDT today? Observing the 1-hour chart, BTCUSDT has breached the ascending trendline, currently facing a decline of 2.25% for the day, orbiting around $69,515. From a technical standpoint, the indicators and current trajectory seem to favor a sell strategy. My eyes are set...
Gold continues to rise, touching the record high of 2300 USD at the start of the Asian session on Thursday after the ISM Services PMI data came in lower than expected, predicting that the Federal Reserve will undergo a rate cut. Looking at the 4-hour chart, we can see that the RSI indicator is in overbought territory, indicating the possibility of further price...
Hey there! Today's BTCUSDT scene is a bit more chill compared to recent days. It's making a gentle recovery, trading around $66,200. Peeking at the charts, BTCUSDT is bouncing back as it edges closer to the bull's defense line, notably testing the EMA 34. Diving into the technicals, BTCUSDT is showing a pattern of lower highs, suggesting the bears might have the...
Hey traders, today we're seeing ADAUSDT gently picking up the pace, reaching $0.5906 with a 1.7% uptick for the day. Though we're witnessing a minor upward adjustment, ADAUSDT is still facing several hurdles and is under the shadow of a downtrend after conclusively breaking away from its ascending trendline. Coupled with a reversal indicator from the EMA 34...
Today, BTCUSDT showcased a subtle recovery but began to weaken as the day progressed into its final trading hours. Currently trading at around $66,000, the sentiment among investors leans towards a bearish outlook, especially after the formation of a triple top pattern indicating a gradual loss of momentum. The convergence of the EMA 34 and 89 suggests a...
Hello, everyone! Today, gold has once again hit an impressive rise, trading over the lofty level of $2,183 in the early hours of Wednesday, marking a $25 increase from the same time yesterday. This surge brought gold to a new peak as traders flock to the precious metal as a safe haven amid escalating tensions in the Middle East, largely overlooking a stronger US...
Hey folks, quick update on the gold scene for you. This past Wednesday marked another record-breaking day for gold (XAU/USD), hitting an all-time high around $2282. Pretty solid, right? Amidst the ongoing geopolitical tensions, from the Russia-Ukraine conflict to unrest in the Middle East and the recent quake in Taiwan, investors are leaning heavily towards gold...
Hello everyone, let's dive into the intriguing performance of gold recently. XAU/USD is consolidating after leaping to a new all-time high around $2270 in Wednesday's trading session. This primarily stems from the ongoing geopolitical risks from the Russia-Ukraine conflict and tensions in the Middle East, leading investors to shift their focus towards safer...
Oh my gosh, guys! You won't believe how gold prices have been shining bright like a diamond lately! On Wednesday, for the seventh day straight, gold (XAU/USD) sparkled its way to a brand new all-time high, hitting around $2282. Isn't that just incredible? With all the drama unfolding - from the heartbreaking war between Russia and Ukraine to the tensions boiling...
Gold continued its ascent on Tuesday, pushing XAU/USD to a new high of 2276.90 in the US trading session. However, the US Dollar experienced a slight decline early in the session and lost further ground after Wall Street opened, despite generally optimistic US economic data and relatively uninspiring US economic indicators. As the trading session shifted to Asia,...
Hey everyone, today kicked off with gold prices shooting up to $2286, though it has cooled off a bit to $2271 as of now. This indicates gold is crafting a second peak in its high-price zone and stepping into a fresh adjustment phase. Overall, the trend still seems to favor the buyers as the expected support range of $2258-$2260 continues to bolster gold's ascent...