Based on the H1 chart, it's evident that the EUR/USD is still struggling to surpass the resistance level at 1.0740. Additionally, analyzing technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) also indicates that the downward trend is still intact. If the price continues to decline and breaks below the nearest support...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
The USDJPY pair continues its downward trend against the US dollar (USD), with traders expecting the price to drop to the support zone of 151.00 last week. However, technical indicators suggest that there is still a possibility of short-term price increase in the near future, with the highest predicted point being the resistance zone of 151.80.
Hello, dear friends! Today, USDJPY continues its streak of lackluster trading days, with prices stagnating compared to last week, hovering around the 151.300 mark due to a lack of momentum and reliance on market news. Short-term expectations suggest a steady movement within a range, with little variation expected throughout the day as the EMA indicators remain...
In the intricate dance of currency markets, the Japanese Yen finds itself in a delicate position, wavering against the robust US Dollar. As traders navigate through a sea of uncertainties, including intervention whispers and a risk-off mood, the Yen's allure wanes. The narrative thickens with the Bank of Japan's reserved stance, juxtaposed against a backdrop of...
Based on technical analysis, recent price action continues to reflect a phase of consolidation in the upward trend following a strong rebound from the lowest level in March. Additionally, other technical indicators on the chart remain positive and have not reached overbought territory. This suggests the potential for short-term price appreciation in the...
The Japanese Yen struggles to attract buyers amidst intervention fears and a shift towards risk aversion. The Bank of Japan's cautious outlook further weakens the JPY, bolstering USD/JPY. Speculation on the Fed's rate cut in June could push the USD to recent highs, favorably impacting this currency pair. Currently, USDJPY trades around 151.600, facing resistance...
Greetings, dear traders! Yesterday, GBPUSD finally broke out of its sideways trend, aligning perfectly with our expectations by taking a dive. The pound weakened significantly during the North American trading session, as strong US economic data might influence the Federal Reserve's decision on interest rate cuts. This situation bolstered the US dollar while a...
Dive into today's trading strategy for SHIBUSDT: We're witnessing a significant downturn in SHIBUSDT today, as it breaks out of its ascending channel. The strategy to sell on a breakout is primed for execution. After this adjustment phase and a reevaluation of the breakout zone, we're gearing up to initiate a sell position aimed at our marked profit target....
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...