BTCUSD The technical picture has become a big bit more as the price has declined further although it seems to have found firm support at Despite that There is strong resistance just overhead at whichever
Meanwhile, any corrective decline now seems to find support near the $2,275 area ahead of the $2,255 level. This is followed by the weekly low, around the $2,227 region, which, if broken, might prompt some technical selling and drag the Gold price back toward the $2,220 psychological mark. The latter should act as a key pivotal point, and a convincing break below...
As a result, they expect that the Fed will start cutting rates in the second half of the year. Mester wants to see more data while Mary Daly estimated that the bank would deliver three cuts as it hinted in the last meeting. Michele Bowman and James Williams spoke on Tuesday but did not provide any details about rate cuts. Jerome Powell, the Fed Chair
EURUSD after some encouraging European inflation numbers It also rebounded after the important statements from Marys Daly and Loretta Mester who are Federally Reserved
Price is rising towards the an overlap resistance which aligns with the 50% fibo retracement A reversal from this level could lead the price to drop further to the downside
Price is falling towards an overlap support and could bounce from this level to our take profit Entry: 2.10607 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement Stop loss: 2.09344 Why we like it: There is an overlap support level Take profit: 2.12203 Why we like it: There is an alignment with the 78.6% Fibonacci...
Price is rising towards a pullback and could reverse from this level to our take profit Entry: 1.25940 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 1.26552 Why we like it: There is a pullback resistance level Take profit: 1.25270 Why we like it: There is a pullback support Please be advised...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Price is rising towards an overlap resistance and could reverse from this level to our take profit Entry: 1.08007 Why we like it: There is an overlap resistance which aligns with the 50% Fibonacci retracement Stop loss: 1.08638 Why we like it: There is a pullback resistance level Take profit: 1.06989 Why we like it: There is a pullback support Please be...
The price is currently at a key support level and could bounce from this point to reach our take profit target Entry: 1.35559 Why we like it: There is an overlap support Stop loss: 1.35158 Why we like it: There is a pullback support Take profit: 1.36139 Why we like it: There is a swing high resistance Please be advised that the information presented on...
Behind a strengthening background and a bullish scenario, it can stop at the upper price channel and Fibonacci congestion area around 2311. We can Short GOLD from that point to the 2130 area.
Gold is high The he precious metal is staying poised in trading today despite the dollar also sitting higher on the session’s Afterhitting record highs last week gold buyers have
XAUUSD If it breaks expect that to potentially lead to a quick shoot higher for gold I would argue that the onus is on gold
On an hourly timeframe, CADJPY printed a series of Higher Highs and Higher Lows. Using Fib Retracement tool, an Entry Price along with Stop Loss and Take Profit levels are suggested
Hello fellow traders! XAUUSD has been on the rise with a MAJOR BREKAOUT and the bull run isn't done. there are two more zones based on the Daily Fib level!!! Checklist: ✔BULLISH TREND ✔SUPERTREND IN BUYERS POSSESION ✔Fib retracement could hit for continuation @ 23.6% ✔4H Time frame 8,459 Pip Analysis
NZDUSD printing continous Lower Highs and Lower Lows with RSI indicator not suggesting any Divergence. A trade plan with 1% risk is defined using the Fib Retracement Tool.
Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.35). Nevertheless, sustained break of 151.92 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% projection of 140.25...
Therefore, the BTC/USD pair will likely react to the upcoming statements by several Federal Reserve officials like Mary Daly, Loretta Mester, and John Williams. Jerome Powell, the Fed Chair, will have a speech on Wednesday. The other important BTC/USD news will be the upcoming Bitcoin halving event, which will happen later this month. Halving will reduce the block rewards