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
This was not a great call as the price rose strongly over the course of the day. However, the price quickly fell back to where it had been and has been consolidating below $1.2653 ever since. The picture looks bearish if the price remains below $1.2656 and looks likely to fall further – the price action look
EURGBP is neutral on its 1D technical outlook (RSI = 53.577, MACD = 0.001, ADX = 12.005) as it is ranges between the 1D MA50 (Support) and 1D MA200 (Resistance). Having made a Double Bottom on S1 on March 8th, with that level holding since August 23rd 2023, the current rebound is expected to extend to the LH trendline, essentially the top of the Descending...
Hello traders,what do you think about EURUSD? This currency pair has reached the support zone and the trend line. After a little fluctuation in this zone, it is expected to grow at least to the specified levels. If this post is useful, do not forget to like and comment.❤️
Gold price trades higher, near all-time highs around $2,260. The precious metal strengthened after breaking above the prior lifetime high of $2,223 on March 21. More upside in the Gold price is possible as it is trading in an unchartered territory. All short-to-long term Exponential Moving Averages (EMAs) are sloping higher, suggesting strong near-term demand. The...
FX:USDCAD Bullish engulfing in daily timeframe,targeting 1.36144. Clear visible liquidity pool ahead.
The GBP/USD pair, having met our projected zone at 1.2550, initiated a bullish surge in Tuesday's London session to counter yesterday's sharp decline. However, it may encounter resistance near the 1.2580 level before potentially resuming its bearish trajectory. The pair's appeal remains limited amid subdued market sentiment. Traders have adjusted their...
The EUR/USD pair retreated ahead of crucial statements by key Federal Reserve officials. Michele Bowman, the head of the Kansas Fed, John Williams of New York, Loretta Mester of Cleveland, and Mary Daly of San Francisco, These will be important statements since they will come a day after the US published strong manufacturing data. According to the ISM, the...
XAGUSD price is in the correction period at the support zone 24.76-24.48. If the price cannot break through the 24.48 level, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
The document upward push in gold expenses is an indication that buyers are involved that the Fed will now no longer be capable of manipulate inflation while it begins offevolved slicing hobby rates. Investors ought to watch for a pullback earlier than buying. Gold can also additionally go back to the fee of 2,a hundred and fifty USD and could appeal to quite a...
Bitcoin Forum had a mixed performance in March It's initially soared to a record high of and then crashed hard to as outflows from the Grayscale Bitcoin Trust GBTC intensified Many GBTC holders haven't solid their assets and moved them to other funds
AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we...
Amidst early week volatility, GBP/USD initially tested 1.2650 before reversing course and closing positively on Monday. However, recent movement has brought the pair into a supply area, hinting at a possible reversal and continuation of its bearish trajectory. In the upcoming economic calendar, focus shifts to the release of Durable Goods Orders for February in...
The EUR/USD pair experienced a significant decline towards the end of last week, driven by the release of Eurozone and US flash PMI data. These figures underscored the perceived strength of the US economy, leading to speculation that the Federal Reserve (Fed) may reconsider its aggressive stance on interest rate cuts. The data painted a picture of US...
EUR/USD maintains its position around 1.0860 during the early European session on Tuesday, following a positive close on Monday. The USD experienced slight selling pressure, allowing EUR/USD to gain traction at the beginning of the week. However, the pair now finds itself within a potential reversal zone, prompting us to monitor for any discernible patterns...
In the quiet trading session preceding the Easter weekend, the EUR/USD pair remained largely unchanged, hovering around the 1.0790 mark. This stability came despite the release of the Core Personal Consumption Expenditure (PCE) price index for February by the US Bureau of Economic Analysis (BEA), which met market expectations. Despite the lack of significant...
XAUUSD After hitting record highs last week gold buyers have found it a bit tough to contest the $2,200 mark again so far But we ve getting another run at that key level again at the moment