Hello dear friends, Let's discuss and plan our strategy for the new day together! In general, XAUUSD is facing difficulties in surpassing the resistance level of $2222. However, it remains stable within the ascending channel. Moreover, upon careful observation, we can see that a cup handle is gradually forming. Based on these factors, my expectation is for a...
Hello everyone, let's discuss and strategize with me today! Overall, GBPUSD fell exactly as I predicted. Accordingly, it remains confined below the 1.2650 resistance level, the pair is currently trading at 1.2614, after hitting 1.2637 marking a 0.21% decline on the day. Meanwhile, it is worth noting that: The US economic calendar will not provide any data...
"Trading Idea for Gold: The price of gold saw an uplift in today's morning session, following reports that business environment and consumer confidence in the Eurozone for March showed little signs of improvement, sparking fears of ongoing global economic challenges. This concern prompted investors to increase their gold purchases as a means of capital...
Hello dear friends! Currently, EUR/USD is holding its range above 1.0800 early Thursday. The pair moved sideways as the US Dollar struggled, despite hawkish comments from Fed Governor Waller. The Euro awaits German economic data for new trading incentives. The 4-hour chart shows a revival of the downtrend. That means the initial support level at 1.0801, will be...
Hello smart and wealthy traders, what do you think about BTCUSDT, bullish or bearish? In the short term, the price could correct, a false breakout could see the price fall sharply. In particular, maintenance will lead to price increases. Technically: EMA 34 is leaning towards a continued uptrend. Given the current scenario, I recommend prioritizing a buying...
Hello everyone, we start a new day with new opportunities. Today, let's analyze and devise a strategy for BTCUSD, the market leading cryptocurrency. BTCUSD continues to maintain in its strong bullish channel. Despite some headwinds in maintaining its upward momentum after hitting a new high at $71,750, it is currently at $69,538, up a slight 0.17% on the day. In...
Hello dear friends! XAUUSD continues its uptrend, currently at $2189, marking a loss of nearly 0.24% on the day. Overall, XAUUSD is having difficulty approaching the $2200 resistance level, in line with our prediction yesterday. Looking ahead: One of the factors driving gold prices today is that the market increasingly expects the US to reduce interest rates by...
Hello Fellow XRPUSDT Traders, A Surprising Turn for XRPUSDT: Yesterday, we delved into the upward movement of XRPUSDT on the 4-hour chart. However, the market took us by surprise as XRP broke down unexpectedly from its support level and ascending trendline. This shift has painted a rather bearish picture for XRP in the short-term outlook. XRPUSDT's Current...
Hello everyone, let's dive into the EURUSD dynamics together! The EUR/USD pair has extended its decline from the previous day's rejection at the Simple Moving Average (EMA) resistance around the 1.0865 area, facing selling pressure for the second consecutive day on Wednesday. Nonetheless, the spot price endeavors to stay above the 1.0800 mark during the Asian...
Hello, community! Today has been a positive turn for ETHUSDT, continuing to be dominated by bullish sentiment. As previously predicted, ETH has shown a strong rebound, demonstrating its strength from a crucial support trendline. Technical Analysis: Utilizing the Exponential Moving Averages (EMAs) with periods of 34 and 89, we observe that ETHUSDT maintains its...
Hello everyone, it's a pleasure to reconnect and discuss today's strategy together! In an unexpected turn of events, XAUUSD experienced a significant surge, resulting in a false breakdown above the $2170 resistance level. Presently, it is trading around $2177, following yesterday's Gold session where it briefly touched $2200 before dropping by $24 at the time of...
Hello dear friends! ETHUSDT is operating well in its upward channel. It is currently trading at a high of $3619, after hitting $3680, marking a 0.91% gain on the day. In the short term, ETHUSDT will likely still struggle from the $3650 resistance level. However, the technical outlook remains bullish and somewhat reinforces the continued upward trend. I expect,...
Hello dear friends, let's learn about Bitcoin! Discuss and develop our strategies for today. Recently, BTCUSD has experienced significant breakthrough volatility above the $70,000 mark, thereby reinforcing the upward momentum and establishing a new extended path for the bullish side. Overall, the market is currently trading below the resistance level of $71,555...
Hello everyone, let's summarize and come up with a strategy for today! Today, BTCUSDT is fluctuating around $70,218 after pulling back from its two-month high of $71,565 earlier this week. The recovery of BTCUSDT is supported by a breakout from its previous downtrend channel and an escape from the previous sideways trend. At the same time, the current momentum...
Hello dear friends! Today: Gold price touched 2180-2175 USD and performed well in an upward price channel on the 4-hour chart. Looking ahead: Traders see a 71% chance the Fed will cut interest rates by June 2024. Low interest rates increase the appeal of non-yielding assets like gold. On the new outlook for XAUUSD: From the 2h chart, the Short-Term Technical...
Hello dear friends! Nice to meet you. Currently, USDJPY continues to trade steadily at levels above the 1D ascending channel. Looking ahead: We expect the interest rate differential between the US and Japan to narrow, which along with other factors should support the JPY. In contrast the Fed is expected to cut as soon as June, with a probability of 69.9% rates...
Hello dear friends! Today, XRPUSDT continues to trade in an upward direction. It is expected that in the near term, the long-term upward price trend of XRP will continue. The price has reached the perfect level indicated by the 34.89 EMA technical indicator, so would be bullish with a target of 0.6700, a consolidation or hold above this level would open the door...
Hi everybody. Let's discuss and strategize for the new day! Overall, USDJPY is opening up a huge liquidity zone from the 149.00 mark. It is currently trading in a range around 151.85-150.98, after hitting 151.87, highlighting a 0.04% decline on the day. USD/JPY extended its consolidation period below 151.50 during the Asian session on Tuesday. Fears that...