The British Pound achieved a solid gain against the US Dollar on Wednesday, bouncing back from a seven-week low of 1.2539 on Tuesday. Remarks from Federal Reserve officials, coupled with weaker-than-expected US services sector data, posed a challenge for the US Dollar. This resulted in the Dollar's decline for the second consecutive day, thereby contributing to...
Hello dear friends! Currently, EUR has bounced back after it regained its previously broken resistance at the 1.0800 mark with the price now hovering around 1.084 marking a 0.05% gain on the day . Furthermore, the USD index sell-off triggered by weaker-than-expected US ISM Services PMI data in March, coupled with comments from Fed Chairman Powell, strengthened...
Hello dear friends, let's explore GBP after yesterday's big fluctuations! Regarding the developments and results of the news on November 1: GBP/USD is trading above the 1.2650 level early on Thursday, finding support from the broadly depressed US Dollar. Mixed US data, dovish Fed commentary and upbeat market mood continue to act as a drag on the US Dollar ahead...
Hello dear friends, another trading week has ended. Recap the past week's trades with me and discuss our new strategy! As I mentioned in last week's analysis, ETHUSDT is currently in a corrective recovery phase, receiving support at $3200. However, overcoming the 3500 resistance seems challenging and remains the target. Currently, ETHUSDT has paused at 3224$...
Hello dear friends, are you wondering about the trend of BTCUSD? Today BTCUSD is trading around $66,520 and has continued to decline on the 1W chart since it set a potential peak at $73,831. BTCUSD is currently facing the Bitcoin Halving risk event (with the prospect of a halving to be announced). For this reason, it would not be surprising if the market is...
Hello dear friends! Today, Gold Price touched $2300-2302 early Thursday and performed well in an ascending price channel on the 4-hour chart. Looking at the chart, it can be seen that the long-term uptrend of XAUUSD still shows no signs of weakening, especially when it still maintains its steady upward trajectory. XAUUSD is currently still consolidating at high...
Hello everyone, let's discuss and strategize with me! Just as my earlier prediction for all of us, the coin fell as expected, ETHUSDT maintained its previous downtrend and shows no signs of cooling down. Today, it continues to decline, currently hovering around $3,364, marking a significant 4% drop on the day. Volume is still decreasing, the H4 setup shows...
Hello traders Let's come up with today's strategy for BTCUSD! Today, BTCUSD continues to trade in a bearish correction within a bearish trend. Looking closely from the chart we can see that it has turned down in a recovery trend (indicated by the breakout circle on the 1h chart). In particular, the price quickly recovered, but was still limited within the...
SOLUSDT trading strategy Overall, the current trend favors the bears, SOLUSDT is currently trading at 182.08 and has lost 1.61% on the day. At the same time, a pattern is forming. Theoretically, the price will break this recovery trend and correct further. H1 setup shows in corrective recovery trend. At the same time, the price continues to stay below the EMA...
Hi everybody! Today, we are seeing BTCUSD maintain a stable level around 65,645 USD, not recording any prominent fluctuations. In this context, I still support the view of selling BTCUSDT, especially after it has left the sideways trend. Signals from EMA 34 further increase optimism that the market may lean towards sellers. So what do you think? Is this the time...
RalphBenjamin, hello everyone! As RalphBenjamin mentioned in last week's analysis, XAUUSD's outlook remains positive after the correction and recovery period, especially as it quickly bought back the dip and retested its all-time high ATH at 2270 USD mark yesterday. It is currently trading at a new high of $2282, after surpassing $2270, marking a strong $12 gain...
Hi everybody! Overall, EUR/USD is struggling to gain any significant momentum and remains confined just below the 1.0800 level. This development appears to be influenced by the convergence between the EMA and the response from the respective ports. Looking Ahead: Heading towards a much-anticipated reflation release from Europe, the Euro (EUR) is struggling below...
Hello dear friends! Today we are leaning towards the selling strategy. As evidenced by a close observation from the 1-hour chart, XRPUSDT has breached the ascending trendline off the mark leading to a false breakout, currently facing a 0.05% decline on the day, and is still rotating. hovering above the 0.5725 reactive support level and below the 0.6150 resistance...
Hello dear friends! Just like my prediction before, the formation of 2 peaks caused the product to decline in price promisingly. At the time of writing, the crypto market is trading at the 187.59 mark and remains confined below the 205.00 resistance level. The downside potential is very strong as it has formed a stable top pattern on the 1D chart. Therefore,...
Hello, it's nice to meet you again to discuss and strategize for the new day with you! Overall, GBPUSD had significant gains last week, with prices rising and surpassing the 1,250 level. It is currently trading at a new high of 1.054, after touching the 1.0365-1.0364 mark. So what are the reasons and factors driving this currency pair? Regarding the developments...
Hello dear friends, let's discuss BTCUSDT and discuss strategies for the trend! Overall, BTCUSDT has been stuck in a downtrend with the price currently trading around the $66,422 mark. At the same time a bearish wedge is forming, theoretically the price support will break the support and quickly correct further. In particular, the fundamentals are negative for...
Dear friends! Overall, BTCUSD continues its downtrend within a narrow range at all-time highs. At the same time, a triangle is forming. Theoretically, the price should break the $65,000 support and correct further. First of all, investors are paying attention to the important Bitcoin Halving event, an important milestone signaling a decrease in Bitcoin supply....
Gold retreats from its newly set record high of $2,265.58 per troy ounce. Initially gaining in the Asian trading hours, XAU/USD reversed its course during European trades, now hovering around the $2,250 mark, bolstered by the US dollar's surge following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests gold may undergo further...