BTCUSD is consolidating above $63,000, on the long term, a “cup and handle” is forming and is currently moving through the fourth wave of the Elliott wave sequence. Overall, the price is correcting, we predict a strong recovery, where the price is expected to bounce off the double EMA and break through to complete the fifth and final wave of the pattern.
If this...
Hi everybody! Gold prices (XAU/USD) fluctuated in a narrow trading range entering the European session on Tuesday and remained within striking distance of all-time highs reached last week. The US Dollar (USD) rose to its highest level since early November amid expectations that the Federal Reserve (Fed) will delay interest rate cuts amid rising inflation. The...
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Overall, SOLUSDT which experienced significant volatility yesterday continued to decline significantly for a third day, trading around the price of $132.50, down 4.45% at the time of writing. The downtrend is very strong as it is stable on the 1D chart.
Two key support levels at 170.00 and...
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According to Kitco, the world gold price recorded today is around 2,380.95 USD/ounce. Today's gold price is 37.66 USD/ounce different from yesterday's gold price.
Safe-haven demand due to concerns about escalating tensions in the Middle East continued to provide a boost to the yellow metal in the...
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Currently, USD/JPY is at a multi-decade high of 154.00 during the European session on Monday. The Japanese Yen continues to be weakened by the BoJ's uncertain outlook on future interest rate increases. Concerns about intervention and persistent geopolitical tensions could help limit...
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Overall, GBP/USD recovered early Monday and rose above 1.2450 after falling to its lowest since November of 1.2426 before the weekend. The technical outlook suggests the bearish bias remains intact but de-escalation in geopolitical tensions could help the pair prolong its...
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SOLUSDT continues to form a correction during the recovery phase again, receiving support at 130.85. However, overcoming the broken support level around 167.00 is still a challenge and a target.
If the bulls cannot muster enough strength to overcome this support, the bears could sink...
BTCUSD struggled with strong selling pressure from short-selling investors, causing the price to plummet to $65,300 at the beginning of the trading week. This downtrend resumed after key support levels were broken.
According to technical analysis, the downward trend is likely to continue due to the appearance of a triple top pattern on the chart. If this...
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ETHUSDT continues to trade in a short-term bearish trend.
Overall, ETHUSDT is showing bearish signals as the downtrend channel remains intact, with highs and lows gradually forming.
In the short term, the bearish outlook remains intact as long as the bearish channel's limited resistance is not breached, we will see further downturns in the...
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BTCUSDT is currently showing signs of recovery after a string of sharp declines, currently trading at around $66,500, up 1.38% on the day. However, there remains some uncertainty as to whether the uptrend can reestablish, as the price has yet to break above the resistance at $67,600.
Overall, the previous downtrend is...
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Overall, EURUSD volume is still falling, however the previous downturn has leveled off after the previous sharp decline (as I predicted earlier). It is currently trading at 1.0676, after touching 1.062, marking a 0.18% gain on the day. A broad decline in the US dollar and improving risk appetite bode well for the pair, as markets weigh the...
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Today XAUUSD is still moving according to the strategy of continuing to trade below the $2365 resistance level that needs to be broken.
I still maintain my view and continue to wait for a market correction signal (as indicated on h4) with a target of 2280 USD and a retest of EMA 34.89.
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Overall, gold prices have recovered strongly, opening at $2,361 per ounce - up $17 from last week's closing price. This rise continues on the basis of high interest in gold as a hedge asset. Amid geopolitical and economic issues, gold could theoretically continue to grow.
The technical chart shows that gold remains...
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BTCUSD is forming a correction from the highs since reaching the $74,050 mark. But! At the same time, an ascending triangle is forming, which theoretically should see the price break the resistance at $72,750 and grow further.
It is worth noting that the mentioned support around the $65,500 and $65,000 areas could be followed by a...
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Overall, the EUR correction continues as I mentioned, the previous breakout around 1.0805 could not cause the EU to turn bullish, but was quickly suppressed by sellers since reaching 1.0885 . At the same time, a broken handle cup forms. Theoretically, the price will quickly break support, and correct further.
Meanwhile, the US Dollar's modest...
Hello dear friends! Let's recap the markets from last week and discuss our new plan for next week, shall we?
Overall, the downtrend in GBPUSD continued last week. Strong support at 1.2575 failed to turn GU and the downtrend persisted. Currently, GU is trading around 1.2537-1.2540. It can be seen that GU is mostly sideways as the price faces strong support at...
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Gold prices jumped to safety after Iran attacked Israel late Saturday. The US dollar does not benefit from geopolitical instability and higher US Treasury bond yields. Gold heads north along with the 4H RSI ahead of US Retail Sales data.
All eyes are still focused on geopolitical developments in the Middle East to create new trading momentum...
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EURUSD has recently undergone a significant adjustment, surpassing the 1.083 level. Currently at 1.074, it is attempting a slight recovery after breaking through the support level.
Looking ahead, the relatively weak fundamental economic principles in the eurozone, coupled with the increasing likelihood of a soft landing in the US economy,...
