Dear friends, BTCUSD continues to gain some recovery momentum as it reclaims the 68,000 level, but the main and long-term trend remains horizontal. The price is approaching the $68,000 level and BTCUSD is currently approaching the Bollinger Band limit. A downside correction is expected once the pair reaches the $66,750 support levels. In general, at this time...
Ralph Benjamin hello everyone! Currently, we are continuing to see the continuous upward momentum of XAUUSD, which has reached the level of 2330 USD and is expected to soon reach a new profit-taking mark of 2514 USD as previously predicted. On the price chart, a bullish trend line has formed with support from the 34 and 89 EMA, showing the potential for XAUUSD...
Overall, XAUUSD has completed a cup and handle pattern (as shown on chart 1W). From a personal and theoretical perspective, XAUUSD should grow further. It is worth noting that the mentioned support zones range from Fibonacci 0.786 (2250) USD, the uptrend could get even stronger if it receives strong buying pressure from this support level. But! Based on the setup...
Hello everyone, let's discuss our strategy for the new day! In general, EURUSD experienced a significant increase yesterday, with a rise in price surpassing the 1.0840 level. It is currently trading at a new high of 1.0848, after reaching a milestone of 1.0860, marking a 0.02% decrease during the day. So, what are the reasons and factors that have driven this...
Hi everybody! Today let's discuss XAUUSD. Overall, XAUUSD experienced significant volatility yesterday, specifically breaking through the market's psychological resistance level at the $2070 mark despite market buying pressure weakening. It is currently trading at a new high of $2271 after hitting the 2289-2290 mark, marking a 0.45% decline on the day. So what...
Hello wonderful friends of Ralph Benjamin Let's look at the trends and discuss the next strategy for today! Overall, USDJPY has experienced significant price conflict (indicated by a previously broken resistance line in the market cap-expanding bullish channel) with price gains moving past the 150.00-151 level .00. It is currently trading at a new high of 151.74,...
Hello dear friends! Let's recap the market and discuss our new plan, shall we? Overall, the EURUSD downtrend continued last week. Strong resistance at the 1,080 mark could not cause the EU to break through and the downtrend continued. Currently, EU is trading at the 1.073 mark marking a 0.1% decline on the day. At the same time as indicated (on chart 1D) there is...
Ralph Benjamin hello everyone! On the 1-hour chart, the uptrend channel is still working well. If GU overcomes the resistance level of 1.2648, it will create more upward momentum for GU in the next trading session. Wishing you all the best of luck.
BTCUSD Trading Strategy: Overall, BTCUSD has formed a pattern on the 1D chart. It is currently trading steadily at high levels around $67,500 and is near the 34.89 EMA active zone. Currently, the trend is still unclear. These are the two cases mentioned on the 1D chart. Strategy 1: Breakout above the triangle and accumulate above this level to increase the price...
Hi everybody, With an overview, we can see that SOLUSDT is under downward pressure, leaving the established growth channel on the 8-hour chart, demonstrating a 5.86% price drop on the day. However, through analysis, I still maintain an optimistic attitude for the current intraday trend, especially with short-term selling transactions on the 8-hour chart. The...
Hello dear friends, let's explore the EUR price after yesterday's big fluctuations! About today's news developments and results: The weakness of the Greenback can be seen as a factor influencing a certain recovery of EUR/USD, increasing the possibility and appeal of the Euro compared to the USD. Conclude Ahead of the US labor market report, the weakness of the...
Hello everyone, do you think gold price this week will end in the number? In my opinion, gold continues to grow increasing according to the long -term chart, but for short -term traders we need to consider the following number: In terms of news: After newspaper of agricultural pH, gold not too much support, the price still increased compared to the early morning...
GBP/USD witnessed a significant daily surge on Wednesday, further escalating early Thursday. The pair has comfortably positioned itself above the 1.2600 mark in the European trading session, with technical outlook indicating an upward trajectory ahead. The widespread selling pressure surrounding the US Dollar (USD) has been a catalyst propelling the GBP/USD...
Dear friends, let's discuss and strategize for today's gold price! Overall, the medium-term outlook still suggests upside for gold towards new global ranges. At the time of writing the price is trading steady around $2,278, highlighting a 0.53% decrease on the day. Today's Unemployment Rate and NonFarm Claims are strong news, bringing unpredictable declines, we...
Hello dear friends! Let's discuss and strategize our new day! Overall, XAUUSD has experienced the most significant and notable price increase this year, specifically yesterday it increased in price past the level of 2265 USD. It is currently trading at a new high of $2293, after hitting $2305, marking a 0.23% decline on the day. So what comes next, higher or a...
Hello dear traders! What do you think about GBPUSD? Overall, GBPUSD fell as we predicted after reaching the limit of the rising price channel. It is currently trading around 1.262, with the focus being that the pair is facing a fierce reaction from the consolidating 34.89 EMA on the 2H chart. I think GBPUSD has enough strength to "cool down" and test the limit...
Welcome to a new day in the cryptocurrency market, where BTCUSDT once again has the trading community buzzing with its latest stunt. Today, Bitcoin continued its downward journey, breaking through the ascending trendline, marking a notable development. The appearance of the 'cup and handle' pattern in a short period of time is not only an attractive performance...
As I mentioned in the previous analysis, BTCUSDT is currently in a recovery phase with a corrective trend, receiving support at 65,500. However, overcoming the $70,000 resistance seems challenging and remains the target. I still strongly believe in the downtrend. Once the current support level is broken, there will be nothing to stop BTCUSDT from falling further....