It seems that the price of gold is still in an upward phase and is expected to reach the resistance level at around 2161-2164. However, there are indications that the price may undergo a correction and retrace. According to the 20-day Simple Moving Average (SMA 20), it can be seen that the price of gold is likely to decrease. Additionally, factors such as...
The price of gold XAU/USD has recorded a significant increase, reaching nearly $2,250 at the start of the Asian trading session on Monday, attracting investors' attention amid expectations regarding the Federal Reserve's monetary policy, political tensions in the Middle East, and hopes for China's economic recovery. Furthermore, traders will focus on China's...
Currently, the market is experiencing a downtrend phase, with predictions indicating that this trend will continue towards the support level of 1.2590. The RSI indicator is currently below the 40 threshold, along with signals from the 20-period Simple Moving Average (SMA) about to cross below the 50-period SMA. This suggests that the market may continue to...
Based on the indicators on the 1-hour chart, Relative Strength Index (RSI) is hovering around 40 and the price is below the 20, 50, and 100 Simple Moving Averages (SMA), indicating a downward trend phase. If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future....
Looking at the one-hour Bitcoin price chart, we observe a downward trend. Firstly, the 20-period Simple Moving Average (SMA) is below the 50-period SMA, indicating a decline in price. Additionally, the Relative Strength Index (RSI), a tool measuring trend strength, has crossed the 45-50 threshold, suggesting a potential strong downward momentum. Both...
Currently, technical indicators such as RSI and SMA indicate that Bitcoin is in a downward trend. Specifically, the price breaking through the support level of 69.017 signals that the downward trend is likely to persist, potentially pushing the price down to the support level of 68.450, and may lead to a more significant price decline.
On the 1H chart, based on the RSI indicator, we observe that the price of the USD/JPY pair has surpassed the overbought threshold, indicating increasing buying pressure. However, to make trading decisions, it is essential to consider other factors such as economic news and the global market situation.
Looking at the H1 chart, we can see that the Simple Moving Average (SMA) 20 has crossed above the Simple Moving Average (SMA) 50, indicating an upward movement in the USD/JPY currency pair. Additionally, the Relative Strength Index (RSI) has approached the overbought territory, signaling potential strong upward movement in the upcoming period. However, the use...
Currently, the price of the EUR/USD currency pair is hovering around the level of 1.0780. Based on technical analysis, the overall trend in the market is showing a downward movement for this currency pair. One of the commonly used indicators, the Relative Strength Index (RSI), is below the 50 level, indicating a weakening buying momentum in the market....
Overall, the Euro/USD pair is still in a downward trend. However, the 1-hour chart indicates that the SMA20 has crossed above the SMA50, signaling a potential short-term uptrend in the near future.
Based on technical indicators such as a sudden surge in trading volume and breaking through key resistance levels, bitcoin is currently in an upward trend. This increase indicates significant interest from investors and may lead to further price appreciation for BTC in the upcoming period.
Currently, the price of Bitcoin has closed at 69,640, showing slight signs of decline. However, through the analysis of technical indicators, we observe that the market is still in an upward trend. Other technical indicators continue to demonstrate positivity, indicating the strength of buying pressure being maintained in the market. This suggests that despite...
In the upcoming period, it is anticipated that the GBPUSD currency pair will experience a sequence of volatility. Initially, we may observe a minor downtrend then testing of resistance level above. However, the possibility of another significant downturn should not be ruled out, based on technical and fundamental factors influencing the market.
Based on the weekly chart analysis of the GBPUSD currency pair indicated that prices will continue to rise in the upcoming week. Technical indicators also show signs of this price increase. This could increase the interest of traders and investors, creating profit opportunities. However, attention should be paid to factors such as economic news and market...
Last week was quite interesting, especially given the EUR/USD orderbook had four very strong levels of resistence making up over 50% of the sell side weighted volume (Thursday). The lower range was pushed down from previous levels, also indicating buyers are calling for lower prices. The orderbook still has quite a bit of pressure on the sell side, even though...
Hello everyone, let's look at the 8H BTC to USDT chart, as we can see, the price has emerged from the triangle at the top and is currently moving along the established upward trend line. Let's start by setting goals for the near future that we can include: T1 = $71,112 T2 = $73,880 AND T3 = $77,415 Now let's move on to the stop-loss in case of further market...
Based on the daily chart analysis, it is evident that this week, prices continue to fluctuate around zone 151.00 - 151.90. Forecasting for the upcoming week, there is a possibility of a price correction phase, with potential testing towards the support zone around the level of 150.00. On the other hand, examining the two moving averages EMA 34 and EMA 89...
Based on the daily timeframe analysis, we observe that the price of Euro is currently below both the EMA 34 and EMA 89 lines. Particularly, the EMA 34 is trending downwards and shows signs of crossing below the EMA 89 in the near future. This indicates a potential downtrend for the Euro towards the support level at 1.0709. Investors and traders may need to pay...