Trading Strategy for BTCUSDT: Buy Expectation: Following the trend as BTCUSDT rallies, the price finds solid backing from the EMA 34, 89 signals. The outlook favors continued purchases as it completes its retracement at the 0.618 Fibonacci level. Profit target is set at $73,700. Wishing you smooth trading and good fortune!
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 159.920 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
GBP/USD is under relentless selling pressure, dipping just below the 1.2600 mark during Thursday's European trading session. The resurgent dominance of the US Dollar (USD) has exerted a formidable force on GBP/USD throughout the latter part of the week. It is expected that the price will drop sharply if it breaks the support zone of 1.2590.
Hello,Friends! We are targeting the 1.257 level area with our short trade on GBP/USD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the AUD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 96.612. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 2120.486 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.884 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
GBP/USD pair traded lower around the 1.2620 level at the start of the European trading session on Friday. TThe decline of Pound Sterling (GBP) is backed by the growing speculation that the Bank of England (BoE) will begin an interest rate cutting cycle this year. Technically, the GBP/USD price continues to maintain a downward trend as it remains below both the...
Technical analysis indicates that the EMA 34 has crossed above the EMA 89, forecasting a continuation of the upward trend. However, the USD/JPY is currently moving sideways and stabilizing around 151.40, and forecasted decline due to the cautious stance of the Bank of Japan (BOJ) on interest rates. Japanese Finance Minister Suzuki expressed concern about the...
Please, check our technical outlook for GBPUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.262. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.253 level. P.S The term...
"USDJPY trades quietly, hovering at record highs with a lack of upward momentum. The trend favors sideways movement, though EMA 34 and 89 signals suggest a potential for ascent. Technically, any upward trajectory may face resistance near the 152.00 mark, serving as a pivotal point for bulls if decisively breached, hinting at a continued rally from January 2023...
Based on the daily timeframe analysis, the USD/JPY exchange rate has maintained a stable range around 151.20/151.90 this week, despite its overall upward trajectory. The increasing disparity between the EMA34 and EMA89 moving averages indicates potential for a breakthrough above 152.00, aiming for a new high around 153.00. However, it's essential to consider the...
The price of gold surged in the North American trading session on Thursday, setting a new all-time high of $2,233 per ounce. This climb in the precious metal's value defies the rising US Treasury yields, bolstering the US dollar, and signifies strong investor demand. From a technical perspective, the upward journey of XAU/USD is far from over. The 4-hour chart...
Hello everyone, yesterday witnessed a dramatic surge in global gold prices, hitting a high of $2,233 per ounce on March 29th, just before the Easter holiday. This significant increase of 1.8% in a single day and over 9% in March is attributed to signals from the Federal Reserve (Fed) of the United States indicating potential rate cuts thrice within the year....
In the backdrop of the continued strength of the US Dollar (USD), the EUR/USD currency pair continues its descent, swayed by the prevailing hawkish sentiment surrounding the Federal Reserve (Fed) and the anticipation of forthcoming interest rate hikes. The strengthening of the US Dollar (USD) is bolstered by recent robust economic indicators emanating from the...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NASDAQ for a selling opportunity around 18300 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 18300 support and resistance area. We would also like to consider the current bullish bias on DXY due to the negative correlation that may put extra...
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.60200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60200 support and resistance area. Trade safe, Joe.