Hello everyone, yesterday we initiated a buy order, and fortunately, the price moved exactly as we anticipated. However, the uptrend is not yet fully assured as the price is still adjusting and retracing to the 0.5 - 0.618 Fibonacci zone, part of its correction phase. Although the overall trend has yet to be clearly defined and the persistent sideways movement is...
Greetings, today the USDJPY pair is navigating through a quiet trading session, directly facing the resistance at the record high above the 151.00 threshold. The momentum for an upward movement seems to be waning amid fears that the Japanese government might intervene in the forex market to support the Yen, presenting a significant obstacle for buyers aiming to...
Hello, cherished trading enthusiasts! What's your trading strategy for GBPUSD today? I'm eyeing a BUY position for this pair as it begins to show bullish signals. The price is accumulating, and the downward momentum is cooling off. It's time for a trend adjustment after last Friday's sharp decline. My buy target is at 1.267 USD, as indicated on the chart. How...
Strategic Outlook on ETHUSDT Trading: Today, ETHUSDT continues to face a downtrend, with its price hovering around $3438. It's on a quest towards the EMA 89 and eyes the support level at $2919. My anticipation leans towards caution with ETHUSDT as it struggles to breach resistance levels. What's your take? Should we consider selling? Share your strategies and...
Hello everyone! Today, EURUSD has shown early signs of a recovery, attempting to adjust its course at the start of the new trading week. After hitting a low of 1.808 last Friday, it's currently trading around 1.082. However, the short-term uptrend of this pair remains uncertain. Technical analysis reveals that it's still trading below the EMA lines, with the EMA...
Hello BTCUSDT traders, thrilled to catch up with you today! As we kick off the new week, BTCUSDT is trading at $66,781, shedding 0.87% for the day. In the short term, BTCUSDT is navigating an upward wave, yet when zooming out to the broader chart, the price remains in a sideways pattern, capped below the $68,500 resistance level. I'm observing the continued...
Hello everyone! Today's gold price is showing quite a promising recovery, with an early surge of nearly 100 pips in the trading session. However, this uptrend is yet to be firmly established, facing numerous uncertainties as the prevailing direction remains bearish, influenced by various monetary policies at play. The immediate resistance levels that gold must...
Gold Outlook: As the week kicks off, gold's price (XAU/USD) remains comfortably above $2,100, buoyed by expectations that the Federal Reserve may cut interest rates later this year. All eyes are on the forthcoming US GDP data for Q4, anticipated at a steady 3.2%, which could inject new life into the market. Currently, gold hovers around $2,168, experiencing a...
BINANCE:RSRUSDT (4H CHART) Technical Analysis Update RSR is currently trading at $0.006682 and showing overall bearish sentiment Price currently broke down from the resistance and showing continued downward momentum Entry level: $0.006180 Stop Loss Level: $ 0.006682 TakeProfit 1: $ 0.005909 TakeProfit 2: $ 0.005715 TakeProfit 3: $ 0.005277 Max Leverage: 2x ...
Hello,Friends! Previous week’s green candle means that for us the GOLD 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 2136.247. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USD/CAD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand...
Hello,Friends! USD/CHF is making a bullish rebound on the 6H 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 0.887 level. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2176.117. Considering the today's price action, probabilities will be high to see a movement to 2157.430. P.S Overbought describes a period of time where there...
Take a look at our analysis for USDJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 151.191. The market is approaching a significant resistance area 150.533. P.S Please, note that an oversold/overbought condition can last for a long time, and...
Here is our detailed technical review for SPX500USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5237.5. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5193.0...
I'm probably crazy, Yeah I know What's up folks Brandon here. Today I have some possible sells on NZDCHF, I think sells just make overall sense as none of the data I have taken in builds my confidence in a buy. Furthermore it feels like a buy seems to obvious. I am extremely cautious of when a set up feels obvious. I like to go against the grain, and No that...
Hello, savvy and affluent traders! What are your thoughts on XRPUSDT: The XRPUSDT chart reveals a successful breach of the downtrend channel, currently undergoing a minor adjustment to retest the breakout zone. I'm eyeing a buying opportunity in the marked area, setting sights on targets at 0.6700 and beyond as we continue to capture new highs. What about you?...
Strategic Outlook for USDJPY Today: The USDJPY pair is currently facing a ceiling under the resistance level at 151.700. The downward momentum seems favored as the Japanese Yen strengthens against the US Dollar, buoyed by Japan's heated inflation data for February, bolstering investor confidence in the Bank of Japan's (BoJ) shift towards policy normalization....