Today, XRPUSDT is poised for a subdued trading session as the Bollinger Bands tighten, signaling the anticipation of a new directional move. Currently, there's a mild recovery underway, yet it remains capped within a longer-term downtrend. I maintain my stance on this cryptocurrency, expecting a continuation of the downward trend once this period of sideways...
USD/JPY has soared to a multi-decade high of 154.00 in Monday's European trading session. The Japanese Yen continues to weaken amid uncertainty over the Bank of Japan's (BoJ) future interest rate hikes. However, concerns about potential interventions and ongoing geopolitical tensions could buffer the Yen, a traditionally safe-haven asset. On the technical charts,...
On the daily timeframe we have a sideways market. The bearish vector 5-6 has been played out. After the price interacts with the level of 3200 and the buyer’s strength shows, we can consider long positions with a target of 3722.
Hey everyone, what's your take—should we be buying or selling BTCUSDT today? BTCUSDT has dipped from the 70k mark, trading around $68,800 as we kick off this Wednesday. Looks like it's confirmed a peak and started to backpedal since yesterday. The short-term trend is kinda fuzzy with the EMA mingling in the price action zone. Personally, I'm betting on a...
Greetings, everyone! What's your strategy for trading BTCUSDT today? In today's session, BTCUSDT has experienced a significant downturn, plummeting to $66,700. The outlook suggests further declines as it has broken free from its recent sideways consolidation phase. After a brief adjustment period to retest the breakout point, we anticipate BTCUSDT to continue...
Greetings, BTCUSDT traders! Today, BTCUSDT remains steady as it did yesterday, with little fluctuation towards the week's end, hovering around the $70,000 mark. The chart indicates a continuation of the uptrend with positive signals from the EMA. The price consistently rebounds after touching the EMA 34, but it seems to be in a short to medium-term sideways...
Federal Reserve Governor Christopher Waller remains steadfast in the "not rush" strategy regarding interest rate cuts. Atlanta Fed President Raphael Bostic shares this sentiment and predicts only one interest rate cut this year. Simultaneously, they warn that premature rate cuts could exacerbate economic disruptions. This puts the Euro under significant downward...
The Euro is predicted to encounter resistance levels early at its highest point of 1.0981, followed by 1.0936. However, looking at the chart, it is observed that the EMA 34 has crossed below the EMA 89, indicating a downward trend in the Euro and the likelihood of breaking through the support zone at 1.08031 and heading straight downward.
From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside. On the other hand, recent downward adjustments have found support around the...
Greetings, traders! Today, XRPUSDT's journey remains subdued, hovering around $0.6337. It's steadfastly holding its ground in a sideway pattern, with the price wedge yet to be breached, thus confining its short-term movements. Any breakout from this formation could dramatically sway XRPUSDT towards significant climbs or dips. Personally, I'm eyeing a buying...
Hello everyone, let's discuss and strategize for the new day with me! Just as I predicted yesterday, BTCUSDT experienced a strong price drop with the wave of DOW theory. It is currently range-bound after yesterday's sharp decline around 68,500- 62,000. Notably, the mentioned resistance at $68,500 is playing an important role in finding their new direction. It...
EUR/USD is steadfastly guarding the 1.0800 level during the European trading session on Friday. The pair remains stable amid a weakening US Dollar and optimistic sentiment, awaiting the Eurozone's leading inflation data for new directional momentum. On the chart, the pair is undergoing a retracement phase, showing a modest increase but still under the control of...
Hello everyone, the GBP/USD pair has extended its upward momentum, trading below the psychological barrier of 1.2700 during the early Asian session on Tuesday. The FOMC minutes revealed that the Fed has reemphasized its data-driven approach, leading to a more dovish outlook, which weighed on the US Dollar (USD) and provided favorable winds for this currency...
Today, gold prices continued to fluctuate below the resistance level of $2032, finding support at $2020. The decline in global gold prices comes amid a strong rally in U.S. stocks, leading to a shift in some investments from gold to equities. This transition puts downward pressure on gold prices. Moreover, the U.S. reported fewer weekly unemployment claims than...
During the early hours of Wednesday's trading session, the USD/JPY pair delicately dipped below the pivotal psychological support level of 150.00, mirroring investors' cautious sentiment. This occurred as the US Dollar Index (DXY) further slid to 104.00, amplifying the downward pressure on the dollar. A technical analysis reveals a slight downward trend for...
"Hello BTCUSDT Traders, Today, Bitcoin is carving out a resistance level at the $52,000 USD/BTC mark amid the latest U.S. macroeconomic data falling short of expectations. According to analyses from TradingView, BTC's price action has stagnated during the last week's trading session and into the start of this week, showcasing a sideways movement. For this week,...
Hello dear friends, what do you think about BTCUSDT! Today continues to be a peaceful day for BTC as it still moves with a sideways trend and seems unchanged in price compared to yesterday. It is currently accumulating around nearly 43,000 USD to prepare for a new breakthrough. Any break of support or resistance could accelerate a new trend for BTCUSDT. And...
Hello dear friends! The price of gold has decreased by nearly 15 USD since the last closing of trading, marking a 0.74% decline for the day. Currently, this precious metal is in a state of uncertainty as investors try to predict the next move of the Federal Reserve. For short-term trades, gold still leans towards a price decrease, based on the reversal signals...