The EUR/USD currency pair has surged higher, reaching the level of 1.0672 on Thursday at the start of the Asian trading session. This recovery is being strongly propelled by the downward pressure on the US Dollar, opening up a wide door for the Euro to recover and increase in value. Looking at the chart, we can easily observe the transition from a downtrend to an...
Although USD/JPY is still in an upward trend, the market is currently experiencing a notable correction phase. Looking at the chart, it's evident that prices are rebounding and undergoing a downward adjustment, resulting in a certain level of volatility. It is expected that prices will test the SMA 20 moving average area before resuming a stronger upward momentum.
Overall, EUR/USD is currently reflecting a downward trend due to the strong growth pressure of the US dollar (USD). This pressure has pushed prices down near the 1.0620 level in the early Asian trading session on Wednesday. However, technical analysis suggests that the market may experience a short-term upward correction. The possibility of prices rising to touch...
Gold hit its lowest price of the week at 2,354 USD in Wednesday's US trading session, failing to surpass the 2,400 USD mark. The inability to reach the 2,400 USD milestone has cast uncertainty over Gold's upward momentum, leading to a decline in its price. Looking at the 1-hour chart, we can observe the downward trend of the gold price based on trading below the...
✅EUR_CHF fell down sharply But a strong support level was hit at 0.9680 Thus as a rebound is already happening A move up towards the target shall follow at 0.9749 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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The chart shows the levels to which the BTC price may drop in the coming days/weeks. Currently, we can see that the price is based on the support at the 0.382fib level at the price of $60,000. I further identified a strong support zone from $55,000 to $52,000, which is between 0.382fib and 0.618fib, taking into account two fib retracement grids and trend-based fib...
Overall, GBP/USD is still maintaining a downward trend. This currency pair continued to decline during Wednesday's US trading session. Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply. In this context, investors need to be cautious and carefully...
At the beginning of Wednesday, the USD/JPY pair continued to hover below 155.00, a clear signal of the strength of the Japanese Yen. This stability is primarily supported by underlying risks of impending intervention from Japan. A slight decline in the US Dollar and US Treasury bond yields is also weighing on this currency pair. However, chart analysis reveals...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Overall, EUR/USD is still maintaining a downward trend. EUR/USD has dropped to near the 1.0620 level at the beginning of the Asian trading session on Wednesday. This indicates the strength of the US Dollar compared to the Euro in recent times. However, when looking at the technical charts, we can see some positive signals suggesting that the price may be...
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region. Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood. Based on technical analysis, the upward trend of Gold appears likely to continue. On the...
Overall, the price of Gold is still maintaining its upward momentum. In the Asian trading session on Tuesday, the price of gold continued to rise below the $2,400 mark. However, political tensions in the Middle East are gradually easing, and strong economic data from China could potentially slow down the pace of gold's ascent. Looking at the 4-hour chart, we...
At the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel. Looking at the chart, it's evident that the price of gold is heading towards the target of 2,400...
Hello,Traders! AUD-CAD is falling down But will soon hit a horizontal Support line and after the Retest we are likely to see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello everyone, let's look at the 4H BNB to USDT chart, as we can see the price is approaching the lower border of the horizontal trend channel, which is located in the support zone from $517 to $486, while a break from the bottom of the channel and a drop below this zone can give a strong downward movement towards the support level of $396. Looking the other...
#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K. + It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the...
USD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen. However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before...