Hi everybody! Now, EUR/USD continued its losing streak for the sixth straight session on Tuesday, hovering near 1.0620 during Asian trading hours. Strength in the US Dollar (USD) puts pressure on the EUR/USD pair, possibly boosted by rising US Treasury yields. Additionally, stronger-than-expected Retail Sales data from the US raised expectations that the Federal...
Hi everybody. Nice to meet you again to discuss and strategize with you today! Overall, the movement of EURUSD completely meets my needs. After the head and shoulders formation, the price has broken out of the bullish and bearish channel up to now. It is currently in the process of recovering and consolidating above the 1.0600 level. With the possibility of wave...
Hello dear friends! Overall, XAUUSD continues to be supported by bulls. Mainly due to crises from the Middle East. It is currently trading steady around $2,384, up 0.06% on the day. Do you wonder why gold increased so strongly? Regarding international market information: Gold prices rose higher at the end of the North American trading session, up 0.22% following...
GBP/USD traded slightly lower on the day below 1.2450 during the early European session on Tuesday. Data from the UK showed that the ILO Unemployment Rate in February rose from 4% to 4.2%, putting pressure on the British Pound. Later in the day, Fed Chairman Jerome Powell will speak on the economic outlook and monetary policy. Investors will also closely monitor...
Hello friends! Currently, Gold prices are struggling below $2,400 early Wednesday after seeing a quiet close a day ago. Gold makes another attempt to regain the $2,400 level, as the US Dollar, following a slight pullback in US Treasury yields, awaits a new series of speakers from the US Federal Reserve. According to CME Group's FedWatch Tool, markets have placed...
In light of the recent downturn in ASML sales, it's prudent to assess potential implications for the stock's trajectory. ASML faces lower than expected orders in Q1 amid industry downturn. CEO Peter Wennink remains optimistic about sector recovery in 2024. Orders dip to €3.6 billion, revenue at €5.3 billion. Our initial target lies at 826.1, where we anticipate a...
Hello dear traders! Overall, SOLUSDT is seeing a weak recovery in the bearish trend. In this scenario, we may consider a selling opportunity as it completes a test of the bearish channel around the 140.00 mark. The target for this decline is at the 124.60 mark. Good luck and remember to set your take profit (TP) and stop loss (SL) levels properly!
As I predicted, NZDUSD dropped heavily after the release of Retail Sales data on Monday. Analysing a price action today, I see that the pair became heavily oversold. The price formed a falling wedge pattern and a narrow horizontal range within. Bullish violation of the resistances of the wedge and the range indicate a highly probable coming...
💹 Let's analyze the cryptocurrency coin DOT together for trading in lower timeframes. 🔍 🛑 Following recent events in the world and the Iranian missile and drone strikes towards Israel, we experienced a market downturn that affected most altcoins, separate from Bitcoin. 🔄 While Bitcoin, Ethereum, and a few top coins managed to recover from the red candles, most...
Hello dear Bitcoin traders! Overall news: With just two days left until the Bitcoin Halving event, BTCUSD is still weak, fluctuating around the $64,000 mark without showing significant changes in trend as it is still in the recovery phase. correction, receiving support from $61,780. However, overcoming the resistance as mentioned on the chart remains the...
Price hit the first target of 2390 and pushed to give indication that it wants to continue higher. It’s busy correcting now and if 2362 area holds, we can see a continuation to the upside. Buys valid above 2390
Short-term DXY Analysis: Navigating a Diamond Bottom 📈💎 The US Dollar Index (DXY) is a critical indicator for currency traders, reflecting the strength of the USD against a basket of major currencies. As of mid-April 2024, here's a concise analysis based on the current market scenario, recent technical patterns observed, and economic events: Diamond Bottom...
Hello dear friends! Just as James predicted last week, the downtrend of EURUSD continued last week, the growth did not develop and it continued to decline deeply. Currently EU is trading at 1.0608 and the trend continues to grow. There is no change in momentum here, it mainly continues to decline sharply to test the previous huge liquidity bottoms of the trend...
Hello dear traders! In the current context of BTCUSD, the three-day consecutive downtrend is a notable development. The cryptocurrency's steady trading below the $65,500 resistance and lack of signs of a strong recovery could indicate the potential for further downside in the short term. The preparation for short selling orders when BTCUSD breaks below the support...
Hello dear traders! Overall, gold experienced significant volatility yesterday, it rose more than 1% during the trading session. Weekend news causes concerns to persist as Iran launches a major attack on Israel, raises concerns about Israeli retaliation for borrowing costs, which will create favorable conditions for the yellow metal. Regarding news impact:...
Hello wonderful friends of Ralph Benjamin! International market information today: Gold prices increased again in the context of escalating geopolitics, especially in the Middle East. It is currently trading steady around the $2,370 mark, marking a 0.58% drop on the day. Overall, geopolitical uncertainty surrounding the growing chaos in the Middle East has...
Hello dear traders! The Japanese Yen remains near multi-decade lows amid BoJ's dovish outlook. Bets on a Fed rate cut will lift USD to new year-to-date highs and provide further support for USD/JPY. Intervention concerns and softer risk levels could help limit deeper losses in the safe-haven JPY. On the other hand, the US Dollar (USD) extended its recent upward...
Hello dear traders! Overall, after a long period of sideways movement, GBPUSD has experienced significant volatility as it exited the sideways channel and fluctuated below the low, currently trading at 1.2431. It can be seen on most timeframes that GU is maintaining below the lows after a long period of sideways movement and settling above the highs, suggesting...