LuxeFX_Trading

LuxeFX_Trading Updated 

Many educational resources suggest that in most cases, the bulls will win the battle and the price will break through the resistance level. However, based on our experience, this is not always the case. Sometimes the resistance zone is too strong and the buyers lack the strength to overcome it. Prices usually increase after breaking out of the pattern in the...

LuxeFX_Trading Updated 

Examining the chart, we observe a MACD crossover, indicating a short-term price increase. However, the downward trend of the RSI suggests weak buying pressure. The crossing of the SMA and EMA lines creates a strong resistance zone. Based on these factors, I predict a decline in gold prices.

LuxeFX_Trading Updated 

Using the MACD method, it's evident that buying pressure in gold has weakened, with selling momentum increasing. The rising RSI indicates robust buying activity. Additionally, the recent Bollinger Band squeeze suggests impending volatility. Despite the price closely tracking the upper band, a retest towards the middle band seems likely.

LuxeFX_Trading Updated 

Following a slight retracement, BTCUSD is currently consolidating within a narrow range. A significant factor affecting Bitcoin sentiment is the potential approval of a Bitcoin ETF by Morgan Stanley in the coming weeks, as indicated by documents filed with the SEC. This prospective institutional embrace of Bitcoin could trigger a fresh influx of capital into the...

LuxeFX_Trading Updated 

The downtrend in EURUSD persisted last week, with strong resistance at the 1.080 level failing to propel the Euro higher. Currently trading at 1.073, marking a 0.11% decrease for the day, EURUSD exhibits signs of a forming pattern, as indicated on the 1D chart. In a downtrend, the 1.080 resistance level may react similarly. Theoretically, unless EUR maintains...

LuxeFX_Trading

Many educational resources suggest that in most cases, the buying side will win the battle and prices will break through resistance. However, based on our experience, this isn't always the case. Sometimes, the resistance zone is too strong and the buying side lacks the strength to break through. Prices often move upwards after breaking the pattern in the majority...

LuxeFX_Trading Updated 

What you've just observed is the basics of bouncing back from the Bollinger Bands. The reason for this bounce is because these bands act as dynamic support and resistance. The larger the time frame you use, the stronger the support and resistance from the bands. Many traders have developed trading systems based on this factor. This trading system works best when...

LuxeFX_Trading Updated 

The price of gold has slightly declined below $2,355 during Wednesday's Asian trading session, following its recent record high of $2,366 on Tuesday. However, when looking at technical indicators such as the Bollinger Bands and the Relative Strength Index (RSI), it is evident that the market is still in an uptrend with no signs of a downturn. Observing the...

LuxeFX_Trading Updated 

Due to today's BTC sale could test 60K level. BTC today broke the important support level of the rising trendline. Need to claim it back soon otherwise 60k is unavoidable.

LuxeFX_Trading Updated 

In the intricate web of global currencies, the Euro stands as a pivotal player, navigating the currents of economic fluctuations and geopolitical shifts. As we delve into the realm of currency analysis, let us unravel the complexities shaping the Euro's journey. At present, the Euro finds itself at a crossroads, buffeted by a myriad of factors. Economic data...

LuxeFX_Trading Updated 

BTC Showing Bearish Signs on H1 Chart - Caution Advised for Futures Traders, Hold Steady for Spot Traders

LuxeFX_Trading Updated 

This week, markets are closely monitoring the release of significant US inflation data. The inflation figures are expected to provide further insights into the Federal Reserve's interest rate cut trajectory and could serve as the next catalyst for gold prices. The US Consumer Price Index (CPI) for March will be published on Wednesday. According to economists'...

LuxeFX_Trading Updated 

The gold price currently surpasses the channel's upper margin, signaling a potential retracement. With robust support at $2195, a pullback is anticipated.

LuxeFX_Trading Updated 

Observing Wave 5: Fibonacci Retracement at 0.618 or 0.382 for Effective Buy Order Management.

LuxeFX_Trading Updated 

BTC has formed a bearish shark and continued its bearish trend, in the previous analysis I advised to retest the long position and now it is time to short and support around 64,000 and 62,000 levels.

LuxeFX_Trading Updated 

Gold undergoes a significant correction after a failed attempt to confirm its all-time high (ATH). A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.

LuxeFX_Trading Updated 

Gold prices soared to $2,250 per ounce today, marking a $12 increase from the morning's opening. The driving force behind this upward momentum lies in the growing belief among investors that the Federal Reserve will embark on monetary policy easing. Market watchers anticipate a potential interest rate cut by the Fed in either May or June. Apart from rate...

LuxeFX_Trading Updated 

In the realm of global finance, the Euro stands as a cornerstone of the international monetary system, influencing economies and markets worldwide. As a seasoned financial analyst, delving into the intricacies of the Euro unveils a narrative rich in complexity, resilience, and economic significance. The Euro's Economic Landscape: The Euro represents the common...