The AUD/USD currency pair is currently in a favorable buying zone, with the exchange rate sitting at 0.65957. This indicates that it may be a strategic moment for traders to consider purchasing Australian dollars against the US dollar. By setting take-profit levels at 0.66282, 0.66387, and 0.66500, traders can establish clear targets for potential gains. These...
🏃♂️ Bitcoin is moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 🌊According to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves). 📈In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern . 💡Looking at the chart of Market...
On Monday, gold prices traded negatively during the Asian session. Hawkish remarks from the Fed along with increasing speculation that the Fed might delay its easing plans bolstered the U.S. dollar, driving gold prices lower. However, the bullish outlook for gold remains intact as it sustains above the 34.89 EMA. This support suggests that the trajectory for...
Currently, the USD/JPY currency pair is indicating a favorable buying opportunity, with the buy zone identified at 155.70. This suggests that at this particular price level, it could be advantageous for traders to consider initiating long positions in anticipation of potential price appreciation. To capitalize on potential gains, traders may consider setting...
XAUUSD, indicating a sell zone at the current price of 2355. This presents a strategic moment for traders to capitalize on potential market movement. Setting multiple take-profit levels, such as at 2350, 2340, and 2330, offers a layered approach to securing gains at different price points, ensuring flexibility in profit-taking as the market reacts. Meanwhile,...
Currently, the EUR/GBP pair presents a favorable buying opportunity, with the buy zone identified at 0.85969. This suggests an advantageous entry point for traders looking to capitalize on potential gains in the market. As for profit-taking levels, targets are set at 0.86300, 0.87319, and 0.86492, offering multiple opportunities for traders to secure profits at...
The current buying opportunity for USDCHF is at 0.90659, presenting traders with an advantageous entry point. Setting take profit levels at 0.90761, 0.90871, and 0.91074 allows for a strategic approach to capitalizing on potential market movements. These levels offer clear targets for profit-taking, helping traders manage risk and maximize returns. Implementing a...
The suggested buy zone for NZDUSD is currently at 0.60075, indicating a favorable entry point for potential investors. This strategic entry level is complemented by carefully calculated take profit points, set at 0.60341, 0.60525, and 0.60609, offering multiple opportunities for profit-taking as the trade progresses. Additionally, a prudent stop loss order is...
BTCUSDT is currently moving within a price wedge and is undergoing a correction phase upon touching the upper limit of the wedge. The short to medium-term target range of USD 59,000 - 60,000 is viewed optimistically, as long as the price wedge remains intact. I am anticipating a decrease, what about you? What are your thoughts?
Today, gold prices are on a recovery path after experiencing a significant drop yesterday, currently trading around USD 2343, marking a 0.34% increase for the day. However, gold is showing signs of forming an inverted cup and handle pattern. If this pattern continues to develop, there could be a deeper correction following a retreat to the Fibonacci levels...
Gold prices (XAU/USD) encountered challenges in Monday's Asian trading session. Hawkish comments from the Federal Reserve (Fed) and speculation that the Fed might delay easing its monetary policy boosted the USD, putting downward pressure on gold. However, economic weakness and geopolitical tensions in the Middle East could support the precious metal. Investors...
Hello dear traders! Currently, EUR/USD trades lighter at around 1.0770 during Asian trading hours on Monday and is up 0.03% on the day. While a test of the key resistance zone around 1,080 remains elusive. Meanwhile, spot is expected to maintain cautious trading ahead of the key release of May's Michigan Consumer Sentiment and the Fed's speeches by Bowman, Barr...
BTC / USDT BTC has printed big falling wedge and the chance for big breakout is high however more corrections and final shakeout can also happen The bottom about to be formed So Keep accumulating BTC and strong altcoins and enter market partially In meanwhile you can ask about your favorite altcoin for analysis Best of wishes
➖ Last week Bitcoin produced what appears to be a bullish candlestick pattern, which is good. This week, a negation happens and prices move to trade and close below EMA10. ➖ The rejection (bearish close) right after the recovery (bullish close) results in a "failed signal," these failed signals are stronger than a common signal. ➖ Bearish volume rose to hit its...
BTCUSD kicked off the week with a strong rally, currently trading around the $62,800 mark, reflecting a 2.20% recovery for the day as of this writing. BTCUSD has successfully forged a new price breakout, yet it still faces hurdles beneath the $63,200 resistance level. A slight adjustment might be on the horizon to solidify its recovery before BTCUSD can confirm...
Dear traders! Let's strategize our new day! I think the main medium to long term trend for BTCUSD remains bullish as the trend line is still there. However in the short term, I expect the last 50% of the downward move looks to be an interesting area to get into a strong buy position until the price touches the 53k area! 53k is this area that is still very...
Hello summary traders! What do you think about XAUUSD's next trend? In terms of macro data: No macro data changed last night. The market will focus heavily on tomorrow's CPI data but first, this evening will release PPI data and then the speech of chairman J.Powell. With PPI data, I mainly pay attention to PPI m/m data and also need to determine that price...
For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10. 👉 Bitcoin is now officially trading within bearish territory. This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our...