Hello there! What are your thoughts on BTCUSDT? Yesterday, Bitcoin saw a pullback towards the end of the session, slipping below the 70,000 USD support level and is now trading around 69,500 USD. It seems that BTC lacks the momentum to break past its record highs. Looking ahead, further adjustments are expected, and buyers need to hold the line at 67,000 USD to...
Hello friends, Yesterday, gold experienced a significant drop, losing over 800 pips and breaking through the crucial 2300 USD support and psychological level. Gold's recent movement created a false breakout, misleading many investors. Looking ahead, we anticipate a retest of the 2282 USD level, followed by a mild recovery in line with basic wave structure...
Hello everyone! Let’s dive into EUR/USD today! Currently, EUR/USD is showing little movement, settling into an accumulation phase around the 1.0900 level. The Bollinger Bands are tightening, indicating a period of low volatility and suggesting that EUR/USD isn’t poised for any immediate breakout. However, this calm period might be a precursor to a significant...
Hello everyone, let's dive into today's gold market update! Yesterday, gold took a sharp dive and is now standing at $2,294 per ounce, down $84.29 from the previous day, with no signs of stopping. This decline was driven by stronger-than-expected U.S. job reports, which crushed hopes for a rate cut this year. Additionally, data showed that China, the world’s top...
Impact of Gold Dropping 1.38% to $2,345/ounce Market Sentiment: A decline in gold prices by 1.38% to $2,345/ounce often reflects negative investor sentiment, which can lead to a sell-off in gold holdings. Strengthening USD: When the USD strengthens, gold tends to decrease in value as it becomes more expensive for foreign investors to purchase. Interest...
Today, BTCUSDT continues to hover around the psychological level of $70,000. Although the price hasn’t yet broken through the resistance zone near this mark, the bullish momentum remains intact. It seems that BTCUSDT might be consolidating to gather strength for a stronger move upward, with support well-placed at $69,000. What do you think? Do you believe BTCUSDT...
Hello everyone! Let's talk about XRPUSDT. Currently, XRPUSDT is trading within a descending channel on the short-term chart. However, there's an optimistic outlook as it appears to be forming a bullish flag pattern. After this period of consolidation, the price is expected to break out of the wedge and target higher resistance levels. I’m betting on the...
Today, the EUR/USD pair is trading around 1.0790 afteDiverging Central Bank -U.S. Federal Reserve (Fed): The Fed is signaling potential interest rate hikes to combat inflation, strengthening the USD. Their aggressive stance makes the dollar more appealing to investors l -European Central Bank (ECB): The ECB is more cautious, focusing on economic stability...
Hello everyone! Let's dive into the interesting movements of gold at the end of this week's trading session! Currently, gold is trading around $2,370, with little change compared to the same time yesterday. However, the upward momentum remains steady at this level. Recent expectations of a rate cut have weakened the USD and lowered US Treasury yields, providing...
Hello everyone! What are your thoughts on XAUUSD? Looking at the 1D chart, it's clear that XAUUSD is currently in an accumulation phase, moving sideways around the $2400 level. However, the upward momentum remains promising as the Bulls are firmly defending the strong support at $2320. Given this scenario, it's likely that in the near future, gold will break...
Yesterday, China's announcement of halting gold purchases for the first time in 18 consecutive months caused significant volatility and upheaval in the market. Today (8/6), gold prices took a sudden nosedive, dropping by 3% to below $2,300/ounce overnight. As of now, there's still no news from the Chinese government. According to Jessica's personal prediction,...
Hello everyone! What do you think the next trend for EUR/USD will be? Currently, EUR/USD is trading close to 1.0900, having risen slightly early Friday. The pair is benefiting from a risk-on market environment, fueled by Thursday's rate cut decision by the ECB. This has increased expectations for a Fed rate cut in September, providing a positive boost for...
Hello everyone! Here are my thoughts on BTCUSD. Currently, Bitcoin is nearing a record high, trading above $71,000. This is a critical and sensitive phase for the cryptocurrency. On the bullish side: BTCUSD is trading well above the 34 and 89 EMAs, indicating a strong positive sentiment among buyers. If BTCUSD breaks through the current resistance, it could...
Hello everyone! Yesterday, international gold prices saw a significant drop, currently trading around $2,320 per ounce, down 1.5%. The primary reason for this decline is China's announcement to halt purchasing gold for its national reserves. China's decision has reduced the demand for gold in the international market, leading to strong selling pressure and a sharp...
USDCAD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell USDCAD Entry Level - 1.3731 Sl - 1.3764 Tp - 1.3676 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
Today, gold prices surged, with the last trade at $2,375.2 per ounce, up $27.8 from yesterday morning. Gold rose midweek, supported by the weakening USD and lower Treasury yields, following the latest data showing a cooling labor market. According to the ADP report, private companies added 152,000 jobs in May, significantly lower than the previous month's figure...
After yesterday's sell-off I started to wonder what would happen if BTC would fall again and how the price action would look like. If BTC were to go down again I'd look for a retest of the 61k-60k area (purple dotted line). This area has proven to offer strong support, and can be a stepping stone for an inverse head & shoulders pattern. Keep in mind that BTC...