Gold prices climbed higher on Tuesday, rebounding from a two-week low of $2,325. This surge in the yellow metal was bolstered by a softer US dollar and a safe-haven flow amidst ongoing geopolitical tensions in the Middle East. In terms of trends, gold still faces short to medium-term downward pressure as it hovers around the $2,360 mark due to confluence...
Hey everyone, what do you think the trend for EURUSD will be – up or down? Currently, EURUSD is maintaining a strong uptrend that has lasted for several weeks, with prices reaching 1.086. The outlook continues to favor the buyers as it touches the 34 and 89 EMA, forming a new support level. Targets are set above the highs of 1.095 and 1.100 in this scenario....
New Insights on Fed Kashkari's Impact on Gold Prices in 2024 According to Fed Kashkari's forecast, the number of interest rate cuts in 2024 will not exceed two. This can affect gold prices in the following ways: 🔴 Gold prices may not rise significantly as interest rates remain higher than some investors expected, reducing the attractiveness of gold compared to...
GBP/USD Movement Analysis The GBP/USD pair is currently moving within an upward channel. Despite the ongoing corrective wave, stability is being maintained. Pay close attention to the upper and lower boundaries of this channel as the price approaches these levels to identify optimal entry points. The US Dollar has seen a late recovery, driven by significantly...
USD/JPY is trading positively, comfortably above the 157.00 level during the Asian session on Tuesday. The pair remains elevated following dovish comments from BoJ official Adachi. The broad strength of the US Dollar also contributes to the pair's upward momentum. From a technical analysis perspective, the pair is advancing rapidly above the two EMAs and has...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 DXY has been overall bullish trading within the rising channel marked in red. Currently, it is undergoing a correction phase, and approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in orange. 🏹 Thus, the highlighted...
Dear Traders, We are convening a discussion focused on #filusdt The Trendline Breakout Has Already Done Retesting has also completed ✅ So,I am Expecting a Bullish Move of 360% 🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance...
After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some...
Go up baby :) GO UP? Go 2360? in the long term, we are still waiting for further descent. but to go down we have to go up to at least 2365! we'll see :)
Dear Traders, We are convening a discussion focused on #VRAUSDT The Channel Pattern is Formed Now it's Ready to Break the Pattern In Case of Successful Breakout, Expecting a Bullish Move of 50%🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining...
Hello everyone, As anticipated, the EUR/USD pair has risen in line with the flag pattern, breaking out of the downward trendline and is now trading above 1.087. A stronger recovery could see EUR/USD revisiting the May high of 1.0894, followed by the March high of 1.0981.
World gold price (XAU/USD) yesterday increased more than 25 USD to a high of 2,358 USD. Although expectations about the Fed cutting interest rates recently have many negative changes, gold has a lot of momentum and one of the measurements is that the world geopolitical situation is becoming more complicated with military conflicts. There is increasing tension...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here are 4 Altcoins that I find interesting from a technical analysis perspective: 1️⃣- KUCOIN:DYDXUSDT DYDX is currently hovering around the lower bound of the rising channel marked in blue. As long as the $1.8 demand holds, I will be looking for trend-following buy...
My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 114.97 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 114.10 My Stop Loss - 115.51 About Used Indicators: By the very...
My dear friends, Please, find my technical outlook for EURNZD below: The instrument tests an important psychological level 1.7657 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7750 Recommended Stop Loss - 1.7597 About Used...
Hello everyone! Let's dive into the gold price movements today! Currently, gold is on a strong recovery path, reaching $2,354, which is about $15 higher than the same time yesterday. This upward momentum is supported by the weakening of the US dollar. The DXY index has dropped nearly 0.1% from 104.747 to around 104.64 points, creating favorable conditions for...
My dear friends, My technical analysis for USDJPY is below: The market is trading on 156.67 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 156.78 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
Hello everyone, it's Brian! Today, gold prices continue their short-term recovery, with the precious metal consistently creating new support levels. The US Dollar is weakening, and regardless of market sentiment, XAU/USD is trading around $2,360. There was a temporary increase in demand for the greenback at the start of the US session following optimistic...