In the upcoming period, it is anticipated that the GBPUSD currency pair will experience a sequence of volatility. Initially, we may observe a minor downtrend then testing of resistance level above. However, the possibility of another significant downturn should not be ruled out, based on technical and fundamental factors influencing the market.
#LTC/USDT #Analysis Description --------------------------------------------------------------- + The LTC price has decisively broken out from the resistance line and is now heading towards the next resistance level. + In the previous bull run, we observed a similar pattern that resulted in substantial profits for traders. + I anticipate a comparable pattern...
#1000SATS/USDT #Analysis Description --------------------------------------------------------------- + The price has reached the resistance line for the fifth time, and there are indications that it may finally break out. + I perceive a promising opportunity for a LONG trade should the price successfully breach this resistance line. + Let's exercise patience and...
Hello,Traders! EUR-NZD is trading in an Uptrend along the rising Support line so after the Retest of the support we Will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Analyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week, I would consider purchasing the 4usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $0.88. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven`t bought ASTS before the previous earnings: Then analyzing the options chain and the chart patterns of ASTS AST SpaceMobile prior to the earnings report this week, I would consider purchasing the 2.5usd strike price Calls with an expiration date of 2024-4-12, for a premium of approximately $0.50. If these options prove to be profitable prior to the...
Take a look at our analysis for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.079. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.084 level. P.S Please, note that an oversold/overbought...
During the past trading week, the USDJPY currency pair closed at 151.342. This signifies that within the market context, the Japanese Yen has maintained its strength against the US Dollar. Based on these developments, the forecast for the upcoming week is for the downward trend to persist. From a technical standpoint, charts and technical indicators have...
Hello,Traders! EUR-CAD has already Made a bullish rebound From the support cluster Of the rising and horizontal Support lines at 1.4584 So I think that the pair Will go higher up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.08500 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08500 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.34900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34900 support area. Trade safe, Joe.
Based on the daily timeframe analysis, we observe that the price of Euro is currently below both the EMA 34 and EMA 89 lines. Particularly, the EMA 34 is trending downwards and shows signs of crossing below the EMA 89 in the near future. This indicates a potential downtrend for the Euro towards the support level at 1.0709. Investors and traders may need to pay...
In the serene atmosphere of the Easter holiday, the price of gold is currently holding at an all-time high of $2,236 USD. Most major markets around the world remain closed, despite the US releasing its core PCE inflation figures, a preferred inflation gauge of the Federal Reserve. Investors are expressing confidence in gold as they anticipate the Federal Reserve...
Based on technical analysis, following the price increase on Monday, the price has continued to maintain stability within the range of 68.480 - 71.740. Technical indicators suggest that prices will still continue rising in the near future, with the potential to break through the nearest resistance level at 71.786. This indicates the strength of buying pressure...
Hello traders! As this week's trading session draws to a close, EURUSD faces a downtrend, currently sitting at 1.0775. The pair's further decline seems inevitable after breezing past the formidable 1.0800 support level. The downtrend takes the front seat as the US Dollar revels in the hawkish remarks from the Federal Reserve, with Governor Chris Waller indicating...
Hello, everyone! Today, GBPUSD remains fairly static, hovering around 1.262, with the direction for the day still in limbo as the pair continues its sideways movement. Looking at the broader picture, a downward trend seems to maintain its dominance, with prices constrained below the EMA 34 and 89 indicators. The reversal of EMA 34 signals a promising opportunity...
USDJPY experienced minimal fluctuations up until the end of the week, with prices steadfastly hovering around the lofty 151,300 mark. Technical prospects for this pair lean towards an upward trend, as indicated by positive signals from the EMA lines. Nonetheless, a preliminary adjustment is anticipated, targeting the 0.5 - 0.618 zone of the Fibonacci retracement,...
GBP/USD is under relentless selling pressure, dipping just below the 1.2600 mark during Thursday's European trading session. The resurgent dominance of the US Dollar (USD) has exerted a formidable force on GBP/USD throughout the latter part of the week. It is expected that the price will drop sharply if it breaks the support zone of 1.2590.