Larissa-Trader

Larissa-Trader Updated  Apr 6, 2024

Not beyond our prediction, EURUSD continues to reverse when it hits the limit of the bearish channel, the price may move outside the channel with today's trading level around 1,083-1,091 and loss of 0.11% on the day. . However, at the end of the day we will receive very important news, Non Farm news may have a downward trend if the USD once again increases in price.

Larissa-Trader Updated  Apr 6, 2024

Today, gold prices experienced a slight dip, establishing a peak above $2,300 before retracting to around $2,273 during the early trading hours yesterday. Looking ahead, with robust economic data and persistent inflationary pressures, the Fed may be compelled to maintain accommodative monetary policies throughout the summer, potentially driving gold prices...

Larissa-Trader Updated  Apr 6, 2024

As mentioned in last week's analysis, the outlook for XAUUSD remains positive following a period of correction and recovery, particularly evidenced by its swift rebound from recent lows and retesting of the all-time high (ATH) at $2308 reached yesterday. It is currently trading at a new high of $2258, having surpassed the $2308 mark, marking a robust $12 increase...

Larissa-Trader Updated  Apr 6, 2024

We're considering a potential sell opportunity for BTC: Sell at 67779 SL: 71622 TP: 60450

Larissa-Trader Updated  Apr 4, 2024

The daily chart closing below the 66k mark suggests further potential downside, with expectations of a test towards 66k followed by a slight decline. On the H4 chart, a downtrend has formed, indicating an opportunity to align with the current trend by waiting for a price sweep IDM before considering opening short positions. During the ongoing downward...

Larissa-Trader Updated  Apr 4, 2024

EURUSD experienced a significant pullback the previous day as the price broke above the 1.0760 level. As can be seen, it closed at the weekly candle low around 1.0729, after touching 1.0715, marking a deep decline. This is not only a signal of a change in market sentiment but also a strong sign of downward pressure on prices. However, I see RSI starting to...

Larissa-Trader Updated  Apr 4, 2024

On the chart, we can see retracement levels as follows: 0.7955 (23.6%), 0.7764 (38.2%), 0.7609 (50.0%), 0.7454 (61.8%), and 0.7263 (76.4%). Now, we expect that if the price of gold declines from its peak, it will encounter support at the mentioned Fibonacci levels because many traders will place buy orders at these levels when the price retraces.

Larissa-Trader Updated  Apr 4, 2024

In the realm of digital finance, Bitcoin stands as an enigmatic force, captivating minds and reshaping economies. Its genesis marked a revolutionary departure from traditional currency systems, heralding the dawn of decentralization. As the world grapples with economic uncertainties, Bitcoin emerges as a beacon of financial sovereignty, transcending borders and...

Larissa-Trader Updated  Apr 3, 2024

During the Golden Day session, Gold experienced a significant upward gap at the opening, driving a strong momentum of over 300 pips towards around 2265. Subsequently, Gold initiated a corrective move from the European to the American session, retracing to test the earlier gap area. Ultimately, the H4 candle found support at this level, followed by a bullish...

Larissa-Trader Updated  Apr 2, 2024

The current high in gold isn't yet confirmed as a major high, necessitating a retracement for confirmation. There's a possibility of a pullback to retest the level around 2195, providing confirmation for a bullish trend before considering buying. If the price fails to respond to this retest level, it may drop to the major H4 level at 2170 before confirming a buy...

Larissa-Trader Updated  Apr 2, 2024

Today, EURUSD continues to trade around the support level of 1.080, with the outlook for this currency pair still leaning towards a downward trend. The overall trend indicates a long-term decline, with prices fluctuating below both the 34 and 89 EMA lines. Furthermore, the modest increase in the US Dollar (USD) has led to a similar modest decrease in EUR/USD. In...

Larissa-Trader Updated  Apr 2, 2024

Bitcoin (BTC) continues to capture the attention of investors worldwide, presenting both opportunities and challenges in the realm of digital assets. As a financial expert, I offer fresh insights into BTC, providing valuable perspectives for navigating this dynamic cryptocurrency. Amidst evolving regulatory landscapes and market trends, BTC displays a complex...

Larissa-Trader Updated  Apr 1, 2024

EURUSD remains in a subdued trading mode, closing Friday's session around the range of 1.07684-1.08035, while sustaining a modest downward or upward trend to 1.08181 before retracing to 1.07637. The pair largely unaffected by US PCE inflation data. Expectations for the upcoming week suggest further downside movement, with the nearest target around 1.076,...

Larissa-Trader Updated  Mar 30, 2024

Trading Idea for Gold/XAUUSD on 26-27.03.2024 Overall, Gold is trending within a long-term upward channel. XAUUSD is likely currently trading in a distribution phase (sideways movement) before starting a new cycle. XAUUSD is currently ranging between $2147 - $2215/oz. Trading Plan: *Plan A: Buy around the range of $2150 - $2170. Cut losses completely at $2145....

Larissa-Trader Updated  Mar 30, 2024

The Euro stands as a symbol of unity and economic integration across Europe, but its journey is one marked by complexities and challenges. As one of the world's major currencies, the Euro holds a significant position in global finance, influencing markets and policies alike. However, understanding its intricacies requires delving into its history, structure, and...

Larissa-Trader Updated  Mar 30, 2024

Bitcoin (BTC), the digital currency phenomenon, continues to captivate the financial world, drawing attention from investors and financial experts alike. As a financial expert, dissecting the intricacies of BTC unveils unique insights into market trends and investment strategies. BTC's ascent to prominence is attributed to its decentralized nature and...

Larissa-Trader Updated  Mar 29, 2024

In the realm of financial assets, one element has endured through the ages, casting its golden glow over economies and investors alike: gold. As a financial analyst, delving into the intricate dynamics of this precious metal unveils a fascinating narrative of wealth preservation, market sentiment, and global economic stability. Gold, often referred to as the...

Larissa-Trader Updated  Mar 29, 2024

In the realm of financial assets, one element stands resolute, casting a luminous glow of allure and stability - gold. Often revered as the ultimate symbol of wealth and prosperity, gold transcends mere monetary value, embodying a legacy entrenched in human history. As a financial analyst, delving into the intricate nuances of this precious metal unveils a...