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EURUSD: buy or sell?Hello dear friends, are you curious about the trend of EURUSD? Today, EURUSD continues to fluctuate below the resistance level of 1.0900 and still maintains its short-term upward momentum on the 1H chart. However, when looking at the overall trend, this currency pair is still moving sideways within the price range below the resistance level of 1.090 and the support level of 1.084. The USD index (DXY) is still maintaining its upward trend and is further supported by comments from R. Bostic (Atlanta), which continue to put pressure on the EURUSD pair. Another evidence for this downward price movement is that it continues to trade below the exponential moving averages (EMA) 34 and 89. Karina still highly regards the Sell strategy today with the idea of trading the double top pattern displayed on the analysis chart.
Short
by RKarina
Xauusd: trade in the direction of the trendHello dear friends! On the last day of this week's trading session, gold experienced a gentle recovery with prices fluctuating around $2030, marking a 0.33% increase for the day. However, it also faced immediate resistance at this level, along with the activity zone of the 34th and 89th EMA. The price may retreat to $2010 if there is end-of-day news supporting the USD. Conversely, if the price successfully surpasses that resistance level, it will open up strong buying opportunities with a target of $2055.
OANDA:XAUUSDShort
by RKarina
BTCUSDTHello dear friends! Yesterday, BTCUSDT continued its downward trend, with the price dropping to $41,284 and approaching the strong support level of $40,500. This is a significant price level that has helped BTCUSDT rebound multiple times. If the price continues to decline further and breaks through this support zone, it will quickly drop to $37,700. The overall trend of BTCUSDT is still uncertain, so be cautious when trading by setting your take profit (TP) and stop loss (SL) levels accordingly!
Short
by RKarina
1
usdjpyHello everyone! Today, USDJPY continues to maintain a significant recovery momentum, as this currency pair has successfully broken through the resistance level at 148.10 and is approaching the new resistance level at 149.635, with the ultimate target of reclaiming the near 152.00 peak. However, this is still a challenging process as it heavily depends on and is influenced by market news. It is necessary to closely monitor more news in the new week to better grasp the trend. RKarina has set a higher target as analyzed, but what about you? Do you think USDJPY will be strong enough to regain the 152.00 peak?
Long
by RKarina
Gold breakout discount strategyDear friends! Currently, gold is trading with a stable recovery above the support level of $2030. At the time of writing, the price is trading at $2047, indicating a significant increase in price at the current time. On the analysis chart: Gold has broken the support level of $2059 and started a downward trend. Therefore, the stronger US dollar and higher US bond yields are putting pressure on the yellow metal. Regarding the outlook: Gold is currently experiencing a slight recovery towards the previously broken resistance area. However, with the market still in a downward price control, any breakout action could quickly push gold down to the defensive level of $2020
OANDA:XAUUSDShort
by RKarina
1
How does gold change momentum?Hello dear traders! On Wednesday, Gold experienced a sharp decline, reaching the psychological support level of $2000. However, it quickly corrected and has been lingering around $2022, close to the Fibonacci retracement levels of 0.5-0.618. This indicates that the prospects for this precious metal remain high. However, if it manages to surpass this retracement level and break through the temporary resistance at $2033, it could open up more opportunities for gold to recover even stronger, fueled by the tensions. Escalating political conflicts will pose high risks globally. Economies will continue to face inflationary pressures due to supply shortages. This will hinder global economic recovery, leading to an increased demand for gold as a safe haven and a hedge against risks. The forecast suggests a significant rise in gold prices as tensions persist.
OANDA:XAUUSD
by RKarina
EURUSD: Price increasing but ambiguousIt's great to see you again and talk about the EURUSD price today! Yesterday, the EURUSD received some upward momentum. However, this price increase is considered only as a correction within the downtrend wave of DOW, as this pair has been experiencing weakness since the beginning of the new week. Accordingly, the hawkish stance of the ECB has pushed back expectations of an early interest rate cut, providing additional support for the currency pair. However, the 4-hour chart is currently showing a further downward trend in the very near future as the EURUSD approaches the Fibonacci retracement levels of 0.618 - 0.5. Breaking below the level of 1.0844 will not receive significant support until reaching the level of 1.0773.
by RKarina
Gold: continues to weakenHello dear friends! Gold prices continued to decline today, with a drop of $25, bringing it down to $2,001 per ounce. However, the market quickly rebounded to $2,010 at the time of writing. As a result, gold prices have reached their lowest point in over a month during this week's trading session. Strong economic data has reinforced the strength of the US dollar and bond yields, dampening market expectations of a rate cut by the US in March. Closing below $2,015 per ounce indicates that the sideways range has been broken, and this precious metal is entering a bearish territory. It is expected to reach $2,000 once again and could potentially drop even further to $1,990.
OANDA:XAUUSDShort
by RKarina
18 Jan ’24 — FIIs sold 20000 CR in 2 days, Nifty50 in trouble?Nifty Weekly Analysis Between the last expiry and today, Nifty has only fallen 191pts ~ 0.88%. This does not seem to showcase what really happened during this week. We hit a new lifetime high of 22124 and then fell 839pts ~ 3.8% in 2 days. Something that we rarely see with Nifty. 16mts chart Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “Yesterday Nifty was at the top end of the ascending channel and today it closed right at the bottom end. From 26th Oct 2023, Nifty has always respected the bottom part of the ascending channel. The next support comes up at 21491 and falling below that would also mean we are breaking the channel.” 4mts chart The gap down ensured we broke the support at 21491. Further price action suggested that we may have some deep cuts today, but strangely Nifty reversed right at 10.00 at 21285 level. Not sure whether it was DIP buying, but we went past the resistance zone of 21491 by 11.59. Nifty did not have enough strength to get back into the ascending channel - but it managed to close near the SR level showing some respite. FIIs sold over 20000 crores of equity over the last 2 days. When was the last time we had this high volume of selling? 20-25k crore is the approx. volume of transactions they do for a whole month - we got that in 2 days. What do they know that we retail traders don't? 63mts chart Today’s price action has confirmed that the channel is broken, but not the support/resistance of 21491. If Nifty trades above 21491 in the morning session - the bears may really feel abandoned. Ideally, the next stop should be 21041 - that was where Nifty bounced off from the trendline on 21st Dec 2023. Our stance continues to be bearish until proven wrong.
NSE:NIFTYShort
by viswaram
GBPUSD: recovering againIt's great to see you again and talk about GBPUSD trading today! Currently, GBP/USD has attracted some buying pressure for the second consecutive day at the start of Thursday and seems to continue its good recovery from below 1.2600 or even higher than the day's low. The price is currently trading just below the 1.2680 level and is still well supported by the 1.260 support level, with speculation on the Bank of England (BoE) cutting interest rates early. RKarina expects this pair to return to the 1.278 and then 1.281 highs, what about you?
Long
by RKarina
The price of gold continues to plunge headlong into a deep holeToday, gold prices traded near the support level of $2000 in the afternoon in the US, as investors continued to bet on the Federal Reserve cutting interest rates in March. The CME tool shows a 52% probability of this event happening, down from around 70% a few weeks ago. In response to this news, the USD continued to strengthen and acted as a psychological arrow for investors, prompting them to sell gold massively, resulting in a sudden drop in gold prices. On the analysis chart: Gold has surpassed the USD 2015 support level as we expected. With the current difficult situation, there is still a significant possibility of a decrease in gold prices. The target of $1982 is still on the table in the short term, with a short-term recovery possibly aiming for the Fibonacci 0.618 level before the bearish side takes action!
OANDA:XAUUSDShort
by RKarina
EURUSD: buy or sellWhat are your thoughts on EURUSD as the market experiences a significant week with many enticing fluctuations? Today, we witnessed EURUSD succumbing to the downward trend, aligning with our prediction from yesterday. This currency pair is under pressure as the USD begins to regain strength, heavily impacting these major currencies. On the analysis chart, EURUSD has surpassed the Trend Line and dropped below the psychological support level of 1.090. The 4-hour chart indicates that this downward trend may continue soon. By violating the level of 1.0861, we may not encounter any significant support until reaching 1.078
Short
by RKarina
XAUUSDHello smart and wealthy traders! Today, gold continues its downward trend, currently fluctuating around the $2023 mark. This represents a $5 decrease for the day and over $30 decrease since the beginning of the week. This decline is mainly attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling of gold to secure profits. Looking at the technical analysis chart, gold appears to be forming a "cup and handle" pattern, supported by bearish signals from the 34 EMA line. If gold surpasses the critical support level at $2015, we may see a more significant decline, targeting the buyers' defense zone around $1980.
OANDA:XAUUSDShort
by RKarina
USDJPY: Continuous price increaseUSDJPY continues to maintain stability within the previous price range. It remains stable between 147.36 and 147.34. In this regard, this currency pair is once again supported by the recovery of the USD. USDJPY has witnessed significant buying pressure as investors reconsider their bets in support of the Federal Reserve's interest rate cut decision in March. Furthermore, the weakening of the Japanese Yen for the third consecutive day, amid expectations of a more accommodative stance from the Bank of Japan, is also a factor driving this currency pair higher. Currently, from the chart, USDJPY has successfully surpassed the resistance level of 146.200. The prospects for further price increases are still supported at the moment, with respective targets of 148.12 and 149.73
Long
by RKarina
BTCUSDT: Increase or decrease in priceToday, after a sharp decline in BTCUSDT prices over the previous weekend, it has entered a period of consolidation with little price movement in the first two days of this week. The price is currently trading around $42,800 and mostly sideways, with a resistance level at $43,430 and a support level at $42,100. The EMA 34 and 89 signals continue to reinforce the bearish momentum of the cryptocurrency market. Breaking the current support levels, namely $42,083 and confirming a breakout below the next support level at $41,506, will significantly push the price down to around $39,000. Wishing you successful trades
Short
by RKarina
How has the price of gold changed today?Dear friends, currently the price is still in a downward trend, with prices sometimes dropping to $2020 after the market correction. However, gold has quickly rebounded slightly and is trading around $2028 at the moment. Meanwhile, financial investors are focusing their capital on stocks. As a result, there is very little money flowing into precious metals. It is understandable that the decline in gold prices today has not stopped. Market participants are betting that the Federal Reserve (Fed) may start cutting interest rates after March. Indeed, reducing inflationary pressures will confirm that idea, despite the latest data showing a tightening labor market. The CPI index may affect sentiment, and as a result, the US dollar will trade accordingly. From a technical analysis perspective, the Relative Strength Index (RSI) is gaining strength and rising above 50.00, supporting another segment towards the psychological resistance level of $2050. However, this downward trend has not yet stopped, so any breakthrough below the support level of $2016 will push prices down significantly. Support levels: $2016.60, $1998.65, $1987.20 Resistance levels: $2040.30, $2052.30, $2065.45
OANDA:XAUUSDShort
by RKarina
Gold suddenly turned down in priceToday, we witnessed a change in the price of gold, dropping from $2,054 to $2,028 per ounce on Wednesday morning. This seems to be partially due to comments from officials at the Federal Reserve (Fed), indicating that it will take a while for the United States to reach its 2% inflation target. Meanwhile, the Fed is not rushing to cut interest rates and will only consider doing so when inflation significantly decreases. This has sparked speculation that the Fed will maintain the current interest rates after the meeting concludes on January 31. Following this information, the US Dollar Index has risen to 103.35 points. The strengthening of the USD is putting downward pressure on gold prices, potentially pushing them towards the support level of around $2,015. What are your thoughts on the future trajectory of gold prices?
OANDA:XAUUSDShort
by RKarina
XAUUSD: bullish optimism? The price of gold is trading quite flat, decreasing by nearly 5 USD and hovering around the 2050 USD mark. The market seems to be in a lull after the holiday break for banks. Further price declines could be seen at the triangle support level of 2,049 USD. Additionally, the support level of 2,027 USD on Friday could provide temporary relief for gold buyers. On the upside, a strong resistance level is observed at around 2,060 USD, above which a static resistance level at 2,080 USD will come into play. If the upward momentum gains strength, it cannot be ruled out that there may be a retest of the barrier at 2,100 USD.
OANDA:XAUUSDLong
by RKarina
EURUSD: Buy or sell?Hello everyone, what are your thoughts on EURUSD today? Currently, EURUSD is still in a downtrend after forming a double top pattern and starting to decline further with a reversal signal from the EMA 34. Market risk concerns have pulled down risk assets like the Euro in the context of escalating tensions in the Red Sea. Our priority target is to SELL because the main trend is still bearish and trading with the trend is always an effective and safe trading approach
Short
by RKarina
2
Gold price is stableCurrently, the price of gold is fluctuating around $2050 and has decreased by nearly $8 compared to the previous trading day. Overall, at the beginning of the week, gold did not experience significant changes in trend due to the closure of the US market for the Martin Luther King Jr. holiday. However, escalating geopolitical tensions in the Red Sea and a risk-averse environment still benefit safe-haven assets like gold. Retail sales figures for December will be released on Thursday, along with preliminary estimates for the University of Michigan Consumer Sentiment Index for January on Friday. The focus will continue to be on inflation, as Canada, the UK, Germany, and the Eurozone will publish updates, which will directly impact the price of gold whether it experiences a breakthrough increase or decrease
OANDA:XAUUSDLong
by RKarina
2
GBPUSD: Facing obstacles on the road to recoveryDear friends! Today, GBPUSD is facing some weaknesses in its recovery process. As a result, GBP/USD has dropped to around 1.2680 in the Asian trading session early in the day. The British Pound has lost ground against the US Dollar due to risk aversion sentiment, possibly driven by concerns over political risks dominating market participants' psychology, which acts as a psychological arrow prompting investors to sell GBPUSD and causing this pair to decline. From the 4-hour chart, we can observe that this currency pair has also broken out of the upward trend line, indicating that the price may continue to weaken. What are your thoughts on the GBPUSD trend?
Short
by RKarina
BTCUSDT: suddenly turned down in priceLet's take a fresh look at BTCUSDT today. After a sudden drop last weekend, from a high of $48,900, BTCUSDT has slipped down to $42,666. Technical analysis suggests that the bearish side is now taking control, with BTC dropping nearly $6,000 in a short period of time. The 4-hour chart and EMA 34 indicate a continued downward trend. Given the current scenario, a selling strategy with a short-term target of $40,700 is being considered. What about you? What are your predictions and strategies for the next moves of BTCUSDT?
Short
by RKarina
GBPUSD: directly facing the resistance level of 1.2800Dear friends, Overall, GBPUSD had a successful week as the price continued to rise without any significant breakthroughs. The currency pair remained supported as the USD struggled to recover. In terms of long-term trends, this currency pair is currently facing resistance at 1.2800. However, the upward trend is still supported by positive signals from the 34 and 89 EMA lines. On the other hand, the RSI indicates that buyers are no longer eager to break through this resistance level. Therefore, our upcoming target is to sell when the price breaks the trendline.
by RKarina