BTCUSDT: Long-Term Upside Despite Short-Term Dip ?BTCUSDT Holds Steady in a Downtrend – But Long-Term Growth Still in Sight
BTCUSDT is currently trading around 68,045 USDT, continuing its downward trend. However, in the bigger picture, the coin remains within an ascending channel, hinting at the potential for future gains.
From a technical perspective, I’m watching closely for a buying opportunity as the price approaches the lower boundary of this parallel channel.
What about you? Do you see the same potential setup?
S-signal
Gold Prices Continue to Surge, Reaching New HighsHas everyone seen today’s news on gold prices? Gold never ceases to fascinate me – what a fantastic day!
Gold prices today have continued their strong rise, setting a new record. This rally is driven by investor concerns ahead of the upcoming U.S. presidential election. During times of political instability, gold is often viewed as a safe-haven asset, attracting strong capital inflows. Additionally, concerns about the global economic situation are adding to gold’s appeal.
Looking at the technical chart, gold’s price is supported by the 2,749 and 2,715 levels, giving it a double layer of strength and making it easier to break the 2,787 resistance level. The upward trend is further reinforced as the 34 EMA and 89 EMA lines have yet to show any signs of reversal. From these positive indicators, investors can anticipate a continued short-term upward trend. If gold maintains above these support levels, a new peak is certainly within reach.
Do you think gold will keep rising, or will it give us a scare with a reversal? Let me know what you think!
EUR/USD Drops Close to 1.0800Join Alisa for the latest update on the EUR/USD currency pair!
The Euro is under pressure due to expectations from the ECB regarding a potential cut in deposit interest rates. Currently, the market is pricing in nearly a 50% chance of a 50 basis-point rate cut in the December meeting. Additionally, the EUR/USD pair’s weakness is compounded by a strengthening USD amidst the uncertainty surrounding the U.S. presidential election, as the race is nearly tied ahead of November 5th. All these factors paint a rather bleak outlook for the Euro in the near term.
EUR/USD declined after two days of gains, trading around 1.0818 during Asian hours on Wednesday. Looking at the technical chart, the 34 and 89 EMAs have reversed, further reinforcing the downtrend for this pair. With significant resistance at 1.0823, the EUR/USD pair is likely to pull back toward the support level at 1.0813 and may even continue its decline to the previous support at 1.0797.
The current situation indicates that the Euro may continue to face challenges, and investors should closely monitor upcoming developments to make informed decisions in this context.
Gold Price on October 30, 2024: Reaching a New RecordAs I predicted yesterday, gold prices have reversed and surged sharply. This increase is driven by concerns surrounding the U.S. election, tensions in the Middle East, and expectations that the Federal Reserve (Fed) will cut interest rates in November. All these factors have propelled gold to an all-time high. Furthermore, the intensifying competition between Donald Trump and Kamala Harris ahead of the November 5 election has also contributed to this upward momentum.
Examining the technical chart, gold is trading around 2,778, up by 0.1%. In an upward price channel, gold is gaining momentum, moving towards new targets. If this trend continues, gold may conquer the next resistance levels, with the 2,800 mark within sight. Technical indicators like the RSI and MACD are also showing strong buy signals, further strengthening the positive outlook for this precious metal.
Does anyone else share my prediction? If you have more solid insights, feel free to comment and let me know!
The Japanese Yen Weakens Below 153.00 Against the USDHere’s a hot update on the USD/JPY pair from Alisa, everyone! The situation is getting intense.
The Japanese Yen is facing increasing complexity as it encounters multiple opposing pressures. With the DPP leader’s opposition to rate hikes, optimistic market sentiment, strong USD buying pressure, and concerns over potential intervention by the Japanese government, a chaotic picture is emerging for the USD/JPY pair. Investors are cautiously awaiting the Bank of Japan’s decision and upcoming U.S. economic data to make their next move.
The USD/JPY pair is trading around 153.26, indicating strong short-term fluctuations. The 1-hour technical chart signals a downward trend, with support at 152.831 and resistance at 153.278 being key focus points. Although the pair attempted to break through the resistance level, selling pressure quickly pushed the price back down. Without any new supportive factors, it’s likely that the pair may break through the support level, opening the door for a deeper decline.
Will the USD/JPY continue to drop, or are we in for a surprising rebound? What do you all think?
Gold Pauses Amid Pressure, but the Future Remains BrightThe record-breaking rally in gold has come to a halt as the USD strengthens and U.S. Treasury yields reach their highest level in three months. Meanwhile, investors are awaiting key U.S. economic data to gauge the Fed’s next move, which is also pressuring gold prices. However, Alisa predicts that if the market expects continued rate cuts, investment demand for gold will rise further, pushing prices up.
The technical chart shows two strong support levels at 2,732 and 2,747, which could serve as a robust base for gold to gradually return to an uptrend. Although gold is currently experiencing a slight decline, this is likely temporary as investors await new signals.
The forecast suggests that if gold can regain upward momentum, it could reach $2,900 per ounce within the next 12 months.
The new week has brought a "shocking" piece of news for goldThe US dollar’s strong appreciation in the international currency basket has placed significant pressure on gold prices. Moreover, a series of positive US economic data released at the beginning of the week has prompted investors to take profits, driving gold prices down sharply. Additionally, the sharp rise in US government bond yields has further reduced gold’s appeal today.
Currently, gold is trading around $2,741 per ounce, down 0.2% from the previous session. On the technical chart, gold is forming a downward price pattern and facing selling pressure at the $2,747 per ounce resistance level. In the short term, there is a high probability that gold prices will continue to adjust downward if no new supportive factors arise. However, with fundamental factors supporting a long-term increase in gold prices, there remains a realistic possibility that gold could break through current resistance and resume its upward trend.
Investors should closely monitor both technical and fundamental signals to make well-informed trading decisions.
EUR/USD: Pausing at ResistanceHas everyone updated themselves on the EUR/USD pair? Let’s predict where it might go today!
The EUR/USD pair is moving sideways in the Asian session, despite a slight rise yesterday. While the USD has softened a bit due to declining interest rates and stable stock markets, concerns about the U.S. economy and geopolitical risks continue to support the greenback. Additionally, weak eurozone PMI data and the ECB's potential policy easing add pressure on the euro.
On the 4-hour technical chart, the EUR/USD pair is in a downtrend. Resistance at 1.082 has become a barrier, limiting the pair's chances of a recovery. We should also watch two support levels: 1.080 and 1.077. If the pair breaks below the 1.080 support level, a further decline becomes highly likely.
What are everyone’s thoughts on this pair? Let me know!
Japanese Yen Slightly Rebounds, Is USD/JPY Really Reversing?Are you ready for the latest hot updates on the USD/JPY pair? Let’s dive deep into the analysis with Alisa!
The Japanese Yen has slightly recovered after Japanese officials intervened, pushing the USD/JPY pair below 152.00. However, the Fed’s interest rate hike prospects and political uncertainty in Japan are limiting the Yen’s upward momentum. Investors are closely watching the PMI data to assess the global economic outlook.
Looking at the technical chart, the upward trend is still ongoing. Although the USD/JPY pair is currently slightly declining, it won’t be long before the uptrend resumes. With support from the ascending price channel and the 151.00 level, the pair's upward momentum will be reinforced.
So, what do you think? Will the USD/JPY pair continue to decline, or will it reverse and rise? Let Alisa know!
Economic Recession Weighs on EUR/USDHello everyone, Alisa is back! Today, let’s analyze the EUR/USD currency pair.
EUR/USD has fallen below 1.0800 due to concerns over an economic recession in the Eurozone and the ECB's continued rate cuts. Inflation decreasing faster than expected has driven these decisions, reducing the Euro’s appeal.
On the 4-hour chart, EUR/USD is showing a clear downtrend. The 1.080 resistance level has become a significant barrier, repeatedly pushing the price back. Even with recovery attempts, the pair is quickly pulled down by the previous support level, which has now turned into a new resistance.
Investors should exercise caution with the EUR/USD pair during this period. The ECB's rate cuts and the gloomy economic outlook for the Eurozone may trigger unexpected volatility in the market.
Gold Surges Strongly, Conquering Unprecedented HeightsHello everyone. How is gold performing today? Let's discuss!
Geopolitical tensions, especially the upcoming U.S. Presidential election, are driving the demand for safe-haven assets like gold higher. The global gold price has reached a new record and may continue to rise if the situation in the Middle East remains tense. Additionally, global monetary easing policies are also supporting gold prices.
Gold is currently stable around $2,752, with the EMA 34 and EMA 89 acting as reliable support levels. After being supported at the critical $2,720 level, gold gained momentum but paused to accumulate at the resistance zone of $2,739. However, with its strong uptrend, gold is expected to surpass this resistance and aim for the next target of $2,770.
With the current strong supporting factors, gold has a very bright outlook. However, investors should closely monitor market developments and be ready to adjust their portfolios to cope with potential risks.
EUR/USD Weakens: The U.S. Dollar Rises, ECB CautiousHello everyone, Alisa here! What’s the trend for the EUR/USD pair? Let’s discuss together!
EUR/USD continues to slide, reaching its lowest level in 11 weeks, trading around the support level of 1.0828. The selling pressure has increased due to expectations that the European Central Bank (ECB) will further ease monetary policy, potentially cutting interest rates once again in December. Meanwhile, the strengthening U.S. dollar is also putting pressure on the pair.
Looking at the technical chart, a bearish trend is currently unfolding for EUR/USD. Despite the 1.081 support level providing some momentum, with the current factors, any upward movement is unlikely to be sustained, and the pair is expected to face resistance at the key 1.085 level and then continue to decline. Traders should be cautious with long positions and consider opening short positions when there is confirmation of a break below the 1.081 support level. Profit targets could be set around the 1.075 - 1.070 zone.
That’s my take. What do you think?
Gold Rises Despite the Increasing USD and Bond YieldsToday, Alisa brings you more updates on gold prices. Let’s discuss together!
Gold prices continue to be supported by a series of geopolitical instabilities in the Middle East, especially the escalating tensions in areas such as Israel and Palestine. In addition, expectations of monetary easing policies from the U.S. Federal Reserve (Fed) at the early November meeting are also a significant driving factor. Despite the rising USD and bond yields, the price of the precious metal has risen sharply.
According to the technical chart at 1:00 AM, gold is fluctuating at 2,738, up by 0.6%. With solid support at 2,716 USD and decreasing selling pressure around the 2,737 USD resistance zone, the precious metal is showing positive signs. If gold successfully breaks through the current resistance level, there is a high possibility of forming a new upward trend and establishing a new peak.
With the current complex developments in the gold market, what are your thoughts on the outlook for this precious metal? Feel free to share your opinions!
USD/JPY is about to break through the 150.00 levelHello everyone, today let's update the USD/JPY pair with Alisa!
USD/JPY is on the path to breaking through the 150 psychological level. Uncertainty surrounding the BoJ's policy and overall market optimism are supporting the USD. Although there have been comments about intervention by the Japanese government, geopolitical tensions and upcoming events may limit the JPY's downside.
From a technical perspective, this pair is trading in a positive zone. However, if it fails to break through the resistance level of 149.58, USD/JPY may potentially decline towards the support level of 149.19. Conversely, if 149.19 can act as a springboard and help the pair break the resistance at 149.75, it could pave the way for the pair to target 150 and beyond.
Investors should closely monitor BoJ policy news and geopolitical events to make informed investment decisions.
ETHUSDT: What should be traded and note?The ETH/USDT chart suggests a possible bearish move:
Resistance: Around $2,462, price may test this level but face rejection.
Support: The support zone is at $2,420, where the price could potentially fall.
Trading Plan: Short near $2,462 if rejection occurs, targeting the $2,420 support. Place a stop loss above $2,500 for safety.
This is a straightforward approach based on current chart patterns and key levels.
BTCUSDT Eyes Resistance at 70K: Short-Term Pullback ExpectedThis chart is of the BTCUSDT (Bitcoin/Tether) pair on the 1D (daily) time frame, showing that Bitcoin is in a strong uptrend within an ascending price channel.
Brief Analysis:
Uptrend in price channel: Bitcoin is currently trading within an ascending price channel with higher highs and higher lows. The price remains above the lower trendline of this channel.
Resistance around 70,000 USDT: A strong resistance zone near 70,000 USDT could challenge further price increases. It is likely that the price will face selling pressure at this level.
Correction scenario: The chart suggests a possible short-term correction after reaching the resistance zone, potentially dropping to the 66,000 - 67,000 USDT area before resuming the uptrend.
Moving Averages (MA): The moving averages show a positive signal, as the price has crossed above them, adding momentum to the bullish trend. This supports the longer-term upward movement.
Strong support: The key support level for this uptrend is in the 63,000 - 64,000 USDT range, where the moving averages converge.
Overall, the uptrend remains intact within the channel, but a short-term pullback is possible before breaking through the major resistance levels for further gains.
USD/JPY: Bullish Momentum Remains StrongHello everyone! Today, let’s analyze the USD/JPY currency pair together!
Market sentiment has shifted negatively toward the Japanese Yen, causing the currency to weaken against the US Dollar. Japan’s weak export data has raised concerns about the country’s economic outlook, while internal government disagreements over monetary policy have only added to the uncertainty. In contrast, the US Dollar remains favored due to expectations that the Fed will maintain its tight monetary policy, attracting investment flows and pushing USD/JPY higher.
Looking at the technical chart, the 34 and 89 EMAs are steadily trending upwards, with no signs of a reversal. The support level at 149.368 is serving as a springboard for further upward momentum in this pair. When the price encounters resistance at 149.766, it may test this level, and if an opportunity arises, it could break through and aim for a higher target.
In my opinion, USD/JPY is likely to continue its upward trend in the short term. However, investors should be cautious about the risk of a correction as the RSI is currently in the overbought zone. What do you all think about this pair?
Gold Price Climbs Near the PeakHello everyone! What movements has gold shown today? Let's analyze together!
Tensions in the Middle East continue to be the main driver pushing gold prices higher. The ongoing attacks between Israel and Hezbollah have raised concerns about a larger-scale conflict, prompting investors to turn to gold as a safe-haven asset. While U.S. economic data has been relatively quiet this week, upcoming key reports could significantly impact market sentiment and gold prices in the next trading sessions.
The XAUUSD chart is currently trading around $2,681, indicating that a short-term uptrend is still being maintained, according to Alisa’s analysis. The strong support zone at $2,645 has stabilized gold prices. If gold can break above and close above the resistance level of $2,680, there is a high likelihood of further gains towards higher levels. On the other hand, if it fails to stay above this resistance, gold may retrace to retest the previous support zone.
These are Alisa’s thoughts on gold price movements today. How does everyone feel about this?
Gold Surges Amid North-South Korea TensionsIs everyone ready to explore the latest developments in the gold market? Let’s dive in with Alisa!
The global gold price has experienced a highly volatile trading session. Rising geopolitical tensions between North and South Korea have swiftly reversed the situation, pushing gold prices back up. The event of Pyongyang accusing Seoul of airspace violations has heightened concerns about a potential conflict, prompting investors to seek gold as a safe-haven asset.
Gold is currently trading around $2,666 per ounce, moving upward in a rising price channel. While short-term fluctuations are possible, with strong support at $2,660, gold is forecasted to maintain its upward momentum and aim for the $2,680 target in the near future.
With the current complexities of the market, investing in gold could present attractive profit opportunities. However, careful consideration and a clear investment plan are essential before making any decisions.
Gold loses momentum: Will it drop further?Hello everyone. Today, let’s join Alisa in predicting gold prices!
Gold prices have plunged under pressure from several unfavorable factors. The strengthening U.S. dollar has made gold less attractive compared to other assets, prompting investors to exit the gold market. At the same time, the strong recovery of the U.S. stock market, with significant gains in major indices such as the Dow Jones, Nasdaq, and S&P 500, has attracted investment flows, adding further pressure on gold prices.
Gold is facing downward pressure at the $2,650 per ounce level on the 4-hour chart, dropping $15 per ounce compared to the previous session's peak. The strong resistance level at $2,660 per ounce is limiting the rise of this precious metal. If it fails to break through this resistance, gold prices may reverse and retest the support area around $2,607 per ounce.
What about you? Do you think gold will go up or down?
Gold Price: Will It Continue to Soar or Plateau?Hello everyone, it's Alisa here. Today, let's analyze the gold price together! Will it rise or fall?
The gold market has experienced a highly volatile week with unpredictable developments. Pressure from geopolitical tensions and U.S. economic data caused gold prices to fluctuate. However, a wave of hope regarding the Fed adjusting its monetary policy helped gold recover strongly by the end of the week. The upward momentum has continued into the start of this week and is expected to maintain its stability in the new week.
Looking at the technical chart, gold is hovering around the 2,664 level. The price of this metal remains in an uptrend. With support at 2,645, gold is expected to be supported and rise, breaking through the key resistance level of 2,663 and aiming for a new target.
This is my thought, what about you? What do you think?
EUR/USD: Will the ECB's Decision Determine the Future?Hello everyone! A new week is starting. Today, let’s join Alisa in predicting the EUR/USD currency pair.
The EUR/USD pair continues to face downward pressure amid escalating geopolitical tensions in the Middle East. Fears of a large-scale conflict in the region have increased demand for the USD, while reducing the appeal of risk assets like the Euro. The ECB’s upcoming policy decision on Thursday also adds to the selling pressure on this currency pair.
Looking at the 1-hour technical chart, the pair is fluctuating around the 1.0918 level, in a downtrend. With resistance at 1.0943 acting as a barrier, the EUR/USD pair is unlikely to break upward in the short term. If the pair breaks the 1.0920 support level, selling pressure could intensify, pushing the price to lower levels.
What are your thoughts on the EUR/USD pair today?
Gold Prices Surge: A Boost from U.S. InflationHello everyone. Today is Saturday. Let’s join me in predicting today’s gold prices!
Gold prices continue to rise and are currently hovering at $2,657. This marks the second consecutive session of gains, pushing the total increase of the precious metal to $50 in just two days. The main driving force behind this rise comes from the latest U.S. inflation data, strengthening expectations that the Federal Reserve (Fed) will lower interest rates in the near future. Additionally, geopolitical tensions in the Middle East have also contributed to the increased demand for gold as a safe haven.
Observing the technical chart, the gold price is drawing a very positive picture. With strong support at $2,638, the precious metal is showing a robust uptrend. If gold successfully breaks through the resistance level of $2,660, we can fully expect a powerful new price rally, opening up attractive opportunities for investors.
This is my analysis. What about you? Do you agree with me?