Hello everyone, it's me, Alisa again. Will the EUR/USD pair rise or fall today? Let's make a guess together!
The strengthening USD has put pressure on major currency pairs during this morning's trading session. The market is currently in a wait-and-see mode, anticipating U.S. employment data to make the next trading decisions. This report is expected to provide...
The GBP/USD pair is currently showing signs of reversal after forming a round top. The strong rally has now turned into a descending curve, with the price testing the key support at 1.31500. The price’s penetration below the 34 EMA and approaching the 89 EMA suggests that the downtrend could continue.
I predict that if this support fails to hold, GBP/USD could...
The EUR/USD chart shows a double top formation, a clear signal that the downtrend could continue.
Currently, the price is hovering around $1.10285, a critical support level. If it fails to hold, the downtrend will likely persist, potentially driving the price lower towards the next support levels at $1.09062.
Notably, the two take-profit points (TP1 and TP2) on...
On the EUR/USD chart, I predict a double top pattern will form. The first peak appeared in late September and the second peak is currently being established. The similarity between the two peaks, along with their nearly equal heights, is a sign of potential weakness in buying pressure.
The “neck” of the pattern, or key support, is located at 1.08776, which is the...
Hello everyone! How are you today? Let's join Alisa in analyzing the gold price!
Although gold is showing signs of cooling down as some Federal Reserve (FED) leaders unexpectedly announced that bringing inflation back to the 2% target might take longer than expected, the safe-haven demand for the precious metal, amid escalating tensions in the Middle East,...
USD/JPY is currently in a tense situation with prices hovering around $146.500. The strong resistance at $146.946 is putting significant pressure on buyers, and if they fail to break through, a sharp correction could push the price back to the support zone at $141.712.
The EMA 34 ($144.652) and EMA 89 ($143.920) are currently providing support, but selling...
On the 4-hour chart of gold, I am predicting a “Cup and Handle” pattern forming, with a strong breakout potential. This pattern is often a sign of further upside, especially when it is confirmed by a breakout above the resistance line.
Recent news suggests that geopolitical instability could be a major factor pushing gold prices higher. For example, escalating...
Based on the BTCUSDT chart you provided, here’s a concise trading strategy:
Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity.
Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider...
Bitcoin is trading at 64,454 USDT, facing resistance at 65,461 USDT and showing potential for a bearish move. If it breaks below 64,000 USDT, it could drop to the support zone between 63,198 USDT and 63,500 USDT.
Key Scenarios:
Bearish: A break below 64,000 USDT could target 63,200 USDT.
Bullish: A rebound from support may lead to a retest of 65,461 USDT, aiming...
Dear Traders,
We are seeing some major correction on Reliance since last few weeks, in our technical view price is yet to drop further towards our designated buying zone. Expect a swift buy from our identified key level, even possible to see a continuous bull run taking price above 3500 region. If you agree to our view please like and comment for more.
The W pattern, also known as a double bottom, is a bullish reversal pattern in technical analysis. It indicates a potential shift from a downtrend to an uptrend. Here’s a breakdown of the W pattern:
Formation: The pattern resembles the letter “W” and consists of two consecutive lows (bottoms) separated by a peak (middle peak).
First Bottom: This forms after a...
EUR/USD reveals a tense battle between buyers and sellers, as the price hovers around $1.10334.
Sellers are in control, pushing the price toward the critical support level at $1.10051. This is a key threshold: if broken, the price could plummet, opening up significant selling opportunities.
On the other hand, buyers haven’t given up yet. They’re striving to...
Hello everyone. How's everyone doing today? Let’s analyze the USD/JPY currency pair together with Alisa!
The USD/JPY currency pair has broken through the 50-day SMA and maintained its upward momentum for two consecutive sessions, reaching a new 3-month high. The strength of the USD, supported by the Fed’s interest rate outlook and positive employment reports, is...
Hello everyone. Let’s analyze today’s gold price together!
Gold prices have slightly decreased today, pausing after gaining more than 1% in the previous session. The upward momentum of gold appears to be stalling, and the market is now "waiting" for U.S. labor data and speeches from several Federal Reserve (Fed) officials to gain more insight into the agency's...
