EURUSD: Opens up new bullish factors!Hello all of you!
On Thursday, the EUR/USD pair rebounded to the highs of the recent consolidation period, surpassing the 1.0700 handle. This recovery comes as markets readjust to risk sentiment ahead of the release of the US Nonfarm Payrolls (NFP) report on Friday.
Price action has taken place around the 34, 89 EMA, as the market waits for clear momentum to influence the direction of the trend. The 4H candles show a pattern of higher lows, strengthening the recovery momentum as the pair attempts to extend the upside movement from the swing low of 1.0600.
EUR/USD is trading in an uptrend above the 34.89 EMA, and is expected to continue rising if it can overcome the 1,074 resistance.
Signals
Update the latest XAUUSD todayHello everyone, today let's look at the price of gold together!
Yesterday, gold fell to a low of 2282 USD. However, gold has now recovered and is fluctuating around 2,300 USD, crossing the EMAs 34 and 89 at a price of about 2,318 USD early on Thursday.
The US Federal Reserve (Fed) decided to keep the benchmark interest rate unchanged from 5.25% to 5.5%, which still causes gold to go through an adjustment period. In the short term, gold prices may continue to decline due to increased pressure from profit-taking and short selling.
However, over a longer time frame, many factors will support gold prices, including global economic uncertainties, geopolitical tensions and election uncertainty. As long as these tensions persist and economic policies continue to cause instability, gold will remain the foundation for stability.
Trading plan for April 2:
👨💻 Buy XAUUSD around 2310 - 2308
🔹 Set stop loss at 2305
🔹 Profit target at 2315 - 2320 - 2225
Wishing you successful trading and achieving your profit goals!
XAUUSD : Trades around 2300 USDHi everybody! Today, gold prices cooled after initially rising slightly, recovering from key support levels. However, this momentum is limited by lingering expectations of higher interest rates in the US.
The metal jumped to $2,300 an ounce in overnight trading, after the US Federal Reserve announced no immediate interest rate hikes, which weakened the dollar and supported a part for the price of the items.
However, the Fed also showed caution, not rushing to cut interest rates anytime soon, which could limit any significant increase in gold prices.
Gold price today: Waiting for a new breakthrough!Hello everyone, currently the gold price is still fluctuating around 2300 USD and has not changed much compared to previous sessions.
This metal is in the process of accumulation, waiting in a narrowing wedge pattern, preparing for a new trend while the market is eagerly awaiting information from the Non-Farm report. A breakthrough will be an important signal for gold's next move.
Technically, the outlook is somewhat bearish, but we will update more information when there are official results to have a clearer view.
Wishing everyone happy and successful trading!
$ETH Flag Pattern Alert: Below $2000 or Above $3300 for Bull RunCRYPTOCAP:ETH Flag Pattern Alert: Below $2000 or Above $3300 for the Next Bull Run
Bullish Outlook: #Ethereum is forming a bullish flag pattern, but the real confirmation will come with a breakout above $3300. Until then, don't fall for potential fakeouts.
Entry Strategy: Consider buying below $2000 if prices dip. A sustained breakout above $3300 could propel #ETH toward $10,000.
Support: $2200/$1500
Resistance: $3300/$4000
Watch Out: Keep a close eye on price action before making high-leverage trades.
Latest EURUSD update today!Hello everyone! Yesterday, after the announcement of the PCE news, EURUSD experienced a slight decrease in price. Currently, this currency pair is temporarily trading around the 1.069 level, ending the short-term uptrend at the 1.070 threshold.
Looking ahead, it seems that EURUSD may have to undergo further adjustments according to Dow's theory, as it has tested the resistance zone and previously broken areas.
What do you think - will EURUSD recover and increase next week, or are you predicting more price declines? Let's discuss your predictions and strategies!
$BTC Update: Falling Wedge PatternCRYPTOCAP:BTC Update: Falling Wedge Pattern
Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag.
Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000
However, if BTC fails to hold the yellow Box support, expect potential downside to $50k and $40k.
Stay cautious and keep an eye on these key levels!
#Bitcoin #Crypto #TechnicalAnalysis
EURUSD: Waiting for a new breakthroughHello everyone, today, EURUSD continues to trade around a familiar level near 1,071 and maintains the long-term bearish trend.
In terms of trend analysis: EURUSD will soon receive important information from the European HCOB Manufacturing Purchasing Managers' Index (PMI). This data will provide further insight into the pair's next direction.
Short term: Today, EURUSD left the bullish channel and completed a retest of the trendline and Breakout area, which shows that sellers have the advantage. Therefore, the selling strategy is prioritized until the end of the day, before new information is released.
POPCAT/USDT Forming Bull Flag: Expecting Target $2Popcat ($POPCAT) Soars to New High: $0.576625
Popcat, the first cat-themed coin to hit a billion-dollar market cap, has reached a new all-time high of $0.576625
Thanks to its unique positioning and strong community backing, #POPCAT has seen rapid growth, and many believe it could soon hit $1.
While the market is volatile, the Popcat community is buzzing with excitement and optimism!
Chart Analysis:
According to the chart, POPCAT has formed a bullish flag and completed a breakout, suggesting a 250% potential gain from the breakout level. It could reach $1.80 soon, but remember to set your stop loss.
Stop Loss: $0.4390
Note: This is a high-risk coin, already up 500% in just 13 days. Avoid investing big money.
Let's see how Popcat performs in the coming days!
GBPUSD: Technical uptrend continues!Hello everyone, today, GBP/USD rose to levels near 1.2535 early in the Asian session. This move was driven mainly by the significant weakening of the US dollar (USD) after the US Federal Reserve (Fed) decided to keep interest rates unchanged.
Analysis from the chart shows that GBP/USD has broken away from the previous downtrend, starting to form a new uptrend with important support around the 1,247 area. Looking ahead, buyers appear to have the upper hand, with the next target being resistance at 1,256. If this uptrend continues, the next level could be 1,269, especially if GBP/USD can turn 1,256 into a new support area.
Ready for Altcoins Season? Bitcoin Dominance Analysis Ready for Altcoins Season? Bitcoin Dominance Analysis
Critical Level: #Bitcoin Dominance hovers around the pivotal 55% mark, with potential outcomes hinging on breakout or rejection from 55%-57% resistance.
Altcoin Scenario: Breakout could trigger an altcoin bloodbath, while failure could signal a significant altcoin season, potentially leading to new all-time highs.
Observation: #BTC Dominance exhibits a pattern akin to the Bitcoin 2021 top.
Confirmation Needed: Await an impulse downward to solidify the pattern, reminiscent of the 73%-39% move in 2021.
Asymmetric Bet: Despite prolonged anticipation, the odds favor altcoins, presenting potential lucrative opportunities.
Patience Pays: Success rewards those resilient against social media sentiment and market frustrations.
Action Item: Vigilantly monitor charts for potential market movements, seizing earning opportunities as they arise.
#AltSeason #Altcoins #Cryptocurrency
#Aptos Price Analysis: From Symmetrical Triangle to $100 APT/USDT Technical Analysis Update
➡️ Current Situation:
APT price was recently rejected at the resistance level of its previous all-time high. Observations on the higher time frame (HTF) charts indicate the formation of a symmetrical triangle. After a breakout, the price is currently retesting at the support level.
➡️ Key Support Zone:
The strong support zone and recommended entry levels are between $9 and $7.50 (spot trading). This provides a favorable risk-reward setup for potential entries.
➡️ Long-Term Outlook:
In my opinion, Aptos (APT) holds the potential to reach $100 in the long term. This makes my long-term target for APT a solid $100.
➡️ Short-Term Targets:
$18
$30
$48
These targets are set based on current market dynamics and breakout patterns observed in the chart.
➡️ Risk Management - Exit Strategy:
It's crucial to manage risks by setting an exit point. If the price breaks down below the red trend line, currently around $6.50, consider exiting to preserve capital.
➡️ Market Sentiment:
The overall sentiment will need to be monitored closely, particularly how the price reacts at the current support level. Maintaining a flexible approach will be key as market conditions evolve.
➡️ Remember:
Always do your own research (DYOR) and consider your risk tolerance when trading.
Stay Updated:
Follow for more updates and insights on cryptocurrency trading and market analysis.
ETH/BTC Technical Analysis UpdateETH/BTC Technical Analysis Update
▪️Bounced off green box support, indicating bullish momentum.
▪️ ETH/BTC Broken out on daily chart, positive for CRYPTOCAP:ETH and #Altcoins
▪️ CRYPTOCAP:BTC dominance declining, favorable for #AltSeason
Are you prepared for potential Altseason?
Could Altcoins Reach $7 Trillion in this Bull Run? Could Altcoins Reach $7 Trillion in this Bull Run?
Bookmark this post for a streamlined breakdown of the #altcoin market cap trend:
1️⃣ Breakout: The market cap has breached a critical resistance, hinting at a bullish onset ( Black TrendLine )
2️⃣ Skyrocket Post-Retest: Expect a sharp rise after the market retests the newfound support level.
3️⃣ Awaiting Retest (Green Box): We're currently watching for a dip back to the retest level, a pivotal moment for trend confirmation.
4️⃣ Potential $7T Market Cap: Following historical patterns, altcoins could reach a $7 trillion market cap in this bull run.
What number will gold end the trading session at?Dear beloved readers, gold continued its recovery on the last trading day of the week, trading around $2,340 and marking a 0.3% increase for the day.
As a result, the USD faced further disadvantages last night, creating momentum for the recovery of XAUUSD. In the short term, this metal continues to receive support from investors as it maintains a strong upward trend within the price channel, with a support level established at $2,330. The target is to reach the upper limit of the price channel, with gold potentially reaching $2,350 and possibly even higher by the end of the session.
What does gold promise in the near future?Hello dear friends, let's recap the gold prices from last week and strategize for the upcoming week.
Overall, there was no surprising volatility in gold last week, as it adjusted from $2400 to $2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal.
In the past couple of days, gold has once again recovered as buyers successfully defended the support level around $2300 USD. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend.
Looking ahead:
Long-term outlook: Gold continues its upward trajectory, with a favorable target of $2500 USD. Short-term outlook: The precious metal has established a new support level, moving steadily around the EMA 34 and 89 lines, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens.
Ethereum Technical Analysis Update#Ethereum Technical Analysis Update
Chart Pattern: Bull Flag Formation
Ethereum is showcasing a classic bull flag pattern on the ETH/USDT chart. This is often a bullish continuation pattern, indicating potential upward momentum if the market conditions align.
Key Breakout Level: $3,250
If Ethereum breaks and holds above the $3,250 resistance level, we are likely to witness a significant rally. A successful breakout could potentially set CRYPTOCAP:ETH on a path to a new all-time high! Keep an eye on this crucial level for decisive moves.
Support: $2,750
Resistance: $3,250
Trade Wisely and Always Use Stop Loss.
GBPUSD: Recovery again?Hello everyone, here!
Today, after a positive close for two consecutive days, GBP/USD has regained momentum and climbed above the 1.2500 level for the first time in nearly two weeks. The short-term technical outlook for this currency pair indicates an upward trend as it has successfully surpassed the resistance level at 1.248 and turned it into a new support level.
The price action currently shows a convergence between the two EMA lines and this support level, therefore, the outlook is aimed at higher levels, surpassing the resistance level at 1.256.
Wishing you all a happy weekend of trading!
USDJPY: Continuing uptrend!Hello everyone, what are your thoughts on the recent developments in USDJPY?
Currently, the USD/JPY pair is showing a significant upward trend due to a substantial interest rate differential between the United States and Japan. With the Federal Reserve setting the Federal Fund Rate at 5.25%-5.50% and the Bank of Japan maintaining near-zero interest rates at 0.0%-0.1%, the USD holds a clear advantage in attracting investment compared to the JPY. This continues to support the upward trajectory of USD/JPY.
Update the latest gold price today!Hello everyone, after the first two sessions of the week falling by about 90 USD/ounce, the world gold price has recovered slightly and shown that the support threshold of 2,300 USD/ounce is quite solid, raising the belief that the recent decline is Buying opportunity for long-term investors.
Gold prices remain high due to concerns about instability in the Middle East and Ukraine. In addition, weaker US economic data is also supporting gold prices as the US service and manufacturing industries show signs of decline.
In the long term, gold is still in an upward trend. However, in the short term, gold may also suffer deeper corrections because the decline in the first two sessions of the week is not significant compared to the growth that has lasted since the end of December last year.
EURUSD: Moving steadily in the bullish channel!Hello dear friends, during today's Asian trading session, the EUR/USD exchange rate has fluctuated around the psychological level of 1.0700. The pair's modest growth was supported by weakness in the US Dollar.
From a technical analysis perspective, this pair is stable and moving in an upward channel. The next target for the buying strategy is towards the 1.073 resistance level, which is also the upper limit of the bullish channel being observed.
Gold price today: Back to the track.Hello dear friends. Today, gold is starting to increase again as the Bull side successfully maintains a high price above the support level of 2300 USD.
As a result, gold has gained nearly 150 pips compared to the same time yesterday and is moving around the two EMA lines of 34 and 89 at a level of 2335 USD. The short-term trendline continues to favor the buying side. As long as the support level of 2300 USD is held steady, there is potential for a retest of the resistance level at 2400 USD, in line with the long-term trend of gold in recent weeks.