GBPUSDThe GBP/USD exchange rate has increased by 0.31% during the North American trading session and is trading at 1.2746, after rebounding from the daily low of 1.2690. The spring budget announcement in the United Kingdom and the testimony of Federal Reserve Chairman Jerome Powell have supported the rise in this currency pair, which is now poised to test the 1.2800 level.
Signals
USDPJY: Still under heavy downward pressure!Hello dear friends, what do you think about USDJPY?
In contrast to its counterparts such as EURUSD and GBPUSD, USDJPY continues to bear the heavy pressure of depreciation, with prices weakening further on Thursday. Currently, this currency pair is trading at the level of 148.50, experiencing a loss of 0.56% for the day.
This currency pair continues to face difficulties as the US Dollar weakens amid market expectations of a rate cut by the Federal Reserve in their June policy meeting, which is escalating.
Looking at the prospects from a technical analysis perspective: This currency pair is on its way to find support at the level of 148.10, and prices may recover from this point. However, the recovery may not last long as the EMA 34 signal has started to reverse and USDJPY has broken through the strong support level at 149.700.
XAUUSDWelcome back to a fresh discussion on the gold price for the upcoming week.
In the past week, gold has witnessed an impressive surge, continuously climbing from $2035 to $2088 and maintaining a stable price around $2080 in the early hours of Monday.
Looking ahead and building a strategy along with forecasts for this week: A survey involving 14 analysts revealed that none of them predict a decline in the gold price in the near future. Among them, 11 analysts, accounting for 79%, remain optimistic about the prospects of gold, while 3 analysts, making up 21%, hold a neutral stance towards this precious metal.
Regarding today's gold price forecast: Gold has started to undergo a price correction and shows a slight downward trend under the pressure of profit-taking from investors, decreasing by 0.15% in a day. This price breakthrough may lead to gold being retested at key support levels, so investors need to exercise caution to avoid being swayed by the price.
ADA/USDT 1500% Potental as per Fractal AnalysisCRYPTOCAP:ADA Super bullish 1500% Potential Analysis
1⃣ Congrats #ADA up 70% from our Initial Entry
2⃣ Long Term I am Expecting $5-$10
3⃣ Best Entry: $0.4-$0.5 (Less chances but Placed bid)
4⃣ As per Fractal #Cardano is $15 Potential
5⃣ Big Red Box = Accumulation Zone
6⃣ Strong Support = $0.40 Level
NFA & DYOR
BTCUSDT: progressing closer to correction
Hello everyone, it's RKarina here again, let's plan our new week strategy together!
Today, BTCUSDT is trading at $63,728, marking a 0.96% increase as the week begins.
From the analysis chart, it is clear that BTCUSDT is approaching its all-time high and forming a cup and handle pattern. In my personal opinion, BTCUSDT is preparing for a corrective phase, with my target set at $51,500 and further decline to $41,500.
EURUSD: Defending the 1.0800 support levelHello comrades, today the EURUSD trading session kicked off with little changes. The currency pair is still gradually increasing and trading below the 1.0850 level in the Asian trading session on Monday. The US dollar is regaining its footing as it trades in the opposite direction in the Asian market, creating a sense of caution. Investors are still concerned about an important week ahead, focusing on the ECB's interest rate decision and Powell's testimony.
It is expected that this currency pair will continue to move sideways below the resistance level of 1.0856 before strong news impacts the trend as mentioned above. The support level of 1.080 continues to play a strong role for EURUSD during this time.
Wishing you all a successful and enjoyable trading week!
GBPUSD: Is this week's trend up or down?RKarina sends greetings at the beginning of the week to everyone, wishing you all a smooth and exciting trading week.
Currently, GBPUSD is maintaining a fairly stable price around 1.266, recording a 0.08% recovery during the day. The GBP/USD pair has formed a good recovery on Friday from the level of 1.2600, which has been a low point for a week and a half, and has attracted some positive momentum.
In terms of trends, GBPUSD is still in a sideways state, but in the short and medium term, it seems that the buying side is holding strong with price increases after this currency pair tested the 34 and 89 EMA lines and continued to move up.
My goal for this week is for GBPUSD to continue rising with two main targets, namely 1.270 and 1.276. What about you? Do you have a goal for an increase or decrease in price?
USDJPYHello dear friends!
Today, the USDJPY pair continues to trade deeply around the 150.32 level and maintains a sideways trend. It is expected that there will be no significant breakthrough in price today as no information will be released during the day.
Resistance levels: 150.64, 150.800 Support levels: 149.95, 149.700
Gold price increased dramatically at the end of the week!Hello dear friends, let's review the gold prices of the past week and discuss new strategies for the upcoming week with Kevin!
During the beginning of the week, gold prices remained relatively stable, mainly moving sideways around the $2030 mark with a resistance level at $2035. However, in the last two days of the week, gold gained strong buying momentum and broke through some significant resistance levels, continuously rising from $2025 to $2088 and currently pausing at $2082.
The international financial market has received economic updates from major economies such as the United States, Europe, and China. As a result, investors have been actively buying precious metals to protect their capital, pushing gold prices to the highest level in months.
Looking ahead to the next week's strategy:
Based on chart analysis, gold has surpassed the $2065 resistance level and is approaching $2090, but it is encountering some limitations as indicated on the chart. It is expected to experience a slight retreat as the new trading week begins, with a projected range of 0.5 - 0.618 Fibonacci retracement (which means testing the new support area around $2065 and testing the 34 and 89 EMA lines as the price has gone too far).
Wishing you all successful and enjoyable trading!
EURUSD: Critical support level 1,080 remains strong!Hello everyone, let's discuss the new weekly strategy for EURUSD with RKarina!
Yesterday, EURUSD continued to maintain a fairly stable trading level around the psychological threshold of 1.080. The currency pair received support once again from the 1.080 level, as it bounced back after touching this threshold. It seems that the buyers are still making efforts to protect this support level and demonstrating their notable strength.
Currently, EURUSD has temporarily paused trading at 1.083 and is approaching a nearby resistance level. There is a high possibility of an increase in price as long as the 1.080 support level remains intact.
EURUSD: Pay attention to defending 1.0800Hello dear friends, it's RKarina here again! What do you think about the next trend for this currency pair?
EUR/USD remains stable, hovering around the 1.0850 level, especially after Tuesday's trading session, which saw minimal momentum for this currency pair due to a larger-than-expected drop in durable goods orders in the US for January. Now, all attention is focused on the upcoming release of US Gross Domestic Product (GDP) data on Wednesday.
From the chart: EURUSD is currently in a corrective phase, facing downward pressure from sellers as it approaches the resistance level at 1.0888. The current support level is set at 1.079, with a notable possibility of price recovery in this area. Within the range of 0.5 - 0.618, buyers are closely monitoring this zone for opportunities to maneuver and compete in this currency pair.
Gold price on the weekend of trading weekend!Hello everyone, let's strategize for the new day with RKarina! It can be observed that yesterday afternoon, the price of gold increased significantly, surpassing the important resistance level at 2035 USD and approaching the level of 2050 USD before stabilizing around the 2045 USD range in the first half of today.
In line with this, the core PCE of the United States decreased from 2.9% to 2.8% compared to the same period last year. The annual overall inflation rate also decreased sharply from 2.6% to 2.4%, in line with expectations. This data confirms that the process of inflation reduction continues, causing a decrease in US Treasury bond yields. As a result, financial investors are shifting their capital from bonds to precious metals. The price of gold in the world today has the momentum to continue rising.
XAUUSD: little volatility, quiet tradingHello dear friends! What is your prediction for the movement of gold today?
Last night, gold briefly touched the $2025 mark before quickly recovering to stabilize around the $2035 range, facing challenges around this resistance level. Due to the narrowing Bollinger Bands, it is predicted that gold will have minimal volatility today, possibly fluctuating between $2038 and $2025.
GBPUSD: The risk of a price drop lurksThe GBP/USD exchange rate is hovering around 1.2680 on Wednesday as markets seek new impetus from the Federal Reserve (Fed) as investors gradually shy away from high-interest rate cut bets. Data on US Gross Domestic Product (GDP) inflation and Personal Consumption Expenditures (PCE) Price Index will be released this week.
Data from the United Kingdom remains sparse this week, with the market focusing on important figures to update expectations of interest rate cuts by the Fed.
As a result, GBPUSD is struggling to rise, with both short-term and medium-term corrections indicating a downward trend. The currency pair has already broken below the support level of 1.267. In the event that the next support level at 1.265 is breached, the possibility of a decline below 1.262 is entirely plausible as there will be no significant support points to prop up GBPUSD.
USDJPY: SELL OR BUY?Hello dear friends! Today, USDJPY continues to be limited below the resistance level of 150.750 in the early trading hours of the new week.
This currency pair is declining due to the decrease in US Treasury bond yields, amid cautiousness and concerns about inflation data in the United States. However, the recent appreciation of the US dollar may limit the downside of USD/JPY as long as the support level of 149.700 is well maintained, thus the possibility of a recovery for USDJPY is still considered high.
USDJPY: down sharplyDear friends,
USDJPY experienced a sharp decline today. The price has been consistently plummeting since reaching 150.844 and is currently hovering around 149.789 after half a day.
On the analysis chart: This currency pair has surpassed most of its important support levels, and there is still a favorable outlook for further price drops as the trendline has been broken. The defensive point and target for sellers are currently at 148.97.
GBPUSD : Slight discount !The GBP/USD pair broke free from the recent low around 1.2620 and rebounded to 1.2660 at the start of Thursday's Asian trading session. The demand for the US Dollar (USD) weighed heavily on the GBPUSD pair ahead of a significant event in the United States.
Investors are currently awaiting the release of the US Personal Consumption Expenditures (PCE) Price Index for January at the end of the day, hoping for fresh momentum.
EURUSD - Stable trading above the psychological level of 1,080Hello everyone, let's discuss EURUSD today with RKarina!
Currently, the EURUSD currency pair is trading quite calmly and there haven't been many price changes, with trading levels around 1.083 USD from the beginning of the week until now.
Looking at the prospects from today's short-term analysis chart: This currency pair has experienced a pullback above the 0.5 - 0.618 Fibonacci level, indicating that the selling side seems to have an advantage during this period. However, it is still operating weakly as the price continues to hover and align with the two EMA lines, namely the 34 and 89.
If everything goes well and meets expectations, after a slight sideways movement, this currency pair will aim for the next target at the resistance level of 1.086. Let's wait and see the results!
Xauusd todayHey everyone, let's delve into the current gold prices!
During the previous trading session, the price of gold remained steady, ranging from $2022 to $2025. Investors are eagerly awaiting fresh economic data from the United States in order to assess the future direction of interest rates as determined by the Federal Reserve (Fed).
At the moment, gold finds itself in a temporary stalemate, torn between expectations regarding interest rates and the demand for a safe haven amidst geopolitical tensions. The latest minutes from the Fed's policy meeting have revealed a general concern among policymakers regarding the risks associated with premature interest rate cuts, which has exerted significant pressure on gold.
In my opinion, there is a possibility that gold prices could rise to a range of $2040 - $2042 before experiencing a correction if it reaches the limit of its downward trend.
MOVR/USDT Ready for $100 ?Will SEED_DONKEYDAN_MARKET_CAP:MOVR break its ATH $440 Level Again?
1⃣ #MOVR did 11x from in last 4 months
2⃣ Before Pump MOVR Also dumped 99% of the last ATH
3⃣ Down From $440 to $3.5
4⃣ 40% down After My analysis hope you entered at our entry zone.
5⃣ Now I am expecting $100-$200 in the bull run if hold $20 Support.
NFA
Gold price today: Trading is quietHello everyone, gold traded relatively calmly today at a high level after breaking out of the previous downtrend.
Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%.
From the analysis chart: Gold is trading sideways as XAU/USD has been unable to surpass the psychological resistance level of $2,035 for the past 12 days. However, the upward trend is still intact, and if buyers reclaim the $2,035 level, it could open up an opportunity to challenge the psychological level of $2,050.