USDJPY: Exploding until the end of the weekDear friends, In today's analysis chart, we can observe the continuation of the recovery trend with today's trading price at 145.47, maintaining a consistent upward trend since the last decrease at 140.26.
The target for this price increase will be at the 0.618 and 1.618 levels, coinciding with Fibonacci.
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Signals
BTCUSDT: Exploding increase in valueToday, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing.
From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading environment and minimal volatility.
However, there are signs indicating that the price is approaching a previously broken resistance level once again. If this happens, it could serve as a stepping stone for further price increases as the current upward trend is still intact.
EURUSD: increasing rapidlyToday, the EURUSD currency pair is showing a good recovery momentum.
This recovery is supported by the weaker US dollar. The 4-hour chart continues to indicate some short-term consolidation as the pair successfully breaks through the resistance level at 1.096, with a reversal signal from the 34 EMA line.
It is expected that after a retracement and testing the breakout level, EURUSD will utilize this newly established support level to reach its price target of 1.099 and potentially even 1.106.
How does gold trade?Dear friends, the price of gold continues to decline and is currently trading around $2035.
According to our chart analysis, gold has formed an inverted cup and handle pattern. The current support level is $2017. Additionally, the 10-year US bond yield has surpassed 4% per annum. This factor has prompted investors to pour money into bonds, resulting in minimal flow into precious metals. Therefore, it is inevitable that the price of gold will continue to trend downwards.
In fact, during the overnight trading session, the global gold price reached $2040 per ounce at times. However, concerns have arisen as the US dollar strengthens and US bond yields rise. Many are worried that this will cause a decrease in the price of gold. As a result, they are looking for ways to sell and recover their capital, leading to a decline in the price of gold and making it difficult for it to recover.
USDJPY: Received 2 great supportsHello dear friends, what do you think will happen to USDJPY today?
Currently, the USDJPY currency pair is experiencing a good upward momentum:
Regarding the first factor: USDJPY has completely escaped from its previous downward trend and is showing strong buying momentum returning.
Regarding the second factor: After price correction to the Fibonacci 0.5 level, the price has started to rebound, which is a perfect sign indicating strong buying pressure from investors.
With these two factors, we will prioritize a Buy strategy for USDJPY with favorable conditions to take profit at the two main levels of 149.19 and then 154.37.
How about you? What is your opinion on USDJPY?
BTCUSDT: bullish trade with DOW wave?Dear friends, as predicted by RKarina, the price has escaped from the sideways box pattern and has experienced a significant increase.
Currently, BTCUSDT is trading around the $46,000 mark and is undergoing a correction phase after breaking through the resistance level at $45,500. Assuming this is a price behavior, BTCUSDT is expected to continue rising after the correction is over and use this level as a new support.
From a fundamental analysis perspective, the price is still in wave 1 of an upward trend, although no corrections have occurred yet.
Therefore, RKarina's target is $50,000 or higher at the Fibonacci 0.168 level ($52,275). What are your thoughts on this?
EURUSD: Sell on price breakout after news?Dear friends,
Currently, EURUSD is experiencing minimal volatility and remains relatively stable around the 1.093 level. This is confirmed by the narrowing of the Bollinger Band indicator, indicating a preparation for the next breakthrough.
Speaking of breakthroughs, EURUSD is being constrained below the resistance level of 1.096 and finding support at 1.090. The market is currently focused on the latest consumer inflation data from the United States, which will be released on Thursday, to gain significant directional momentum.
After the news is announced, this currency pair may experience a breakthrough in two scenarios as mentioned: an increase upon breaking the resistance level and a decrease if the bearish side breaks the support.
On a personal note, I am expecting a decrease in EURUSD. What about you? Please leave your comments below!
Gold promises to increase in price?Dear readers, in the short term, our priority remains to sell due to the current price adjustment phase, with trading hovering around $2035. However, when considering the long term, the analysis of the 1D chart supports a strong upward trend for gold, with a clear support level at $2017. Another favorable factor for gold is that the trend line has not been broken yet.
These two factors, along with market sentiment resulting from interest rate cuts this year, will be the main drivers for investors to push prices back to the resistance level of $2088 and achieve a new all-time high.
Gold prices are expected to continue to go downDear friends, it's great to see you again in today's trading session.
At the time of writing this article, the price is fluctuating around $2033 at the start of the trading session, showing a slight recovery after a sharp drop to $2017 at the end of yesterday's trading session.
The precious metal has broken out of the support level at $2033 and the price analysis chart indicates a clear downward trend with a convergence preparing for a reversal from the 4 and 89 EMA.
It is expected that the current price correction will continue until a retreat of 0.5 or even 0.618. We can anticipate further decline in gold after this correction phase. Selling opportunities should be prioritized, my friends!
GBPUSD price momentum remainsThe GBP/USD pair continues its streak of consecutive victories this week. Positive risk acceptance and the slight decline in the US Dollar are supporting the pair's price increase. The currency pair is currently trading at 1.2759, up 0.05% for the day.
In recent times, this level has been a significant resistance point for the pair. However, with the support from the upward trend and trendline, we can expect positive signals from the EMA 34 and 89 for this currency pair.
If favorable conditions persist, it is anticipated that after a small retreat to the 0.618 - 0.5 Fibonacci level, GBPUSD will gain new momentum and achieve a breakout towards the 1.28 peak.
BTCUSDT: Bulls are getting hotToday, BTCUSDT is receiving strong price support as it has surpassed the psychological resistance level of $46,000 and is directly facing the resistance level from the past at $47,000, as shown on the chart.
Why does RKarina believe BTCUSDT is heading towards a new record target? The EMA 34 crossing and reversing over the EMA 89 is a strong signal for an upward movement. Additionally, when using Fibonacci extensions, the price has formed a DOW pattern with profit-taking targets at 1.618 and 2.618, which coincide with the peaks at $50,700 and $66,500 respectively. These are the levels that buyers are currently aiming for as the price steadily increases and receives strong support over the past few months.
RKarina's immediate target is set at the psychological level of $50,000. What about you? Do you think BTCUSDT can set a new record again
EURUSD: Quietly waiting for clear newsHello dear friends, are you curious about EURUSD today?
Today, EURUSD is trading around the level of 1.096 and the trend seems unclear as the price is consolidating around the confluence of the EMA 34 and 89 lines. The price may have minimal volatility during this phase, so it is advisable to limit trading or temporarily halt buying and selling activities until a new trend in EURUSD becomes clear.
Gold is negative with the opening session on MondayDear friends,
Gold prices have decreased by nearly $15 since the last trading session, marking a 0.74% drop for the day.
Meanwhile, the precious metal remains unstable as investors try to predict the next move by the Federal Reserve. Therefore, overall sentiment among gold traders still leans towards a downward trend based on signals from the 34 and 89 EMA lines.
Resistance level: $2045 Support level: $2030
Gold price decreased but the upward momentum remained the sameIn general, the main trend of gold in the past week has been a decline, with a decrease of over $40 during the week.
However, when looking at the long term on a daily chart, gold still maintains a strong upward trend with a stable ascending trendline. Gold has experienced a week of price decline as a corrective wave, testing the EMA 34 line at $2045 and the upcoming prospects are expected to test the EMA 89 line at around $2019.
We can expect gold to recover from this point as it touches the trendline and finds support at that level (as marked on the chart).
EURUSD: Quiet tradingHow do you assess EURUSD?
Today, EURUSD is still in a downtrend with sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around 1.093 and is expected to decrease further due to the increase in US Treasury bond yields, which has been supportive of the US Dollar (USD).
The EMA 34 line on short-term timeframes and convergence on the 4-hour chart continue to reinforce the bearish outlook.
What about you? Do you think EURUSD will rise or fall in the near future?
Dogecoin $5 Potential in Memecoin Season in Bull MarketCRYPTOCAP:DOGE Pattern is Repeating before Blasting We are waiting for a Perfect Retest.
The #DOGECOIN pattern is repeating, signaling a massive blast-off just around the corner.
A perfect retest is approaching, creating an incredible entry setup.
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Gold price todayToday, the price of gold in the market is relatively intense between the selling and buying sides, with a focus on lowering prices still being emphasized. At the time of writing, the price is reacting to trading around $2047.
The price of gold has decreased after the Federal Reserve released the minutes of its latest meeting on January 3, showing that the central bank is not yet ready to lower interest rates.
Therefore, it is necessary to closely monitor important market news to grasp the trend of this precious metal in the upcoming period.
XAUUSD: What matters is the news tonight?Dear friends, what are your thoughts on the upcoming trend of Gold in light of the significant news affecting it?
Currently, the price of gold is still trading steadily around $2040 USD, with little change from yesterday. The overall trend of gold remains bearish, with immediate resistance at $2050 USD. At the end of the day, the United States will release the Non-Farm Payroll report, which is quite important for gold as it may provide us with a fresh perspective on whether gold will continue to decline or rebound.
EURUSD: bearishDear friends, as predicted by me yesterday, EURUSD has corrected to a previously broken level
Looking at the overall market today, we can observe:
The EUR/USD pair is trading positively for the second consecutive day on Friday, despite lacking monitoring and still being limited within a wider trading range than the previous day in the Asian trading session. The spot price is currently fluctuating around 1.0900 as traders eagerly await significant macroeconomic data from the Eurozone and the United States (US) to provide some meaningful momentum.
In my personal opinion, I believe that the price will adjust downward due to the unfavorable factor of the underlying USD strengthening in the near future, with an expected decrease of 1.0750.
XAUUSD: new weekly trading strategyDear friends, what do you think about Gold?
In general, Gold showed signs of decline last week, dropping over 40 USD from 2088 USD to 2045 USD. Towards the end of the week, Gold seemed relatively calm, focusing on a sideways trend with a resistance level at 2050 USD and a support level at 2030 USD.
On Friday, when the Non Farm news was released, Gold experienced significant fluctuations, reaching a high of 2065 USD and a low of 2024 USD. However, Gold closed at 2045 USD without any major breakthroughs.
Looking at the prospects and trend evaluation for the future: With the current situation of the USD gradually recovering, Gold still has a tendency to decline further, as seen by the reversal from the EMA 34 line on shorter timeframes and consolidation on the 4-hour chart.
Breaking below the support level will push Gold back to the 2015 USD mark.
FIL/USDT 30x Potential As per Chart Analysis FIL/USDT: 30x Potential! Potential $180 As Per Chart Analysis TSX:FIL
- Currently trading at $5.95, #Filecoin is on the verge of a breakout!
- If the breakout occurs, buckle up for a wild ride to $100+! Don't worry if there's a rejection and a dump.
Keep accumulating at every big dip!
- Accumulation Zone: $5-$4
- Targets: $25 / $47 / $111 / $187
RT&Comments if you Agree