Get started

Buy-sell

EUR/USD: Recovery or Further Decline?The current EUR/USD chart shows a positive trend with important test points, but even though it is moving in a fairly stable pattern, the market's hesitation can provide opportunities for investors to pay attention. On the daily chart, EUR/USD has demonstrated its ability to maintain levels above two moving averages (EMA 34 and EMA 89), a positive sign that shows the strength of the current trend. However, there are also signs of hesitation with recent candles being small and having long shadows, indicating uncertainty in the market. Investors and traders should closely watch the support level at 1.10750, where a resumption of the uptrend could be confirmed if the price breaks through this level convincingly. The key resistance on the upside is at 1.1100, a level that could test the resolve of buyers in the coming period.
by Naoomi
Gold Knocks on New Highs: What Does It Mean for Investors?In the recent trading session, gold prices recorded a strong growth, breaking through several important resistance levels, and are now approaching the new red resistance zone on the chart. With this increase, gold prices have the potential to challenge higher levels in the near future, supported by several technical and macro factors. The 34 EMA and 89 EMA are both showing bullish trends as they maintain an upward slope. The position of gold prices above both these EMAs is a sign of a sustainable uptrend that could continue. The current red area on the chart marks a major resistance level that gold prices need to overcome to continue the uptrend. A successful breakthrough of this level could lead to a new bullish phase, while a failure could trigger a price correction.
OANDA:XAUUSD
by Naoomi
1
Bullish Opportunity Upon Breaking Fibonacci ResistanceThe current EUR/USD chart shows important reaction levels using Fibonacci levels, which paints a notable technical picture for traders interested in the pair. The 0.618 Fibonacci level ($1.10758) is the key resistance level that the price needs to overcome to confirm the uptrend. This level has seen some market reactions, and if overcome, the price could potentially move towards $1.11540 and $1.11929. The 0.5 Fibonacci level ($1.10620) is now an important support level. Stability above this level could be seen as a basis for further upside. This level could also be seen as an entry point for traders who are optimistic about the pair's upside potential. Looking to the downside, the support at $1.10034 is the latest low and the level to watch if the downtrend resumes. A break below this level could indicate that the bears are in control and pose a serious challenge for the bulls to hold the price higher. Recommended Strategy: Traders should consider buying if the price firmly breaks above $1.10758 with short-term targets at $1.11540 and $1.11929, while placing a stop-loss below the $1.10034 support to limit risk if the market does not move as expected.
by Naoomi
XRP Short Term Price TargetIf you haven`t bought the dip on XRP: Now you need to know that Ripple’s XRP is showing bullish potential, buoyed by its partial legal victory in July 2023. The court's ruling that only institutional sales of XRP were unregistered securities offerings, while programmatic sales to retail investors were not, has given the token a significant boost in confidence. This ruling marks a crucial milestone for Ripple, alleviating some of the regulatory uncertainty surrounding XRP in the retail market. One factor that adds further optimism is the slow nature of the appeals process. With any higher court ruling unlikely before 2025 and a potential Supreme Court decision not expected until 2026 or beyond, Ripple has time to build momentum and solidify its market position. From a technical perspective, XRP has been forming higher lows, suggesting a strong bullish trendline. With this upward momentum in play, I expect XRP to target $0.64 in the short term. As regulatory clarity continues to develop, XRP could be poised for further growth in the broader crypto landscape.
Long
by TopgOptions
TON Toncoin Potential Sell-OffIf you haven`t bought TON before the breakout: Now you need to know that on August 24, 2024, the arrest of Telegram founder Pavel Durov by French authorities sent shockwaves through both the platform and its cryptocurrency, Toncoin (TON). Durov's arrest, reportedly tied to illegal activities on Telegram, has been widely seen as an attack on free speech, which has paradoxically boosted interest in both Telegram and Toncoin. This spotlight on Durov and his platforms presents both challenges and opportunities. While the surge in activity signals increased attention, the future is uncertain. The ongoing investigation and heightened regulatory scrutiny are likely to impact TON's market performance. Investors and users are closely watching for further legal actions, as they could have significant consequences for Telegram and Toncoin. With the regulatory landscape in flux, TON remains a risky investment until the legal situation stabilizes. My price target for TON is $2.15.
Short
by TopgOptions
CPI Momentum and Fed Rate Cut ExpectationsThe gold chart is currently trading in a narrow range, indicating a sideways trend, reflecting the market’s anticipation of news that could have a major impact on prices. This sideways movement occurs between two key levels: resistance near $2,525 and support at $2,472. This stability has been partly maintained by the latest US inflation data, which showed that core CPI remained stable, suggesting that the Fed may not change monetary policy in the near term. However, any major changes from the Fed’s decision could trigger a strong rally in gold, especially if interest rates are cut deeper than expected, which would weaken the USD and increase the appeal of gold as a safe-haven asset.
OANDA:XAUUSD
by Naoomi
Gold Price Rises Due to CPI and FedAmidst volatile global financial markets, gold prices have recently shown a slight increase, mainly due to a series of important economic and political news. Investors’ attention has been focused on key economic indicators such as the US Consumer Price Index (CPI), which is closely watched as it can directly influence the Federal Reserve’s monetary policy decisions. A stronger-than-expected CPI growth is typically a sign of rising inflation, which could prompt the Fed to raise interest rates to curb inflation. However, in the current environment, any significant increase in CPI could be seen as an opportunity for the Fed to cut rates rather than raise them, given concerns about a global economic slowdown and current political uncertainties. A rate cut would reduce the opportunity cost of holding non-yielding gold, boosting gold prices. Gold is often seen as a safe investment in times of uncertainty and inflation, when the value of other financial assets may decline. Recent stock market volatility and political instability in many parts of the world have also contributed to the rise in the value of gold as a safe haven asset.
OANDA:XAUUSD
by Naoomi
Strong Bearish Pressure Below EMAsThe EUR/USD pair is showing a strong bearish bias, as shown by the 34 EMA crossing below the 89 EMA, a classic bearish sign. This suggests that the market could continue this trend as long as the selling pressure has not subsided, especially as the price continues to trade below both EMAs. On the Fibonacci Retracement chart, the current price zone of EUR/USD is near the 1.1038 level, an area that has served as support for previous rallies. A break of this level could take the pair down to the next support level of 1.09826, according to the 1.618 Fibonacci ratio, which if broken could open a deeper downtrend. Entry Point: Long Position: If the EUR/USD pair rebounds and breaks above the EMA resistance, a short-term long position could be considered. Enter when price breaks above 1.1080. Sell: Enter a sell order if price breaks below 1.1038 support and continues to trend lower. Take Profit (TP): Buy: Place TP around 1.1130, close to the next resistance level on the chart. Sell: Place TP at 1.09826, in line with the 1.618 Fibonacci level where price could find new support. Stop Loss (SL): Buy: Place SL below EMA 89, around 1.1040, to minimize risk if the recovery does not occur as expected. Sell: Place SL above 1.1080, just above EMA 34, to protect the order from sudden moves that could push price back into the uptrend.
by Naoomi
Gold is sideways before the newsAt the end of the week, the world gold price traded around 2,497 USD/ounce, with strong fluctuations during the week but not out of control of investors. In particular, the US employment report put great pressure on the market. The gold price is trading below the EMA 89 moving average but above the EMA 34, indicating an unclear trend and needs further observation. The EMA 34 can temporarily support the price, while the EMA 89 is a strong resistance level. On the daily chart, gold has formed a "sideways" pattern over the past month, reflecting the market's hesitation before economic data and the Fed's monetary policy. The current major support level is 2,480 USD/ounce and the resistance level is 2,520 USD/ounce.
OANDA:XAUUSD
by Naoomi
2