GBPUSD: Stabilizing the price waiting for new news!Hello dear friends! What do you think, will GBP/USD rise or fall in price?
GBP/USD has been steadily declining since it left the peak of 1.228. If this pair fails to regain that level, then the target for further decline could be 1.214 before reaching 1.210.
In the case that GBP/USD stabilizes above 1.2250, 1.2300 and 1.2340 could be considered as the next resistance levels.
Tonight at 20:35, we will receive news from the Fed chairman's speech, so there won't be many notable developments in the current trading. The trend of GU will become clear after the news is released. Let's wait together with Karina!
Intradaytrade
Great trading strategy for gold price today!Hello dear friends!
The price of gold is continuing to approach the $2000 mark today, with the precious metal currently trading at $1991, marking an increase of nearly $12 for the day.
However, the psychological barrier of $2000 still remains a strong resistance level. Karina's trading idea is to set a sell order when gold reaches this resistance level. The short-term target for investors selling gold would be the support level at $1985, after which the upward trend is expected to continue.
What about you? What are your thoughts and opinions on the price of gold?
EUR/USD stays pressured below 1.0600Hello dear friends,
EUR/USD is currently trading favorably below 1.0600 in the Asian trading session on Monday. Traders are considering developments in the Middle East, which may limit the pair's upward movement, while the US dollar is recovering amid higher interest rates and declining stocks.
From a technical analysis perspective:
The Bollinger Band range is operating normally and has not shown any signs of narrowing or expanding, indicating stable trading around the 1.058 level for the EU. If the EU closes above 1.0640 on a daily basis, it could pave the way for further increases. Conversely, if this pair drops below 1.0500, it may indicate further weakness ahead.
Karina still holds the view of a greater decline. Do you agree with this?
USDJPY: The price is still silent when approaching the 150.00 arHello dear friends!
Today we are still facing the question: "Can USDJPY reach and surpass the resistance level of 150.00?"
It can be seen that since the last time it broke through the resistance level of 149.000, USDJPY has maintained its strong upward momentum. Although it has not yet broken through the 150.00 resistance level, the price is still holding well and there is no sign of a reversal in the trend of this currency pair, thereby affirming the buying position of investors.
In terms of the chart, a downward correction may still occur when UJ reaches the resistance level of analysis. However, as long as this currency pair maintains a good price above 149.000, the upward momentum will continue to develop.
The issue at hand for us now is only a matter of time. What about you? Do you agree with Karina's opinion?
Audusd: No breakthrough is going onHello traders!
The Australian dollar (AUD) traded positively on Tuesday, extending its gains for the second consecutive day. The AUD/USD pair received a boost as the US dollar (USD) adjusted, possibly due to a decrease in the US Treasury bond yields.
However, on the AUD analysis chart, there is still no sign of breaking out of the trend, and the price continues to narrow while the downward trend persists. Additionally, the price is still trading around the operating zone of the EMA 34 and 89, indicating a preference for subdued trading within the range of 0.637 - 0.628, along with sideways movement for now.
GOLD - New motion orientation: What should be noted?Hello dear friends!
Today, gold is starting to enter a phase of decline as the upward momentum has been weakening over the past week. It has been three days since gold moved away from the $2000 threshold, and trading is currently experiencing a slight decrease on the 1-hour time frame, reaching a trading level of $1973.
So, what are the reasons behind the decline in gold prices?
In the trading session yesterday, gold saw a slight decrease as traders were still awaiting economic data from the US and focusing on the situation in the Middle East.
Furthermore, gold prices have cooled off due to efforts to reduce escalating tensions in the Hamas-Israel conflict.
The fact that gold prices have failed to recover this week is a signal that "safe-haven demand has begun to weaken." It seems that the market is learning to live with the tensions in the Middle East. Additionally, the strengthening of the US dollar has made gold more expensive for foreign buyers, significantly reducing purchasing power.
On the analysis chart:
The price has been gradually decreasing since moving away from the 1992 USD peak area, with occasional increases. However, there is not enough momentum for gold to surpass that resistance level. The EMA line is slowly narrowing its range, indicating that there won't be many breakthroughs during this period. The target for the downward trend is still set at the milestones of 1960 USD and 1950 USD for this price decline.
And you, what do you think about gold
USD/CAD extends losses below 1.3700Hello dear friends!
The USD/CAD pair continued to decline in today's trading session and is currently at 1.367. The drop in this currency pair is driven by the adjustment of the US Dollar (USD) to its lowest level in a month.
However, the increase in US bond yields and escalating political tensions in the Middle East may limit the decline of the USD. This currency pair is currently trading around 1.3674, down 0.12% for the day. If the expected price drop occurs, the targets will be two important levels at 1.357 and 1.350.
What about you? Do you think this currency pair will rise or fall?
Uptrend Channel breakdown in INDUSINDBKINDUSIND BANK LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakdown of Uptrend Channel Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1369-.
✅Can Go short in this stock by placing a stop loss above 1443+.
Gold will pull back again?Dear friends, At the end of yesterday's trading session, gold dropped by tens of dollars after reaching the $2,000 per ounce threshold in the previous weekend's trading session. This comes as the market expects the military conflict between Israel and Hamas in the Middle East to not escalate, as Israel continues to postpone a ground attack on Gaza in hopes that Hamas will release more hostages.
Reasons and expectations for gold in the near future:
- International financial institutions have started reducing the demand for safe-haven assets in favor of precious metals. The decrease in the price of gold today is understandable.
- In the coming days, the European Central Bank (ECB) will decide on monetary policy, while the US will announce the Personal Consumption Expenditures (PCE) index for September, which is a key inflation measure for the Federal Reserve. This information could cause fluctuations in the value of the USD, impacting the trend of global gold prices.
Regarding technical analysis:
In the short term, I still maintain the view that the $2000 mark holds significant psychological importance, so gold is expected to slightly drop to support levels around $1950 before continuing its upward trajectory.
In the long term, I believe that the $2065 mark will be the next milestone for this precious metal as the Gold market is hotter than ever. What are your thoughts on this?
GBPUSD: The motivation to increase prices but not sustainableHello dear friends!
GBP rose by 0.69% yesterday. The upward momentum has increased, albeit not by much. Today, GBP may test the level of 1.2290 before the risk of a pullback increases. The highest expected level around mid-October, near 1.2340, is unlikely to materialize. Support stands at 1.2225, followed by 1.2200.
After dropping to a low of 1.2093 last week, GBP has rebounded and reached a high of 1.2258 yesterday. The upward momentum seems to be forming, and GBP may rise to the level of 1.2340 in the coming days. At this stage, the likelihood of GBP breaking clearly above this level is not high. On the other hand, if GBP breaks the strong support level at 1.2165, it would mean that it will be difficult for it to rise to 1.2340.
EUR/USD rises to 1.0600 as US Dollar recovery stallsHello dear friends!
Currently, EUR/USD is challenging the 1.0600 level after finding new demand in the early Asian trading session on Wednesday. The recovery of this currency pair is reinforced by the pause in the overnight recovery of the US dollar. The next focus for Euro traders is the German IFO survey.
On the technical analysis chart, after EU returned to the EMA activity zone and tested the price trendline, there are signs of a potential price increase. If the Euro rises above 1.0610, it will alleviate downward pressure and the upward momentum may continue if it consolidates above 1.0640, and even higher at 1.070.
What about you? Do you think the Euro will rise or fall in the near future?
BTCUSD: Exploding transactions!Hello dear friends!
BTCUSD continues to trade at $33,822, staying near its 18-month high on Tuesday.
The world's largest cryptocurrency has surged this week, rising 10% on Monday, driven by increasing speculation that a bitcoin exchange-traded fund (ETF) is soon to be launched.
"The development of the ETF market always means a developing market in the context of cryptocurrencies."
"If Bitcoin is bought by ETF funds, the price will increase... It is very likely that the launch of one or more physically-backed ETFs could lead to the next big price surge across the entire cryptocurrency ecosystem."
Gold price "BOOMING" at the end of the transactionDear beloved friends,
Today, gold concluded its trading session with a significant surge in price. This precious metal has reached a high level of approximately $1932, experiencing a substantial increase of $63.53 in just one day.
You may wonder why the price has risen so drastically.
Regarding international market information:
- Gold prices soared at the beginning of the trading session in the United States due to a stronger demand for safe-haven assets. This heightened demand is a result of escalating tensions between Israel and Hamas.
- If the conflict in the Middle East continues to escalate, gold prices may continue to rise as they did during the previous conflict between Russia and Ukraine.
Outcome:
- This ongoing conflict will continue to impact both crude oil and gold prices, causing an increase in both commodities. In this context, gold becomes a safe haven for investors, leading to an unexpected surge in its value, resembling an explosion.
Regarding technical analysis and price prediction for gold in the future:
- Gold has surpassed both the 34-day and 89-day exponential moving averages (EMA), indicating a strong possibility of further price increases.
- Currently, gold is operating near a resistance level at $1935, with immediate support at $1905. Overcoming the $ 1935 resistance will open up the opportunity to increase the price for this precious metal towards higher levels at 1945 and 1965 USD as on the 4H analysis chart.
USDJPY increased violentlyDear friends, Currently, escaping the price range has caused the product to weaken without surpassing the resistance level of 150,000. At the time of writing, the UJ currency market is trading at 149.63.
Regarding technical analysis:
The upward trend is still being strongly reinforced without any breakthrough yet, as every time frame indicates the rising trend of the currency pair. However, this short-term psychological decline seems to be a major obstacle for investors to buy in. It is not excluded that USDJPY may continue to slightly decrease to the support zone of 148.94 before the upward momentum is reinforced again. What is your viewpoint on this matter?
EUR is losing value with declineDear friends, the Euro is facing difficulties in surpassing the 1.06 USD threshold as investors prepare for the upcoming meeting of the European Central Bank over the weekend. At the time of writing, EURUSD is trading at 1.058.
On another note, strong economic data from the United States, along with ongoing conflicts in the Middle East, have increased demand for the US dollar. Therefore, it shows that the decline will start from here.
From a technical perspective:
On the 1D, this currency pair is showing an upward trend, but it is currently experiencing a breakthrough here, with an expected decline to 0.964. What are your thoughts on my analysis?
GBPUSD trading strategy for this weekDear valued readers, Escaping the seasoning of prices has caused a significant increase in the product's value. At the time of writing this article, the British Pound currency is trading at a level of 1.2270. The upward trend is very strong due to support from the adjustment of the US Dollar (USD), along with improved risk sentiment.
In my opinion, an adjustment will occur here, but maintaining the increase at this level is expected. This price increase is projected to reach 1,233. What are your thoughts on this issue? Do you agree with me?
BTCUSDT responded to the bear, the upcoming big pushDear valued readers, The cryptocurrency market has experienced an impressive price surge, as the excitement surrounding Exchange-Traded Funds (ETFs) has driven up the price of BTC. At the time of writing, the cryptocurrency market is currently trading around $34,000, reflecting a 20% increase over the past seven days. The strong upward trend is reinforced by consistent trading activity on a daily basis.
As a result, there is great anticipation for the impending approval of ETFs, particularly following the SEC's decision not to appeal the court ruling that requires them to consider Grayscale Investment's ETF application. This has contributed to an even hotter market than ever before. It is expected that this price surge will reach $40,019. What are your thoughts on this matter? Do you agree with me?
EUR increased sharply, USD decreased heatDear valued readers, Escaping the price dilemma has significantly caused the product to increase in value. At the time of writing this article, the EUR currency is trading below the resistance level of 1.070. The upward trend is strong as it is consolidated at a high level with stable trading activity on the 1-hour timeframe.
The depreciation of the USD has greatly benefited the EUR/USD, causing it to appreciate. This has contributed to making the market hotter than ever. It is expected that this price increase will reach 1.080 USD. What are your thoughts on this issue? Do you agree with me?
EURUSD increased when the dollar decreased heatHello dear friends!
In recent days, the USD has been weakening and strengthening the EUR significantly. Let's delve deeper into this currency with Karina!
The USD has declined against other currencies in the recent trading session, following the decrease in the US Treasury's interest rates, as traders anticipate new economic data from the US later this week.
Previously, the interest rates of US Treasury bonds had surged since mid-July, contributing to the attractiveness of the USD and helping the DXY index increase by over 6%. However, this index has shown little volatility since the beginning of October. "It is surprising that both the sell-off of long-term bonds and the situation in the Middle East, as well as the safe-haven asset status, are unable to continue driving the USD."
The depreciation of the USD has greatly benefited the EUR/USD, causing it to rise in value. Currently, the EUR/USD is trading at 0.0684, marking a 0.15% increase for the day. The short-term upward trend is indicated on the 4-hour time frame, and if the EUR/USD maintains its momentum, it may reach resistance at a high level according to Fibonacci retracement levels at 1.080.
BTCUSDT increased this weekDear friends, The cryptocurrency market is experiencing an impressive price surge. At the time of writing, the cryptocurrency market is trading below the 36,000 USD mark. The upward trend is strong as it remains at a high level with stable trading activity on the 4-hour time frame.
Interest in Bitcoin ETF has increased towards the end of October 23, with "positive signs" indicating that BlackRock's ETF is getting closer to approval. Additionally, the US Appeals Court has issued an order requiring the Securities and Exchange Commission to review Grayscale's Bitcoin ETF registration application. These actions have made the market hotter than ever. It is expected that this price increase will reach 41,002 USD. What are your thoughts on this matter? Do you agree with me?
Short -term analysis for today's strategy!Hello traders! This will be a short-term analysis for today.
On the chart, the price range is narrowing with the potential for a significant breakout expected, which could lead to a decline in XAUUSD due to its recent downtrend. However, this decline is likely just a corrective move as the overall upward trend is still being reinforced by the ongoing volatility in the Middle East conflict.
According to Nolan's analysis today, the decline could retrace towards the support zone at 1960 - 1955 USD before bouncing back from this level. The target remains at 2000 USD for the next upward move.
USDJPY is not enough to pass the resistance of 150,000Hello traders!
The increase in USDJPY's increasing motivation continues to be weakened when this pair of money has not overcome the 150,000 resistance. Instead, from the slight decline of this pair of money on the 4 -hour time frame. Although signs of decline are not there, this psychological resistance seems to be a big obstacle for investors to buy.
No except the possibility if USDJPY continues to decrease slightly to the supporting area of 149.00 before the increase is strengthened
EURUSD: Restoration of price beginsHello traders.
EURUSD is on a significant recovery stage. From this currency briefcase chart, the trend has decreased significantly, significantly improving the prospects of the euro and showing the potential to increase prices further.
By using this fibonacci, this recovery increase is aiming for resistance targets at 1,076 (level 1,618 of Fibonacci)