Bitcoin takes off when the Fed levelsToday, BTCUSDT tends to increase with this currency currently fluctuating around $ 69,400.
The market predicts the Federal Reserve may temporarily suspend the interest rate increase cycle, capable of weakening the dollar and promote the attraction of Bitcoin as an alternative asset. In addition, the increasing investment of organizations in Bitcoin has contributed to the positive motivation for the cryptocurrency market.
Technical analysis: BTCUSDT is currently checking the trend of increasing trend at a support level around $ 69,500. If the price is held on this trend and surpasses EMA 34 and EMA 89 (currently $ 70,765 and $ 70,768), the price increase will be strengthened. The next goal may be in the range of $ 72,000 - $ 73,000.
Longsetup
EURUSD increased sharply: Target 1,095?Hello everyone!
EURUSD is witnessing an impressive increase after a long decline, this pair of money has been stable around the threshold of 1,087 and has not shown signs of stopping.
Looking at the time frames, the strong growth trend of EURUSD brings clear optimism. However, the current pair of money is under the resistance level immediately at 1,088. The passing of this level will lead to an increase in price while maintaining this level will lead to decreasing prices.
With the current situation, it is likely that the 1,0857 milestone may be tested to check the reaction with EMA 34 and 89 lines before the market offers a more definitive direction.
The upcoming goal? 1,090 and further than 1,095.
I wish you a lot of luck and profit!
BTCUSDTHello all dear traders!
BTCUSDT is trending up today with the coin currently hovering around $72,300.
Technically, although BTCUSDT is rising, there are clear signs of overbought conditions with immediate resistance at $73,300 and the higher high at $74,000 yet to be broken. This could lead to consolidation or a pullback in the short term.
However, given the overall market structure, Bitcoin could be on the verge of exploding higher in the coming months.
XAU! 10/31! FOMO price increase continues $2800XAU / USD trend forecast October 31, 2024
Gold prices reached a record $2,790 in the North American session as uncertainty surrounding the US Presidential Election keeps investor demand high. Strong US economic data, reflecting steady growth and a solid jobs market, limited further gains in the metal. XAU/USD currently trades at $2,785, up 0.40%, just below the all-time high after rebounding from a daily low of $2,771. Meanwhile, US Treasury yields dipped as investor optimism grew around the Fed's soft-landing outlook.
The FOMO of the end of 2024 price increase is becoming extreme - gold becomes the top active investment asset right now. We will see the highest ATH in the end of 2024, then cool down and give market share to other types.
/// SELL XAU : zone 2798-2801
SL: 2806
TP: 50 - 200 - 300 pips (2771)
Safe and profitable trading
$2802 ! New ATH heading to XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold.
Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions.
⭐️Personal comments NOVA:
still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2802 - $2804 SL $2809
TP1: $2795
TP2: $2780
TP3: $2770
🔥BUY GOLD zone: $2757 - $2755 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GBPUSDHello everyone!
I was quite surprised by the GBPUSD movement yesterday when there was a double-sided sweep and it is currently at 1.2966.
But! Looking more objectively on the 1-day timeframe we can see that GBPUSD is being squeezed at the upper limit of the ascending channel and the breakout from the previous support is putting pressure on the pair.
In the short term, I still favor selling targeting the lower part of the ascending channel at 1.2700.
Good luck
EUR/USD: Opportunity to profit from resistance!Hello all dear traders!
After yesterday's important economic news, we saw a pretty impressive breakout of EUR/USD, but the pair is currently trading slightly lower at around 1.084, down around 0.06% on the day.
This downside correction is largely due to the USD rising slightly on positive signals from the US economy. However, there is an important supporting factor for EUR/USD: the market is gradually losing confidence in the possibility of a strong ECB easing in the near future. This helps limit the downside momentum of the currency pair, allowing EUR/USD to hold firm against the pressure from the USD.
From a technical point of view, I see that EUR/USD could gain some more upside momentum thanks to the nearby 34 EMA, which acts as an important support zone in the short term. But! Any upside momentum is likely to face resistance at around 1.087 and is likely to correct back to support to test liquidity before a clearer upside momentum emerges.
Wishing you all a successful and profitable trading day!
EURUSD: The trend of increasing dominant!Hello all my dear friends, the third day has started, wish you lots of energy!
Currently, the EUR/USD pair is stable around 1,0810 and works well on the price channel to 1 hour.
Despite the US dollar consolidated in the early morning of Asia in Tuesday. On the other hand, the price increase of the US dollar shows some signs of fatigue when the dollar index (DXY) returns to the recent peak at nearly 104.60 before falling to 104.30 at the delivery session. The end of the translation ends, thereby supporting the continued increasing trend of this pair of money.
I wish you a lot of profits!
Gold prices fall from peak, $2,800 still in sight!Hello everyone!
Gold (XAU/USD) has declined after hitting a fresh record high in the early European session on Wednesday and is currently trading around $2,782, still up 0.27% on the day.
From a technical perspective, the overnight breakout above the trading range is seen as a fresh impetus for the bulls. The subsequent upside move has pushed the price of gold towards the extended rising trendline resistance, currently anchored near the $2,780-$2,785 region, which could act as a strong hurdle amid a slightly overbought Relative Strength Index (RSI) reading on the daily chart, suggesting a correction is possible. However, the uptrend remains intact and sustained strength above the said barrier could push XAU/USD further towards the $2,800 mark and beyond as indicated.
Gold continues to heat up!Hello all dear traders!
The world gold price continues to heat up in the context of the US presidential election season reaching its peak on November 5. Meanwhile, US economic data shows a very strong increase in the number of new jobs compared to the forecast. The country's gross domestic product increased at an annual rate of 2.8%. The US Federal Reserve (FED) policymakers are expected to cut interest rates by 0.25% next week, which could continue to benefit the safe-haven precious metal.
As can be seen on the 1-hour chart, the technical uptrend along with support from the nearby EMAs 34 and 89, shows that the bullish outlook remains intact without any risks. Furthermore, the recent consolidation around the 2790 - 2777 range and the unbroken price wedge suggest that gold prices are likely to accelerate to around $2800 and beyond.
Wishing you all the best of luck in your trading!
XRP finally ready to take off ?xrp is finally getting bullish based on date range i would not take long for it to take of.looking like a big double choppy bottom. if we see the fixed range volume profile of the session traded from may 2021 to april 2022 we see the VAH at around $1.05. also this is in confluence with the trend based fib extension 1. so $1.05 would be my first target for xrp. offcourse it could go higher. around $1.48 is also a realistic target based on the 1.618.
also on the monthly candle we see a bullish engulfing candle. overall XRP is looking good and ready to take off. but dont overleverage because the chart is super choppy.
cheers!
LTCUSDT Long Setup Setting / Risky but Why not?BINANCE:LTCUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 68.45-66.76
⚡️TP:
69.43
70.50
71.90
🔴SL:
64.89
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
XAU ! 10/30 ! Bulls dominate - continue to make ATHXAU / USD trend forecast October 30, 2024
Gold opened the week slightly lower, down 0.15%, pressured by rising US Treasury yields as markets gear up for significant US economic data that could influence the Federal Reserve’s policy direction. Traders are also watching the November 5 US election closely, with FiveThirtyEight showing Trump's odds at 52%, versus 48% for Vice President Kamala Harris, though she maintains a narrow lead in most national polls.
Strong uptrend - helping gold reach highest ATH 2782. Uptrend maintained going forward - Higher ATH: 2787 - 2800
/// SELL XAU : zone 2800-2803
SL: 2808
TP: 50 - 200 - 300 pips (2773)
Safe and profitable trading
ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Descending Broadening Wedge Pattern. And the price pullbacks from support zone.
There is an instant resistance area and if it sustain here then we will see a bullish move
💸Current Price -- $2678
📈Target Price -- $3310
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR
EUR/USD ! 10/29/24 ! move in trend, recoveryEUR/ USD trend forecast October 29, 2024
EUR/USD pulls back from recent gains, trading near 1.0810 in early Asian hours on Tuesday. The pair retests the upper edge of the descending channel, potentially signaling a bearish trend. The 14-day RSI hovers just above 30; a dip below would indicate oversold conditions, hinting at a possible upward correction soon.
Gold price moves within 2 H1 downtrend bands - waiting to touch the lower trend and recover
/// BUY USDJPY : zone 1.07950 - 1.07750
SL: 1.07450
TP: 60 - 100 - 250 pips (1.10250)
Safe and profitable trading
Gold swing trade for the week 27 October Gold swing trade for the coming week
Expecting Gold to retrace to previous support at 2736 and continue to 2760.
Method
Parallel channels from previous areas and Fibonacci retracements .
We have had previous high levels of support at 2735.7 expecting this to hold again.
Entry criteria
Wait for levels break and retest is the safest entry
Expecting
240 to 280 pips
As always trade safe don't overleverage
BTCUSDT long using proprietary multi-timeframe trend detectionBTC has maintained the H1 short term trend (13D EMA) throughout the tail end of the New York session, the entire Tokyo session and now the London session. For the coming hours it will be quite interesting to gauge wether we see a reclaim of 73000. This is a crucial psychological and once support is found there if reclaimed today, we'll likely find the spring to catapult us to a new all time high.
Entry: 72528
SL: 71666
TP: 77777
Short term I'd like to see the H4 close back above 73.4k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.
GBP/USD Brief UpdateGBP/USD is currently recovering from the lows due to the weakening USD amid market expectations that the Fed will pause its rate hike. However, the pair is still moving cautiously around 1.3000 in the European session on Wednesday, as traders await key releases: the UK Autumn Budget, the US ADP jobs data, and the Q3 Preliminary GDP report due later in the day.
On the technical chart, the support level of 1.2970, defined by the 34-day EMA, remains as a stable pivot. At the same time, the recent bearish wedge breakout is reinforcing the uptrend, suggesting that buyers are in control in the medium and long term. Victor expects that, in the short term, GBP/USD will continue to move upwards with the next targets on H1 at 1.3050 and 1.3100.
Get ready for the wave and good luck trading!