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Resistence

Analysis of GBPUSD Market TrendsThe GBP/USD pair has shown signs of recovery and maintained stability near the 1.2580 level at the start of the European trading session on Wednesday. Based on technical analysis, on the 4-hour chart, the Relative Strength Index (RSI) continues to remain below 50, indicating ongoing selling pressure. Furthermore, the pair is currently trading below the simple moving averages (SMA) of 20, 50, and 100, suggesting that GBP/USD is continuing to sustain a downward trend.
by Ariana_alila
EUR/USD Strategy for This WeekOn the 4-hour chart, the EUR/USD pair is maintaining sideways movement around zone 1.0770 - 1.0760. Analysis Simple Moving Averages SMA 20 and SMA 50 indicates a downward trend phase. If the price breaks below the support level of 1.0724, this could lead to a stronger downtrend and may be tested further support levels . However, the possibility of a price increase cannot be ruled out entirely. The Relative Strength Index (RSI) has crossed above the 45 level, suggesting short-term upward potential for the EUR/USD pair in the near future. This could result in a short-term recovery before the official downtrend begins, but additional signals should be monitored to confirm the market direction.
by Ariana_alila
ETH/USDTHello everyone, let's look at the 1H ETH to USDT chart as we can see that the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $3,454 T2 = $3,603 T3 = $3,710 AND T4 = $3,845 Now let's move on to the stop loss in case of further market declines: SL1 = $3,189 SL2 = $3061 AND SL3 = $2,884 Looking at the RSI indicator, you can see how we remain low below the downward trend line, while the Stoch indicator approached its trend line, which may trigger a rebound again, it is worth watching whether the downward trend will be broken.
by cryptodailyuk
Forecast the trend of gold for todayBased on technical indicators, the gold market is currently continuing its upward trend. However, the possibility of a decline in the near future cannot be ruled out. For today, it is conceivable that gold may retreat to the support level of 2229, followed by a potential rebound. However, if the price of gold breaks below the support level of 2229, there is a possibility for a significant downturn. This necessitates investors to carefully consider and monitor market developments in order to make informed investment decisions.
OANDA:XAUUSD
by Ariana_alila
1
Analyzing USD/JPY: Short-Term Price Appreciation OutlookBased on technical analysis, recent price action continues to reflect a phase of consolidation in the upward trend following a strong rebound from the lowest level in March. Additionally, other technical indicators on the chart remain positive and have not reached overbought territory. This suggests the potential for short-term price appreciation in the USD/JPY currency pair. However, caution is advised, and further confirmation is awaited for a breakthrough above significant resistance around the 152.00 level established last week before considering any further bullish actions.
by Ariana_alila
The price of gold continues The price of gold XAU/USD has recorded a significant increase, reaching nearly $2,250 at the start of the Asian trading session on Monday, attracting investors' attention amid expectations regarding the Federal Reserve's monetary policy, political tensions in the Middle East, and hopes for China's economic recovery. Furthermore, traders will focus on China's Caixin Manufacturing PMI and the ISM Manufacturing PMI of the United States. If the US PMI reports better-than-expected results, it could boost the value of the USD and limit the upward momentum of gold in the upcoming period
OANDA:XAUUSD
by Ariana_alila
1
GBP/USD analysis: Buy or Sell?Based on the indicators on the 1-hour chart, Relative Strength Index (RSI) is hovering around 40 and the price is below the 20, 50, and 100 Simple Moving Averages (SMA), indicating a downward trend phase. If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future. Conversely, if the price shows signs of reversal and begins to recover, it is likely to encounter resistance around the level of 1.2640.
by Ariana_alila
Euro/USD continues to sustain a downward trendCurrently, the price of the EUR/USD currency pair is hovering around the level of 1.0780. Based on technical analysis, the overall trend in the market is showing a downward movement for this currency pair. One of the commonly used indicators, the Relative Strength Index (RSI), is below the 50 level, indicating a weakening buying momentum in the market. Additionally, the price of this currency pair is below the 20, 50, and 100 Simple Moving Averages (SMA), confirming that the downward trend is still intact.
by Ariana_alila
1
Expectation for EUR/USD for the first week of ApirilLast week was quite interesting, especially given the EUR/USD orderbook had four very strong levels of resistence making up over 50% of the sell side weighted volume (Thursday). The lower range was pushed down from previous levels, also indicating buyers are calling for lower prices. The orderbook still has quite a bit of pressure on the sell side, even though the bulls hold the market, albeit thinly, at the close of Friday's session. While Monday may bring a bullish gap, I believe the coming week will see more tug-of-war motion between the bulls and bears, but ultimately, the prices will be driven down lower. While there is a good chance the market may test the 1.073 range, I don't see any evidence that it will be broken, yet. For the next month or so, I believe the market is going to remain in its current ranged area, perhaps with minor expansion.
Short
by RobertD7723
BTC/USDT 8H Chart ReviewHello everyone, let's look at the 8H BTC to USDT chart, as we can see, the price has emerged from the triangle at the top and is currently moving along the established upward trend line. Let's start by setting goals for the near future that we can include: T1 = $71,112 T2 = $73,880 AND T3 = $77,415 Now let's move on to the stop-loss in case of further market declines: SL1 = $69085 SL2 = $67,523 SL3 = $64,892 AND SL4 = $63,056 Looking at the RSI indicator, it seems that the local upward trend has been broken, which indicates a transition to a downward trend, while on the STOCH indicator we are in recovery, but here a slight price movement brought the indicator to the middle of the range, which may later translate into a greater price rebound.
by cryptodailyuk
Consider short-term buying of Euro in the upcoming periodBased on the daily timeframe analysis, we observe that the price of Euro is currently below both the EMA 34 and EMA 89 lines. Particularly, the EMA 34 is trending downwards and shows signs of crossing below the EMA 89 in the near future. This indicates a potential downtrend for the Euro towards the support level at 1.0709. Investors and traders may need to pay attention to short-term trading opportunities in this context, with profit potential from buying into the mentioned support zone. However, monitoring market trend developments and other technical signals is crucial to ensure accurate and effective trading decisions.
by Ariana_alila
USD/JPY is holding steady at 151.40 and is expected to declineTechnical analysis indicates that the EMA 34 has crossed above the EMA 89, forecasting a continuation of the upward trend. However, the USD/JPY is currently moving sideways and stabilizing around 151.40, and forecasted decline due to the cautious stance of the Bank of Japan (BOJ) on interest rates. Japanese Finance Minister Suzuki expressed concern about the volatility of the USD/JPY and readiness to intervene to ensure exchange rate stability, emphasizing the importance of currency stability.
by Ariana_alila