The dynamics of Bitcoin trading are ever changing and the failed breakout on The 1-hour chart is a a stark reminder of the volatility and uncertainty inherent in cryptocurrency markets Whether Bitcoin will bounce back or continue its descent is a question only time will answer For now traders should brace for a potential test of the green support line and...
Having said that ceilings are meant to be broken If it happens it would take the USDJPY to the highest Level
GBPUSD moving average and a key trend line at Should bullish continue in the near term particular focus should be placed on the As always
XAUUSD While there were some hawkish elements in the guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and very easy fall soon gold
GBPJPY selling expected at the last meeting removing the tightening bias but reaffirming that they will keep low
BTCUSD The decision was significantly more offensive than expected since most analysts expected the bank to change its guidance since inflation has remained at an
So buyers had a shot on the rise after Australia employment data That shot failed against the topside trendline and the subsequent move back between the cluster of movingly averages
EURUSD Therefore the pair may resume the down ward trends sincerely it has formed a break and retest pattern If this happened the next point to watch
yesterday broke above the counter trendline and rallied strongly as the buyers piled in aggressively following the Fed decision and the breakout The price is now a bit overstretched As depicted
XAUUSD will hold its March meeting this week Although the central is largely expected to keep its policy settings unchanged the institution led by Jerome Powell could modify its forward guidance and adjust its outlook in the quarterly summary of economic projections in light Of gold
The pair has dropped below the lower side of the ascending channels which connects the lowest swing sincerely It has moved below the Period Arnaud Legoux Moving Average
In the dynamic landscape Of cryptocurrency observing and interpreting market trends is paramount for anyone engaged in trading or investing In My latest analysis of Bitcoin BTCUSD I've captured a pivotal movement indicating a potential shift in its market trajectory This analysis leverages the most current data and technical indicators to shed light for Bitcoin
and the daily 21 moving average. This is where we can expect the buyers to step in with a defined risk below the support to position for a rally back to the highs The sellers on the other hand will want to see the
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against...
In the bigger pictures Up trends from low is in progress Medium term outlook will stay bullish as long as support holds Next target is long term resistances
The GBP/USD pair continued to rebound after the latest UK GDP numbers showed that the economy returned to growth
EURUSD Jerome Powell hinted that the Fed was convinced that inflation was still bullish and that The bank was hopeful that it would start cutting rates later this year
I am happy to hold a long position and I think it is wisest to look for long trades. Two consecutive higher hourly closes above the all time high of $73054 could be a good entry signals