The analysis on EUR/USD reveals strong bearish pressure, pushing the cross to its lowest level since mid-February, dipping below the 1.0751 mark. The daily chart shows EUR/USD confined within a 20-pip range below the 1.0804 level, corresponding to the 61.8% Fibonacci retracement of the previous rally from 1.0695 to 1.0982. On the 4-hour chart, the 20-period SMA is...
Based on the above analysis, it can be concluded that despite the current slight correction in gold prices, the long-term outlook remains positive. Inflationary pressures, Federal Reserve monetary policies, and other factors such as significant government debt all create favorable conditions for a bullish gold price environment. Gold continues to be an attractive...
A large supercycle wave is composed of smaller supercycle waves. Each supercycle wave consists of multiple cycle waves. A cycle wave is made up of primary waves. Primary waves are formed by intermediate waves. Intermediate waves are composed of minor waves. Minor waves are made up of minute waves. Minute waves are composed of minuette waves. Minuette waves are...
1. Tenkan-Sen crosses Kijun-Sen from below to above, with the crossover point below the Kumo cloud. 2. Senkou-Span A crosses Senkou-Span B from below to above, causing a change in Kumo cloud color. 3. Chikou-Span is above the price line and the wider the gap, the better. If all these signals occur simultaneously, investors may execute a Buy order in favor of the...
Bollinger Bands Reverting to Test the Center Range.RSI and MACD Analysis: Utilizing Technical Indicators for Buy and Sell Signals in Gold Trading" "When RSI touches the overbought zone and signals a sell, MACD quickly follows suit with a downward crossover, also indicating a sell. Subsequently, the price experiences a sharp decline. Next, RSI moves down to the...
The basic entry in the Sonic R. System is referred to as the "Classic" entry. Following the initial Classic entry, there are sometimes pullbacks that create opportunities for a "Probe" re-entry. At times, even before the Classic setup forms, price action alone suggests early Probe entry opportunities. Two examples of early Probe entry opportunities are: 1....
ADX, like Stochastic or RSI, is another oscillating indicator. It fluctuates between 0 and 100, with readings below 20 indicating a weak trend and readings above 50 signaling a strong trend. ADX doesn't determine whether the current trend is bullish or bearish. It merely measures the strength of that trend. Therefore, ADX is often used to identify ranging markets...
Bitcoin, the pioneer cryptocurrency, continues to reshape the financial landscape, attracting attention from investors and analysts worldwide. Here, we provide insights into Bitcoin's current dynamics through the perspective of a financial expert. Bitcoin's Origin: Emerging in the aftermath of the 2008 financial crisis, Bitcoin represents a departure from...
In the ever-changing financial landscape, the Euro (EUR) remains a pivotal currency, subject to various influences and market dynamics. Recent developments have shed light on the complexities and opportunities within the EUR market. Key factors impacting the EUR's trajectory include economic data releases, central bank policies, and geopolitical events. Despite...
Using Exponential Moving Averages (EMAs) can help identify trends earlier, but they may also produce more false signals. On the other hand, Simple Moving Averages (SMAs) react slower to price movements, which can help filter out unusual price fluctuations and false signals. However, their slower reaction may cause traders to miss out on some good entry...
EUR/USD trades in positive territory above 1.0770 during the US session on Tuesday. Although data from the US was slightly better than expected, the US Dollar still struggled to find demand and help the pair move higher.
In the realm of finance, gold remains a steadfast asset, drawing attention from investors seeking stability and security. As a seasoned financial analyst, I offer fresh insights into the current state of the gold market. Gold's recent performance has been marked by fluctuations influenced by various factors, including economic data, geopolitical tensions, and...
In the dynamic world of finance, Bitcoin (BTC) continues to captivate investors, serving as a focal point for discussions and speculation. As a seasoned financial analyst, I offer fresh perspectives on the current state of the BTC market. Bitcoin's recent movements have been characterized by volatility, driven by a myriad of factors including institutional...
After hitting the bearish target as per the previous analysis, BTC retraced slightly to form a large triangle pattern. We hope that this triangle support can withstand the selling pressure, and if successful, the next bullish target is the triangle resistance level at 70920.34. However, if this pattern is broken down, I will provide a new analysis.
Gold has surged past the $2303 mark following the release of ISM Services PMI data, with predictions of a Federal Reserve rate cut (Feb) adding to the momentum. Technical indicators like RSI and SMA indicate the sustained uptrend, laying a solid foundation for further gold price increases. However, caution is warranted regarding potential price corrections in...
Warm greetings to all precious metals enthusiasts! Despite a slight correction, gold remains resolute in its elevated position, indicating continued bullish sentiment. Currently trading around $2256, down a modest 156 pips from yesterday, gold is undergoing corrective movements following a robust rally. Looking ahead, gold is supported by safe-haven demand amid...
Gold prices (XAU/USD) enter a phase of bullish consolidation at the start of the European session, hovering within a narrow band around the $2,260 to $2,265 region, marking a new record set this Monday. Investors now seem convinced that the Federal Reserve (Fed) will begin cutting rates in June, a sentiment reaffirmed on Friday by the US Personal Consumption...
A strong bullish trend is evident in the gold market. The zone between 2177 - 2170 has solidified as a strong support level, previously serving as a significant resistance. There is still liquidity to be tapped into at the higher levels. Moreover, with the current economic context marked by uncertainties and global issues, there are ample reasons for the...