After escaping from its downtrend, Solana entered into a pullback which is now testing the breakout point found at $19. if the price breakedown the level 19$, it can bearish below the $18.5 area.
The pair is weighed down by a renewed US Dollar uptick, helped by higher US Treasury bond yields. Traders ignore mixed EU PPI data ahead of mid-tier US economic data. The EURUSD pair resumes its negative trading clearly to surpass 1.0782 level and confirms the continuation of the bearish trend domination for the rest of the day, and the way is open to head...
KEY POINTS: U.S. equity index futures red: Nasdaq 100 down >1% Initial jobless claims 201k vs 225k estimate Euro STOXX 600 index down >1% Dollar, crude up slightly; gold declines; bitcoin off >1.5% U.S. 10-Year Treasury yield surges to ~4.49%
Gold prices stabilized near their lowest levels in two weeks, today, Wednesday, and the possibility of the price continuing to decline due to the impact of the rise in US bond yields on the attractiveness of the metal, while traders await US inflation data that may determine the course of the Federal Reserve’s interest rates (the US central bank).
British Pound falls to 3-month low against US Dollar UK house prices fall sharply BoE’s Bailey is non-committal about the September rate decision According to these indicators, the price is expected to decline in the medium term
The GBP/JPY sees contracting resistance from late August’s peak near 186.75, with lower highs tapping out a descending trendline. The near-term floor has been priced in near 183.45, and 4-hour chart technical indicators are beginning to flash oversold conditions. if buyers regain control of the market and spark a solid rebound off current levels, trendline...
The EUR/USD extended its rebound from the 200-day Simple Moving Average (SMA), rising for the third consecutive day. The pair has surpassed the 20-day SMA, which is currently turning flat, indicating a positive outlook for the Euro, that stands at the 100-day SMA. The daily chart also shows bullish momentum remaining intact. On the 4-hour chart, EUR/USD seems to...
The ADAUSDT pair is suffering from negative pressure represented by its movement in a major downward trend in the short and medium term, with the continuation of the negative pressure due to its trading below its simple moving average for a period (20,100,200). In addition, we notice negative signals also appearing in the relative strength indicators, despite...
XAU/USD trades in the green for a fourth consecutive day, but the bullish potential seems limited. The pair is meeting sellers around the 38.2% Fibonacci retracement of the $1,981.98/$1,885.25 slide at $1,921.86. The daily chart shows that Gold is battling to overcome a bearish 20 Simple Moving Average (SMA), which remains far below the 100 SMA. Finally,...
The trend will reverse after three touches of the support area at the level of 316 and there will be an attempt to break through the resistance area at the level of 345
The bearish momentum of the AGIXUSDT pair will increase in strength after its reversal from the resistance level of 0.47 to reach the support level of 0.285 after breakout the historical resistance area at the level of 0.285.
According to the 1h analysis, 1904.00 is a resistance level. If the price break 1904.00 then we are looking for a long opportunity or if the price only test 1904.00 then we are looking for a short opportunity. The price of gold is likely to rebound again with the recovery of demand from global central banks to buy gold. I think the price will reach the support...
I expect the price to reverse at the historical resistance at R1 to reach the S1 support area in 1h frame.
The continued strength of the US dollar helped in the collapse of the GAL price (especially after US reports indicating an increase in retail sales in July) to touch the support levels 1.1, the lowest in two months, however, it seems that it has reached the buying levels of the RSI, I expect the price to rise after Retest the current support level and expect its...
On the mounthly timeframe, the pair USDCAD has been bullish in last year. It dropped after touching the resistance at 1.38, I expect the pair to continue falling until it touches the support line at 1.2, according to the two scenarios (sin1 and sin2).
MACD rises above the signal line, the signal is bullish, suggesting that the price of the asset might experience upward momentum in 1h fram>
I expect the price to continue falling to the support level and reversing upwards until the price level is reached to the price 6.35 at 1h frame.