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Resistence

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
EUR/USD dips below 1.0800, forecasting a notable declineEUR/USD pair broke below the 1.0800 threshold on Thursday, hitting a new low for March at 1.0773-1.0774. Despite bouncing back from such lows, the pair still maintains a negative tone and stability around the 1.0790 price level. The US dollar has benefited from positive comments from the Federal Reserve officials, with Governor Chris Waller confirming that the central bank is not keen on swiftly cutting interest rates. Of note, the US dollar has gained momentum from upbeat remarks by Federal Reserve officials. Governor Chris Waller even affirmed that the central bank has no intention of hastily reducing interest rates. In the near term, the 4-hour chart also continues to support the downtrend as EUR/USD remains below the 39 and 89 EMA lines, indicating the potential for a significant decline. Other technical indicators continue to decrease into negative territory, reflecting increased selling pressure.
by Ariana_alila
Will BTC maintain its price in the previous ATH zone?Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality. The RSI indicator and the STOCH indicator show that we are maintaining the movement above the upper limit, which could potentially result in a recovery that would provide a healthy correction and gather energy for new increases.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price has broken lower from the local upward trend line. Let's start by determining the support and, as you can see, first we have a visible support zone from $69,984 to $69,553, and then there is support at the level of $68,307. Looking the other way, we see the price rising above the first resistance level at $70,147, the next one is at $70,678, and then it is worth marking the resistance zone from $71,067 to $71,561. Looking at the volume indicator, you can see two green candles, but they are much weaker than the previous red candles, indicating a local downward trend. On the RSI indicator, we have approached the middle of the range, which still leaves room for a price decline.
by cryptodailyuk
BNB?USDT 1HInterval Chart ReviewHello everyone, let's take a look at the 1H BNB to USDT chart, as we can see the zena is staying above the upward trend line, and locally we can see an upside exit from the triangle. Let's start by setting goals for the near future that we can include: T1 = $570.8 T2 = $592.50 T3 = $608.4 AND T4 = $627.6 Now let's move on to the stop-loss in case of further market declines: SL1 = $547.1 SL2 = $535.3 SL3 = $514.6 AND SL4 = $482.4 Looking at the RSI indicator, it can be seen that it has returned to the upward trend, with room for a possible continuation of growth. However, on the STOCH indicator we can see that it is approaching the upper limit, but it also has some room before recovery.
by cryptodailyuk
SAVMUSDT Stalls at Monthly Hurdle: Pullback or Re-Test Incoming?SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future. Technical Analysis: Resistance: $8.506 (Monthly) Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot) Volume: (Not mentioned in the provided text) Key Observations: SAVMUSDT is encountering resistance at a crucial level on the monthly chart. Overcoming this hurdle could signal a continuation of the uptrend. The recent price rejection suggests a potential pullback or a retest of this resistance zone in the future on the daily chart. If the price falls, it could find support at $7.391 (daily), followed by $6.630 (daily) and then $5.449, which is a significant support level on the monthly chart (monthly pivot). Conversely, a successful breakout above $8.506 could lead to further gains towards $9.246 (second daily resistance) and potentially reach $10.666. SMA 200 can play a pivotal support role for SAVM Conclusion: The inability to break through the $8.506 resistance on the monthly chart suggests a potential pause in the uptrend. Traders should closely monitor the price action around this level. If the price pulls back, established support levels exist at $7.391 (daily), $6.630 (daily), and $5.449 (monthly pivot). Conversely, a breakout above resistance could signal a surge towards $10.666. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
by behnoudt
3
BTC in the support zone againHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price has created a downward trend channel, from which it tried to get out at the top, but currently it is returning to the channel. The return to the falling channel also brought a return to the strong support zone from $64,643 to $62,206, further support is visible at $59,042, but if the supports are broken, we can see a dynamic downward movement towards the zone from $53,034 to $49,936 . Looking the other way, when the current zone maintains the price and we go above the channel again, we can see an increase to the resistance at $68,853, and then the price may again attack the previously created ATH at $73,816.
by cryptodailyuk