Get started

Sma

Forecast GBP/USD trend: The Price will Continue to DeclineGBP/USD broke below last week's support zone and hit a weekly low near 1.2540 on Tuesday. Although it recovered to reach a two-week high at 1.2700, it couldn't sustain this momentum and pushed GBP/USD lower towards the week's end. Looking at the chart, we observe that the Relative Strength Index (RSI) is currently below the 50 threshold, around 46. If prices remain in this range, or even drop lower, there's a possibility of a prolonged downtrend. On the other hand, the Simple Moving Average (SMA) is gradually adjusting, indicating a potential for further price decreases in the near future.
by Ariana_alila
1
Analyzing USD/JPY: Recent Trends and Future OutlookOver the past two weeks, the USD/JPY currency pair has experienced relatively little volatility, maintaining a stable level. However, notable is the robust growth of the US Dollar (USD), which has propelled the USD/JPY pair to recover from lower price levels and reach below the 151.00 threshold. Meanwhile, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA) continue to indicate an upward trend for USD/JPY. If prices continue to rise and approach the 152.00 mark, there may be a correction before this currency pair transitions into a stronger upward trend. Furthermore, investors and traders should consider market factors such as news, economic-political developments, and price fluctuations to achieve desired trading outcomes. Keeping a close eye on these factors will enable you to make informed decisions and navigate the market effectively.
by Ariana_alila
Strategies For Trading Amid USD/JPY FluctuationsThe Japanese Yen (JPY) is striving to leverage its strength to reach its highest level in over two weeks. However, the strength of the US Dollar (USD) has prompted a strong recovery in the USD/JPY currency pair, surpassing the 151.00 threshold. This breakthrough indicates a short-term downward trend, as a crucial support level has been breached. Despite the robustness of the US Dollar (USD), there are predictions that the Japanese government will intervene in the market to support the Japanese Yen (JPY). This intervention could help minimize the depreciation of the JPY and create balance in the market. Furthermore, technical indicators such as the RSI and SMA suggest that prices will trend upwards. Despite the strength of the US Dollar (USD), the potential of the JPY still remains, and the market may be preparing for a short-term adjustment before continuing its long-term growth trend. Therefore, investors and traders should exercise caution and closely monitor market developments and news to manage their trades successfully and efficiently!
by Daisy_Anna
1
EUR/USD Trend Analysis in the Upcoming PeriodAfter the release of the Nonfarm Payrolls and Unemployment Rate reports, there was a boost in the growth of the US Dollar (USD), leading to a decrease in the EUR/USD exchange rate. This reaction was clearly reflected on the technical chart, as the price broke below the significant support level at 1.0800, indicating a strong signal for further depreciation of this currency pair. Furthermore, the Relative Strength Index (RSI) is expected to continue its downward trajectory and may dip below the 50 level, indicating an increase in selling pressure in the market. The breach of the support level at 1.0800 could pave the way for a subsequent decline, nearing the next support levels at 1.0724 and subsequently at 1.0700. Anticipated that in the current scenario, selling pressure will persist and the EUR/USD could face further downward momentum in the near future.
by Ariana_alila
EUR/USD Pair Declines as Non-Farm Payrolls Beat Expectations After the Non-Farm report was released, the Euro experienced a slight decrease of 0.13% against the US Dollar, pushing the EUR/USD exchange rate down to 1.0800 after peaking at 1.0847 earlier in the day. On Friday, the US Bureau of Labor Statistics (BLS) revealed that the economy had added more jobs than expected. Nonfarm payroll increased by 303K, surpassing both estimates and the previous figure of 270K. Other data indicated a decrease in the unemployment rate from 3.9% to 3.8%, alongside positive adjustments in average hourly earnings. On the technical chart, the price dropped below the 1.0800, setting the stage for a decline in the EUR/USD pair. The Relative Strength Index (RSI) is trending lower, approaching below the 50 mark. Breaking the 1.0800 support level could further drive the price downwards towards the subsequent support levels at 1.0724 and 1.0700.
by Daisy_Anna
Bitcoin Price Analysis: Short-Term Decline or Upside Adjustment? Although the price of Bitcoin is currently experiencing a short-term decline, the possibility of a more significant downward adjustment cannot be denied. If the price surpasses the support level at 66,460, we may witness a deeper decline, continuing to touch lower support levels. However, in this volatile context, when looking at the chart, we see that the RSI indicator is currently stable around the 55 level, and maintaining or even increasing towards 60 could forecast an upcoming price increase. This indicates that despite the short-term adjustment, the potential for Bitcoin price appreciation is still maintained and may become clearer in the near future. Nevertheless, it's important to monitor news and market developments for informed and effective trading decisions.
OANDA:BTCUSD
by Ariana_alila
Bitcoin's Price Movement In the Upcoming PeriodAlthough Bitcoin is currently experiencing a short-term decline, the possibility of a significant downturn should not be overlooked. If the price surpasses the crucial support level at 66,460, we may witness a deeper decline as the price continues to touch lower support zones. However, in this volatile scenario, examining charts and conducting technical analysis is paramount. The Relative Strength Index (RSI) is currently trading steadily around the 55 mark, and maintaining this level or even rising to 60 could forecast an upcoming period of price increase. This indicates that despite short-term adjustments, the potential for Bitcoin price growth remains intact and may become clearer in the near future.
OANDA:BTCUSD
by Daisy_Anna
GBP/USD Plunges Below 1.2600 Amidst USD SurgeIn recent US trading sessions, the GBP/USD currency pair has dropped below the 1.2600. This sharp decline has been driven by the strong rise of the USD, indicating robust and stable growth in the US economy. Technical charts illustrate this significant adjustment, with indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI) clearly showing the trend. Specifically, the SMA 20 is gradually trending downwards, indicating increasing selling pressure and the potential for continued decline in the near future. The RSI surpassing the overbought level also signals that the market is being pushed too far, and a correction is inevitable. With these developments, it's evident that the GBP/USD pair is facing strong selling pressure. The rapid ascent of the USD poses significant challenges for the GBP, and investors need to be cautious of the possibility of further declines.
by Ariana_alila
USD Strength Sends GBP/USD Below Key Support Level of 1.2600In a recent US session, the market witnessed a sharp correction in the GBP/USD currency pair as prices dipped below the crucial 1.2600 level. This pronounced decline was propelled by the strong surge of the USD, indicating robust growth and stability in the U.S. economy. The downward momentum was also reflected in technical indicators such as the Simple Moving Average SMA and the Relative Strength Index RSI. Observing the chart, we can readily see the RSI entering overbought territory, a clear signal that the downward pressure is intensifying. These signals raise a strong warning that the price of this currency pair is likely to continue its downward trend.
by Daisy_Anna
Analysis USD/JPY Market TrendDuring the first half of the European trading session, the Japanese Yen (JPY) experienced daily declines, reaching its lowest point in over two weeks against the US Dollar (USD). This downward movement was spurred by a significant strengthening of the USD, further supported by remarks from Federal Reserve officials overnight. Technical analysis based on indicators such as Simple Moving Average (SMA) and Relative Strength Index (RSI) has indicated a clear downward trend in prices. If the price breaks below the 151.00 support level, a sharp decline is anticipated, with further support levels being sought thereafter.
by Daisy_Anna
PY Dips Following USD MomentumThe Japanese Yen (JPY) retreated to daily lows in the first half of the European trading session after reaching its highest level against the US Dollar (USD) in over two weeks. This decline could be attributed to further USD buying activity, bolstered by hawkish overnight remarks from Federal Reserve officials. From a technical standpoint, breaking below the 151.00 support level could be seen as a breach of the short-term trading range. Consequently, any subsequent price slides are likely to encounter solid support levels below. Technical analysis indicates that the price has dipped below the simple moving averages (SMA), particularly the SMA 20, as it crosses beneath the SMA 50 and SMA 100, indicating a stronger downward trend. Additionally, the Relative Strength Index (RSI) is approaching the 50 level, signaling a significant weakening.
by Ariana_alila
EUR/USD Continues Downward Spiral: Nearing Key Support LevelEUR/USD continues its downward trend since Thursday, edging closer to the 1.0830 threshold during the Asian trading session on Friday. The strength of the USD is still being bolstered by market caution, likely influenced by political tensions in the Middle East. Based on technical analysis, it's evident that the corrective trend of the price is aiming towards the 1.0847 level, yet prices persist below this zone, indicating a potential continuation of the downward trend. Technical indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI) also show clear signs of further price decline. Once the price breaks through the support level at 1.0830, there's a possibility that this currency pair will continue to seek further support levels below.
by Ariana_alila
Technical Analysis: EUR/USD Downtrend Strengthens Near 1.0830 The EUR/USD pair continues to experience declines, edging closer to the 1.0830 level during Friday's Asian trading session. Meanwhile, the USD remains stable, supported by market caution, although it faces the risk of being impacted by escalating geopolitical tensions in the Middle East. On the technical chart, the Simple Moving Average SMA 20 is trending downwards and is expected to intersect and cross below SMA 50, indicating that the downtrend is being reinforced. However, the possibility of a price rally cannot be ruled out. The Relative Strength Index (RSI) is currently hovering around the 50 level, and if prices remain within this range and rise above the 55 mark, it would signal a potential short-term uptrend.
by Daisy_Anna
Potential for Price Correction in the upcomning periodThe price of gold declined to $2,285 in the Asian trading session on Friday, following its record high above $2,300 in the previous session. This fluctuation reflects market dynamics amidst geopolitical risks in the Middle East and expectations of monetary policy easing from the Federal Reserve, which have fostered optimism for gold price growth. Technical analysis of the XAU/USD chart indicates a prolonged upward trend in gold prices for seven consecutive days, followed by a slight downward adjustment. There is a possibility of a significant price correction as technical indicators begin to retreat from overbought levels. Based on current technical indicators, XAU/USD is likely to continue its upward trajectory after undergoing some corrective measures. However, monitoring market reactions and other key financial factors remains essential for assessing the market's subsequent direction.
OANDA:XAUUSD
by Daisy_Anna
2
BTC Market Trend AnalysisLooking at the chart, we can see that the price is currently below the moving averages (SMA). Specifically, the SMA20 line has crossed both the SMA50 and SMA100 lines, and is moving downwards, significantly diverging from both SMA50 and SMA100. This clearly indicates that the market is undergoing a pronounced downward trend. Furthermore, upon examining the Relative Strength Index (RSI), we also observe that it is below the average level. This indicates the strength of selling pressure and suggests signs of impending price decline.
OANDA:BTCUSD
by Ariana_alila
1
GBP/USD Sets Recovery Target Amid UK Economic GrowthThe GBP/USD pair has set a target to extend its recovery time to the highest level within a week, reaching 1.2660 in Thursday's trading session in London. This is the result of positive growth in the UK economy. Meanwhile, the US Dollar is showing weakness due to the ISM Services PMI data from the United States. The decline in US economic activity has reduced the value of the USD against the GBP. Technical analysis shows that the price has crossed above the simple moving averages SMA 20 and SMA50, indicating the possibility of a short-term uptrend. If the price breaks above the SMA 100, it could experience a stronger rally. The Relative Strength Index (RSI) is currently oscillating in the 60 range, indicating growth in the price trend. This provides a positive outlook for the GBP/USD currency pair in the near future on the international market.
by Ariana_alila
USD/JPY Weakens Amid BoJ's Cautious OutlookIn the European session on Thursday, the USD/JPY pair continued to experience a period of weakness. The subdued outlook from the Bank of Japan (BoJ), with predictions of continued monetary policy easing in the near future, coupled with inflationary risks, are the primary factors contributing to the weakening of the Japanese yen. This suggests that despite speculations of intervention from the Japanese government to support the domestic currency, speculators have still been unable to significantly diminish the value of the JPY. From a technical analysis standpoint, the price surpassing the simple moving averages (SMA) indicates a positive signal for further upward movement. The Relative Strength Index (RSI) has also exceeded the average level, further affirming the upward trend of this currency pair. Should the price surpass the 152.00 threshold, we can anticipate a strong continuation of the USD/JPY upward trend.
by Ariana_alila
EURUSD Resilienced Amid Weakening USDIn the context of the weakening US dollar (USD), the Euro has begun to recover and rise again. The decline of the US dollar has created favorable conditions for the Euro, leading many investors to shift their focus towards the Euro currency. On the 4-hour chart, the Relative Strength Index (RSI) has increased to the 67 level, indicating the strength of the upward momentum and the potential for further price increases in the near future. The Euro has also surpassed simple moving averages such as the SMA 20 and SMA 50, and is currently approaching the SMA 100. This suggests a short-term uptrend in prices. If the price continues to surpass the SMA 100, a stronger upward trend is expected, possibly reaching the next resistance levels on the chart.
by Ariana_alila
Gold Hits 2300 Mark and Forecasted Price AdjustmentGold continues to rise, touching the record high of 2300 USD at the start of the Asian session on Thursday after the ISM Services PMI data came in lower than expected, predicting that the Federal Reserve will undergo a rate cut. Looking at the 4-hour chart, we can see that the RSI indicator is in overbought territory, indicating the possibility of further price increases for gold. Additionally, the 20-period SMA is trending upwards and is far from other SMAs, indicating that the uptrend is still intact. However, surpassing the 2300 USD mark may raise concerns about the sustainability of the uptrend. Investors should pay attention to price adjustment signals, especially when the RSI is overbought, posing a risk for a short-term correction.
OANDA:XAUUSD
by Ariana_alila
Gold continued rising and reached a new resistance level at 2288Gold continued its ascent on Tuesday, pushing XAU/USD to a new high of 2276.90 in the US trading session. However, the US Dollar experienced a slight decline early in the session and lost further ground after Wall Street opened, despite generally optimistic US economic data and relatively uninspiring US economic indicators. As the trading session shifted to Asia, the price of gold continued to climb to a new high of 2288. On the 4-hour chart, the upward trend of XAU/USD remains intact. The Simple Moving Average (SMA) 20 continues its strong upward trajectory and remains significantly above the SMA 50 and SMA 100. The Relative Strength Index (RSI) is currently in overbought territory, indicating the market's bullish momentum. However, some investors are hopeful that prices will correct towards the support level around 2230 and potentially break through to seek support at 2190 and 2170.
OANDA:XAUUSD
by Ariana_alila
Bitcoin's Decline Amidst Pressure from the Strength of the USDThe price of Bitcoin remains stable but is facing challenges due to pressure from a strong US Dollar amidst investor uncertainty about whether the US will change interest rates, especially ahead of key labor market data to be released this week. Technical analysis on the 4-hour chart shows that the price of Bitcoin is currently below the moving averages SMA 20, 50, and 100, indicating that the market is in a downtrend and may continue to decline in the near future. The Relative Strength Index (RSI) is currently at 40, also indicating a sign of price decline. If the price continues to maintain this level, there is a possibility that Bitcoin will undergo a significant price decline in the coming time.
OANDA:BTCUSD
by Ariana_alila
3
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