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Analyzing USD/JPY: Short-Term Price Appreciation OutlookBased on technical analysis, recent price action continues to reflect a phase of consolidation in the upward trend following a strong rebound from the lowest level in March. Additionally, other technical indicators on the chart remain positive and have not reached overbought territory. This suggests the potential for short-term price appreciation in the USD/JPY currency pair. However, caution is advised, and further confirmation is awaited for a breakthrough above significant resistance around the 152.00 level established last week before considering any further bullish actions.
by Ariana_alila
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
LTC/USDT - Long term view | Buy now and HODL #LTC/USDT #Analysis Description --------------------------------------------------------------- + The LTC price has decisively broken out from the resistance line and is now heading towards the next resistance level. + In the previous bull run, we observed a similar pattern that resulted in substantial profits for traders. + I anticipate a comparable pattern emerging in this bull run, indicating the potential for significant profits with this trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 102 Stop Loss: 62 ------------------------------ Target 1: 142 Target 2: 180 Target 3: 226 Target 4: 389 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading capital Leverage: 3x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
1000SATS - Resistance breakout | Long Trade #1000SATS/USDT #Analysis Description --------------------------------------------------------------- + The price has reached the resistance line for the fifth time, and there are indications that it may finally break out. + I perceive a promising opportunity for a LONG trade should the price successfully breach this resistance line. + Let's exercise patience and wait for the breakout confirmation before entering the trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:0.0005535 Stop Loss: 0.0004856 ------------------------------ Target 1:0.0005936 Target 2: 0.0006501 Target 3: 0.0007405 ------------------------------ Timeframe:1H Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
5
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
Decline in the Yen (UJ) impacts the Dollar (USD)During the past trading week, the USDJPY currency pair closed at 151.342. This signifies that within the market context, the Japanese Yen has maintained its strength against the US Dollar. Based on these developments, the forecast for the upcoming week is for the downward trend to persist. From a technical standpoint, charts and technical indicators have indicated a significant decline in USDJPY. This occurrence typically arises when concerns regarding the US economy emerge. Additionally, from a fundamental perspective, economic data has also pointed towards some uncertainties surrounding the US economy, leading to an increase in demand for the Yen (UJ). This could potentially result in a depreciation of the Dollar (USD) against the Yen (UJ) in the upcoming period.
by Ariana_alila
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
Gold price analysis for the week aheadIn the serene atmosphere of the Easter holiday, the price of gold is currently holding at an all-time high of $2,236 USD. Most major markets around the world remain closed, despite the US releasing its core PCE inflation figures, a preferred inflation gauge of the Federal Reserve. Investors are expressing confidence in gold as they anticipate the Federal Reserve to cut interest rates three times in the coming months. Looking at the weekly chart, there are still indications that the price will continue to rise in the near future. However, it is expected that in the upcoming week, the price may experience a short-term retracement towards the support level around $2080, before resuming its upward trajectory.
OANDA:XAUUSD
by Ariana_alila
2
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
Gold Forecast is to riseWhile US bond yields are rising, the price of gold continues to trend upwards. Strong statements from a Federal Reserve policymaker and positive economic data from the US have kept both the US dollar and gold stable. Currently, XAUUSD has increased by more than 1.20%. The upward trend in gold remains intact after surpassing the previous peak at 2,223 and establishing a new high at 2,236. This trend is expected to continue without signs of weakening. Technical indicators also support this positive trend. Therefore, the likelihood of price increases is higher if buyers continue to hold gold trading prices higher, paving the way for a challenge to the $2,300 level. However, if XAU/USD drops below $2,200, consider selling gold, with support likely around $2,146. This could lead to a significant decline in the price of gold, pushing XAU/USD down to $2,100 and subsequently to $2,088
OANDA:XAUUSD
by Ariana_alila
1