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BNB/USDT 1DInterval ReviewHello everyone, welcome to the BNB review on a one-day interval. As we can see, the price left the bottom of the uptrend channel marked with blue lines, what's more, leaving the channel downwards also gave a drop below the EMA Cross 20o and thus a return to a strong downtrend. Let's start by marking the support spots for the price and we can see that first we have a very strong support zone from $240 to $210 which is currently holding the price, however if the price goes lower we can see a drop to around $172. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting the first resistance at $251, the second resistance is at $270, the third is at $286, and further we have a very strong resistance zone from $301 to $323. The CHOP index indicates that the energy is gaining more and more strength, the MACD indicates a return to an uptrend, while the RSI had a strong rebound and now we can see a rebound, but also that there is plenty of room for the price to continue to grow.
by cryptodailyuk
SOL !DInterval ReviewHello everyone, I invite you to review the SOL chart in pair to USDT, as before, using a one-day interval. First, we will use the blue lines to mark the downtrend channel in which the price is currently moving. Moving on, we can move on to marking support areas when we start a larger correction. And here the first one that currently holds the price is $13.34, then we have a second very strong support at $12.09, and then a third very strong support at $7.99. Looking the other way, we see that the price has hit the first resistance at $16.19, if we manage to break above that resistance, then we have a second resistance at $18.22 and then a very strong resistance zone from $19.95 to $21.62, only when the price breaks it will move towards the resistance at $24.08. Please look at the CHOP index, which indicates that we may see some major movement, the MACD is on the verge of returning to an uptrend, while the RSI has a slight increase, but we are still at the lower end of the range, which gives a lot of room for the price to go up.
by cryptodailyuk
BTC 1D Intervval Review Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the downtrend channel in which the BTC price is moving, what's more, we can see that we are in the upper part of the designated channel. Now we can move on to marking the places of support in case of returning to the correction. And here the first significant support is at $25305 which held the price from falling further, however when the price goes lower, the second support is at $23926 at the so-called gold point of 0.618 FIB, then we have a third very strong support at $22017. Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. First, we will mark the resistance zone from $26,288 to $27,177 where the price is currently located, when we manage to break it, we have a second zone from $27,933 to $28,651. Once these two zones are broken we will move towards resistance at $29672 and then price will attempt to attack the resistance at $31014. It is further worth mentioning that the price briefly fell below the EMA Cross 200, but very quickly returned above the moving average 200, which maintained a long-term uptrend. Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates the transition to an uptrend, while the RSI is moving around the middle of the range, which may indicate that the price will try to attack the upper border of the current resistance zone.
by cryptodailyuk
ADA/USDT ChartReviewHello everyone, I invite you to review the ADA chart in pair to USDT, on a one-day interval. First of all, we will use the blue lines to mark the uptrend channel from which the price has gone down and we are currently moving below the downtrend line. As we can see, the exit from the channel resulted in a decrease in price, similar to the size of the channel itself. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is currently holding a strong support zone from $0.28 to $0.23, however, if the support does not hold the price, we can see the price drop quickly to the next support at $0.10. Looking the other way, we see that the first resistance is at $0.31, when the price breaks it, the second resistance will be at $0.34, then we have a strong resistance zone from $0.37 to $0.40, only when price breaks it, it will move towards the resistance at $0.46 for it to continue rising. Please look at the CHOP index, which indicates that we have touched the end of the range and now we can see the price turnaround, the MACD indicates that we are in a downtrend, while the RSI has a large rebound below the lower limit of the range, which in combination with the CHOP index can give room for growth prices.
by cryptodailyuk
GBPUSD I FOMC trading plan and levels to watch Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
2
EURAUD I Potential move higher with Employment Change ReportWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the downtrend channel in which the BTC price is moving. Further, we can see that the price bounces in a place just before the EMA Cross 200 line, which indicates the continuation of the long-term uptrend. Now we can move on to marking support areas in case of deepening correction. And here we first have support at $24868, but when the price goes lower we have very strong support at $24049, then third support at $23361 and fourth support at $22672. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here the first significant resistance will appear at the price of $28069, then the second resistance at the price of $29725, the third resistance at the price of $31102, only when the price breaks it will move towards the resistance at $32441. Please pay attention to the CHOP index which indicates that we have a lot of energy for the next price movements, the MACD indicator indicates a downward trend, while the RSI shows a visible rebound, but there is still room for the price to go down to lower levels in the coming days.
by cryptodailyuk
1
Inflation & Geopolitical Context should support Gold in MidtermNonetheless, Q1 2023 gold fundamentals were still interesting and most likely, the Central Banks' interest in gold could continue for much longer. In our view, the current inflationary and geopolitical environment will still support the yellow metal in mid-term, at least for the next 12-24 months. Gold Demand Trends Q1 2023 (Mixed picture for gold demand in Q1) Continued momentum in central bank buying and resurgent Chinese consumer demand contrasted with a negative contribution from ETFs and weakness in India. Q1 gold demand (excluding OTC) was 13% lower y/y at 1,081 tonnes (t). Inclusive of OTC, total gold demand strengthened 1% y/y to 1,174t as a recovery in OTC investment – consistent with investor positioning in the futures market – offset weakness in some areas. Demand from central banks experienced significant growth during the quarter. Official sector institutions remained keen and committed buyers of gold, adding 228t to global reserves. Bar and coin investment gained 5% y/y to 302t, concealing some large regional variations. In contrast, net negative demand for ETFs, although modest at -29t, generated a hefty y/y decline compared with the sizable inflows seen in Q1’22. Global jewellery consumption was virtually flat at 478t. Jewellery fabrication exceeded consumption as stock building added just over 30t to global inventories. Gold use in the technology sector continued to suffer from the challenging economic climate. Demand slumped to 70t – the second lowest quarter in our data series back to 2000. Modest growth in both mine production (+2%) and recycling (+5%) led to a marginal increase in Q1 total gold supply to 1,174t. The uptick in recycling was largely a function of higher gold prices. The LBMA Gold Price (PM) averaged US$1,890/oz during the quarter, marginally higher y/y. The price was over 10% higher than the previous quarter’s average, almost matching the Q3’20 record high. China saw a strong relief rally in the first post-COVID quarter of unfettered consumer spending. The recovering domestic economy and healthy income growth reignited domestic consumption, while the eye-catching gold price performance spurred investment interest. Indian demand fell sharply as local gold prices applied the brakes . Record high – and volatile – domestic gold prices discouraged both investment and jewellery consumption during the quarter. Investment dominates the outlook for 2023. We continue to see healthy upside for investment this year, while the picture for fabrication (jewellery and technology) is more muted. Further robust central bank buying is expected, albeit below 2022’s record. Modest growth is likely in both mine production and recycling. In conclusion , in addition to waiting with confidence for Q2 data, in short term the gold price could be slightly high to increase institutional appetite, but we think that any downward peak will be seen by Central Banks as an interesting opportunity to add value to their reserves. Conversely, but only in the short term, speculators could lighten some positions by taking part in the profits. Technically speaking , in near term, gold could trigger some bearish consolidation as we have shown in our previous analysis. (Click & Play on chart below to follow it) Trade with care! Like 🚀 if my analysis is useful. Cheers!
OANDA:XAUUSD
by TheAnonymousBanker
2
FTM/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the FTM chart also on a one-day interval. At the beginning, with the help of yellow lines, we will mark the downtrend channel in which the price is moving at its lower limit. As we can see the price has fallen below the EMA Cross 200 line, the place where the price falls below this line is a confirmation of going into a strong downtrend, as in this situation. Now let's move on to marking the support points for the price in a situation where the correction will continue to deepen and we see that the price is in front of a very strong support at $0.26, however, if the support is broken, we can see a drop to the next support at 0, $17. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $0.37, then we have second resistance at $0.42, then there is a strong resistance zone from $0.46 to $0.50. The CHOP index indicates that the energy is slowly gathering strength, the MACD remains in a downward trend but is close to a trend change, while the RSI has been moving at the lower end of the range for some time, which may indicate the approaching end of the current correction in the coming days.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, taking into account the one-day interval. First of all, with the help of yellow lines, we will mark the uptrend channel in which the price is currently moving at its lower border. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see the first support that is currently holding the price is $1851, then we have a support zone from $1687 to $1555, however when the price drops below this zone we can see a drop around the strong support at 1423 $. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $1916, from which the price bounced several times, the next resistance is at the price of $2230, and then the third resistance at the price of $2553. When we turn on the EMA Cross 200, we can see that they indicate an uptrend. The CHOP index indicates that we have a lot of energy for the upcoming move. The MACD indicator indicates the transition to a downtrend. On the other hand, the RSI is moving around the middle of the range, which makes it difficult to clearly determine the upcoming price direction.
by cryptodailyuk
Follow me: Attention! Gold continues to be bullish today! ! !The closing price of gold yesterday was 1965, and the daily chart formed a saturated Yang line, indicating that the market is still relatively strong. Then in the afternoon, the lowest level on the disk was back to 1961, and it is often difficult for a strong market to fall below this point. If there is an unexpected retracement, then focus on around 1950, which is the 61.8% position of the golden section from 1937-1970. So the direction of operation : today it is recommended to continue buying above 1960, with a stop loss of 1950~1955. If there is a loss, then step back to 1950 and continue to buy, and the target position continues to look at 1975-1980
TVC:GOLDLong
by ActuaryJ
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line that the price is moving at the moment. Locally, we can mark the downtrend channel with blue lines. Now we can move on to marking the places of support in case of returning to the correction. And here we see that the first support is at $26480 which the price is currently based on, then we have the first strong support at $25261 which held the price in the recent rebound, then the third support at $24023 and then the very strong support at $24023 $22,350. Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. First, we will mark a very strong resistance zone from $28665 to $29463, only when the price breaks it will we move towards the resistance at $30502, and then when the price breaks it, it will open the way towards the resistance at $33426. Please note the CHOP index which indicates that there is still a lot of energy for the upcoming moves, the MACD indicator indicates a return to the downtrend, while the RSI is moving in the lower part of the range, but with room for the price to go a little lower.
by cryptodailyuk
12
GBPUSD I It will be heading downward Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart on a four-hour interval. At the beginning, we will use blue lines to mark the uptrend channel from which the price is currently breaking sideways. Importantly, we are just below the EMA Cross 200, it is important that the price maintains this level and returns above 200 to continue the uptrend. We will now move on to marking the price support locations and we see that we first have support just below the price at $300.6, but if the price goes lower, we have another support at $284.8, then at $269.2 and another support at $247.4. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently at a very strong resistance zone from $309 to $330, when it manages to break out above this zone, the price will move towards strong resistance at $359.7 and further towards resistance at $398 $. The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates a trend change to an uptrend, while the RSI has a rebound and is in the lower part of the range, which is important that the rebound on the indicator gives room for new price increases.
by cryptodailyuk
5 Key Factors Shaping US Dollar Trading This WeekThe US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week: US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt ceiling of $31.4 trillion, aiming to avoid a default. He has now called on Congress to pass the deal asap. Fitch ratings will remove the “negative watch” rating on the United States when the deal passes or looks likely to pass congress. The debt ceiling agreement has potentially weakened the safe-haven appeal of the US dollar, leading to an increase in risk appetite in global markets. The Personal Consumption Expenditures price index, the Federal Reserve's favored inflation measure, rose by 4.4% in April compared to the previous year, up from the 4.2% increase observed in March. This development has raised the probability of a 25-basis-point interest rate hike by the Federal Reserve in June. Due to the Memorial Day weekend in the US, as well as bank holidays in Europe and the UK, Monday will experience reduced market liquidity. Additionally, institutions are preparing for month-end trading on Wednesday, which could introduce more volatility. The US payrolls report for May will be released on June 2nd. Recent months have consistently shown better-than-expected job figures. It is anticipated that this week's job numbers will indicate an addition of 180,000 jobs, with a slight increase in the unemployment rate to 3.5%. A tighter job market will reinforce the Federal Reserve's hawkish stance, with strong wage data also providing support if the actual figures surpass estimates.
TVC:DXY
by BlackBull_Markets
BTC/USDT 1daychart Review Hello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line from which the price went down, while we are currently moving in the downtrend channel, for which we used the blue line. Now we can move on to marking the places of support in the event of a correction. And here we see that the price is at the support level of $26640, then it is worth marking a strong support zone from $25289 to $23939, however, when we fall below this zone, we can see a drop to around $22028. Looking the other way, in a similar way using the fib retracement tool, we can determine the places of resistance. We will first mark a strong resistance zone from $29,008 to $29,880 when it is broken, then we have a second support at $31,023 and then a third support at $34,201. Please pay attention to the CHOP index which indicates that we have a lot of energy, the MACD indicator is on the verge of returning to an uptrend, while the RSI is moving in the lower part of the range, but it is worth noting that a small upward movement gives a visible movement on the indicator, which in the long run can quickly limit room for price increases.
by cryptodailyuk
1
USOil | New perspective for the week | Follow-up detailOil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which could result in a huge gap at the beginning of the incoming week. In this video, we acknowledged the consolidation phase (between 70 and 74 zones) - a range that will be a determinant of price action in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
Daily BTC 1DChart - LONGTERMHello everyone, I invite you to every Friday review of the BTC chart on a one-day interval. Let's start by marking the main uptrend line with a yellow line, and as we can see, the price remains above it despite the current correction. Next, it is worth marking the local downtrend channel in which we are currently moving. At this point, it is worth separating the upward movement into two stages and we can see that when we spread the Fib Retracement tool on the first one, we will notice that during the first upward movement, the correction reached the level of 0.618 FIB, which was a very strong support for the price. Now we can move on to the second stage of the current increases, but here we will start by marking the uptrend channel from which the price went down, in such a situation you can often observe the price going down by the height of the trend channel, and as you can see we are approaching this place. Now we will spread the Fib retracement grid from low to high to see what level the price can reach in the current correction. As in stage one, the price is approaching a strong support zone from $ 25342 to $ 23964, however, when the price falls below this zone, the next strong support is at $ 22088. Now we can move on to checking what resistance the price has to overcome in order to continue the bullish trend. However, we will not mark individual resistances, because in this situation, the price must first break through the very strong resistance zone from $ 28832 to $ 32467, only when the price breaks out and then the zone is positively tested, we will be able to see further increases in the market. As we can see further, the price, despite the correction, remains above the 200 EMA Cross, which indicates the maintenance of a long-term uptrend. Index Chop indicates that there is still energy to continue the move, MACD remains in a downtrend, while the RSI is approaching the lower limit of the range, which usually indicates an upcoming trend reversal, but please remember that in the short term the price may go lower to the previously marked zone.
by cryptodailyuk
2
Daily ETH 1DChart - ReviewAs the second chart in today's review, we will check ETH against USDT, also on a single-day timeframe. First, we will use the yellow line to mark the main downtrend line that the price is approaching, previously we managed to exit the first downtrend line. We are currently moving similarly to the example of BTC in the uptrend channel marked with blue lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see, we have the first support at $ 1858, which has held the price for now, then we can mark a strong support zone from $ 1678 to $ 1517, but when the zone is broken, then we have a second zone from $ 1382 up to $ 1168. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at $ 2230, the next resistance at $ 2550, and then the third resistance at $ 3010. Nevertheless, a very important level will be the resistance at the so-called golden point of the Fib retracement at $ 3350. Please look at the CHOP index which indicates that there is a lot of energy to move. The MACD indicator is on the verge of entering an uptrend. On the other hand, we observed a rebound on the RSI and we currently have an upward movement, with room for further movement.
by cryptodailyuk
1
BTC Dominance ! 1D Review Hello everyone, I invite you to review the current dominance of BTC over the rest of the market. First, we will use the blue lines to mark the sideways trend channel in which we are moving and here you can immediately see that we are in its upper limit, what is more, we are staying above the uptrend line. Now we will go to check where we have support when BTC starts to lose against the entire market. And here we have the first support at 46.59 %, then the second support at 45.1 %, the third support at 43.9 %, and then the fourth support at 42.7 %. It is worth checking the percentage of BTC dominance, because the lower the value, the more other coins gain. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First we have resistance at 49.2 % which is a very strong resistance and the upper limit of the ongoing sideways channel, when we manage to break it we have second resistance at 50.7 % then third at 52 % and then fourth resistance at 53 %. Please pay attention to the CHOP index, which indicates that most of the energy has been used, the MACD indicator indicates entering a local downtrend, while the RSI shows a small rebound, but we are still high, which may indicate a deeper correction.
CRYPTOCAP:BTC.D
by cryptodailyuk
CHFJPY I Trading plan and important considerationsWelcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
10
USDJPY I Dollar surging over the yen due to BOJ decisionWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
4