GBPUSD: The motivation to increase prices but not sustainableHello dear friends!
GBP rose by 0.69% yesterday. The upward momentum has increased, albeit not by much. Today, GBP may test the level of 1.2290 before the risk of a pullback increases. The highest expected level around mid-October, near 1.2340, is unlikely to materialize. Support stands at 1.2225, followed by 1.2200.
After dropping to a low of 1.2093 last week, GBP has rebounded and reached a high of 1.2258 yesterday. The upward momentum seems to be forming, and GBP may rise to the level of 1.2340 in the coming days. At this stage, the likelihood of GBP breaking clearly above this level is not high. On the other hand, if GBP breaks the strong support level at 1.2165, it would mean that it will be difficult for it to rise to 1.2340.
Intradaytrade
EUR/USD rises to 1.0600 as US Dollar recovery stallsHello dear friends!
Currently, EUR/USD is challenging the 1.0600 level after finding new demand in the early Asian trading session on Wednesday. The recovery of this currency pair is reinforced by the pause in the overnight recovery of the US dollar. The next focus for Euro traders is the German IFO survey.
On the technical analysis chart, after EU returned to the EMA activity zone and tested the price trendline, there are signs of a potential price increase. If the Euro rises above 1.0610, it will alleviate downward pressure and the upward momentum may continue if it consolidates above 1.0640, and even higher at 1.070.
What about you? Do you think the Euro will rise or fall in the near future?
BTCUSD: Exploding transactions!Hello dear friends!
BTCUSD continues to trade at $33,822, staying near its 18-month high on Tuesday.
The world's largest cryptocurrency has surged this week, rising 10% on Monday, driven by increasing speculation that a bitcoin exchange-traded fund (ETF) is soon to be launched.
"The development of the ETF market always means a developing market in the context of cryptocurrencies."
"If Bitcoin is bought by ETF funds, the price will increase... It is very likely that the launch of one or more physically-backed ETFs could lead to the next big price surge across the entire cryptocurrency ecosystem."
Gold price "BOOMING" at the end of the transactionDear beloved friends,
Today, gold concluded its trading session with a significant surge in price. This precious metal has reached a high level of approximately $1932, experiencing a substantial increase of $63.53 in just one day.
You may wonder why the price has risen so drastically.
Regarding international market information:
- Gold prices soared at the beginning of the trading session in the United States due to a stronger demand for safe-haven assets. This heightened demand is a result of escalating tensions between Israel and Hamas.
- If the conflict in the Middle East continues to escalate, gold prices may continue to rise as they did during the previous conflict between Russia and Ukraine.
Outcome:
- This ongoing conflict will continue to impact both crude oil and gold prices, causing an increase in both commodities. In this context, gold becomes a safe haven for investors, leading to an unexpected surge in its value, resembling an explosion.
Regarding technical analysis and price prediction for gold in the future:
- Gold has surpassed both the 34-day and 89-day exponential moving averages (EMA), indicating a strong possibility of further price increases.
- Currently, gold is operating near a resistance level at $1935, with immediate support at $1905. Overcoming the $ 1935 resistance will open up the opportunity to increase the price for this precious metal towards higher levels at 1945 and 1965 USD as on the 4H analysis chart.
USDJPY increased violentlyDear friends, Currently, escaping the price range has caused the product to weaken without surpassing the resistance level of 150,000. At the time of writing, the UJ currency market is trading at 149.63.
Regarding technical analysis:
The upward trend is still being strongly reinforced without any breakthrough yet, as every time frame indicates the rising trend of the currency pair. However, this short-term psychological decline seems to be a major obstacle for investors to buy in. It is not excluded that USDJPY may continue to slightly decrease to the support zone of 148.94 before the upward momentum is reinforced again. What is your viewpoint on this matter?
EUR is losing value with declineDear friends, the Euro is facing difficulties in surpassing the 1.06 USD threshold as investors prepare for the upcoming meeting of the European Central Bank over the weekend. At the time of writing, EURUSD is trading at 1.058.
On another note, strong economic data from the United States, along with ongoing conflicts in the Middle East, have increased demand for the US dollar. Therefore, it shows that the decline will start from here.
From a technical perspective:
On the 1D, this currency pair is showing an upward trend, but it is currently experiencing a breakthrough here, with an expected decline to 0.964. What are your thoughts on my analysis?
GBPUSD trading strategy for this weekDear valued readers, Escaping the seasoning of prices has caused a significant increase in the product's value. At the time of writing this article, the British Pound currency is trading at a level of 1.2270. The upward trend is very strong due to support from the adjustment of the US Dollar (USD), along with improved risk sentiment.
In my opinion, an adjustment will occur here, but maintaining the increase at this level is expected. This price increase is projected to reach 1,233. What are your thoughts on this issue? Do you agree with me?
BTCUSDT responded to the bear, the upcoming big pushDear valued readers, The cryptocurrency market has experienced an impressive price surge, as the excitement surrounding Exchange-Traded Funds (ETFs) has driven up the price of BTC. At the time of writing, the cryptocurrency market is currently trading around $34,000, reflecting a 20% increase over the past seven days. The strong upward trend is reinforced by consistent trading activity on a daily basis.
As a result, there is great anticipation for the impending approval of ETFs, particularly following the SEC's decision not to appeal the court ruling that requires them to consider Grayscale Investment's ETF application. This has contributed to an even hotter market than ever before. It is expected that this price surge will reach $40,019. What are your thoughts on this matter? Do you agree with me?
EUR increased sharply, USD decreased heatDear valued readers, Escaping the price dilemma has significantly caused the product to increase in value. At the time of writing this article, the EUR currency is trading below the resistance level of 1.070. The upward trend is strong as it is consolidated at a high level with stable trading activity on the 1-hour timeframe.
The depreciation of the USD has greatly benefited the EUR/USD, causing it to appreciate. This has contributed to making the market hotter than ever. It is expected that this price increase will reach 1.080 USD. What are your thoughts on this issue? Do you agree with me?
EURUSD increased when the dollar decreased heatHello dear friends!
In recent days, the USD has been weakening and strengthening the EUR significantly. Let's delve deeper into this currency with Karina!
The USD has declined against other currencies in the recent trading session, following the decrease in the US Treasury's interest rates, as traders anticipate new economic data from the US later this week.
Previously, the interest rates of US Treasury bonds had surged since mid-July, contributing to the attractiveness of the USD and helping the DXY index increase by over 6%. However, this index has shown little volatility since the beginning of October. "It is surprising that both the sell-off of long-term bonds and the situation in the Middle East, as well as the safe-haven asset status, are unable to continue driving the USD."
The depreciation of the USD has greatly benefited the EUR/USD, causing it to rise in value. Currently, the EUR/USD is trading at 0.0684, marking a 0.15% increase for the day. The short-term upward trend is indicated on the 4-hour time frame, and if the EUR/USD maintains its momentum, it may reach resistance at a high level according to Fibonacci retracement levels at 1.080.
BTCUSDT increased this weekDear friends, The cryptocurrency market is experiencing an impressive price surge. At the time of writing, the cryptocurrency market is trading below the 36,000 USD mark. The upward trend is strong as it remains at a high level with stable trading activity on the 4-hour time frame.
Interest in Bitcoin ETF has increased towards the end of October 23, with "positive signs" indicating that BlackRock's ETF is getting closer to approval. Additionally, the US Appeals Court has issued an order requiring the Securities and Exchange Commission to review Grayscale's Bitcoin ETF registration application. These actions have made the market hotter than ever. It is expected that this price increase will reach 41,002 USD. What are your thoughts on this matter? Do you agree with me?
Short -term analysis for today's strategy!Hello traders! This will be a short-term analysis for today.
On the chart, the price range is narrowing with the potential for a significant breakout expected, which could lead to a decline in XAUUSD due to its recent downtrend. However, this decline is likely just a corrective move as the overall upward trend is still being reinforced by the ongoing volatility in the Middle East conflict.
According to Nolan's analysis today, the decline could retrace towards the support zone at 1960 - 1955 USD before bouncing back from this level. The target remains at 2000 USD for the next upward move.
USDJPY is not enough to pass the resistance of 150,000Hello traders!
The increase in USDJPY's increasing motivation continues to be weakened when this pair of money has not overcome the 150,000 resistance. Instead, from the slight decline of this pair of money on the 4 -hour time frame. Although signs of decline are not there, this psychological resistance seems to be a big obstacle for investors to buy.
No except the possibility if USDJPY continues to decrease slightly to the supporting area of 149.00 before the increase is strengthened
EURUSD: Restoration of price beginsHello traders.
EURUSD is on a significant recovery stage. From this currency briefcase chart, the trend has decreased significantly, significantly improving the prospects of the euro and showing the potential to increase prices further.
By using this fibonacci, this recovery increase is aiming for resistance targets at 1,076 (level 1,618 of Fibonacci)
GBPUSD: Interesting trading week!Hello dear friends! Another week has come, so let's explore the market with Karina!
As we saw last week, GBPUSD didn't experience much change in trading. The price remained sideways within a narrow range, and no significant breakthrough occurred.
This week, GBPUSD started the session by maintaining its previous trading level at 1.2155. However, it is expected to be an eventful week as news continues to be released from October 24th to October 27th. If the news is positive, it is likely that the resistance level at 1.23 will be easily surpassed. On the other hand, if GBPUSD fails to hold its current stability below the support level of 1.205, that will be the target.
What are your thoughts on the upcoming moves of GBPUSD?
BTCUSDT clear for strong gainsDear friends, as predicted, BTC has reached the target of $30,000, and the upward trend remains the main direction for this cryptocurrency.
At the time of writing, BTC is trading steadily at $30,408, indicating strong consolidation for this digital currency. My next target is still at $32,041, with a strong upward movement on BTC's ascending channel as indicated on the 4-hour timeframe. What about you? Do you agree with the analysis of BTC's future?
Gold tests support againDear readers, as I predicted yesterday, Gold reversed its direction and opened the trading session below the $1975 level. I previously mentioned that Gold had the potential to retest in order to gather momentum for further upward movement. Therefore, upon analyzing the 1-hour chart, we can observe that Gold has broken the uptrend. It is expected to retest the support level before establishing a new upward trend. What are your thoughts on this matter?
Update gold price at the beginning of the week! Hello dear friends! A new week has opened up with plenty of opportunities for us. Let's explore together with Karina <3
On the global front:
- Political tensions in the Middle East remain unresolved and continue to escalate.
- The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market sentiment pressures.
Result:
Gold has become a fresh breeze for investors as it gains attractiveness amidst prolonged political tensions and conflicts.
On the technical side:
- Gold has broken its trendline and experienced a breakthrough, reaching a high of $1996, but it hasn't reached the $2000 mark yet. Currently, gold is slightly retracing to $1967 to retest the breakout area and test the EMA 34 and 89, aiming to establish new highs. The uptrend is still intact and prioritized.
Expectations and forecasts for gold prices this week:
This week, we will receive a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which is expected to have a significant impact on gold. If conflicts in the Middle East escalate, precious metals prices may surpass the $2000/ounce mark.
Good luck. Karina will constantly update when new information. Click like and follow to receive the latest information!
DXY: Continue the declineHello dear friends!
Today, the DXY index continues its quiet trading and clearly shows a downward trend, despite no major breakthroughs.
There is still no sign of a reversal or any breakout from the current trend. According to Karina, in the coming time, DXY is likely to continue to decline with a target at 105.583.
Approaching declines for next weekDear friends, In general, the upward trend of EURUSD is still functioning well (as observed on the 2H chart). At the time of writing, EU has temporarily halted trading at the level of 1.059.
With the current trend, it is likely that EU may continue to rise and approach the resistance level of 1.063. Consequently, a rejection at this resistance level could cause the price to move downwards, reaching the limit of the ascending channel (as displayed on the chart). What are your thoughts on the future of EU?
GBPUSD lost momentum and fell into the abyssDear friends, Join me in exploring the market today. This will be a week full of events as news continues to unfold from October 24th to October 27th.
At the time of writing, GBPUSD is at 1.215, and the price is still testing the upward channel, indicating a breakthrough right here. This breakthrough leads me to a minimum target of 1.092. What about you? Do you agree with me?
USDJPY explodes in the new weekDear friends, At the time of writing this article, the USD/JPY pair is attracting some buying activity, with accumulation near the psychological level of 150.00 or a nearly three-week high.
I believe that the price could strongly rise with my target at 151.00. The 4-hour trend is showing stability along with a test at 150.00. What about you? Do you agree with my viewpoint?
USDJPY to find motivation around the support levelDear friends, Today, the USD/JPY pair has risen higher and partially reversed the modest retreat from the psychological level of 150.00 or above the highest level in two weeks. At the time of writing, it is currently trading around 149.88 and becoming increasingly tense as it faces immediate resistance at 149.95.
From my personal perspective, UJ may test the support level once again before gaining strong upward momentum towards 150.00. Breaking through this resistance level will serve as a strong impetus to further propel this currency pair towards higher levels around 150.20 on the upward channel. What are your thoughts on UJ's future?