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EUR/USD Downtrend Intact, Signals Further DeclineThe EUR/USD pair continues to drop sharply, nearing the 1.0610 USD level during the Asian trading hours on Tuesday. This decline is driven by the strong growth momentum of the USD, propelled by pressure from higher bond yields in the United States. From a technical standpoint, the downtrend of EUR/USD remains firmly intact. On the 4-hour chart, the downward trend is still evident, supported by prices trading below the simple moving averages (SMA). Additionally, the Relative Strength Index (RSI) has slipped below the 23 level, indicating an imbalance between buying and selling pressure and the potential for further decline
by Stephen_Anders
ETH is in a loss phase againHello everyone, let's look at the 4H ETH to USDT chart, you can see how the price is moving in a downtrend channel, from which exiting at the bottom could result in a strong downward movement in the height of the channel itself. Let's start by setting goals for the near future that we can include: T1 = $3,327 T2 = $3,622 T3 = $4,104 AND T4 = $4863 LONG TERM Now let's move on to the stop-loss in case of further market declines: SL1 = $2,903 SL2 = $2580 SL3 = $2166 AND SL3 = $2166 Looking at the RSI and STOCH indicators, we can see that there is still room to continue the current recovery.
by cryptodailyuk
Bitcoin Volatility Market AnalysisBitcoin (BTC) is currently experiencing a rather volatile period. Generally, the downward trend is still being maintained. However, it is noteworthy that the price of BTC is gradually adjusting and showing signs of resurgence. Based on technical analysis, the 4-hour chart indicates that BTC may test the SMA 20 area in the near future. However, this does not guarantee that BTC will sustain this upward trend. After testing the SMA 20 area, the price may face strong downward pressure. Therefore, investors need to be cautious and closely monitor market fluctuations to make informed investment decisions.
OANDA:BTCUSD
by Daisy_Anna
Technical Outlook: USD/JPY's Surge USD/JPY surpassed the 154.00 level during Monday's U.S. trading session. On the 4-hour chart, technical indicators are strongly supportive of further price increases. However, the Relative Strength Index (RSI) suggests that the market is overbought, which could lead to a short-term price correction before resuming its upward trend. While this may temporarily decrease prices, it also presents a buying opportunity for investors looking to join the uptrend.
by Daisy_Anna
GBP/USD is expected to undergo a short-term upward correction GBP/USD has recently experienced a period of lackluster recovery and has dropped below the 1.2450 USD. Overall, the price of the GBP/USD currency pair is maintaining a downward trend due to lingering political tensions from the Middle East countries. Technical indicators also support this downward trend, bolstering its strength. However, prices are gradually correcting upwards and showing signs of testing the SMA 20 area in the near future.
by Daisy_Anna
Analyzing GBP/USD Volatility In the European trading session on Monday, the GBP/USD currency pair experienced a strong surge, pushing the price towards the 1.2500 level. This indicates that the US dollar has depreciated against the British pound. On the 4-hour chart, the Relative Strength Index (RSI) has crossed above the 30 threshold, indicating that the GBP/USD is undergoing a corrective phase to recover and continue its upward momentum. The downward trend of the GBP/USD could be attributed to various factors, including the economic and political situation in both the UK and the US, as well as global factors such as market volatility. Analyzing and evaluating these factors is crucial to achieving an effective and successful trading strategy.
by Stephen_Anders
Forecast EUR/USD to Recover in the Short TermThe EUR/USD pair is showing strength with a recovery above 1.0650 during the European trading session on Monday. However, it cannot be denied that the pair is facing downward pressure as the European Central Bank (ECB) and the Federal Reserve (Fed) announce differing prospects for monetary policy. Although the price continues to maintain a downtrend, this currency pair is encountering a challenge. This is evidenced by the price being in oversold territory, which is a positive sign of adjustment and a resurgence in upward movement. It is expected that the price will increase in the short term and touch the SMA 20 area before undergoing a sharp decline.
by Stephen_Anders
EUR/USD Trend Analysis in the Upcoming PeriodEUR/USD dropped below 1.0700 following the subdued remarks from ECB policy maker Stournaras, putting pressure on the Euro. The divergent policy outlooks between the ECB and the Fed have increased the downside risks for this currency pair. Looking at the chart, the price is still maintaining a downward trend. However, the Relative Strength Index (RSI) is currently in oversold territory, indicating signs of a potential correction and subsequent rebound before a strong resumption of the downtrend.
by Stephen_Anders
Gold Prices Surge Amid Geopolitical RisksGold prices attracted buying activity at the beginning of the week and held steady around the range of 2,431-2,432 USD, preventing a retreat. Iran's attack on Israel over the weekend not only pushed gold prices to new highs but also heightened market concerns. The US Dollar (USD), despite its weakness, continued to support the strong rise of gold. Moreover, strong expectations regarding the Fed's first interest rate hike in September instead of June underscored the ongoing importance of inflationary pressures. From a technical standpoint, on the 4-hour chart, gold prices continued to affirm their upward trend. The Relative Strength Index (RSI) surpassed the 50 threshold, setting the stage for a significant price increase in the near future.
OANDA:XAUUSD
by Stephen_Anders
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"Gold Prices Surge Amid Middle East TensionsThe price of gold continues to rise due to political tensions in the Middle East. This raises expectations that the Federal Reserve (Fed) will cut interest rates in the near future. Lower interest rates can make currency depreciate, making risk-free assets like gold more attractive. On the 4-hour chart, the price of gold is stable above the Simple Moving Averages (SMA) 20, 50, and 100, indicating that the upward trend is still intact. The Relative Strength Index (RSI) is currently above 50, indicating the strength of this upward trend. This suggests that despite possible short-term fluctuations, the long-term trend of the gold market remains stable and has growth potential.
OANDA:XAUUSD
by Daisy_Anna
ETC at the first support zoneHello everyone, let's look at the 4H ETC to USDT chart, as we can see, the price is staying in an uptrend channel, from which the attempt to break out from the bottom has been temporarily stopped. Let's start by setting goals for the near future that we can include: T1 = $33 T2 = $40 AND T3 = $50 Now let's move on to the stop-loss in case of further market declines: SL1 = $24 - $22.8 SL2 = $20 AND SL3 = $15 - $13.50 Looking at the RSI indicators and the STOCH indicator, even though we are already quite low, which could indicate an upcoming rebound, we should be careful how BTC itself, which is followed by the entire market, will behave.
by cryptodailyuk
GBP/USD plummeted under the pressure of the US Dollar (USD) In recent US trading sessions, GBP/USD has faced significant downward pressure, dropping below the 1.2450 level, due to the sustained strength of the US Dollar (USD). From a technical perspective, analyzing the chart of GBP/USD reveals a clear trend of price decline. The currency pair has consistently reached lower highs and lower lows recently, while also breaching key support levels. This is a strong indication that the downward trend of GBP/USD is being reinforced. Furthermore, the Relative Strength Index (RSI) is holding just above the 30 level, indicating that there is still room for further downside before the market becomes oversold.
by Daisy_Anna
INJ - Holding Strong and Bounce Back ExpectedBINANCE:INJUSDT (1D CHART) Technical Analysis Update INJ/USDT is currently trading at $31.12 and the price is currently around its well tested support zone. I'm expecting the price to bounce back from this zone. If this support zone breaks then our trade is invalid. Entry level: $ 32.,49 Stop Loss Level: $ 27.65 TakeProfit 1: $ 36.51 TakeProfit 2: $ 39.52 TakeProfit 3: $ 44.99 TakeProfit 4: $ 53.45 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Breaking Down the Trendline, GBP/USD Continues Downward TrendGBP/USD continues to decline below 1.2500 due to the strong US dollar and political tensions in the Middle East. This not only puts pressure on the British pound but also weakens the UK economy, causing instability in the currency market. Furthermore, the price has broken through the trendline, indicating that the downward trend of this currency pair is becoming stronger. This breakout may be seen as a negative signal, adding selling pressure and increasing the weakness of the British pound against the US dollar.
by Stephen_Anders
EUR/USD Continues Downward Trend Following CPI DataThe EUR/USD currency pair continues its downward trend following the release of CPI inflation data, with prices dropping to 2,700 USD during the European trading session on Friday. The CPI inflation data release caused the US Dollar (USD) to strengthen significantly, putting downward pressure on this currency pair. This has raised concerns among investors about the possibility of the European Central Bank (ECB) implementing monetary policy measures to control inflation. From a technical standpoint, on the 1-hour chart, the downward trend of EUR/USD remains clearly intact. Prices are currently below the simple moving averages (SMA), indicating that the downward trend is still strong. However, global economic and political news also continue to cause volatility in the market, so traders should carefully consider and evaluate their strategies to trade successfully and effectively!
by Daisy_Anna
Gold Prices Reach Record High Amid Middle East TensionsThe price of gold has risen to a new record high, closing at the resistance level of $2,400 USD in the Asian trading session on Friday. The escalation in gold prices is driven by political tensions among Middle Eastern countries, despite the Fed's anticipated interest rate cut in September. Currently, the price of gold is facing difficulty in surpassing the $2,392 USD level, after reaching a new high at $2,396 USD. However, if the price continues to rise and breaks through the $2,400 USD threshold, it could generate a stronger bullish trend, aiming for the psychological level of $2,450 USD. Although the Relative Strength Index (RSI) is at an overbought level, nearing 72.5, this indicates that there are still plenty of opportunities for buyers to demonstrate their strength.
OANDA:XAUUSD
by Daisy_Anna