An important resistance for the GBP is at 1.25606. As the price approaches the resistance zone, we expect a decrease towards 1.2457
Gold, after breaking its upward trend line and confirming the downtrend, may start its movement from next week. The initial support for gold is in the price range of 2282 - 2286, and upon breaking this range, we can expect a price decrease towards 2270 and 2237.
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Observing an upward trend, I propose focusing on the USD/JPY currency pair. Stay tuned for insights into its ascending trajectory.
EURUSD is currently exhibiting a downward trend. Economic factors: Weakening economic data from the eurozone, such as slowing GDP growth, rising unemployment, and declining manufacturing activity, could be weighing on the euro.
Highlighting an upward trajectory, consider exploring the USD/CAD currency pair for potential opportunities as it trends higher.
"The AUD/NZD currency pair has been exhibiting a downward trend in recent trading sessions. This decline can be attributed to several factors, including weakening economic data from Australia, particularly in sectors such as manufacturing and exports, as well as a strengthening New Zealand dollar fueled by positive economic indicators and rising commodity prices.
Bitcoin: Bears Dominate Market Amidst Bearish Sentiment ❗Multiple factors are contributing to the bearish sentiment surrounding Bitcoin: 🔻Recession Fears: The looming threat of a recession is casting a shadow over riskier assets like Bitcoin. As investors brace for an economic downturn, they are shifting their portfolios towards safer havens like gold and...
The GBP/JPY pair is currently in a downtrend and is under pressure due to a number of factors, including the widening interest rate differential, economic concerns, and technical factors.
The US Dollar Index (DXY) is poised for a bullish run in the coming months, supported by a number of factors, including rising interest rates in the United States, a weakening euro, and geopolitical tensions.
Support and buying zone between 18,000 and 17,800, expecting a return to 18,300-18,500.
Hypothetical gold trend and schematic for a four-hour timeframe, excluding last night's war discussion and fundamentals, and conditional on not closing above 2390. Updates and entry points will be provided later.
Downtrend: The EUR/USD currency pair is currently in a strong downtrend on the 4H timeframe. Support Levels: Key support levels are located at 1.0850 and 1.0800. RSI Indicator: The RSI indicator is currently in the oversold zone, indicating a potential continuation of the downtrend. Strategy: Traders can use short-term trading strategies such as scalping to take...
Make purchases gradually after breaking through this resistance line, with a target of at least 20%+
BTC has been rejected from the MA 100 and the Ichimoku cloud resistance, bouncing back after retesting above the descending triangle. The bulls now require a breakout above the Ichimoku cloud resistance for solid bullish confirmation.
Riding the Bull: GBPUSD Takes Flight, Defying Gravity as it Ascends to New Heights 🚀
The Dollar Index is sitting on a very important support level, and we do not expect it to break this support and lose ground. We expect the Dollar Index to start an upward trend with a target of 103.59. If the Dollar Index manages to push above 103.89, we anticipate the upward momentum to continue, and our next targets would be 104.445 and 104.716. 📈