BTCUSDT is narrowing its price range as it has been trading sideways for almost a week, but a breakthrough is about to happen at the $34,542 level. At the time of writing, the cryptocurrency is trading at $34,272. The immediate target for BTCUSDT is likely to break through the resistance level at $35,292, followed by a pullback. The upward trend is still favored...
OANDA:XAUUSD continues to strengthen positively. The strong upward trend is still related to the unresolved Middle East conflict, and the high demand for gold as a safe-haven asset by financial institutions. According to the CME FedWatch Tool, the market seems certain that the Fed will maintain interest rates at the range of 5.25% to 5.5% in this meeting. At...
XAU/USD is trading slightly lower, although the daily chart shows that it quickly rebounded from the day's low of $1,990.93, somehow indicating that buyers are still willing to purchase more. Regarding the hot news this week: - We will receive two news on November 1st and November 3rd, which could change the objective view of Gold. - The stock market is trading...
Dear readers, USD/JPY is currently trading near the 150.00 level, extending its upward momentum after the Bank of Japan (BoJ) decided not to make any adjustments to its policy settings but instead changed the language surrounding its Yield Curve Control (YCC) framework. The BoJ's policy outcome has disappointed hawkish individuals, putting pressure on the Japanese...
Dear friends, GBP/USD is currently trading within a narrow range in the Asian session before declining to the 1.2100 area in the European morning. The long-term technical outlook suggests that the downward trend remains intact. We are awaiting key central bank events this week - the FOMC policy decision on Wednesday, followed by the Bank of England (BoE) meeting...
The price forms a lower bottom and retraces within a range. If the price retests the resistance area and rejects it, we may see further downward movement or a test of the main support level. As you can see, the upper boundary of the range has pushed the price lower multiple times. The EUR has moved higher towards the resistance level, which could lead to some...
Escaping the flag signal model has resulted in a significant increase in the price of the product. The price of precious metals remains stable at a high level due to increasing risk aversion in the context of ongoing conflicts in the Middle East. At the time of writing, the Gold market is trading at $1993, and the upward momentum of gold has been curbed following...
BTCUSDT has been continuously moving sideways within the range of $34,560, indicating strong upward momentum is being maintained. Breaking out of the diamond-shaped pattern has led to a significant increase in price. Looking at the long-term prospects, I still believe that the resistance levels of $36,000 and even $38,000 will be the next targets for this...