In the weekly analysis, which coincides with the start of the new month, the continuation of the upward trend and the impact of the Dollar Index can be more clearly understood. Therefore, the price level of 1.11163 is considered the end of the correction phase, with a target price of 1.12793.
The Mallicast team anticipates that gold will start the week with a bearish trend, followed by a bullish move. Initially, the price is expected to pull back to 2638.978, and then rise towards 2716.
Given the break of the price level at 100.618, it is predicted that the price may potentially reach the next lower support level. However, within the range of this next support, there is also a price order block. Therefore, according to the chart, the critical price level where liquidity can be gathered and a decisive move towards expansionary monetary policy by...
Global gold prices have consistently been setting higher lows during this period, indicating a strong upward trend despite market fluctuations. Although the price has not yet formed a bearish pattern on the 1-hour timeframe, the bullish movement appears likely to continue. The Mallicast analysis team forecasts that if this upward trend persists, the price of gold...
The S&P Index, as one of the most important indices in global financial markets, has always attracted the attention of many investors and analysts. In recent periods, this index has experienced a significant upward trend; however, it has not yet been able to surpass its previous high. Nonetheless, technical and fundamental analyses suggest that the S&P Index may...
The US Dollar Index (DXY) has recently managed to break its previous high, indicating a relative strengthening of the dollar against other major currencies. This upward move could be attributed to various factors, such as strong economic data, expectations of a rate hike by the Federal Reserve, or volatility in global markets. However, following this increase, the...
The British Pound to Japanese Yen (GBP/JPY) shows a very attractive position on the monthly timeframe in the last days of August. According to the Mallicast team’s analysis, the monthly candle indicates potential for further upward movement, with a target price projected at 215.868.
The USD/JPY pair shows signs of renewed upward movement. Considering it has not yet reached its monthly support level, we may experience a decline towards the price of 143.728. Following this, a rebound could drive the price up to 145.898. After this initial upward move, a pullback may occur, but the subsequent upward trend could target a price of 149.414.
The ATOM trading pair is currently at its lowest price since its launch, which has diminished its significance. However, Mallicast's analysis suggests that with confirmation from an appropriate weekly candle, the pair could return to its previous position. In higher time frames, the analysis is as follows: a continued decline to the price level of 4.7921, followed...
Mallicast's analysis of the LTCUSDT pair indicates that an initial decline to the price level of 61.28 is expected. Subsequently, a preliminary upward movement to 67.87 is forecasted. Following this, a correction of the upward movement to 67.28 is anticipated. Additionally, a suitable liquidity level is identified at 69.68, where a price decline might occur.
The AAVE trading pair in the cryptocurrency market has a strong fundamental basis. According to Mallicast's short-term forecast for this pair, an initial decline to the price level of 121.9882 is expected. Following this, a correction to 132.4419 is anticipated, and subsequently, a bullish move towards the price of 143.3394, which is a liquidity zone, is forecasted.
Minor price fluctuations in the CN50 index can have significant impacts on the cryptocurrency and forex markets. According to Mallicast's analysis, the CN50 index is expected to enter a bullish phase. This upward movement is likely to result in an increase in USDT.D and the DXY index.
The Mallicast Fundamental Team's analysis of gold focuses on the underlying factors influencing its price. They examine elements such as economic indicators, monetary policy, geopolitical events, and market demand to provide insights into potential trends and price movements for gold. Global Gold Growth refers to the increase in gold prices in international...
The dollar is fluctuating within the price range of 100.923 to 100.611. However, there is a possibility that it could break the current support level and move down towards the price floor of 100.024. The analysis by the Mallicast team focuses on the Dollar Index, highlighting its current price movements and potential future trends. Their insights suggest possible...
The Mallicast team remains optimistic about the upward trend of the Japanese Yen (JPY) index. The strengthening of the yen could lead to a weakening of the US Dollar Index (DXY), as a stronger yen is usually associated with increased demand for this currency and a reduced inclination to buy dollars. This scenario could result in significant changes in global...
The Mallicast team predicts that the EUR/USD pair might initially drop to 1.11477 today, followed by a potential rebound to 1.12793. Based on the monthly chart analysis, the euro is currently in a resistance zone, and after absorbing the necessary liquidity, it could experience a strong downward momentum.
The Mallicast team predicts that gold prices will initially rise to 2523.952. The optimal entry point for a short-term buy is at 2518.681. After this, the price is expected to climb to 2531.945. Following this price level and the absorption of liquidity, there is a possibility of a decline in gold prices.
According to the Mallicast team's forecast, the US Dollar Index (DXY) could enter a corrective downtrend in lower time frames if it breaks the 100.730 level. Overall, the trend remains bullish in the weekly and monthly time frames. For time frames shorter than one hour, a price target of 100.923 can be considered. However, if the corrective downtrend in the...