EUR/USD, H4 7 March 2024 The Euro has strengthened against the dollar, reaching its highest level in over a month, propelled by a weakening dollar. Anticipation surrounds the upcoming ECB interest rate decision, with the market expecting the ECB to maintain a stance of being "in no hurry" to cut interest rates in its policy statement. This sentiment has led the...
A clean confluence of fibonacci, VAL, horizontals on the price of 1.1930. The level can also be associated with a liquidity grab. It is indeniable that this level is strong as Dwayne "The Rock" Johnson. High probability that this level presents a good short setup as invalidation is clear and downside is big. Invalidation is if price come barging through the...
GBP/USD, H4 7 March 2024 GBP/USD sustains an upward trajectory, driven by the US Dollar's depreciation. Despite the optimism, uncertainties loom ahead of the UK's 2024 budget announcement before the election, with market anticipation for potential tax rate cuts. Detailed plans remain elusive, prompting investors to vigilantly monitor developments for nuanced...
Gold rose above 2,150 USD during the European session. Gold's upward momentum has been consolidated after rising above its all-time high set last December, amid positive market sentiment ahead of the prospect of a Fed policy pivot and geopolitical risks. persistent treatment. On frame D1, the RSI indicator in the overbought zone continues to be a cautious signal...
Gold held on to a strong trend on Thursday following yesterday's sharp gains. The U.S. dollar index tumbled to a nearly five-week low on Wednesday after Federal Reserve Chairman Jerome Powell reiterated in congressional testimony that the Fed is still expected to cut interest rates starting later this year even if it is uncertain whether inflation can continue to...
XAU/USD, H4 7 March 2024 Gold prices have surged to their all-time high levels and are currently testing the possibility of breaking above this threshold. The bullish momentum observed in gold throughout March can be attributed to the market sentiment indicating that the Federal Reserve may be considering a pivot from its current monetary policy. Simultaneously,...
Gold rose above 2,150 USD during the European session. Gold's upward momentum has been consolidated after rising above its all-time high set last December, amid positive market sentiment ahead of the prospect of a Fed policy pivot and geopolitical risks. persistent treatment. On frame D1, the RSI indicator in the overbought zone continues to be a cautious signal...
XAU/USD is up for the sixth consecutive day, and extreme overbought conditions have become more notorious, but there are no other signs of upward exhaustion in the daily chart. Technical indicators continue to edge higher, albeit with decreased momentum. At the same time, the bright metal advanced further above its moving averages, with the 20 Simple Moving...
DOLLAR_INDX, H4 7 March 2024 The Dollar Index has descended to its lowest point in a month, currently trading below 103.50 levels. The dollar faced significant downward pressure primarily due to the dovish stance communicated in Powell's testimony that began yesterday. Powell indicated an expectation that the U.S. central bank will initiate rate cuts this year....
💎 LINK has recently experienced notable market dynamics. After a strong rebound from the demand area, LINK is showing signs of potential upward continuation and attempting to break out of the ascending channel. 💎 If LINK successfully breaks the pattern, there's a probability of significant price movement, potentially reaching our target area. 💎 However, if LINK...
Our 15min trading range is clear so far but not 'clean' yet to my liking. Regardless, I trust my system and pa so will WAIT and ACT upon what the MARKET SHOWS ME We are currently targeting the buyside liquidity resting around 18000. IF we break and hold I expect pa to continue higher towards the daily FVG (yellow box) IF we deviate and break back within the...
Gold Surges to Record High : Technical & Fundamental Analysis Summary By PapaFinanceTalk Key Takeaways: - Gold prices reach an all-time high on expectations of a June Fed rate cut. - Additional factors include geopolitical risks and China's economic woes. - Fed Chair Jerome Powell signals the possibility of a June rate cut. - Market anticipates a 70% chance of a...
CRYPTOCAP:FDUSD is a financial illiquid scam FDUSD (First Digital USD) is a reserve-backed stablecoin issued by a subsidiary of First Digital Limited, a Hong Kong-headquartered financial firm. Let’s delve into the details: FDUSD Overview: Introduced in June 2023, FDUSD aims to be backed by one U.S. dollar or an equivalent value asset held in reserves. The...
On March 7, global gold futures settlement costs persevered to set a brand new file at 2,158 USD/oz. The safe-haven asset has multiplied for 2 consecutive months amid worldwide financial turmoil, which includes conflicts in Ukraine and the Gaza Strip, upcoming elections, and uncertainty. actuality approximately hobby charges and inflation. Recently, Russian...
BINANCE:MASKUSDT after the sell-off wave, which was triggered by the BTC correction from ATH, calms down and forms a pre-breakdown consolidation against the range resistance. The coin forms a symmetrical triangle, a pattern that is a consolidation, but the price exit beyond the boundaries is accompanied by a surge in volume, liquidity and is essentially a...
💎 BAT has recently encountered significant market dynamics. Currently, BAT is confronting a resistance area after experiencing a substantial rebound from the demand zone. 💎 If BAT manages to break out above the resistance area, there's probability for the price to resume its upward trajectory and reach our target at the bearish OB area. 💎 However, if BAT faces...
ISDN just released its full year, though numbers are disappointing, the company mentioned that they had been re-investing heavily during down time to capture market share. With yuan bottoming, semicon seeing a pick up in 2H 2024, and Chinese advanced manufacturing boom for the foreseeable future, I expect a stella FY 2024 from low base of FY 2023. Technical...
March 7th DXY: Stay below 103.40, to show downside to 103 support. Could bounce from support level NZDUSD: Sell 0.6155 SL 20 TP 80 (Hesitation at 0.6110) AUDUSD: Wait and see reaction at 0.6610. Breakout, Buy 0.6625 SL 20 TP 80 Rejection, Sell 0.66 SL 25 TP 70 USDJPY: Looking for reaction at 147.70, breaks support, Sell 147.60 SL 30 TP 90 GBPUSD: Sell...