BTCUSDT: Does the price still increase or not?Hello dear friends: It is true that Karina's forecast for the price of BTCUSDT has reached the target of 30,000 USD, and the upward trend is still strongly supported.
This is evident from the 4-hour chart where the EMA 34 line is still reversing well, and the price continues to trade firmly above both the EMA 34 and 89 lines, indicating a reinforced upward trend.
Furthermore, the Dow is still performing well. The target for this time will be the final point of the Fibonacci extension at a price level of 30,742 USD, completing wave D as expected.
Do you agree with this analysis? Please leave your comments below!
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BTC USDT: Expanding the possibility of price increaseHello traders,
As analyzed from the BTC USDT chart, it is currently moving in an upward trend and showing signs of further price increase.
Based on this, a slight correction may occur at the level of 27,334 USD, followed by a continuation of the upward trend and development towards the 30,000 USD mark.
BTCUSDT: Increasing to the highest level last week!Hello traders!
As we are witnessing the target of 30,000 being established with the current price trading around 29,795, we can expect the target to be reached soon. With such strong price increase, the target of 30,000 will be set in no time.
However, the price still needs to be checked, at least until the support level of 28,500 USD. At that point, the upward trend will be reinforced even stronger than ever before.
Testing BTC stability again, market is hotDear friends, on the 1W time frame, we are witnessing an impressive upward movement. At the time of writing, BTC is trading below the $30,000 mark. The price increase channel is operating strongly as the cryptocurrency market eagerly awaits SEC approval for proposed Bitcoin exchange-traded fund transactions.
Therefore, the BTC market is hotter than ever, and it is not surprising that this upward trend could reach $42,114 in the near future, along with a stable trend on the 1W time frame. However, I do not regard the figure of $48,088 highly as everything is still uncertain. Do you agree with my analysis and update? If so, don't forget to leave a like and follow.
GBPUSD: stable price but not sureHello traders!
Today, GBP/USD continued to face new downward pressure, dropping to the 1.2100 area before experiencing modest recovery during the European trading session. Short-term technical prospects indicate that the downward trend persists, despite some sideways movement.
It can be observed that retail sales in the UK decreased by 0.9% compared to the previous month in September, according to a report by the UK's Office for National Statistics on Friday. This data is weaker than market expectations of a 0.1% decline and weighs on the British Pound.
Meanwhile, Bank of England Governor Andrew Bailey told the Belfast Telegraph that he expects inflation to "decrease significantly" next month. "Assessing the inflation data for September, core inflation has decreased slightly compared to what we anticipated, which is quite encouraging," Bailey added, posing challenges for GBP/USD in its recovery momentum.
Updates and analysis this weekDear friends, Let's review the Gold market for the new week.
In terms of global news:
Tensions are escalating in the Middle East. The less hawkish tone from officials at the US Federal Reserve has limited the global dominance of the USD, indirectly benefiting gold.
For these reasons, gold has become more attractive than ever. In terms of expectations:
This week, the market will be waiting for a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which will have a significant impact on gold.
If the Middle East conflict continues, gold could soar above $2000.
In terms of technical analysis:
Gold is showing a slight retreat to the $1966 level to retest the previous breakout zone, in order to build momentum for a new high. The upward trend is still intact, so I have high expectations for price increases this week.
BTCUSD: Objective 30,000 in handHello dear friends. As predicted by Karina, the goal of reaching $29,000 has been achieved, and the price is getting closer to the milestone of $30,000.
The price is also confirmed by Negentropic, who states that if Bitcoin surpasses the resistance level and crosses the $29,500 mark, it is almost certain that the leading cryptocurrency will aim for the coveted $30,000 target.
The Fibonacci retracement tool also indicates that the $30,000 price target is still highly regarded. What are your thoughts on BTCUSD in the near future?
GBPUSD negatively decreasesDear friends, GBPUSD continues to decline as predicted yesterday. It is currently trading in a narrow range around 1.2110. We are awaiting new catalysts from the Fed Chairman's speech later today to determine a clearer direction for the future.
Regarding technical analysis:
The market has formed a strong resistance level, acting as a consistent boundary. The price has tested this level multiple times, creating a shelf-like structure.
We expect GBPUSD to decline further, with an anticipated decrease around 1.2040.
What about you? Do you agree with this analysis?
GBPUSD regained the recent increaseDear friends. At the end of this week's trading session, the GBPUSD market has not experienced any significant breakthroughs and is currently consolidating around the 1.216 level, remaining relatively stable. However, this currency pair is facing pressure from a 0.9% decrease in retail sales in the UK compared to the previous month in September, as opposed to the expected -0.1%.
From the 1-hour chart, it can be seen that this currency pair is facing resistance at the 1.217 level, indicating a potential rejection. The price target for this rejection is determined around the 1.212 level and further down to 1.211. Finding this support level could serve as a short-term bullish catalyst for this currency pair in the near future. What about you? Do you agree with this viewpoint?
BTCUSD in today's sessionDear friends, BTC continues to rise as predicted, with the candle's wick reaching the $30,000 mark. However, it has encountered difficulties in maintaining its upward momentum. Currently, it is trading around $29,740.
On the other hand, the breakout from the upward channel and the strong increase lead me to believe that BTC will experience a slight correction before forming a DOW pattern and continuing its trend. I expect a rise to reach $30,400. What are your thoughts on BTC's future?
Gold adjusted around 2000 USD?It's not surprising to see Gold inching closer to the $2000 mark as tensions escalate in the Middle East. Apart from political instability, gold is also supported by concerns of another interest rate hike by the Fed in 2023. Thus, we have witnessed a strong recovery in the price of gold.
The 30-minute timeframe shows that gold is trading relatively calmly while facing resistance at $1985. However, the possibility of a price increase is still being steadily reinforced. It is expected that gold will test the $1971 level in the next trading session. The price target continues to revolve around the $2005 mark, which is currently being emphasized.
Trading JPY USD is quiet but the price increases steadilyHello traders!
It seems that USD JPY is still struggling to overcome a strong resistance zone around 150.000. Looking at the 1-hour chart, we can see that UJ has not been able to surpass the 150.00 level.
However, there have been consistent upward movements with continuous price increases and a narrowing range. Any breakout from this range could potentially create an opportunity for further price appreciation in this currency pair, pushing it towards new highs.
Update USDJPY on the last day of the transactionHello traders!
Yesterday, there was a moment when USDJPY almost reached the 150.000 level, but luck has yet to smile upon this currency pair. Nevertheless, we can see that despite not being able to achieve the 150.000 target this week, UJ has maintained a good price increase and stable trading at high levels.
At the time of writing, USDJPY is operating at 149.868 and has increased by 0.06% for the day. Nolan still believes that the 150.000 target is the perfect goal for UJ at this time. Expanding the upward movement beyond that level would not be an impossible task.
EURUSD: The trend of increasing continuesHello traders,
Currently, on our chart today, the uptrend that started last week is still being executed steadily. The price is trading within the range of the EMA and there are no signs indicating a breakout from the trend.
It is expected that the price will continue to maintain the upward trend, with trading ranging from 1.055 (lower limit of the price uptrend channel) to 1.062 (upper limit of the price uptrend channel). As long as there is no breakout from the current trend, the upward momentum will remain stable.
Gold access $ 2000 area.Hello traders!
After receiving important information from the speech of the Fed yesterday, the Gold had a new breakthrough to the highest level in the last 2 weeks at the threshold of 1979 - 1980 USD. Currently, the price is gradually reaching the peak of $ 2000 with good support from the Breakout area of 1945 USD.
My goal is to establish a Sell position in $ 2000 then the official increase trend is strongly set. What do you think about this goal? Leave your opinion!
Gold price today: breakthrough price increaseHello traders!
Yesterday, gold received important information from the speech of the Fed chairman, and it reacted strongly as the price continued to rise and is currently trading at $1886, an increase of about $13 in a day, reaching the previously set target of $1970.
The recovery of the precious metal is supported by the decline of the US dollar (USD) after cautious comments from Fed Powell, and gold has become a safe haven for investors as tensions in the Middle East continue to escalate.
From the analysis chart:
The downward trend line has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level of $1980. If it can surpass this resistance level, there is a possibility of further price increases.
GBPUSD continues to declineHello dear friends!
What do you think, will GBPUSD rise or fall today?
Currently, GU is fluctuating around the price level of 1.210 with a slight decline. It can be observed that GBP/USD is gradually losing points, closing at 1.2100 after disappointing Retail Sales data in the UK with -0.9% MoM in September. Escalating tensions in the Middle East continue to support the US dollar, putting pressure on this currency pair.
From the chart, if GBP/USD confirms 1.2100 (a psychological and static level) as a resistance level, we may witness additional losses towards 1.2050 (the recent downtrend's end point) and 1.2000 (a psychological and static level) as indicated by Fibonacci.
Gold also increased sharply this week?Hello traders! After a tremendous increase in the price of gold last week, reaching an impressive figure of up to 1996 USD, we are now witnessing a slight decline in this precious metal at the beginning of this week. Currently, gold is trading at 1970 USD, experiencing a decrease of approximately 10 USD in a day.
From analyzing the gold chart, it can be seen that a new peak is gradually forming at the highest price level in the past two weeks. However, Nolan still holds a positive outlook on the possibility of gold rising. If this is a formation of a Dow pattern, using the Fibonacci retracement tool, the reasonable decline level for gold could be prioritized at 0.618, equivalent to 1926 USD or 1948 usd, and then the upward trend would continue to develop.
Another supporting factor for gold is the ongoing tension in the Middle East. Gold becomes attractive to investors who seek to preserve capital amid market turmoil. This leads to massive buying of gold and pushes its price higher.
Update BTC: Objective 30,000 USDDear beloved friends!
In the dynamic world of cryptocurrency trading, the BTCUSD pair has emerged as a focal point for investors seeking growth opportunities and capital preservation. Currently, BTC continues to strengthen its upward momentum with prices hovering around the $26,900 mark.
The current environment is favorable for BTC, and as such, my price target is $30,000, with a strong breakthrough when surpassing the $28,000 resistance level.
What about you? What is your target?
BTC USD: Sideway waited for a strong breakthroughHello dear friends!
Today, BTCUSD continues to maintain its significant price increase after rising above $28,000. This is a great sign for future price hikes.
From the analysis chart on the 1-hour time frame, it can be seen that the price is currently moving sideways within a narrow range of $28,600 - $28,200. It is expected to experience another decrease towards $28,000 in the area where EMA 89 is active, followed by a bounce back and breaking out of the current trend.
Karina's target is still $30,000. What about you? What do you think about the upcoming BTC?
EURUSD consolidated the dayDear friends, in today's trading session, EURUSD is currently consolidating at a high level around 1.0577, which coincides with a resistance level. On the other hand, the overnight speech by Federal Reserve Chairman Jerome Powell has led to market instability and unclear trading throughout the day.
"The market is in turmoil, anxiously awaiting a move: gold and oil, the clearest indicators of sentiment towards the conflict, continue to rise." Due to these reasons, I anticipate that EURUSD will continue its expected decline to 1.045, which aligns with a lower support level on the 4-hour timeframe.
EUR/USD stays vulnerable below 1.0500Hello dear friends!
Is the question you are currently interested in whether EURUSD will rise again or continue to decline?
Let's find out together with Karina!
From the 1D analysis chart, we can see that EURUSD has been continuously declining since reaching a high of 1.128. Despite some recovery phases, it seems that it is not enough to bring the price back. The important support levels at two major price areas, 1.058 and 1.052, have been easily broken, reflecting a strong downward momentum.
Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, after rising to the EMA 34 area, it quickly gets pushed back. If the current support level is broken, there is a high possibility that EU will not be able to turn around.
What about you? Do you agree with this analysis?
Gold increased sharply, booming in the 4h frameDear friends, it appears that the Fed is still committed to its inflation goal. However, increasing political instability could quickly push gold up to $2000 per ounce. Since the conflict in the Middle East began, the demand for safe havens has helped gold rise by nearly $120.
At the time of writing, gold is trading around $1978 - $1980. It is evident that gold is trading at a relatively strong high level. It is expected that the price of gold will continue to rise to $2000 in the near future due to the stability of the trend on the 4-hour timeframe.