BITCOIN: Technical analysis of the situation

Bitcoin Not long ago, Bitcoin managed to recover to 30,000, seizing the support of the monthly short-term trend and forming the appearance of upward prerequisites on the weekly timeframe in the form of a golden cross. The monthly Ichimoku cloud is currently located around 30,000, and as a result of testing which, a slowdown and […]

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Bitcoin recovered above $29k as U.S. debt limit rises

Over the past two days, Bitcoin has managed to break the corrective movement near the $27k level. The first factor that contributed to strengthening the bulls’ positions was the collapse of the American bank FRC’s shares. This once again confirmed the vulnerability of the banking system, and BTC received an upward impulse. The second factor […]

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Forex forecast 04/27/2023 EUR/USD, USD/CHF, Gold and Bitcoin from Sebastian Seliga

Let’s take a look at the technical picture of EUR/USD, USD/CHF, Gold and Bitcoin. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD and GBP/USD trading plan for beginners on April 27,… April 27, 2023 Details of the economic calendar on April 26 The volume…BTC update for April 27,.2023 – Potential for […]

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Analysis of Gold for April 27, 2023 – Potential for higher prices

Technical analysis: Gold has been trading upside this morning and the there i still lots of potential for the further upside movement. Due to the strong upside cycle on the longer time-frames and building higher lows in last couple of days, I see potential for the further growth. Upside objectives are set at the price […]

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U.S. stock market closes mixed, Dow Jones down 0.68%

Investors continue to monitor corporate earnings reports. For example, the net profit of IT giant Microsoft grew in the previous quarter, and revenue turned out to be better than forecasts. The company also announced its intention to continue investing in artificial intelligence. Alphabet, owner of Google, shares also rise in price by 1.2%. The company’s […]

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Ichimoku cloud indicator analysis on Gold for April 26th, 2023.

Gold price is challenging the 4 hour Kumo (cloud) resistance.Trend remains bearish as price continues to trade below the cloud. Price is above both the tenkan-sen and kijun-sen indicators giving some hopes to bulls. The Chikou span is trying to break above the candlestick pattern and turn bullish. There are mixed signs in Gold’s 4 […]

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US premarket on April 26: US stock market continues to decline

US stock index futures opened in the green following yesterday’s sell-off but later turned negative. The growth was associated with strong earnings reports from technology companies Alphabet Inc. and Microsoft Corp. but concerns about the state of the economy and the banking sector continued to weigh on investors. S&P 500 futures contracts rose by about […]

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Gold remains an attractive safe-haven asset

Gold continues to be an attractive safe-haven asset amid recent financial turmoil. At the moment, it is consolidating around $2,000 per ounce, as there are many factors causing financial concerns, including the likely interest rate hike by the Fed at the upcoming monetary policy meeting. Most believe that the US central bank will raise rates […]

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Gold needs to cool down

Panic is the perfect environment for safe-haven assets. Gold has grown by 20% over the past six months due to the market’s regular turmoil. Concerns about a banking crisis and recession in the United States have pushed XAUUSD quotes up, even though a correction seemed inevitable. To survive in the market, it is necessary to […]

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Market volatility may increase ahead of the Fed meeting

The US stock market came under strong pressure on Tuesday, dragging European and Asian markets down as investors, watching the corporate earnings season, began to fear the start of a recession in the US as early as this summer. The basis for these negative sentiments was the sharp drop in First Republic’s shares by 49.37% […]

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Analysis of Gold for April 26, 2023 – Potential for higher prices

Technical analysis: Gold has been trading upside yesterday and I found that market is making higher lows and there is potential for the upside continuation today. Due to the strong upside cycle in the background and the breakout of the inside day formation yesterday, I see potential for the further rally. Upside objectives are set […]

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Gold attractive for buyers

The price of gold rallied again and erased yesterday’s losses. It’s trading at 1,995 at the time of writing. After its strong growth, a new retreat is natural, the price could test and retest the near-term support levels before jumping higher. Gold rallied as the USD crashed after the CB Consumer Confidence came in worse […]

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Bitcoin: What regulators intend to restrict in the crypto industry

The current year for the cryptocurrency market is taking place under the auspices of regulation. Or attempts to introduce it. After the European Parliament voted for MiCA, the UK’s Financial Conduct Authority (FCA) now wants to cooperate with cryptocurrency firms to form regulation, as stated by Executive Director Sarah Pritchard at the City Week conference […]

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Ichimoku cloud indicator analysis on Gold for April 25th, 2023.

Gold price remains in a bearish trend in the 4 hour chart according to the Ichimoku cloud indicator. Price made an attempt to bounce higher but price was unable even to penetrate into the Kumo (cloud). Short-term trend remains bearish. Price is again below both the tenkan-sen and kijun-sen indicators. The Chikou span (black line […]

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Technical analysis on Silver for April 25th, 2023.

Blue lines- bullish channel (broken) Violet lines- Fibonacci retracement levels Silver is trading around $24.65. Price has broken out of the upward sloping channel and is showing reversal signs. So far price has only retraced 23.6% of the entire upward movement. Price is challenging once more the 23.6% Fibonacci level. Price is vulnerable to a […]

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How will this week’s reports affect dollar and gold?

On Thursday and Friday this week, two important U.S. government economic reports will be published, which the Federal Reserve will rely on when making the final decision on interest rates at next week’s FOMC meeting. Starting on Thursday, the Bureau of Economic Analysis (BEA) will release a report on gross domestic product for the first […]

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Federal Reserve may soon end its rate hike cycle

The current dynamics of Treasury yields and dollar indicate the imminent end of the Fed’s rate hike cycle. While the stock market is focused on the corporate earnings season, Treasury yields have resumed their decline, signaling increased demand for them. Dollar, meanwhile, has weakened slightly against other major currencies. Looking at previous data, particularly on […]

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Oil buys dip

Everyone forgot about America. For a long time, the oil market lived on news from Russia, where, despite Moscow’s announced production cuts, exports did not decrease. From China, from which investors expected a rapid economic recovery and growth in global demand for oil. From the Middle East, where OPEC+ surprised with unexpected production cuts, and […]

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Technical analysis of EUR/USD and GBP/USD on April 25

EUR/USD Larger timeframes Despite consolidation and uncertainty, the bulls have become active again with the opening of a new trading week and are pushing the price up. If the high of the current correction at 1.1076 is updated and the price firmly settles above it, this will open the way to the monthly resistance at […]

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Forex forecast 04/25/2023 EUR/USD, USD/JPY, USDX and Gold from Sebastian Seliga

Let’s take a look at the technical picture of EUR/USD, USD/JPY, USDX and Gold. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Bank of Japan decision: First gathering under Ueda’s… April 25, 2023 On Friday, the Bank of Japan will hold its first…Gold confirms its breakout April 25, 2023 The price of […]

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Gold confirms its breakout

The price of gold rallied in the short term and now is trading at 1,994 at the time of writing. It has climbed as much as 2,000 today, registering a new high. Still, after the impressive growth, a retreat was natural. Today, the US CB Consumer Confidence indicator should be decisive. The New Home Sales […]

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The US stock market closed mixed, with the Dow Jones adding 0.20%

Investors continue to monitor the earnings season. For example, the net profit attributable to shareholders of Coca-Cola Company for the first quarter increased by 12% year-on-year, amounting to $3.1 billion. The company’s quarterly operating revenue rose by 5% year-on-year, reaching $10.98 billion. Coca-Cola shares are up nearly 1%. At the close of the New York […]

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Ichimoku cloud indicator analysis on Gold for April 24th, 2023.

Gold price is trading around $1,980. According to the Ichimoku cloud indicator trend in the 4 hour chart is bearish. Price is trading below the Kumo (cloud). The tenkan-sen (Red line indicator) is below the kijun-sen (yellow line indicator) and both are negatively sloped. The Chikou span (black line indicator) is also below the candlestick […]

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Fading bullish sentiment in gold

Ahead of the weekend, gold’s drop below $2,000 per ounce undermined short-term bullish sentiment. However, due to such uncertainty regarding financial markets, few analysts and retail investors expect significant sell-offs of the yellow metal in the near future. The threat of inflation in the economy as a whole, and better-than-expected U.S. economic data have caused […]

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Analysis of Gold for April 24, 2023 – Potential for the upside movement

Technical analysis: Gold has been trading downside in the background and I see key support cluster at the price of $1.973. I see potential for the upside movement today. Due to the strong upside condition on the longer time-frame and the key support on the test, I see potential for the further upside movement. Upside […]

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Gold in sellers’ territory

The price of gold is trading in the red at 1,977 below today’s high of 1,985. The bias is bearish in the short term despite temporary rebounds. As you already know, the US manufacturing and services data came in better than expected on Friday confirming expansion. Today, the technical factors could lead the rate. Fundamentally, […]

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