Trading Analysis for BTCUSD
08/10/2024
Bitcoin remains in a range-bound trading pattern, moving between $62,000 and $67,000, with significant inflows into Bitcoin-related ETFs maintaining bullish sentiment. Institutional investors are taking note of these inflows, signaling that despite market volatility, underlying demand remains strong.
Trading Analysis for BTCUSD
30/09/2024
Bitcoin has held above the $65,000 mark, supported by strong inflows into Bitcoin-spot ETFs. A recent rate cut by the Federal Reserve and positive labor market data have encouraged risk-on sentiment, pushing institutional interest higher. However, the release of Mt. Gox repayments, which could introduce around 44,905 BTC into the market, poses a potential risk for a supply-side shock.
Trading Analysis for XAUUSD
30/09/2024
Gold (XAU/USD) has been trading with heightened volatility, breaking past the $2,650 level but facing significant resistance around $2,675. This recent surge in demand is fueled by global economic concerns, particularly the U.S. debt crisis, now exceeding $35 trillion, which continues to elevate gold’s status as a safe-haven asset.
Trading Analysis for EURUSD
30/09/2024
The EUR/USD pair continues to display heightened volatility as we head into the final days of September and the beginning of October. The exchange rate is currently hovering around 1.1163, having faced strong resistance near the 1.1200 level. Despite this, the pair remains in a bullish overall trend as traders gear up for several critical economic data releases later this week.
Trading Analysis for EURUSD
23/09/2024
The EUR/USD pair exhibited a strong performance over the past week, reaching highs near 1.1190, and maintaining levels around 1.1160 by the end of the trading week. Market sentiment leaned bullish, driven by the Federal Reserve’s aggressive 50 basis point rate cut, pushing the US dollar lower.
Trading Analysis for XAUUSD
23/09/2024
Gold (XAU/USD) has recently surpassed the $2,600 level, showcasing strong bullish momentum driven by a combination of geopolitical factors and favorable economic conditions. Over the past week, gold prices broke through crucial resistance levels, with the next target being in the $2,650 to $2,661 range.
Trading Analysis for BTCUSD
23/09/2024
Bitcoin (BTC) has been riding a wave of momentum following key developments such as large institutional inflows and central bank moves. Over the past week, Bitcoin’s price approached $64,000 before experiencing a slight retracement, driven largely by whale investors acquiring approximately $1.5 billion worth of BTC after the Fed’s 50bps rate cut.
Trading Analysis for BTCUSD
16/09/2024
Bitcoin (BTC) has been steadily recovering over the past week, bouncing off a critical support level near $56,000. The cryptocurrency has gained approximately 6%, reaching a current trading range around $58,000.
Trading Analysis for XAUUSD
16/09/2024
Gold prices have seen consistent strength, with the metal nearing record highs in recent trading sessions. At the start of this week, gold hit the $2,589 level before experiencing a minor pullback to around $2,581.
Trading Analysis for EURUSD
16/09/2024
Over the past week, the EUR/USD pair experienced a recovery after initially falling in the early part of the week. The Euro bounced back, recovering from earlier losses due to hawkish sentiment from the European Central Bank (ECB), which offset some of the downward pressure.
