EURUSD still in the mid-term downward channel.
As shown in the figure, the EURUSD fell from a high of 1.2349 on January 6 to a low of 1.1704 on March 31, and rebounded sharply to around 1.2150 in April. The entire graph can form a "mid-term downtrend channel". The current price Around 1.20 integers.
The EURUSD price must rise above the April 29 high of 1.2150 in the short term for the April upward trend to continue.
Otherwise, the higher probability that the EURUSD will continue to trend downward in the "mid-term downward trend channel" in the future.
Update: May.6th 2021
Forecast validity: 5 - 15 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#EURUSD
Detail and Tracking:
https://www.tradingview.com/chart/EURUSD/o1NkxgYT-EURUSD/
As shown in the figure, the EURUSD fell from a high of 1.2349 on January 6 to a low of 1.1704 on March 31, and rebounded sharply to around 1.2150 in April. The entire graph can form a "mid-term downtrend channel". The current price Around 1.20 integers.
The EURUSD price must rise above the April 29 high of 1.2150 in the short term for the April upward trend to continue.
Otherwise, the higher probability that the EURUSD will continue to trend downward in the "mid-term downward trend channel" in the future.
Update: May.6th 2021
Forecast validity: 5 - 15 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#EURUSD
Detail and Tracking:
https://www.tradingview.com/chart/EURUSD/o1NkxgYT-EURUSD/
Gold (XAUUAS) Short-term rise, but long-term bearish.
The gold price is $ 2075 / oz from August 2020 falling to the low $ 1676 / oz in March 2021, and the chart pattern presents a downtrend.
March-April gold prices rose mainly due to
1. U.S. Dollar Index fell.
2. The U.S. Treasury Yield Curve Rates at a range of 1.6-1.7%, stay in the range and no longer rise.
3. The World's Macroeconomy has inflation doubts in the future.
By the technical analysis:
Daily Chart, the Moving Average System: MA60 has "Death Cross" MA200 on February 10th, so it is recommended to sell at a high position.
Although the price may continue to rise in the short term, it is still recommended to go short below the moving average (MA200).
Recent range: 1765 - 1860
Update: May 07. 2021
Forecast validity: 10 - 20 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#XAUUSD
#Gold
Detail and Tracking:
https://www.tradingview.com/chart/XAUUSD/Tx3oHDc4
The gold price is $ 2075 / oz from August 2020 falling to the low $ 1676 / oz in March 2021, and the chart pattern presents a downtrend.
March-April gold prices rose mainly due to
1. U.S. Dollar Index fell.
2. The U.S. Treasury Yield Curve Rates at a range of 1.6-1.7%, stay in the range and no longer rise.
3. The World's Macroeconomy has inflation doubts in the future.
By the technical analysis:
Daily Chart, the Moving Average System: MA60 has "Death Cross" MA200 on February 10th, so it is recommended to sell at a high position.
Although the price may continue to rise in the short term, it is still recommended to go short below the moving average (MA200).
Recent range: 1765 - 1860
Update: May 07. 2021
Forecast validity: 10 - 20 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#XAUUSD
#Gold
Detail and Tracking:
https://www.tradingview.com/chart/XAUUSD/Tx3oHDc4
BitCoin is still bullish in the Long-term.
Recently, most of the funds in the crypto market have been transferred to Dogecoin(DOGEUSDT).
The price of Bitcoin has been in a consolidation pattern since it reached a high of USD.64895 on April 14th, and it is still in a sideways order at USD.52000-5900 (as shown in the yellow box).
BitCoin is still bullish in the Long-term:
1. Buy at low price level. (support)
2. Break through the upper resistance of the "Uptrend Channel" to chase long.
Recent range: USD.50000 - 65000
Update: May 10. 2021
Forecast validity: 20 - 60 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#BTCUSD
#BitCoin
#Crypto
Detail and Tracking:
https://www.tradingview.com/chart/BTCUSD/qbBrAsxd
Recently, most of the funds in the crypto market have been transferred to Dogecoin(DOGEUSDT).
The price of Bitcoin has been in a consolidation pattern since it reached a high of USD.64895 on April 14th, and it is still in a sideways order at USD.52000-5900 (as shown in the yellow box).
BitCoin is still bullish in the Long-term:
1. Buy at low price level. (support)
2. Break through the upper resistance of the "Uptrend Channel" to chase long.
Recent range: USD.50000 - 65000
Update: May 10. 2021
Forecast validity: 20 - 60 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#BTCUSD
#BitCoin
#Crypto
Detail and Tracking:
https://www.tradingview.com/chart/BTCUSD/qbBrAsxd