Bitcoin Cash is ranging in the short term, that’s why we have to wait for fresh opportunities. It’s located at 242.96 at the time of writing. Bitcoin’s sideways movement forced the altcoin to move in range as well. Bitcoin Cash is down by 0.55% in the last 24 hours and by 3.51% in the last […]
Litecoin is moving sideways in the short term. It’s trading at 68.65 at the time of writing. After the last strong upside movement, a retreat was natural. The price continues to accumulate more bullish energy before jumping higher. In the short term, it seems undecided, that’s why we have to wait for fresh opportunities. In […]
The “bulls” on EUR/USD are not bothered by the eurozone GDP contracting by 0.1% in the third quarter or the slowing inflation of 2.9% in October, which essentially marks the end of the ECB’s monetary policy tightening cycle. On paper, this data supports the idea of a dovish ECB pivot in the first half of […]
The wave analysis of the 4-hour chart for the euro/dollar pair remains quite clear. Over the past year, we have only seen three wave structures that alternate with each other. For the past few months, I have regularly mentioned that I expect the pair to reach around 1.20, where the construction of the last upward […]
The USD/CAD pair is trading at 1.3876 at the time of writing. The USD appreciated versus its rivals as the Dollar Index edged higher. Still, an upside continuation needs confirmation. The bias remains bullish despite temporary retreats. Fundamentally, the currency pair rallied as the CAD was punished by the Canadian GDP which reported only a […]
NZD/USD is trading in a bearish zone: medium-term, it’s below resistance levels 0.6110 (50 EMA on the weekly chart), 0.6080 (200 EMA on the daily chart); long-term, it’s below resistance levels at 0.6400, 0.6455 (200 EMA on the weekly chart), 0.6485 (50% Fibonacci level in the downward wave from 0.7465 in February 2021 to the […]
EURUSD bears jump into the action from near 1.0665 again Short-term oscillators point to no clear directional momentum But as long as the pair remains below 1.0665, the slide could continue EURUSD traded higher on Tuesday, extending Monday’s recovery, but the advance was stopped again near the key resistance territory of 1.0665, slightly above the […]
Early in the American session, gold (XAUUSD) is trading around 1,991 within an uptrend channel formed since October 24 and above the 21 SMA. It is expected to continue rising in the coming as strong bullish momentum is observed. In case gold consolidates above 1,990, it could reach the psychological level of $2,000. Gold prices […]
Let’s take a look at the technical picture of EUR/USD, USD/JPY, AUD/USD and NZD/USD. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Weekly forecast based on simplified wave analysis of… April 8, 2024 GBP/USDAnalysis:Since July last year, the main direction of price movement…Weekly forecast based on simplified wave analysis of… April 8, […]
The AUD/USD pair crashed today and it seems determined to hit new lows. It’s trading at 0.6333 at the time of writing. The Dollar Index upside continuation should force the USD to dominate the currency market, to appreciate versus its rivals. Fundamentally, the USD received a helping hand from the US CB Consumer Confidence, Employment […]
Apple reports Q3 financial results on Thursday after closing bell Revenue expected to contract but earnings will pick up Share price fell below 200-day SMA for the first time since March Solid year but financials lag The most valuable publicly traded company in the world has been exhibiting a strong performance in 2023, with its share […]
We’re thrilled by the success of our 2 seminars in Mexico this September. It was an exciting and fulfilling experience to welcome traders in Mexico City and Oaxaca, for two fantastic seminars with renowned LATAM trading instructor, Christian Borjon. The ‘Trading from Zero’ seminar introduced attendees to the basics of forex and the financial markets. […]
Red line -support trend line Yellow line- bearish RSI divergence Black lines- triangle pattern Blue lines – Fibonacci retracement levels Gold price continues to trade sideways around $1,995 price level. Price so far continues to respect the red upward sloping support trend line as price is forming a triangle pattern with a base around $1,990 […]
Red lines- bearish channel blue lines- Fibonacci retracement levels Eurostoxx50 is trading around 4,067. Our pull back target of 4,020, after breaking below 4,200, has been achieved. The Eu50 index has made a double bottom thus far around 3,990 and taking into consideration that the RSI is at oversold levels, the chances of a bounce […]
Nvidia’s stock prints bearish trend pattern 400 could be critical for a negative reversal Nvidia’s stock has formed a bearish head and shoulders pattern near its all-time high of 497.90. This suggests that the upward trend of almost one year may be over. The negative structure is not officially approved as the bears have […]
EURUSD is trading around 1.0630 after making earlier a high at 1.0675. According to the Ichimoku cloud indicator in the daily chart, trend remains bearish a price is still below the Daily Kumo (cloud) resistance. The Chikou span (black line indicator) is still below the candlestick pattern (bearish). The tenkan-sen (red line indicator) provides support […]
Red line- major resistance trend line Yellow rectangle- horizontal resistance Blue lines- Fibonacci retracement levels Black line- support trend line XRPUSD is trading around $0.60 making new weekly highs relative to last week. The previous week price closed right on top of the major horizontal resistance and key pivot point at $0.555. This week bulls […]
Trade Analysis and Tips for Trading the British Pound The first test of the price at 1.2158 occurred when the MACD indicator was in the overbought zone, which clearly limited the pair’s further downward potential. The second test at 1.2158 coincided with a drop in the MACD from the overbought zone, which appeared to be […]
The Bank of Japan today concluded the results of its latest meeting, which is the second-to-last meeting of the year. The results turned out to be quite contradictory. On one hand, the regulator abandoned a strict upper limit for the yield on government bonds. On the other hand, the central bank assured market participants of […]
Analysis of Trades and Trading Tips for the European Currency The test of the price at 1.0624 occurred when the MACD indicator had risen quite a bit from the zero level, which, in my opinion, limited the pair’s upward potential. For this reason, I did not buy the euro. However, strong GDP data from France […]
EURCHF continues to edge aggressively higher It tests the support set by a long-term descending trendline Momentum indicators point to further upside EURCHF is edging higher again today, continuing on the strong uptrend that commenced after the pair registered its lowest level since September 26, 2022. EURCHF is actually recording six consecutive green candles for […]
In my morning forecast, I pointed out the level of 1.2172 and recommended using it as a reference for market entry decisions. Let’s take a look at the 5-minute chart and analyze what happened there. The rise and formation of a false breakout at this level provided an excellent entry point for short positions, but […]
In my morning forecast, I emphasized the level of 1.0611 and recommended making entry decisions based on it. Let’s take a look at the 5-minute chart and analyze what happened there. The rise and formation of a false breakout around 1.0611 led to a sell signal, but the downward movement never occurred. As a result, […]
On Monday, the EUR/USD pair rebounded from the level of 1.0561, reversed in favor of the European currency, and resumed its upward movement towards the corrective level of 23.6% (.0644). A rebound from this level would work in favor of the US dollar and lead to a resumption of the decline towards 1.0561. Closing quotes […]
On the hourly chart, the GBP/USD pair rebounded from the level of 1.2106 on Monday and rose to the level of 1.2175, from which there was also a rebound. However, at the moment, the pair has returned to the level of 1.2175. A new rebound from this level will work in favor of the American […]
Potential breakout on the BTCUSD The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Can Q1 earnings season refuel the equity market rally? –… April 7, 2024 Earnings parade unofficially starts on April 12 with […]
EURGBP moves further away from the upper end of a prior range Both the MACD and the RSI indicate positive momentum These signs paint a cautiously positive short-term picture EURGBP bulls have gained the upper hand this week, distancing themselves from the key barrier of 0.8700, fractionally above which the pair has been oscillating since […]
Technical analysis: BTC/USD has been trading sideways (rectangle pattern in creation) at the price of $34.400 and there is potential for the breakout mode in the next period. In case of the upside breakout of the resistance at $35.200, there is the chance for the further growth towards $37.000 adn $38.000 In case of the […]
GBP/USD Downside Could Be Over! The GBP/USD pair is trading somehow sideways in the short term and it seems undecided. It’s located at 1.2181 at the time of writing. As you can see on the h1 chart, the rate dropped as much as 1.2056 where it has found strong demand. Technically, the downtrend line represents […]
Technical analysis: GBP/USD has been trading sideways (symmetrical triangle pattern in creation) at the price of 1.2185 and there is potential for the breakout mode in the next period. In case of the upside breakout fo the resistance at 1.2450, there is the chance for the rally towards the 1.2460 In case of the downside […]
