Bitcoin ended the previous working week on a bearish note, breaking below the key support level of $27,000. This move weakened the local upward trend that had been forming since mid-September. The new trading week began with a strong upward surge, allowing BTC to reach $27,900 momentarily and eventually stabilize near $27,700. Despite the confident […]
Blue lines- Fibonacci retracement levels green lines- bullish divergence signal Red line- resistance trend line AAPL stock price is trading around $178.84. Price recently made a strong bounce despite making new lower lows at $169. Price has now reached the red downward sloping resistance trend line at $182. The lower low in price was not […]
Red lines- trading range Blue lines- Fibonacci retracement levels Eurostoxx50 index is trading around 4,129. Last week the index back tested the lower boundary of the trading range it was in. Previous support at 4,200 is now resistance. Price got rejected and the beginning of the week finds the index under pressure. As long as […]
Blue lines- bearish channel Black line- horizontal resistance XRPUSD is trading around $0.49. Price has broken above the short-term bearish channel it was. XRPUSD made a low around $0.4727 and is now bouncing higher towards the horizontal resistance of $0.5050. Having broken the bearish channel has provided us with a sign of strength. The area […]
Gold price is trading around $1,915 after making a high around $1,932. Gold’s strong rise at the end of last week brought price at the major Kumo (cloud) resistance in the Daily chart. According to the Ichimoku cloud indicator trend remains bearish as price is still below the cloud. Although trend is bearish, price is […]
EURUSD is trading around 1.0533. According to the Ichimoku cloud indicator the Daily chart remains bearish as price is still below the Kumo (cloud). Price got rejected at the kijun-sen (yellow line indicator) resistance. Price is trading below the tenkan-sen (red line indicator). The last bounce in price found strong resistance at 1.0610. The Chikou […]
Analysis of transactions and trading tips on GBP/USD The test of 1.2155, coinciding with the decline of the MACD line from zero, prompted a sell signal that led to a price decrease of around 15 pips. However, it did not reach a new daily low, which suggests weak selling pressure amid a minimal upward correction […]
Analysis of transactions and trading tips on EUR/USD The test of 1.0537 earlier in the day took place when the MACD line moved upward from zero, prompting a signal to buy. However, no strong price increase occurred and trading continued around 1.0537. Market volatility remained low due to the empty macroeconomic calendar and comments from […]
On Friday, the EUR/USD pair bounced off the corrective level of 161.8% (1.0561), reversing in favor of the US dollar, and continued its decline towards the level of 1.0489. If the pair consolidates above this level, it will favor the euro, potentially leading to some growth towards 1.0561. A sustained break below 1.0489 significantly increases […]
On the hourly chart, the GBP/USD pair made a new reversal in favor of the US dollar on Friday, settling below the level of 1.2175 and falling almost to the level of 1.2112. There was no rebound from this level, so we didn’t get a buy signal. The fixation of quotes above 1.2175 today will […]
The GBP/USD currency pair spent Thursday and Friday in a downtrend. During these days, the American currency strengthened quite significantly, even though there were no macroeconomic or fundamental reasons for this. The decline in both major currency pairs began after the US inflation report was published on Thursday, but the report itself was not sensational. […]
Potential for the further rally on BTC The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Dollar pulls back; ECB sends clearer cut… April 12, 2024 Dollar takes a breather, but Fed bets remain unchanged Euro…The market is disappointed and softening expectations for… April 12, 2024 After the latest inflation […]
Last week, the US released its key inflation report, which painted a somewhat contradictory picture. On one side of the scale, we had the Producer Price Index and the Consumer Price Index, which entered the “green zone.” On the other side, we had the Core CPI, which hit its lowest point since September 2021. This […]
The currency pair EUR/USD continued its downward movement calmly throughout Friday. After the pair had been in a completely logical downtrend for two months and covered a distance of 800 points during that time, it was time for a correction. The European currency managed to correct by 180 points in just 5-7 trading days, and […]
Friday turned out to be a rather dull day, with a very weak news background. Both instruments continued to decline, which, in my opinion, is not entirely logical, but the assumed waves 2 or b may take on a three-wave form. I would even say they should take on a three-wave form. The initial waves […]
Technical analysis: USD/JPY has been trading sideways at the price of 149.50 and there is potential for the breakout play. In case of the breakout of the resistance level 149.65 and hold above, I see potential for the further rally towards 149.90 and 150.20 In case of the downside breakout of the support level at […]
Details of the Economic Calendar on October 13 The acceleration of the decline in industrial production in the EU, from -2.2% to -5.1% (versus expectations of -3.2%), led to the weakening of the European currency. Analysis of Trading Charts from October 13 The EUR/USD currency pair reached the 1.0500 support level during an intense downward […]
Last Friday, the pair formed several entry signals. Let’s see what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.2224 as a possible entry point. A rise and a false breakout at this mark produced a sell signal, sending the pair down to the support level at 1.2172, making […]
Last Friday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.0559 as a possible entry point. A rise and a false breakout at this mark formed a sell signal, sending the price down by more than 40 […]
Let’s take a look at the technical picture of EUR/USD, GBP/USD, Bitcoin and Ethereum. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for ETH/USD (Ethereum) for April 12-15,… April 12, 2024 ETH/USD is trading around 3,478, having a technical correction as…Weekly Forex Outlook: 12/04/2024 – More inflation data on… April […]
Trend analysis (Fig. 1). The GBP/USD currency pair may move upward from the level of 1.2139 (closing of Friday’s daily candle) to 1.2215, the 23.6% pullback level (red dotted line). From this level, the price may continue to move up. Fig. 1 (daily chart). Comprehensive analysis: Indicator analysis – up; Fibonacci levels – up; Volumes […]
Trend analysis This week, GBP/USD may move upwards from the level of 1.2138 (closing price of the last weekly candle) to the 23.6% retracement level of 1.2353 (red dashed line). Upon reaching this price, the pair will rise further to the 38.2% retracement level of 1.2504 (red dashed line). Fig. 1 (weekly chart) Comprehensive analysis: […]
Trend analysis EUR/USD may move upward this week, starting from the level of 1.0507 (closing price of the last weekly candle) to the 14.6% retracement level of 1.0602 (red dashed line). After reaching this price, the pair will climb further towards the 23.6% retracement level of 1.0673 (red dashed line). Fig. 1 (weekly chart) Comprehensive […]
The fact that the eurozone industrial production contracted more than expected, from -2.2% to -5.1%, exerted significant downward pressure on the euro. This was exacerbated by the fact that the consensus estimate was a fall to -3.2%. However, this only reinforced the dollar’s overbought condition, so by the end of trading, the pair rebounded. This […]
Trend analysis (Fig. 1). The EUR/USD currency pair may move upward from the level of 1.0507 (closing of Friday’s daily candle) to 1.0568, the 14.6% pullback level (blue dotted line). In the case of testing this level, a continued upward movement is possible with a target at the 1.0598 resistance level (red thick line). Fig. […]
Even though on the 4-hour chart the EUR/GBP cross currency pair is being corrected upwards, it is actually still moving in a downtrend, which can be seen from the appearance of the Bearish 123 pattern followed by the Bearish Ross Hook (RH) which coincidentally is also confirmed by the appearance of hidden deviations. between its […]
If we look at the 4-hour chart, the AUD/USD commodity currency pair appears to be forming a Double Bottom pattern, but the Stochastic Oscillator indicator makes a deviation, so based on this, in the near future, as long as there is no weakening that passes below the 0.6289 level, AUD/USD has the potential to rally […]
Analysis of transactions and tips for trading USD/JPY The test of 149.65, coinciding with the downward movement of the MACD line from zero, prompted a sell signal that led to a price increase of around 20 pips. The decline from the psychological level of 150 and the intervention of the Bank of Japan hampered dollar […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2188, coinciding with the rise of the MACD line from zero, prompted a signal to buy. However, a strong price increase did not occur, resulting in losses. As for the test of 1.2156, it took place when the MACD line lay in the oversold […]
Analysis of transactions and tips for trading EUR/USD The test of 1.0532 took place when the MACD line from zero had not yet exited the negative area, making it inadvisable to enter long positions. By mid-day, another price test occurred, but this time at 1.0514. It coincided with the moment when the MACD fell considerably […]
