BTCUSD: Bearish Engulfing Pattern Below $25196
Bitcoin was unable to sustain its bullish momentum and after touching a high of 25196 on 15th Aug started to decline against the US dollar, coming below the $24000 handle today in the Asian trading session.
We can see that bitcoin failed to clear its resistance zone located at $25500 for the third time this...
Gold Price Drops While Crude Oil Price Aims Fresh Increase
Gold price started a fresh decline and traded below $1,650. Crude oil price is holding the $84.25 support and might start a fresh increase.
Important Takeaways for Gold and Oil
· Gold price failed to surpass $1,680 and started a fresh decline against the US Dollar.
· There is a key bearish trend line...
GBP/USD started a recovery wave and climbed above the 1.1300 resistance. EUR/GBP is trading above the 0.8650 support and might eye a fresh increase.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a fresh increase after it broke the 1.1250 resistance against the US Dollar.
· There was a break above a major bearish trend line at 1.1290 on...
BTCUSD: Bearish Engulfing Pattern Below $19685
Bitcoin was unable to sustain its bullish momentum and after touching a high of 19694 on 18th Oct, it started to decline touching a low of 18718 on 21st Oct.
We can see that bitcoin has made a failed attempt to cross the $20500 resistance on two separate occasions this month and is now back in the bearish zone.
We...
EUR/USD started a steady increase above the 0.9900 resistance zone. USD/JPY started a downside correction from the 152.00 resistance zone.
Important Takeaways for EUR/USD and USD/JPY
· The Euro formed a base and started a decent upward move above the 0.9850 zone.
· There is a major bullish trend line forming with support near 0.9910 on the hourly chart of...
ETHUSD: Inverted Hammer Pattern Above $1254
Ethereum was unable to sustain its bearish momentum and after touching a low of 1254 on 21st Oct, the prices started to correct upwards against the US dollar. The prices of Ethereum touched a high of 1593 on 26th Oct after which we can see a shift towards the consolidation phase in the markets.
We can see that the...
AUD/USD is moving higher and showing positive signs above 0.6400. NZD/USD is also rising and might aim more upsides above 0.5850.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh increase above the 0.6350 and 0.6400 levels against the US Dollar.
· There is a key bullish trend line forming with support at 0.6460 on the hourly chart...
GBP/USD is gaining pace above the 1.1500 resistance zone. USD/CAD is recovering and might rally if it clears the 1.3635 resistance zone.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound was able to move above the 1.1420 and 1.1500 resistance levels.
· There is a key contracting triangle forming with resistance near 1.1615 on the hourly chart of...
BTCUSD: Inverted Hammer Pattern Above $19187
Bitcoin was unable to sustain its bearish momentum and after touching a low of 19187 on 24th Oct, the prices started to correct upwards crossing the $20500 handle.
We can see continued appreciation in the price of BTCUSD which is now trading above the 20500 in the European trading session today.
We can see the...
EUR/USD is struggling to climb above the 0.9920 resistance zone. USD/CHF is consolidating gains above the 0.9950 support zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro started a fresh decline and traded below the 0.9950 zone against the US Dollar.
· There is a major bearish trend line forming with resistance near 0.9905 on the hourly chart of...
ETHUSD: Bullish Engulfing Pattern Above $1483
Ethereum was unable to sustain its bearish momentum and after touching a low of 1488 on 28th Oct, the prices started to correct upwards against the US dollar. The prices of Ethereum touched a high of 1642 on 29th Oct after which we can see a shift towards the consolidation phase in the markets.
We can see that the...
Gold price started an upside correction from the $1,615 zone. Crude oil price is rising and might clear the $90 resistance zone.
Important Takeaways for Gold and Oil
· Gold price found support near the $1,616 level and corrected higher against the US Dollar.
· There is a key bearish trend line forming with resistance near $1,650 on the hourly chart of gold.
·...
GBP/USD started a decent recovery wave above the 1.1250 resistance. GBP/JPY is also rising and might climb further higher above the 167.00 zone.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound started a recovery wave above the 1.1250 resistance against the US Dollar.
· There is a key bearish trend line forming with resistance near 1.1395 on the...
ETHUSD: Bearish Engulfing Pattern Below $1349
Ethereum was unable to sustain its bullish momentum and after touching a high of 1349 on 10th Nov, the prices started to decline against the US dollar touching a low of 1171 on 14th Nov.
After this decline, we can see some upwards correction in the levels of Ethereum above the $1200 handle.
We have seen a bearish...
Gold price climbed higher and traded above the $1,750 resistance. Crude oil price declined below the $86.00 and $83.80 support levels.
Important Takeaways for Gold and Oil
· Gold price found support near the $1,700 level and started a fresh increase against the US Dollar.
· There was a break below a key bullish trend line with support near $1,772 on the hourly...
GBP/USD climbed towards 1.2000 before it faced sellers. USD/CAD is rising and might gain pace above the 1.3450 resistance zone.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound was able to move above the 1.1800 and 1.1900 resistance levels.
· There is a key bearish trend line forming with resistance near 1.1900 on the hourly chart of GBP/USD.
·...
BTCUSD: Shooting Star Pattern Below $17110
Bitcoin was unable to sustain its bullish momentum and after touching a high of 17110 on 15th Nov, the prices started to decline against the US dollar touching a low of 15509 on 21st Nov.
The global demand for bitcoin continues to remain weak, and the prices are expected to break below the $15000 handle soon.
We can...
EUR/USD is eyeing a fresh increase above the 1.0320 resistance zone. USD/CHF is correcting gains and might test the 0.9475 support zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro started a fresh decline and tested the 1.0220 support against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.0315 on the hourly chart...
