EUR/USD started a fresh decline and traded below 1.0350. EUR/JPY is also diving and remains at a risk of more losses below 138.50.
Important Takeaways for EUR/USD and EUR/JPY
· The Euro started a major decline from the 1.0500 and 1.0480 resistance levels.
· There is a key bearish trend line forming with resistance near 1.0400 on the hourly chart.
· EUR/JPY also...
The British Pound slid once again during the early hours of this morning to 1.20 against the US Dollar, signaling a return to the low point that it reached last week.
This morning's slump for the British Pound takes place during a time at which the current British government is in turmoil, with two senior ministers having resigned from their positions during...
ETHUSD: Bullish Doji Star Pattern Above $1040
Ethereum has started its bullish momentum against the US dollar after moving into a consolidation channel last week and is now trading above the $1100 handle in the US trading session.
We can see a continued appreciation in the prices of Ethereum, mainly due to the buying seen at lower levels by the medium-term...
Gold price started a major decline below the $1,800 support zone. Crude oil price is attempting a recovery wave from the $93.20 zone.
Important Takeaways for Gold and Oil
· Gold price struggled above $1,800 and declined against the US Dollar.
· There is a key bearish trend line forming with resistance near $1,750 on the hourly chart of gold.
· Crude oil price...
GBP/USD started a fresh decline from the 1.2165 resistance. EUR/GBP declined heavily and tested the 0.8440 support zone.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a fresh decline from the 1.2165 zone against the US Dollar.
· There is a key bullish trend line forming with support near 1.1960 on the hourly chart of GBP/USD.
· EUR/GBP...
BTCUSD: Double Top Pattern Below $22015
Bitcoin was unable to sustain its bullish momentum last week, and after touching a high of 22181 on 8th July, started to decline against the US dollar. The downfall of bitcoin continues today and is now trading below the $20000 handle in the European trading session.
The price of bitcoin failed to clear its resistance...
The Big Tech stocks which are listed on prominent North American stock exchanges have been unusually volatile recently.
Large technology companies such as Microsoft, Apple and Google are often regarded by traders as steady, non-volatile investments which only move very slightly, hence their wide-ranging popularity among all kinds of traders and...
EUR/USD extended decline and tested the 1.0000 support. USD/JPY is rising and might continue to gain pace towards the 140.00 resistance
Important Takeaways for EUR/USD and USD/JPY
· The Euro started a fresh decline and even tested the 1.0000 support.
· There is a major bearish trend line forming with resistance near 1.0035 on the hourly chart of EUR/USD.
·...
ETHUSD: Ascending Triangle Pattern Above $1006
Ethereum was unable to sustain its bullish momentum, and after touching a high of 1251 on 9th July started to decline against the US dollar touching a low of 1006 on 13th July.
After this steep decline, we can see that the prices have recovered and started upwards correction with a bullish momentum.
We can see...
AUD/USD is attempting a recovery wave above the 0.6750 resistance. NZD/USD is also eyeing a key upside break above the 0.6140 resistance.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh decline below the 0.6800 support zone against the US Dollar.
· There is a key bearish trend line forming with resistance near 0.6750 on the hourly...
GBP/USD could gain pace if it clears the 1.1900 resistance zone. USD/CAD is sliding and could extend losses below the 1.3000 level.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound is attempting an upside correction from the 1.1800 support zone.
· There is a key bearish trend line forming with resistance near 1.1900 on the hourly chart of...
Gold has been struggling to maintain the values that it reached during the spring of 2022 over recent months, and by the middle of July it had reached a 1-year low.
Whereas the prices in May had reached $1,980 per ounce, Gold had dropped to $1,700 by July 14.
Today, however, a slight upturn in the value of Gold has begun to make itself evident, and this...
The British Pound has been subjected to an onslaught of challenges recently.
These challenges have not been short term ones, either.
Over the past two years, there have been factors which have had an overreaching effect on the economic circumstances of most Western nations, including government-enforced lockdowns, which were the first in a series of policies...
BTCUSD: Triple Bottom Pattern Above $19640
Bitcoin was unable to sustain its bearish momentum and after touching a low of 18991 on 13th July started to correct upwards breaching the $22000 handle on 18th July.
We can see a continued appreciation in the price of bitcoin as global investor sentiments have improved leading to buying action seen in the markets at...
EUR/USD started a recovery wave above the 1.0200 level. USD/CHF is declining and broke a key support near the 0.9750 zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro started a decent recovery wave above the 1.0150 zone against the US Dollar.
· There is a key bullish trend line forming with support near 1.0225 on the hourly chart of EUR/USD.
·...
ETHUSD: Hanging Man Pattern Below $1627
Ethereum was unable to sustain its bullish momentum and after touching a high of 1627 on 19th July started to decline against the US dollar coming down below the $1500 handle in the European trading session today.
We can see that ETH is losing ground against the US dollar and no major uptrend formation was seen.
The...
Gold price started a major decline below the $1,725 support zone. Crude oil price is attempting a fresh increase from the $88.80 support zone.
Important Takeaways for Gold and Oil
· Gold price struggled above $1,740 and declined against the US Dollar.
· Recently, there was a break above a key bearish trend line with resistance near $1,705 on the hourly chart of...
GBP/USD started a recovery wave above the 1.1950 resistance zone. GBP/JPY declined and remains at a risk of more losses below 163.00.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound started a recovery wave above the 1.1950 resistance against the US Dollar.
· There is a major bullish trend line forming with support near 1.1960 on the hourly chart...
