Aleksin_Aleksandar

Aleksin_Aleksandar Updated 

$76,600 is a new five-month low for Bitcoin formed this morning. After failing to stabilize above $90,000, the price started a new pullback. An additional failure is that no new high was formed, and a new lower low was formed compared to February 28. Bitcoin is currently recovering and we could see a return to the $86000-$88000 zone.

Aleksin_Aleksandar Updated 

EURAUD could soon make a pullback after a two-week bullish rally. The pair rose by 1000 pips in that period, a similar jump to last year.

Aleksin_Aleksandar

EURUSD loses bullish momentum. We see a deceleration of the bullish impulse and a transition to consolidation that led to a breakout of the trend line below 1.08500. The next important level is 1.08000 because below that we can expect a stronger pullback, maybe even a return to 1.05000.

Aleksin_Aleksandar Updated 

In the first Fibonacci setup, we observe a retracement of the index to the 61.8% Fibonacci level, after which a trendline could be drawn. Applying a second Fibonacci retracement on the chart reveals that the Dollar Index once again found support within the 50.0%-61.8% zone. In January of this year, the dollar attempted to break above the 110.00 level but...

Aleksin_Aleksandar Updated 

USDJPY is on track to pull back to the 140.00 support zone. Last year, we received support twice in that zone and successfully returned to the bullish side. At the beginning of this year, the pair failed to break above the 160.00 level and retest the previous low. This triggered a bearish consolidation that is still current.

Aleksin_Aleksandar Updated 

Where will the price of gold in the week US CPI? A strong CPI could halt the rise in gold prices, hinting that the Fed may delay a rate cut scheduled for next week. A weaker CPI indicates that we are continuing towards the target of 2.00% and this would mean that the Fed continues to cut interest rates and dovish policy. A break below $2900 would push the price to...

Aleksin_Aleksandar Updated 

EURCAD is close to the multi-year resistance zone from where we could have a good opportunity for a pullback and a return to the bearish side.

Aleksin_Aleksandar Updated 

EURUSD enters an interesting zone and is close to a retest of the previous double top from last year. The pair has good momentum to revisit the 1.10000 level.

Aleksin_Aleksandar Updated 

USDCHF continues its bearish trend since mid-January and all indications are that we will see a return back down to the zone around 0.84000. The pair failed to break above the EMA 200 weekly moving average, which further increased the pressure on the dollar.

Aleksin_Aleksandar

Oil is on a big test in the $68.50 zone. With a break above, the chances for a retest of the $70.00 level increase. A little higher in the $71.00 zone, the EMA 200 moving average is approaching, which was an obstacle to further oil price recovery on the previous two occasions.

Aleksin_Aleksandar Updated 

The JPY index has the opportunity to push the Japanese yen and thereby strengthen the currency against others in the next month.

Aleksin_Aleksandar Updated 

The dollar index is slightly defensive. The result is a break of the ascending trend line. For now, the dollar is supported by the EMA 50 moving average. If the index falls below the moving average line, the index would retreat below 107.00. A potential target is 106.00 on the EMA200 daily moving average.

Aleksin_Aleksandar Updated 

The oil price is on shaky ground and could easily fall below the four-year support zone. The price of oil would drop to $60.00. The announcement of the US-China, US-Canada-Mexico, and US-EU trade war will cause us to see a lower flow of goods globally, and therefore, we will see a decrease in the demand for oil. In such a scenario, oil will continue to fall to...

Aleksin_Aleksandar

Gold is getting closer to the $3000 level, and if the bullish trend continues next week, we can expect a jump to the $2920-2950 range. The price is supported by all moving averages and shows no signs of weakness or slowing of the bullish trend.

Aleksin_Aleksandar Updated 

EURJPY has the potential for a bigger pullback if we see a further decline initiated in the latter part of last year. The pair is already down 1,500 pips from last year's high. We have the H&S formation and are awaiting a break of the neckline for further decline. A possible target is 150.00, while the 140.00 level is less likely. A return above 170.00 puts us...

Aleksin_Aleksandar

EURAUD potential to continue on the bearish side. The pair formed a double top, and on Friday, we saw a breakout below the neckline. We can expect further extension to 1.63500. If the pressure on the EURAUD continues, a drop to the 1.60000 support zone will follow.

Aleksin_Aleksandar

Now, we start thinking about the bullish side. This morning, the oil price formed a new high for the last seven days, since last Monday. By placing Fibonacci on the chart, we see a pullback stop in the 50.0-61.8% zone. Oil has formed a higher low since Friday, and we need an impulse to move back above the EMA 200 hourly moving average to strengthen the bullish...

Aleksin_Aleksandar Updated 

Oil and a perfect example of a bearish trend with Fibonacci. Also a perfect stop in the 50.0%-61.8% zone and continuation to the bearish side.