Aleksin_Aleksandar

Aleksin_Aleksandar

An excellent example of applying Fibonacci retracement levels in the calculation of where to expect the end of the pullback and the continuation of the trend. The oil price was very consistent and pullback resistance was stopped in the zone of the 61.8% Fibonacci level. Now we are waiting for the formation of a new bottom and a new pullback

Aleksin_Aleksandar Updated 

The EURUSD monthly chart is very predictable if we add Fibonacci. As we can see, the pullback stops at the 61.8% Fibonacci level. After that, the pair continued to fall and formed a new lower low. We expect that in the coming period, and the targets are 0.95000 and 0.90000 levels.

Aleksin_Aleksandar

Bitcoin has fallen below the daily EMA 20 moving average and is moving away from the previous high. $85000 is the next important support zone and if it doesn't hold, we can expect a drop down to $75000.

Aleksin_Aleksandar Updated 

The dollar is in a rush to return above 110.00 soon, while the picture suggests that it could continue to 115.00 during this year.

Aleksin_Aleksandar

EURUSD fell to a new January low. The pair did not last during this morning's Asian session, and we saw a continuation of the bearish trend. Now, we can pay attention to how the EURUSD will move around the 1.02000 level. Failure to move back above could push us down to 1.01500.

Aleksin_Aleksandar Updated 

Looking at WCUUSD, we can track the dollar index in another way. In essence, WCUUSD represents the dollar index, but the oscillations differ in some situations. Here we see that in August last year, we had a very unstable dollar behavior, which is not visible on the classic dollar index chart. Perhaps WCUUSD gives us a better insight into the potential trend of...

Aleksin_Aleksandar

EUR/USD is on its way to revisit the 1.03500 level, where we can expect the first resistance. If it breaks above this level, we will continue to the 1.04000 level.

Aleksin_Aleksandar

In addition to the good news for the dollar index on Friday, EURUSD has room to climb to 1.06500 and threaten the trend line. On the lower side, we see a crooked reverse H&S pattern, a break above the neckline. As long as we are above this line, we can hope for further recovery of the euro. A break above the trend line raises the EURUSD to 1.07000 and increases...

Aleksin_Aleksandar Updated 

Potential new support for Ethereum at $3500. In that zone, we will test the EMA 200 moving average, which was sufficient support for us on previous occasions to continue on the bullish side.

Aleksin_Aleksandar

EURUSD is struggling on Wednesday to hold above the 1.05000 level, and so far, it has had a lot of success in doing so. To continue on the bullish side, we need a break above 1.06000 and the formation of a higher high compared to the previous one. After that, the target is 1.07000. The inability of the euro to make such a move could push it below 1.03000.

Aleksin_Aleksandar

The dollar index remains under pressure below 107.00. The 106.00 level supports the index, and we need a break below to continue on the bearish side. 105.00 level is the next target.

Aleksin_Aleksandar Updated 

The price of gold has a chance to return above the $2600 level this week. During this morning's Asian session, gold managed to break through the previous movement zone and form a new higher high. We are currently testing the EMA 50 and hoping for a continuation to the EMA 200 in the $2620 zone.

Aleksin_Aleksandar Updated 

The dollar index loses bullish momentum after rising to the 107.00 level. We have already dipped below 106.50 and expect a further decline to 106.00. If the bearish momentum continues, the index could return below 105.00.

Aleksin_Aleksandar Updated 

EURCAD has a chance to continue its recovery this week. Now, we need momentum and a bounce above Friday's high, as well as the EMA 200 moving average. After that, the pair should return above 1.49000 and try to continue towards 1.50000.

Aleksin_Aleksandar Updated 

The World Currency Unit (WCU) is an indexed unit of account that stands for a unit of real global purchasing power. Since each unit by design represents a stable unit of purchasing power, the stipulated interest rate on WCU-denominated bonds represents a real interest rate. WCUUSD is another way to track the strength of the dollar index. With the setting of...

Aleksin_Aleksandar Updated 

Looking at the Fibonacci setup, EURUSD could soon get new support in the zone 50.0%-61.8% (1.04500-1.05000). There, we will test the next low from October 2023. Today, we have important news for the euro, namely the Eurozone GDP. Forecasts show that GDP growth is expected from 0.60% to 0.90% at the annual level. This could be the trigger for a return to the bullish side.

Aleksin_Aleksandar Updated 

EURCAD potential short-term recovery to 1.49000 level. We see a slight breakout of the downtrend and transition into a sideways trend. Now, we need a stronger bullish momentum for our bullish scenario. We will go to a new November low if that does not happen.

Aleksin_Aleksandar Updated 

Today, we see a positive price movement compared to yesterday when a new low was formed at $2589. The US session could bring new momentum and push the price above $2620. Gold has a chance to recover to the $2635 level. With that step, we return above the 38.2% Fibonacci level. If the bullish momentum continues, the next target is $2650 and the 0.50% Fibonacci level.