Aleksin_Aleksandar

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.

Aleksin_Aleksandar Updated 

It is very certain that if the current trend continues, EURUSD could revisit the 1.05000 support zone. In 2023, we managed to hold on to that level twice and return to the bullish side. This year, the pair has strong resistance in the 1.12000 zone, and that level is a big obstacle for us, and the additional flow is the formation of a lower high and bearish...

Aleksin_Aleksandar Updated 

In the coming week, we can hope that the price of gold will continue to retreat, and the target is the $2600 zone. Trump's victory shifts money into digital assets, which could cause the price of gold to continue to sink.

Aleksin_Aleksandar

There is an increasing chance that we will see GBPUSD around the 1.26000 level. The target is to test the lower trend line, where we expect new, more concrete support.

Aleksin_Aleksandar

The dollar index continues its struggle in the 105.00 zone. On the upside, we have a resistance line and expect to hold below. New President Trump needs a weaker dollar index to boost exports. We will see new data on US inflation on Wednesday. Forecasts are that inflation could remain at the same level as last month. If this happens or the data is weaker than the...

Aleksin_Aleksandar Updated 

Bitcoin could go into some sideways consolidation before returning to the $73000 level. There, we would retest the zone of the previous break. For further, we will see. The bullish trend is still strong, and this is just an option to find a new support level from which we could initiate a new bullish consolidation.

Aleksin_Aleksandar Updated 

USDCAD is in a good position to begin a deeper pullback. Tonight's interest rate cut by the FED could further strengthen the bearish momentum. The main target is the 1.36500 level on the EMA 200 moving average.

Aleksin_Aleksandar Updated 

EURAUD has an opportunity to initiate a bullish recovery in the coming days. A return above 1.63500 would be a great move and confirmation of our scenario.

Aleksin_Aleksandar Updated 

The dollar index has been losing its previous bullish momentum for a couple of days now, encountering resistance in the 104.50-104.70 zone. This resistance coincides with the resistance from the end of July. From this morning, we see a pullback to the 104.00 level and a hint of a turn to the bearish side. The first target is the EMA 200 daily at 103.40. If the...

Aleksin_Aleksandar Updated 

Ethereum on the verge of returning above the $2700 level. We also expect to see the formation of a new October high, with a target of $2800.

Aleksin_Aleksandar Updated 

After breaking the previous high, Bitcoin made a retest and started a new bullish consolidation. We also see a break of the upper trend line and a strengthening of the bullish momentum. Everything indicates that we will visit the ATH zone again and attack it to create a new one. The target is -0.618% Fibonacci level and $74600. It would be nice to see Bitcoin at...

Aleksin_Aleksandar

Pair EURUSD managed to return above EMA 200 hourly time frame. We are in the zone of a potential retest, from where the EURUSD could start a new bullish consolidation. A break above 1.09000 could be a good springboard for growth towards the 1.10000 level.

Aleksin_Aleksandar

USDCHF, we have a double top in the 0.87000 zone. After that, the pair loses momentum and retreats to 0.86600. This support of around 0.86500 is critical. If we break below, we will see a more significant pullback with potential targets at 0.86000 and 0.85500.

Aleksin_Aleksandar

Fibonacci says gold continues up into the $2775-$2830 zone. What do you think, does the price go up to $3000 after that?

Aleksin_Aleksandar

The price of gold has a new opportunity to start a bullish consolidation and reach $2700 for the first time. We have a break of the previous resistance line and a retest at the breakpoint. The price has initial momentum, and we expect momentum to strengthen above $2675.