Candles254

Candles254

The EURUSD hourly chart is showing some weakness in the EURO with the resistance level of 1.8854 (Fib 100%) and indicating that there is potential for further downturn. Aroon down is at 100% and Aron up at 57.14%. This shows that there is some mixed signal in the market and further confirmation is needed to guarantee further slipping of the Euro. Looking at the...

Candles254

Looking at the HOURLY GBPUSD chart, there is some resistance at around 1.221805 (Fib 78.6%) and there is possibility that there will be furtherr downturn. This is supported by the Aroon up remaining at 0.00% and Aroon down at 35.715. This signals that there is also some potential of a reversal that the currency pair can advance beyond the resistance level but at...

Candles254

Digging into analyzing 2 hour USDSEK chart, the market closed at an exchange of 9.66286, crossing its support level of 9.66985 (Fib 78.6%). With Aroon (14 period) indicating further downturn and the current support levels probably becoming the new resistance, the exchange rate might dip to 9.64685 (Fib 61.8%) and recover from this point. Analyzing the 1 hour, 3...

Candles254

Analyzing the USDJPY 2 hour chart shows that the market closed at 107.636, breaking its resistance at 107.587 (Fib level 50%). With the Aroon up and down showing signs of further consolidation and a probable upswing to around 107.728 (Fib level 0.236), there is a possibility that the price might retrace at around 107.61 (Fib level 38.2%) and find support at around...

Candles254

Taking a look at the USDCHF HOURLY chart, the currency pair closed around the support level of 0.97124. This shows a possibility that the currency pair has formed a consolidating pattern between the exchange rates 0.97338 and 0.97124. The Aroon (14 period) is showing signs of further consolidation within the fibonacci retracement levels and increasing the...

Candles254

Bitcoin is currently trading around a support level of 9355.24, currently down 1.72% but still very promising for further upswing to 10,000 where a breakout will be awaited for at the 1st resistance level and a second upswing to around 10,400 and hoping for a second breakout from the 2nd resistance.