Silver uptrend paused due to low demand for solar panels. On the technical front, the 100-period simple moving average acts as strong resistance. A dip below the immediate resistance of $30.76 will likely trigger a downtrend. In this scenario, the next bearish target could be revisiting $29.7. On the other hand, the bearish outlook should be invalidated if bulls...
USDMXN eyes 20.37 resistance; a close above could signal an uptrend resuming towards 20.58, backed by the 78.6% Fibonacci level. Article: fxnews.me
The GBPUSD downtrend resumed despite UK inflation reaching a six-month peak at 2.3%. A bearish break below 1.261 can potentially trigger the downtrend to aim for the 1.245 mark. Article: fxnews.me
From a technical perspective, the EUR/USD outlook remains bearish below $1.06, with the next target at the October 2024 low of 1.045. Please note that the downtrend strategy should be invalidated if EUR/USD bulls pull the prices above $1.06. If this scenario unfolds, a new consolidation phase could start, targeting the June 21 low of 1.066. Article: fxnews.me
The GBP/JPY pair remains bearish below the October 23 low of 198.4. If prices fall below the 196.7 support, the next target is September's low of 195.4. A move above 198.45 would negate this bearish outlook. Support levels: 196.7, 195.4 Resistance levels: 198.45, 200.0 Article : fxnews.me
WTI crude oil remains above $66 as geopolitical risks increase following Ukraine's missile strike and changes in Russia's nuclear stance. If $69.7 resistance holds as Stochastic signals overbought, a consolidation phase toward $68.3 could be on the horizon. The market outlook remains bearish, below $70.5. Article : fxnews.me
Crude oil prices trend bearishly below SMA lines, with sellers aiming to push below the critical $66.8 support. In this scenario, the downtrend will likely extend to the September 2024 low, the 65.3 support. Article: fxnews.me
XRP reached a new high of $1.3, driven by Donald Trump's crypto-friendly policy and lawsuits against the SEC by 18 U.S. states. The market outlook with the next target at $2.0 remains valid as long as XRP holds above the $0.785 support. Article: fxnews.me
Solana resumed its bullish trend after holding above the 38.2% Fibonacci retracement level (critical support). The technical indicators suggest the bull market should resume. If Solana prices exceed the immediate resistance at $225.0, the next bullish target could be $240.0. Please note that the bullish outlook should be invalidated if prices fall below the...
Are you considering entering the Solana bull market? Wait for a smart, low-risk buying opportunity when prices consolidate near the $223 support, backed by bullish signs. Article fxnews.me
Silver is testing the $31.5 resistance while the Stochastic indicator warns that XAGUSD is overpriced. A dip below $30.7 will likely trigger a downtrend. Article: fxnews.me
Gold is about to test the 38.2% Fibonacci retracement level while Stochastic Signals overbought, as chanced of a 0.25% rate cut at Fed fallen below 59%. The gold's downtrend is valid as long as the prices are below the %50. Fibonacci. Article: fxnews.me
Gasoline prices formed a bullish FVG after exceeding the 38.2% Fibonacci. After filling the gap, a rise toward the 61.8% level is likely. A break below 38.2% Fibo should cancel the bullish outlook. Article: fxnews.me
Gasoline reserves increased slightly, which could cause the price to dip again if the $2.03 resistance holds. From a technical perspective, the downtrend could resume if the 100-period simple moving average at $2.03 holds. Article: fxnews.me
US natural gas futures rise to $2.8/MMBtu as colder weather increases demand and production dips, forecasting higher prices ahead. The immediate resistance is at $2.75. From a technical perspective, a new bullish wave will likely begin if buyers close and stabilize the price above the resistance. In this scenario, the NATGAS prices can rise toward $3.0. Article:...
NATGAS dipped as reports show a surplus in the Natural Gas reserves and a warmer weather forecast for November. Stochastic is oversold, which could result in the Natural Gas price target of $2.56. A dip below the 50-SMA invalidated the bullish outlook. Article: fxnews.me
Crude oil's downtrend resumed following the IEA report on oil reservation surplus and a strong dollar. If the 50-SMA holds, the price will likely revisit $66.8. Article: fxnews.me
The USD/CAD currency pair is overbought, as signaled by the RSI and Stochastic indicators. The pair has the potential to consolidate near 1.395 if the 78.6% Fibonacci level holds as resistance. On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark. Article: fxnews.me