FxNews-me

FxNews-me Updated 

FxNews —Ethereum tested and bounced off the ascending trendline on the 4-hour chart. Immediate resistance rests at $2,480. The pullback could extend to the $2,560 resistance if ETH/USD closes and stabilizes above $2,480. If this scenario unfolds, the bearish outlook would be invalidated. Conversely, a break below the October 25 low at $2,380 would trigger a...

FxNews-me Updated 

FxNews —Ethereum has formed a double bottom pattern and is currently testing the $2,480 resistance level. Meanwhile, the Awesome Oscillator signals divergence with green bars approaching the zero line from below. This development in the price action and the AO indicator suggests that Ethereum’s price has the potential to rise further. From a technical...

FxNews-me Updated 

FxNews —Bitcoin has broken below the 100-period simple moving average and the ascending trendline, currently trading around $68,320. Meanwhile, the Stochastic Oscillator signals an oversold condition, suggesting that BTC/USD has the potential to consolidate near the upper resistance level. This outlook is supported by the Fair Value Gap visible on the 4-hour...

FxNews-me Updated 

FxNews— Silver is trading in a bull market, above the 100-period simple moving average, while the Stochastic indicator signals an oversold condition. This provides a solid bid for bulls to enter the market. Immediate resistance rests at $33.10. The uptrend will likely resume if bulls close above this level. If this scenario unfolds, the next bullish target could...

FxNews-me Updated 

FxNews —Gold trades bullish above 100-period SMA with support at $2,725. The bullish trend resumes if XAUUSD exceeds $2,750, with the next target at $2,775.

FxNews-me Updated 

Oil is trading bullishly above the 100-period simple moving average (SMA) and created a Fair Value Gap (FVG) on October 31. Technical indicators suggest that while the primary trend is bullish, oil is overpriced in the short term. From a technical perspective, crude oil has the potential to fill the gap around $70.00 before the uptrend resumes. The FVG area...

FxNews-me Updated 

FxNews —USD/CHF pulled back from the 38.2% Fibonacci level and flipped below the 100-period SMA. The immediate resistance rests at 0.870; if it holds, the bears will likely extend the downtrend to 0.857. A close above the 0.870 critical resistance invalidates the USD/CHF bearish strategy.

FxNews-me Updated 

FxNews —USD/CHF tested the 100-period simple moving average. Consequently, the 4-hour price chart formed a bearish fair value gap , indicating that the bear market strengthens. Additionally, the AO histogram turned red, suggesting the downtrend should resume. The immediate support rests at the November 4 low, the 0.861 mark. From a technical perspective, the...

FxNews-me Updated 

FxNews —The U.S. Dollar began a pullback against the Canadian Dollar after peaking at the 1.395 resistance on August 5. This dip aligns with an overbought signal from the Stochastic Oscillator since October 10. Currently, USD/CAD is around 1.387, filling the Fair Value Gap. In the 4-hour chart, despite the recent decline, USD/CAD remains above the 100-SMA,...

FxNews-me Updated 

FxNews —The USD/JPY currency pair's dip from 153.9 eased near the 23.6% Fibonacci support level. Meanwhile, the Stochastic Oscillator signals an oversold condition. Furthermore, the market outlook remains bullish if the price holds above the 151.0 mark. The uptrend could be triggered if bulls close the USD/JPY price above the 153.0 immediate resistance. In this...

FxNews-me Updated 

FxNews —The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening. Forecast From...

FxNews-me Updated 

FxNews —The immediate support is at $0.334, neighboring the 61.8% Fibonacci retracement level. The Cardano bearish trend would resume if bears (sellers) close and stabilize Solana's price below $0.334. In this scenario, the next bearish target could be the October 28 low at $0.33, followed by $0.327, the 78.6% Fibonacci retracement level. Please note that the...

FxNews-me Updated 

FxNews —Gasoline trades bullishly above the 100-period SMA, with $2.04 as the immediate support. If this level holds, the next bullish target could be $2.094. On the other hand, a drop below the 38.2% Fibonacci level should cancel the bullish outlook. If this scenario unfolds, the gasoline price could potentially drop to $2.01.

FxNews-me Updated 

FxNews —U.S. Natural Gas is testing the 38.2% critical resistance level at $2.38. Meanwhile, the Stochastic Oscillator warns traders that N ATGAS is overpriced in the short term. From a technical perspective, a new bearish wave could be on the horizon if $2.38 holds. In this scenario, the bears' initial target could be $2.28, the 23.6% Fibonacci support level.

FxNews-me Updated 

FxNews —Solana is trading bearishly below the 100-period SMA, with immediate resistance at $168.50. The SOL/USD trend outlook will remain bearish as long as bears hold positions below $168.50. In this scenario, the next bearish targets would be $158.00, followed by $152.00. Please note that a close above the immediate resistance would invalidate the bearish scenario.

FxNews-me Updated 

FxNews —Litecoin is on the verge of forming a double-bottom pattern on the 4-hour chart. From a technical perspective, the uptrend would resume if LTC/USD closes above the immediate resistance at $69.00. In this scenario, the next bullish targets could be $71.30, followed by $72.80. Conversely, if bears push Litecoin below the critical support at $67.00, the...