AUD/USD’s fall from 0.7477 extended lower to 0.7169 last week but has recovered since then. Presently, the bias remains neutral and it's better to be patient to see how the movement of the pair unfolds this week. On the downside, a break below 0.7169 will result in testing the 0.7105 low. Firm break of that low will resume decline towards 0.6991 support next. On...
RUNEUSDT looks ready to revisit 8-8.30 zone and maximum 9-9.30 as of now. Rejection could be seen in any of these zones which will pave path for another selling spree towards 5.75 as next established target.
SOLUSDT needs to close above 150 in order to pave path towards 170 followed by 188. However managing a closing above 188 would invite further strength which is likely to drag price towards ATH. On downside any closing below 122 would invalidate the support and open extensive downside towards 105-80 region.
AUDCAD is currently taking support on daily and had broken the bearish trendline earlier. The pair can potentially move upward from here and test the resistance area of 0.93700 and then move upwards from there. Contrarily breaking of daily support of 0.91150 will make the pair bearish again.
From a short-term technical perspective, the bull flag breakout confirmed on gold’s hourly chart, suggests that the price remains on track to extend its recovery. RSI still Firm which is complimenting its firm upward move. But in a bigger picture there is a trendline resistance area which can create a little downside rally again to completing its gartley pattern.
Intraday bias in USD/CAD is turned neutral as the sideway pattern from 1.2947 is still extending. On the downside, break of 1.2592 support will extend the fall from 1.2891, as the third leg of the pattern from 1.2947, to 1.2492 and possibly below. Overall, with 1.2421 support intact, rise from 1.2005 should still be in progress for another rally through 1.2947 at...
The EURUSD is moving to a new session low as stocks move lower and prompt more flows back into the greenback. Technically, the US session high in the EURUSD saw the price move up to 1.15975. That was short of the swing low levels from September and November of 2020 when the lows came in at 1.1601 and 1.1611. The price rise also stalled near the close from...
Currently taking support fro Fib level 0.786 and Upward trend line is acting as a strong support for the pair. There's a good chance that it will break the resistance area of 1.87700 and will test he downward trend line.
Long AUDJPY Bullish Signs 1. Higher Highs & Higher Lows 2. Bullish Pin Bar , Bullish Engulfing & Three White Soldiers 3. Bounce From Strong Support 4. Parallel Channel 5. 38.2% Fibonacci Retracement Bearish Signs 1. Price At Resistance Zone (80.700-80.800 This iS The Only Bearish Sign How To Trade ? 1. Buy On Dips Buy At Bottom Of Parallel Channel 2. Buy On...
USDJPY going up in a strong way by making HH and HL formations and has reached its years high. Currently trading near an important resistance area. Failure to break the 112.180 area with strong bullish candle will result in aggressive profit taking and begin a fall towards 111.662 followed by 110.450
AVAXUSDT Breaking out of a rising wedge followed by constant rejections on re-test is signalling a fall towards lower support zones for the coin. Moreover bearish divergence is showing that upper hand now lies with bears which are to attack anytime now. Invalidation above 74 region
After putting a top around 23.90 Alice quickly came under aggressive profit taking. It is now breaching the falling wedge which is likely to halt bearish pressure and call upon some higher levels. The major hurdle is likely to be around 11.80. However closing above and strong holding this region would invite buying interest that can take on next levels around 15...
The GBPUSD fell sharply yesterday and the GBP was the weakest of the major currencies. The fall took the price down to test the January 18 swing low at 1.35188. Today the selling has continued – albeit at a more modest pace – pair moving closer to the January 11 swing low (and lowest level for the year) at 1.34498. The low price today has just reached 1.3454...
