ETHUSD: Three Inside Down Pattern Below $1783
Ethereum was unable to sustain its bullish momentum and after touching a high of 1762 on 30th July started to decline against the US dollar coming down below the $1600 handle on 02nd Aug.
The selloff that we saw was due to the strength of the US dollar and its subsequent effect on the price of ETHUSD.
We can...
GBP/USD could gain pace if it clears the 1.2100 resistance zone. USD/CAD is surging and could continue to rise above the 1.3000 resistance zone.
Important Takeaways for GBP/USD and USD/CAD
The British Pound is attempting an upside break above the 1.2100 resistance zone.
There is a key bearish trend line forming with resistance near 1.2100 on the hourly...
BTCUSD: Bullish Engulfing Pattern Above $22425
Bitcoin was unable to sustain its bearish momentum and after touching a low of 22431 on 04th Aug started to correct upwards against the US dollar crossing the $24000 handle on 08th Aug.
We can see that bitcoin failed to clear its resistance zone located at $25000 for the second time this month.
After touching a...
BTCUSD: Bearish Engulfing Pattern Below $25196
Bitcoin was unable to sustain its bullish momentum and after touching a high of 25196 on 15th Aug started to decline against the US dollar, coming below the $24000 handle today in the Asian trading session.
We can see that bitcoin failed to clear its resistance zone located at $25500 for the third time this...
Gold Price Drops While Crude Oil Price Aims Fresh Increase
Gold price started a fresh decline and traded below $1,650. Crude oil price is holding the $84.25 support and might start a fresh increase.
Important Takeaways for Gold and Oil
· Gold price failed to surpass $1,680 and started a fresh decline against the US Dollar.
· There is a key bearish trend line...
GBP/USD started a recovery wave and climbed above the 1.1300 resistance. EUR/GBP is trading above the 0.8650 support and might eye a fresh increase.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a fresh increase after it broke the 1.1250 resistance against the US Dollar.
· There was a break above a major bearish trend line at 1.1290 on...
BTCUSD: Bearish Engulfing Pattern Below $19685
Bitcoin was unable to sustain its bullish momentum and after touching a high of 19694 on 18th Oct, it started to decline touching a low of 18718 on 21st Oct.
We can see that bitcoin has made a failed attempt to cross the $20500 resistance on two separate occasions this month and is now back in the bearish zone.
We...
EUR/USD started a steady increase above the 0.9900 resistance zone. USD/JPY started a downside correction from the 152.00 resistance zone.
Important Takeaways for EUR/USD and USD/JPY
· The Euro formed a base and started a decent upward move above the 0.9850 zone.
· There is a major bullish trend line forming with support near 0.9910 on the hourly chart of...
ETHUSD: Inverted Hammer Pattern Above $1254
Ethereum was unable to sustain its bearish momentum and after touching a low of 1254 on 21st Oct, the prices started to correct upwards against the US dollar. The prices of Ethereum touched a high of 1593 on 26th Oct after which we can see a shift towards the consolidation phase in the markets.
We can see that the...
AUD/USD is moving higher and showing positive signs above 0.6400. NZD/USD is also rising and might aim more upsides above 0.5850.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh increase above the 0.6350 and 0.6400 levels against the US Dollar.
· There is a key bullish trend line forming with support at 0.6460 on the hourly chart...
GBP/USD is gaining pace above the 1.1500 resistance zone. USD/CAD is recovering and might rally if it clears the 1.3635 resistance zone.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound was able to move above the 1.1420 and 1.1500 resistance levels.
· There is a key contracting triangle forming with resistance near 1.1615 on the hourly chart of...
BTCUSD: Inverted Hammer Pattern Above $19187
Bitcoin was unable to sustain its bearish momentum and after touching a low of 19187 on 24th Oct, the prices started to correct upwards crossing the $20500 handle.
We can see continued appreciation in the price of BTCUSD which is now trading above the 20500 in the European trading session today.
We can see the...
EUR/USD is struggling to climb above the 0.9920 resistance zone. USD/CHF is consolidating gains above the 0.9950 support zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro started a fresh decline and traded below the 0.9950 zone against the US Dollar.
· There is a major bearish trend line forming with resistance near 0.9905 on the hourly chart of...
ETHUSD: Bullish Engulfing Pattern Above $1483
Ethereum was unable to sustain its bearish momentum and after touching a low of 1488 on 28th Oct, the prices started to correct upwards against the US dollar. The prices of Ethereum touched a high of 1642 on 29th Oct after which we can see a shift towards the consolidation phase in the markets.
We can see that the...
Gold price started an upside correction from the $1,615 zone. Crude oil price is rising and might clear the $90 resistance zone.
Important Takeaways for Gold and Oil
· Gold price found support near the $1,616 level and corrected higher against the US Dollar.
· There is a key bearish trend line forming with resistance near $1,650 on the hourly chart of gold.
·...
GBP/USD started a decent recovery wave above the 1.1250 resistance. GBP/JPY is also rising and might climb further higher above the 167.00 zone.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound started a recovery wave above the 1.1250 resistance against the US Dollar.
· There is a key bearish trend line forming with resistance near 1.1395 on the...
ETHUSD: Bearish Engulfing Pattern Below $1349
Ethereum was unable to sustain its bullish momentum and after touching a high of 1349 on 10th Nov, the prices started to decline against the US dollar touching a low of 1171 on 14th Nov.
After this decline, we can see some upwards correction in the levels of Ethereum above the $1200 handle.
We have seen a bearish...
Gold price climbed higher and traded above the $1,750 resistance. Crude oil price declined below the $86.00 and $83.80 support levels.
Important Takeaways for Gold and Oil
· Gold price found support near the $1,700 level and started a fresh increase against the US Dollar.
· There was a break below a key bullish trend line with support near $1,772 on the hourly...
