ETHUSD: Double Top Pattern Below $2,450
Ethereum was unable to sustain its bullish momentum last week, and after touching a high of 2,960 on May 4, started to decline heavily against the US dollar.
We can see the continuation of the bearish momentum this week, and the decline continues pulling down the prices of Ethereum below the 1,900 handle in the European...
Gold price started a fresh decline from the $1,920 resistance. Crude oil price is rising and might gain pace above the $107 resistance.
Important Takeaways for Gold and Oil
· Gold price started a fresh decline from well above the $1,900 zone against the US Dollar.
· There is a key bearish trend line forming with resistance near $1,840 on the hourly chart of...
GBP/USD started a major decline below the 1.2300 support. USD/CAD is showing positive signs and gaining pace above the 1.2950 level.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound started a fresh decline from the 1.2400 resistance zone.
· There was a break above a short-term bearish trend line with resistance near 1.2220 on the hourly chart of...
One of the big stories in the FX market in 2022 is the spectacular drop of the Japanese yen (JPY). Since March, it has depreciated against all its peers to reach the weakest levels vs. the US dollar since 2002.
Interestingly enough, the selloff comes when investors had all the reasons to buy the Japanese currency – not to sell it. Historically, the JPY acted as a...
BTCUSD: Bullish Harami Pattern Above $28,600
Bitcoin was not able to sustain its bullish momentum last week, and after touching a high of $31,437 on 16th May, started to decline heavily against the US dollar.
The short selling continued pushing down the price of BTC below the $30,000 handle, touching a low of $29,169 after which we can see some...
EUR/USD started a decent increase from the 1.0350 zone. USD/CHF is sliding and might extend losses below the 0.9900 support zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro started a recovery wave from the 1.0350 support zone against the US Dollar.
· There was a break above a major bearish trend line with resistance near 1.0515 on the hourly chart of...
AUD/USD traded higher but faced sellers near 0.7075. NZD/USD is correcting gains and approaching a key support zone near the 0.6350 level.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh increase from the 0.6850 support zone against the US Dollar.
· There is a key bullish trend line forming with support near 0.7000 on the hourly...
GBP/USD started a fresh increase above the 1.2400 resistance zone. GBP/JPY is consolidating and might rise steadily above the 160.50 resistance zone.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound started a fresh increase above the 1.2420 resistance against the US Dollar.
· There is a key bullish trend line forming with support near 1.2465 on...
The euro started the trading week on a higher note after the ECB President, Christine Lagarde, said that the central bank is ready to raise the rates during the summer. In a blog posted on the ECB’s website, Lagarde said that the lift-off date is drawing closer, and it is important for the markets to know the policy normalization path ahead.
Euro needed nothing...
ETHUSD: Bearish Engulfing Pattern Below $2,087
Ethereum was unable to sustain its bullish momentum last week, and after touching a high of 2,084 on 23rd May started to decline heavily against the US dollar.
We can see a strong bearish momentum this week and this is putting downward pressure on the prices of Ethereum below the 1,850 handle in the European trading...
Gold price started a fresh increase from the $1,810 level. Crude oil price is rising and might gain pace above the $113.75 resistance.
Important Takeaways for Gold and Oil
· Gold price started a decent increase after it formed a base above $1,810 against the US Dollar.
· There is a key bullish trend line forming with support near $1,845 on the hourly chart of...
GBP/USD started a decent increase above the 1.2550 resistance. EUR/GBP is struggling to clear the 0.8500 and 0.8520 resistance levels.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a decent increase above 1.2550 against the US Dollar.
· There was a break above a key contracting triangle with resistance near 1.2640 on the hourly chart of...
BTCUSD: Bullish Pennant Pattern Above $28,000
Bitcoin was not able to sustain its bearish momentum this week, and after touching a low of 28,009 on 26th May, started to move upwards due to the formation of demand zones above these levels.
Bitcoin entered into a consolidation channel above the $28,000 handle and then corrected upwards touching a high of 32,192 in...
EUR/USD struggled near 1.0785 and corrected lower. USD/JPY is rising and might continue to gain pace towards the 130.20 resistance
Important Takeaways for EUR/USD and USD/JPY
· The Euro started a downside correction after it failed to surpass 1.0785.
· There is a key bearish trend line forming with resistance near 1.0725 on the hourly chart of EUR/USD.
·...
ETHUSD: Bearish Engulfing Pattern Below $2015
Ethereum was unable to sustain its bullish momentum last week and after touching a high of 2011 on 31st May started to decline heavily against the US Dollar.
We can see a strong bearish momentum this week and this is putting downwards pressure on the prices of Ethereum below the 1850 handle in the European Trading...
AUD/USD extended increase above the 0.7200 resistance. NZD/USD is also showing a lot of positive signs above the 0.6500 level.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh increase from the 0.7150 support zone against the US Dollar.
· There was a break above a short-term contracting triangle with resistance near 0.7162 on the...
GBP/USD started a fresh decline below the 1.2560 support. USD/CAD is also moving lower and might extend losses below the 1.2550 support.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound started a fresh decline from the 1.2655 resistance zone.
· There is a major bearish trend line forming with resistance near 1.2540 on the hourly chart of...
BTCUSD: Bearish Doji Star Pattern Below $31,750
Bitcoin was not able to sustain its bullish momentum this week and after touching a high of 31,730 on 06th June, started to decline against the US dollar.
Bitcoin entered into a bearish trend channel below the $31,750 handle and continues to decline touching a low of 29,217 in the European trading session...
