The Euro is making steady progress at the moment, and has risen by 0.3% during the course of the night, starting the day just above its 50-day moving average.
That represents a strong position for the Euro, which had a value of $1.0578 against the strong US Dollar this morning.
Inflation has been a subject which has dominated not only the news channels...
BTCUSD – Bullish Engulfing Pattern Above $19700
Bitcoin continues its bullish momentum this week as the price is moving upside now trading above the $20000 handle in the European Trading session.
We can see a continued consolidation in the levels of Bitcoin after every decline and the prices are now gaining a bullish traction ahead of the US Trading...
EUR/USD started another decline and traded below 1.0550. USD/CHF is consolidating and facing many hurdles near the 0.9580 zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro failed to gain pace for a move above the 1.0600 resistance zone against the US Dollar.
· There was a break below a major bullish trend line with support near 1.0550 on the hourly...
ETHUSD – Bearish Doji Star Pattern Below $1279
Ethereum was unable to sustain its bullish momentum and after touching a high of 1278 on 26th June started to decline heavily against the US Dollar.
We can see that the prices have fallen below the $1100 handle and now trading at $1052 in the European Trading session today.
We can see the formation of a Falling...
AUD/USD started a fresh decline from the 0.6980 resistance. NZD/USD is also declining and might even trade below the 0.6150 support.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh decline below the 0.6920 support zone against the US Dollar.
· There is a key bearish trend line forming with resistance near 0.6880 on the hourly...
GBP/USD started a fresh decline from the 1.2320 resistance zone. GBP/JPY declined and remains at a risk of more losses below 162.00.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound started a fresh decline after it failed near 1.2320 against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.2120 on the hourly...
During the past few weeks, the US Dollar has been surprisingly strong against many western majors, notably the Euro and British Pound, despite the American and European economies facing very similar obstacles over the past two years.
This has been a particularly interesting dynamic, especially as the inflation levels among European Union member states, the...
BTCUSD: Bullish Doji Star Pattern Above $18900
Bitcoin was unable to sustain its bullish momentum last week and started to decline against the US dollar touching a low of 18646 on 30th June, after which we can see some correction in its levels above the $19000 handle.
The prices of bitcoin started to reverse, confirming the bullish tone in the markets. We can...
EUR/USD started a fresh decline and traded below 1.0350. EUR/JPY is also diving and remains at a risk of more losses below 138.50.
Important Takeaways for EUR/USD and EUR/JPY
· The Euro started a major decline from the 1.0500 and 1.0480 resistance levels.
· There is a key bearish trend line forming with resistance near 1.0400 on the hourly chart.
· EUR/JPY also...
The British Pound slid once again during the early hours of this morning to 1.20 against the US Dollar, signaling a return to the low point that it reached last week.
This morning's slump for the British Pound takes place during a time at which the current British government is in turmoil, with two senior ministers having resigned from their positions during...
ETHUSD: Bullish Doji Star Pattern Above $1040
Ethereum has started its bullish momentum against the US dollar after moving into a consolidation channel last week and is now trading above the $1100 handle in the US trading session.
We can see a continued appreciation in the prices of Ethereum, mainly due to the buying seen at lower levels by the medium-term...
Gold price started a major decline below the $1,800 support zone. Crude oil price is attempting a recovery wave from the $93.20 zone.
Important Takeaways for Gold and Oil
· Gold price struggled above $1,800 and declined against the US Dollar.
· There is a key bearish trend line forming with resistance near $1,750 on the hourly chart of gold.
· Crude oil price...
GBP/USD started a fresh decline from the 1.2165 resistance. EUR/GBP declined heavily and tested the 0.8440 support zone.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a fresh decline from the 1.2165 zone against the US Dollar.
· There is a key bullish trend line forming with support near 1.1960 on the hourly chart of GBP/USD.
· EUR/GBP...
BTCUSD: Double Top Pattern Below $22015
Bitcoin was unable to sustain its bullish momentum last week, and after touching a high of 22181 on 8th July, started to decline against the US dollar. The downfall of bitcoin continues today and is now trading below the $20000 handle in the European trading session.
The price of bitcoin failed to clear its resistance...
The Big Tech stocks which are listed on prominent North American stock exchanges have been unusually volatile recently.
Large technology companies such as Microsoft, Apple and Google are often regarded by traders as steady, non-volatile investments which only move very slightly, hence their wide-ranging popularity among all kinds of traders and...
EUR/USD extended decline and tested the 1.0000 support. USD/JPY is rising and might continue to gain pace towards the 140.00 resistance
Important Takeaways for EUR/USD and USD/JPY
· The Euro started a fresh decline and even tested the 1.0000 support.
· There is a major bearish trend line forming with resistance near 1.0035 on the hourly chart of EUR/USD.
·...
ETHUSD: Ascending Triangle Pattern Above $1006
Ethereum was unable to sustain its bullish momentum, and after touching a high of 1251 on 9th July started to decline against the US dollar touching a low of 1006 on 13th July.
After this steep decline, we can see that the prices have recovered and started upwards correction with a bullish momentum.
We can see...
AUD/USD is attempting a recovery wave above the 0.6750 resistance. NZD/USD is also eyeing a key upside break above the 0.6140 resistance.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh decline below the 0.6800 support zone against the US Dollar.
· There is a key bearish trend line forming with resistance near 0.6750 on the hourly...
