The BTC /USD pair broke below the critical support at the 50-day exponential moving average ($42,093) but found support at $38,688.10 near the 38.2% Fibonacci retracement level. Bitcoin prices have rebounded slightly and broken above $38,000, before facing a wall of resistance formed by the key psychological level of $42,000 ELON MUSK BIO #bitcoin word send BTC...
The price of February WTI oil futures rose by 1.07% to $53.78 per barrel. At the closing of trading on February 12, 2020. It is worth noting that the futures for North Sea WTI crude oil have been rising continuously for six consecutive sessions. The following its decision to cut an additional 1 million BPD in oil production, Saudi Arabia announced that it would...
The GBP/USD pair attempted to hit 3 years high Resistance 1.3700, however, The quote failed to consolidate above 1.3700 and instead returned to the level 1.3560 after the government has announced National Lockdown. As a result, the outlook for the pound turned gloomy, but the general upward trend remains but limited. Price Looking Short term correction towards...
It should be noted that the AUD/USD pair is currently at multi-month highs: the last time the Australian dollar was at such levels was in March 2018. Prior to it, the Australian dollar reached three-year highs at the beginning of 2018 (January-February) Due to Covid not expecting higher from the current price, monthly base looking correction downside Along with $...
Market Panic about a lawsuit FROM SEC? YES but this issue Running since 2-3 year and still not official news or official decision. Opportunity to buying on DIP 0.35 TO 0.36$? Yes long term #dyor 👍 Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant and support me. Ripple’s XRP broke through early...
AUDUSD Technical holing multi-month high Resistance 0.7380 and price could stay 0.7380-0.7440 range before RBA meeting tomorrow. The first significant support is the MACD line at 0.7290, and furthermore, just below it is the technical record level of 0.7222, the 0.7222/52 range is likely to become a target. The Reserve Bank of Australia will hold a meeting...
Gold has continued to decrease as expected and now it has found temporary support at the $1,800 psychological level. I mentioned last month on my analysis drop expected After US-election would drive the price at least till the $1,800 level. The price is located in a strong support area represented by the $1,800, the S3 ($1,803), So, a bearish closure under the...
Technical Gold : Gold closed yesterday with a bullish pin bar and then taking into account the presence of a double top in 1933$ which indicates a sellers' trap, the most optimal strategy is to continue trading long positions along the pullback formed from overnight volatility high, Price still clear yet direction. However, there are traders who have not nor even...
Technical Market Outlook: After the EUR/USD pair had made another local low at the level of 1.1602, the price bounced towards the new local high seen at the level of 1.1814 which is inside of the main descending channel. The momentum is positive and the market conditions at the H4 time frame chart are bouncing from the extremely oversold levels, so please keep an...
The gold price has developed a minor exhaustion pattern, but the bulls are still in charge and they could push the price higher anytime. Gold was paused by a dynamic resistance, now is pressuring this obstacle again, a valid breakout will validate further growth. XAU/USD is trading currently 1900$, The outlook is bullish, But strong correction required downside...
Technical Market Outlook: The EUR/USD pair has been making lower lows and lower highs since the breakout below the level of 1.1730. The recent low was made at the level of 1.1612 and it looks like a temporary low only. Due to the oversold market conditions, traders should expect a bounce towards the level of 1.1655, but any rally should be capped below the level...
Technical Market Outlook: The BTC /USD pair has broken again above the $11,000 level which was the key mid-term technical and psychological level for market participants. The recent swing lower was made at the level of $9,800, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite for long term target 19,000$. The next...
Gold price got rejected once again at $1,970 and as we said last week, this was a bearish sign that could push price back towards $1,900 the lower triangle boundary. Price has now reached this critical support area at $1,880-$1,875 and if it is broken we should see price under pressure for a move towards $1,800-$1,7900. Currently, Daily chart and H4 chart showing...
Technically, AUD/USD was strongly bearish weekly base and it was expected to reach support level 0.7140$ and 0.7080$ further more downside if price break 0.7080$ we could see next support level 0.7020$ USDX's rebound has boosted the greenback which it has appreciated aggressively versus its rivals. AUD/USD is trading in a confluence area right now, so anything...
The gold price has developed a minor exhaustion pattern, but the bulls are still in charge and they could push the price higher anytime. Gold was paused by a dynamic resistance, now is pressuring this obstacle again, a valid breakout will validate further growth. XAU/USD is trading at $2,067 level, lower versus $2,015 after Strong USA data. The outlook is...
The GBP/USD bulls have almost hit the next target which was 61% Fibonacci retracement located at the level of 1.2597. the market is now consolidating in a narrow range. Please notice, there is an important intraday technical resistance 1.2620. On the other hand, the nearest technical support is still seen at the level of 1.2510 and 1.2362. The momentum is...
After the GBP/USD pair has made a local low at the level of 1.2275 after all the bounces FROM SUPPORT to trigger a strong rally. The price has temporarily broken out the descending channel and tested the technical resistance seen at the level of 1.2472. Despite the bounce from the oversold market conditions, the momentum remains weak and negative as the RSI...
Gold Price pulled back from $1690 critical support but until the end of the week, price managed to reclaim the $1,733-resistance area. Gold bulls remain in control of the trend and could try to push the price to new higher highs once again 1650$, 1670$ Gold currently Proforming tow different trend short term downside and long term upside, but last week downside...