FxNews-me

FxNews-me Updated 

FxNews —The USD/JPY currency pair's dip from 153.9 eased near the 23.6% Fibonacci support level. Meanwhile, the Stochastic Oscillator signals an oversold condition. Furthermore, the market outlook remains bullish if the price holds above the 151.0 mark. The uptrend could be triggered if bulls close the USD/JPY price above the 153.0 immediate resistance. In this...

FxNews-me Updated 

FxNews —The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening. Forecast From...

FxNews-me Updated 

FxNews —The immediate support is at $0.334, neighboring the 61.8% Fibonacci retracement level. The Cardano bearish trend would resume if bears (sellers) close and stabilize Solana's price below $0.334. In this scenario, the next bearish target could be the October 28 low at $0.33, followed by $0.327, the 78.6% Fibonacci retracement level. Please note that the...

FxNews-me Updated 

FxNews —Gasoline trades bullishly above the 100-period SMA, with $2.04 as the immediate support. If this level holds, the next bullish target could be $2.094. On the other hand, a drop below the 38.2% Fibonacci level should cancel the bullish outlook. If this scenario unfolds, the gasoline price could potentially drop to $2.01.

FxNews-me Updated 

FxNews —U.S. Natural Gas is testing the 38.2% critical resistance level at $2.38. Meanwhile, the Stochastic Oscillator warns traders that N ATGAS is overpriced in the short term. From a technical perspective, a new bearish wave could be on the horizon if $2.38 holds. In this scenario, the bears' initial target could be $2.28, the 23.6% Fibonacci support level.

FxNews-me Updated 

FxNews —Solana is trading bearishly below the 100-period SMA, with immediate resistance at $168.50. The SOL/USD trend outlook will remain bearish as long as bears hold positions below $168.50. In this scenario, the next bearish targets would be $158.00, followed by $152.00. Please note that a close above the immediate resistance would invalidate the bearish scenario.

FxNews-me Updated 

FxNews —Litecoin is on the verge of forming a double-bottom pattern on the 4-hour chart. From a technical perspective, the uptrend would resume if LTC/USD closes above the immediate resistance at $69.00. In this scenario, the next bullish targets could be $71.30, followed by $72.80. Conversely, if bears push Litecoin below the critical support at $67.00, the...

FxNews-me

EUR/JPY formed a bearish engulfing candlestick pattern near the 166.7 resistance. The bull market will likely resume if buyers close above the 166.71 resistance level. On the flip side, If bears (sellers) close and stabilize the EUR/JPY price below the 163.75 mark, a new bearish wave will likely form that could target the October 17 low at 161.9.