Yesterday's bullish consolidation pushed the price of Ethereum to the $2644 level. With this jump, this year's new high was formed, and the previous time we were at that level was in May 2022. Today, we are looking at consolidation taking place in the $2560-$2620 range. The price of Ethereum remains high, which could influence us to see a break above and the...
The price of Cardano followed the movement of other cryptocurrencies yesterday. This led to a pullback to the 0.500 level from the 0.600 level. We are gaining support and moving above the 0.540 level. After that, the price consolidates slightly, recovering to the 0.570 level. We need a continuation of this consolidation in order to go up and reduce yesterday's...
Analysis of the EURUSD Chart This week began with the EURUSD at 1.06847 levels. On Tuesday, a robust bullish momentum propelled the pair to 1.08800 levels. Following this surge, the pair entered a phase of lateral consolidation, fluctuating within the 1.08300-1.09000 range. An attempt was made yesterday to breach the 1.09000 level, but the ascent was halted at...
During the Asian trading session, EURUSD held above the 1.05600 level. At the beginning of the EU session, we saw a bearish impulse and the formation of a low at the 1.05475 level. A slight recovery pushes the euro to the 1.05600 level again, preventing it from starting a bearish consolidation. If this hourly candlestick closes positively, we could expect that the...
Akita Inu's price continues to move away from yesterday's high at the 0.00000014600 level. In the previous 10 hours, the price struggled with support at the 0.00000012800 level. If we continue to move in this zone, a breakout below and the formation of a new weekly low could easily occur. Potential lower targets are 0.00000012500 and 0.00000012000...
During the Asian trading session, EURUSD was retreating from 1.06000 levels to support at 1.05735 levels. The euro gained strength at the beginning of the EU session and started a bullish impulse up to the 1.05900 level. We are currently holding around that level and hope for a break above to return to the 1.06000 level. A move above would indicate a potential...
This week, we saw a continuation of the bullish consolidation in the price of gold. We started the week at the $1925 level, and now we see the formation of a new high at the $1985 level. The bullish momentum is still very strong, and we could expect to see a continuation to the $1990 level. Above, we would be tempted to go ahead and test the $2000 level. The...
This morning, we saw the formation of a new weekly low at the 0.05738 level. We stayed down there briefly, and the price retreated to the 0.05820 level. We are currently consolidating around that level and need a break above to continue to the next resistance at the 0.05850 level. In that zone, we could expect more resistance that could send the price of Dogecoin...
Bitcoin chart analysis The price of bitcoin in the previous 12 hours moved in the $28200-$28400 range. At the moment, we are still in that zone, and we are continuing with consolidation. A certain bearish pressure prevents us from breaking above the $28400 level. So it is possible that we will see a decline below the $28200 level and visit the support at the...
The price of oil could make some recovery after support at the $84.00 level. Target zone $86.00-$86.50.
USDJPY chart analysis During the Asian trading session, we saw a continuation of the previous bullish consolidation. That pushed this pair to a new high at 148.65 level. The yen remains under much pressure, which could continue to push the USDJPY to the next higher levels. Potential higher targets are 148.70 and 148.80 levels.
During the Asian trading session EURUSD was calm and moved in the 1.06450-1.06500 range. At the beginning of the EU session, there was instability in the euro and we made a breakthrough below the support zone, going down to the 1.06300 level. There we formed a new low for now. The pair still continues to move in last week's 1.06150-1.06700 range. Based on this...
According to all parameters, we can expect EURAUD to continue its retreat, with targets at 1.66570 and 1.65580 (50.0% and 61.8% Fibonacci levels).
The euro remains under pressure below the 1.09000 level. We need a break above it to initiate a bullish trend, otherwise we continue down.
the price of gold is on the way to $1930, we have a good consolidation and indicator support to continue to the bullish side
WCUUSD is a chart that is based on the dollar and can be a good indicator for us together with the dollar index and the next trend of the US currency. Since February 2023, WTUUSD has been in a bullish channel with pullbacks up to 61.8% Fibonacci levels. After that, we see a new bullish consolidation and extension to the -0.272% Fibonacci level, and in that zone in...
With this positive consolidation, Bitcoin has a chance to recover to the $27000 level. Thus, we would get closer to the EMA 50 moving average at the $27500 level.
NATGAS could trigger a bullish scenario if we move above the $2.60 level. After that, potential targets are above the $2.70 to $2.80 level.