GBP/USD started a fresh decline from the 1.2600 resistance zone. GBP/JPY is declining and remains at a risk of more losses below 165.00.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound started a fresh decline after it failed near 1.2600 against the US Dollar.
· There was a break below a declining channel with support near 1.2465 on the hourly...
BTCUSD – Bearish Harami Pattern Below $28300
Bitcoin continues its bearish momentum from last week and plunged below the $21000 handle touching a low of 20850 in the European Trading session today.
The global investor sentiments are weak and the continuation of the selling pressure across the global cryptocurrency exchanges is causing the massive slide in...
EUR/USD started a fresh decline and traded below 1.0500. EUR/JPY is recovering higher and might correct above the 141.20 resistance zone.
Important Takeaways for EUR/USD and EUR/JPY
· The Euro started a major decline from the 1.0780 and 1.0800 resistance levels.
· There is a key bearish trend line forming with resistance near 1.0445 on the hourly chart.
·...
ETHUSD – Bearish Doji Star Pattern Below $1834
Ethereum was unable to sustain its bullish momentum and after touching a high of 1834 on 16th June started to decline heavily against the US Dollar.
We can see a continued selloff in the markets which is keeping the prices of Ethereum below the $1200 handle in the European Trading session today.
We can see the...
AUD/USD started a recovery wave above the 0.7000 resistance. NZD/USD is also showing a lot of positive signs above the 0.6300 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 was a break above a key bearish trend line with resistance near 0.6970 on the...
GBP/USD started a fresh increase above the 1.2150 resistance. EUR/GBP is showing positive signs above the 0.8550 resistance zone.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a decent increase above 1.2150 against the US Dollar.
· There was a break below a key bullish trend line with support near 1.2220 on the hourly chart of...
BTCUSD – Rounding Bottom Pattern Above $17600
Bitcoin was unable to sustain its bearish momentum and after touching a low of 17678 on 18th June started to correct upwards and is now trading above $21000 handle in the European Trading session.
We can see that after touching an 18-month low the prices of Bitcoin have pulled back due to the buying seen at lower...
EUR/USD struggled near 1.0580 and corrected lower. USD/JPY is rising and might continue to gain pace towards the 138.00 resistance
Important Takeaways for EUR/USD and USD/JPY
· The Euro started a downside correction after it failed to surpass 1.0580.
· There is a key bullish trend line forming with support near 1.0505 on the hourly chart of EUR/USD.
· USD/JPY...
ETHUSD – Bullish Harami Pattern Above $936
Ethereum was unable to sustain its bearish momentum and after touching a low 893 on 18th June started to correct upwards against the US Dollar.
We can see that the prices have recovered from its lows and a pullback action is seen at levels below $1000.
We can see the formation of a Bullish Ascending channel below the...
Gold price is struggling below the $1,850 resistance zone. Crude oil price is declining and might even trade below the $100 support zone.
Important Takeaways for Gold and Oil
· Gold price struggled above $1,850 and corrected lower against the US Dollar.
· There was a break below a key bullish trend line with support near $1,825 on the hourly chart of gold.
·...
For a number of weeks, the British Pound has been down in the dumps, performing very weakly against its de facto peers, the Euro and the US Dollar.
As this week's trading sessions begin across Europe, the Pound sits at a stagnant 1.16 against the Euro, and an equally mediocre 1.22 against the US Dollar.
The Pound, which remains the world's strongest fiat...
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...
