NATGAS dipped as reports show a surplus in the Natural Gas reserves and a warmer weather forecast for November. Stochastic is oversold, which could result in the Natural Gas price target of $2.56. A dip below the 50-SMA invalidated the bullish outlook. Article: fxnews.me
Crude oil's downtrend resumed following the IEA report on oil reservation surplus and a strong dollar. If the 50-SMA holds, the price will likely revisit $66.8. Article: fxnews.me
The USD/CAD currency pair is overbought, as signaled by the RSI and Stochastic indicators. The pair has the potential to consolidate near 1.395 if the 78.6% Fibonacci level holds as resistance. On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark. Article: fxnews.me
FxNews —The August 5 high at 1.395 is the immediate resistance that has prevented the uptrend from resuming. From a technical perspective, the uptrend will likely resume if the bulls pull the USD/CAD price above this resistance. In this scenario, the USD/CAD's path to the %78.6 Fibonacci retracement level at 1.409 will likely be paved. Please note that the...
USD/JPY could initiate a bullish run toward 161.9 if it stabilizes above the 157.5 resistance level. Watch for potential gains. Article: fxnews.me
FxNews—Speculations on Trump's trade tactics boosted the USDJPY bullish uptrend. The next bullish target could be 157.1 if bulls close and stabilize the price above the 153.9 resistance. Article: fxnews.me
AUD/USD stabilizes below key Fibonacci level with potential to rise past $0.653 despite overall bearish trend. fxnews.me
AUD/USD may continue its bearish trend, targeting the $0.647 level if it stays below the $0.664 mark. Watch for declines to the 78.6% Fibonacci retracement. The stochastic oscillator signals oversold; hence, we expect the market to consolidate near $0.66, supported by the bearish fair value gap. This resistance area may provide a decent ask price to join the...
The GBPUSD pair shows the dollar is currently overvalued, suggesting that entering a sell position at $1.273 could be risky. Better to monitor for consolidation near $1.290. Article: fxnews.me
Bearish EURUSD may drop to October 2024 low at 1.045, amid ECB's aggressive interest rate cuts compared to USD. Watch for resistance at 1.066. Article: fxnews.me
Litecoin remains bullish, with the November 11 high at $80.4 as key support. If this support continues to hold, LTCUSD prices aim for a $90 target. Conversely, if Litecoin prices dip below the support, a new consolidation phase will likely emerge, targeting lower support levels. Article: fxnews.me
Ethereum approaches a critical juncture at $3190, with potential to extend gains to $3325 followed by $3450. Article: fxnews.me
Bitcoin could surge to $100K if it maintains support at $84,550 and buying pressure pushes past $95K. A promising outlook for bulls. Article: fxnews.me
Ripple (XRP) held above the 38.2% Fibonacci retracement level, leading to the uptrend's resumption. That said, a close above $0.75 could extend XRPUSD to $1.0. Please note that the bullish scenario should be invalidated if XRP dips below $0.651. Article: fxnews.me
Ethereum dipped from $3,450, testing the 23.6% Fibonacci retracement level, while technical indicators suggest bearish consolidation. If ETH/USD stabilizes below the 23.6% Fibonacci level, the downtick momentum could extend to $3,000. Please note, the bearish strategy should be invalidated if prices exceed the $3,325 mark. Article: fxnews.me
Silver remains oversold but is nearing the $30.7 resistance level, gaining upward momentum as indicated by the Stochastic's move out of the oversold territory. The trend outlook will stay bearish as long as silver prices remain below the October 17 low of $31.35. Should silver close above the immediate resistance at $30.76, it might aim to test the 50-period...
NATGAS began a new bullish wave after it filled the Fair Value Gap at $2.55. If the prices exceed 2.86, the next bullish target could be the October high at 2.84. Article: fxnews.me
FxNews —The EUR/USD pair dipped after it tested the 50-period simple moving average. The pair is currently testing the 1.066 support while the RSI and Stochastic signal oversold, and the Awesome Oscillator shows divergence. The downtrend will likely resume after the mild consolidation near 1.076. Please note that a dip below support will trigger a new bearish...