Gold managed to attract some buying on the dips on Monday and updated daily highs in the past hour. The technical setup still favors bearish traders and supports prospects for further decline. The attempt to rise could face stiff resistance and remain capped near the $ 1,918-19 zone. He oro it reversed an initial drop […]
Tag: Technical analysis
BTC / USD targets $ 15,000 level, overbought conditions warrant caution
BTC / USD well positioned to break above the $ 15,000 level. Formation of a possible bullish flag on the daily chart. The overbought RSI warrants a pullback before the uptrend resumes. He Bitcoin (BTC/USD) It is positive again above the $ 13,000 level on Monday, reversing a temporary setback observed on Sunday. The number […]
LTC / USD poised to surge above the $ 60 level as network usage soars
LTC / USD has settled above a significant technical barrier. On-chain metrics imply that price is positioned for further growth. He Litecoin (LTC/USD) It is the eighth largest cryptocurrency with a current market capitalization of $ 3.8 billion and an average daily trading volume of $ 3.7 billion. The cryptocurrency has gained more than 23% […]
Bulls expect a move above downtrend line resistance
GBP / USD posted a nice intraday bounce of around 85 pips from levels below 1.3000. Positive intraday movement stalled near a three-day-old downtrend line resistance. The technical setup still favors bullish traders and supports the prospects for additional earnings. The pair GBP/USD it showed some resistance below the 200 hourly simple moving average and […]
61.8% Fibonacci Retracement Limits Gains
EUR / USD’s recovery from September lows has come to a halt at a key Fibonacci hurdle. A break above this level will likely accelerate the rally towards 1.20. EUR / USD bulls are struggling to break a key Fibonacci hurdle for the fourth day in a row. The pair is currently moving slightly lower […]
USD / JPY extends rebound and approaches 105.00, although it continues with a bearish bias
The dollar cuts losses throughout the market. Data from the US show that the recovery continues. USD / JPY is in recovery mode after falling to 104.54 hours ago and trading at 104.83, the highest level since the Asian session.. The rise is behind an improvement in the tone of the dollar that is cutting […]
The 6-month resistance line at 93.40 limits the rise
The DXY index fails to extend the bounce beyond the 93.00 level. The 6-month resistance line near 93.40 continues to limit gains. The DXY index runs out of steam at the 93.10 region on Friday after a failed attempt so far to extend Thursday’s decent recovery. If the bulls regain control, then the next intermediate […]
100-day SMA near 123.50 offers support
The EUR / JPY slide finds support near 123.50 so far. Immediately to the upside is the hurdle at 125.00. The EUR / JPY’s corrective slide, from Monday’s highs around 125,000, finds decent support around the 100-day SMA at the 123.50 zone. If sellers continue to push down, then the monthly lows near the 123.00 […]
The intermediate hurdle is at 1.1880
EUR / USD rallies after bottoming out near 1.1790. Monthly highs around 1.1880 offer initial test for the EUR bulls. It appears that the bullish momentum of the EUR / USD has returned to the markets after the negative price action on Thursday. EUR bulls are now facing immediate resistance at the monthly high around […]
XAU / USD Maintains Ascending Channel Support
Gold is defending the lower end of a multi-week rising channel. A collapse is likely due to rising US yields. Gold is currently trading just above 1902$, the lower end of the failed channel represented by the trend lines connecting the lows of September 28 and October 14 and the highs of October 2 and […]
