Recent content by HubuFX

USDCAD Analysis: Technical View The USDCAD is currently trading above a crucial broker resistance zone, spanning from 1.3655 to 1.3648. This zone serves as a strong support for the bullish trend. As long as the price remains above this level, we can expect the USDCAD bulls to push higher and...

GBPUSD Analysis The GBPUSD is currently trading below the pivot point of 1.219. Interestingly, the RSI indicator is flipping above the critical level of 50, which might indicate an upcoming bullish wave. However, for this to materialize, it's crucial for the bulls to close above the pivot...

EURUSD Technical Analysis The EURUSD currency pair is currently navigating within a downward channel and is positioned below the pivot in the 4-hour time frame. A minor resistance level is observed at 1.049, and at present, the pair is maintaining a position above this level. The RSI indicator...

AUDUSD Technical Analysis The decline of the AUDUSD currency pair has temporarily halted as the RSI indicator, previously in the oversold territory, is now hovering at the 37 level. The market maintains a bearish trend, and the support level at 0.634 presents an attractive price point for bears...

Turkish Lira Weakens Against Strong US Dollar The Turkish lira is falling against the strong US dollar. The USDTRY is up 0.4% as Turkey's inflation was slightly lower than expected, which might influence the CBRT's approach. Despite recent changes, the USDTRY is still on an upward trend...

Bitcoin Bulls Hold the Fort: An Analysis of Current Market Trends The bears put pressure on the bitcoin from $28,708 and currently bitcoin is testing the $27,349 pivot. The RSI indicator is hovering above the 50 level and with the BTCUSD holding above the broken trendline and pivot, bitcoin...

US Oil Analysis: Bears Targeting the $87 Support US oil prices are falling from a high of $95 and trading below the $90.36 pivot point due to various factors. The next support level is at $87.63, which could act as a buffer against further declines. The market conditions are fluid and vigilance...

EURUSD Analysis: Persistent Decline The EURUSD pair is on a steady decline, unable to break the midpoint of the downward channel. The RSI dipping below 50 signals a likely continuation of this bearish trend. The 1.0409 support level is a key marker. If the pair holds above this, it could...

Bitcoin Analysis Yesterday, Bitcoin managed to break above the downward trendline and successfully closed above the $27,997 R1 resistance level. The Relative Strength Index (RSI) is now approaching the overbought territory. Given this RSI indicator, it's possible that BTCUSD might experience a...

AUDUSD Technical Analysis In the recent analysis of AUDUSD, we observed a robust rebound from the 0.63 mark, with the currency pair now hovering around 0.648. The Relative Strength Index (RSI) is currently in the overbought territory, indicating a potential deceleration in the ongoing upward...

Crude Oil Update: Key Resistance Breached Crude Oil has successfully breached the significant resistance level of $94, reaching as high as $95 in early trading sessions. Currently, it’s trading around $93, forming a long wick candlestick pattern. It’s important to note that the weekly pivot is...

Bitcoin Technical Analysis The BTCUSD is trading around $26,395 this morning after a failed attempt to break the $27,116 last week. The previous daily candle is a long wick shadow candle, showing the strength of the bears in the market. This scenario is stronger with the RSI indicator hovering...

AUDUSD Technical Analysis The AUDUSD currency pair recently tested the 0.638 resistance level, following a rebound from the 0.636 support level. However, bearish forces managed to push the closing price below the crucial support level of 0.636. Given that the Relative Strength Index (RSI) was...

NZDUSD Technical Analysis The NZDUSD currency pair is currently trading beneath the pivotal 0.595 mark, with the RSI indicator lingering below the 50 level, indicating a bearish market strength. The pair is navigating within an ascending channel, which is typically viewed as a corrective phase...

USDCHF Technical Analysis The USDCHF currency pair is currently challenging the resistance level at 0.917. The RSI indicator is in the overbought zone, which typically suggests a correction might be on the horizon. Given that the USDCHF pair is overbought, it would be prudent to wait for a...