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Impact of Fibonacci Levels and EMA on Oil Prices Solid ECN—WTI Crude Oil's downtrend has resulted in stabilizing below the 50% Fibonacci level at $77.5. The 50-day EMA is the primary resistance that separates a bear market from a bull market. The Awesome Oscillator bars have turned red...

EUR/USD Analysis: Bearish Signals and Key Fibonacci Levels Solid ECN – The EUR/USD currency pair broke below the ascending trendline and is trading a bearish flag in today's session at approximately $1.0827. The technical indicators are bearish, with the RSI hovering below the 50 line and the...

Bitcoin Stability Above $62,918 Signals Bullish Trend Solid ECN – Bitcoin's price has stabilized above the 78.6% Fibonacci retracement level at $62,918, aligning with the middle line of the Bollinger Band indicator. The Awesome Oscillator shows red bars, indicating bearish momentum. Meanwhile...

USD/JPY Eyes Key Resistance Levels! Solid ECN – The USD/JPY pair trades within a bullish channel and above the EMA 50 and Ichimoku cloud. The pair trades around 156.4 when writing, facing immediate resistance at 156.56. The primary trend is bullish. If the bulls break out from the immediate...

GBP/USD Bullish Trend Faces Overbought Signals Solid ECN – The GBP/USD pair is trading at about 1.27, above the 61.8% Fibonacci retracement level in today's session. The RSI indicator is at 67.2, suggesting strong bullish momentum and approaching overbought territory. On the other hand, the...

GBP/USD Bullish Momentum: Key Levels to Watch Solid ECN – The GBP/USD daily chart reveals a recent uptrend within a well-defined ascending channel, indicating bullish momentum. Currently, the price is testing a key resistance level (1.27), which will be critical in determining the next...

EUR/USD Analysis Solid ECN—The EUR/USD 4-hour chart reveals a strong uptrend within a well-defined ascending channel. The price is currently trading near the upper boundary of this channel, suggesting that upward momentum is being maintained. Bullish Scenario: If the pair continues to respect...

USD/JPY The USDJPY traded at about 155.3 in today's trading session, which is inside the wedge pattern on the daily chart. The upper trendline acts as resistance, which the bulls are testing it. % 50 Fibonacci backs this level. If the price breaks above the descending trendline and...

AUDUSD: Bulls Target 0.676 Amid Bullish Indicators Solid ECN—In today's trading session, the AUDUSD broke through the 0.665 resistance, and bulls are working to stabilize the price above this key level. Technical indicators signal bullish trends, suggesting the uptrend is likely to continue...

GBPUSD Eyes Key Levels as Bulls Gain Momentum The GBPUSD currency pair broke out of the descending trendline and the 1.2590 level. The bulls will likely target 1.263 this week, and if this level is breached, the path to 1.2708 will be paved. If the price dips to 1.2590 support, there is a...

Forecasting Silver Prices Amidst Technical Signals Solid ECN—Silver trades an uptrend above the 50% Fibonacci retracement level. The XAG/USD pair is currently experiencing a pullback from the $28.7 resistance, trading at about $28.3. Silver's primary trend remains bullish if the price stays...

Key Technical Levels for Gold Traders Solid ECN – Gold has declined from $2,378 against the U.S. dollar on May 10 and is currently trading around $2,340. With technical indicators signaling a bearish trend, the dip is likely to extend to the EMA 50, a level supported by the lower line of the...

Bulls Eye Key Breakout for EURUSD Rally Solid ECN – The EURUSD currency pair pulled back from last week's trading session's 61.8% Fibonacci support level. As of posting, the pair trades around the 1.078 mark, clinging to the descending trendline on the 4-hour chart. Technical indicators...

EURUSD Technical Analysis EUR/USD rose from the 61.8% Fibonacci retracement level yesterday and is now testing the descending trendline near 1.07. The technical indicators are bullish, but for the uptrend to resume, the price must close and stabilize above the trendline. If this happens, the...

EURUSD Bearish Outlook Solid ECN – As of the latest trading session, the Euro continues to decline, trading at approximately 1.07 against the U.S. dollar, notably below the 38.2% Fibonacci retracement level. The current technical indicators support the bearish outlook; the Awesome Oscillator...

NZDUSD: Fed Officials Hint at Prolonged Rates Solid ECN – The New Zealand dollar (NZD) has shown a minor decline to $0.59, influenced by a slight rise in the US dollar. This movement comes as traders anticipate crucial US economic data that might hint at the Federal Reserve's timing for...

BTC Bulls Eye Higher Targets Despite Price Dip Solid ECN – Bitcoin broke out of the descending trendline (in blue), but the bulls failed to stabilize the price above the EMA 50 and the middle line of the Bollinger Band. Consequently, the pair formed a long-wick bearish candle on the daily...

Silver Prices Bounce Back Solid ECN – Silver prices have risen above $27 per ounce after a dip to one-month lows near $26.3 last week. This rebound aligns with other precious metals and reflects investor anticipation of a possible interest rate cut by the Federal Reserve in September. The...

NZ Dollar Dips Amid US Stability Solid ECN – The New Zealand dollar recently fell to $0.6 against a stabilizing US dollar. This shift came as fresh economic indicators suggested a potential cut in US interest rates later this year. Concurrently, the Kiwi mirrored the Australian dollar's...

US Jobs Data Weakens Dollar Solid ECN – The euro recently climbed towards $1.08, reaching its highest since April 9th. This rise comes as traders adjusted their forecasts for potential cuts in interest rates, influenced by a surprisingly weak US jobs report. The latest figures showed that the...