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Bearish Trend in AUD/USD: Key Indicators and Price Targets Solid ECN – The momentum of the Australian dollar against the U.S. Dollar has paused in today's trading session. As of this writing, the AUD/USD pair is testing the EMA 50 at about 0.651, which coincides with the Ichimoku Cloud. The...

Bitcoin Tests the Bullish Trendline for Next Moves Bitcoin's price dipped to as low as $65,796 in today's trading session against the U.S. dollar. As of this writing, the pair is testing the ascending trendline highlighted in red. The technical indicators are not providing valuable information...

Navigating the Bear Market: Entry Points for EUR/USD Traders Solid ECN – The U.S. Dollar is stabilizing below the 38.2% Fibonacci level against the European currency today, Monday, April 1st, 2024. The divergence signaled by the Awesome Oscillator could indicate a potential consolidation...

How to Trade the NZD/USD Pullback: Insights from the Awesome Oscillator The NZD/USD currency pair is currently in a bear market, trading below the 61.8% Fibonacci resistance level. The ADX indicator signifies that the trend is strong on the daily chart, as it nears the 40 level. However, the...

AUDUSD's Technical Outlook: Pullback Opportunities in Sight In today's market, the Australian dollar is losing value compared to the U.S. Dollar. The exchange rate fell below the 0.6503 support level, and it’s currently trading around 0.6493 after a slight recovery from 0.6475. Despite the...

GBPUSD Drops, Awaiting Bank Decisions Solid ECN – In late March, the British pound fell to just above $1.26, its weakest since February 19, and was on track to lose almost 1% over the quarter compared to the US dollar. This happened as investors paid careful attention to cautious words from...

Gold Prices Surge Amid Economic Shifts and Global Tensions On Tuesday, the price of gold climbed to a new peak, approximately $2,190 per ounce. This increase was mainly due to the weakening of the US dollar. Investors are anticipating rate cuts, especially with the upcoming US PCE price index...

Gold Prices Near Record Highs Amid Rate Cut Expectations Solid ECN – On Monday, the price of gold remained steady around $2,175, nearing its record high of $2,185 set on March 20th. This stability comes amid increasing bets on the Federal Reserve reducing interest rates. Recently, the Fed...

USDJPY: November 2023 Highs Revisited, Consolidation Ahead? Solid ECN – The U.S. Dollar has reached the November 2023 high against the Japanese Yen, hitting the 151.9 mark for the second time this week. However, this time, a long wick candlestick pattern has emerged on the USDJPY 4-hour chart...

Bitcoin's March 2024 Rebound: Analyzing the Latest Price Movements Solid ECN – Bitcoin bounced from its March 2024 low, the $60,700 mark, in yesterday's trading session, Tuesday. As of this writing, the BTCUSD pair trades at about $67,700, slightly below the Ichimoku Cloud. The 4-hour chart...

Analyzing GBPUSD's Bullish Sentiments Amid Recent Downtrend Solid ECN – Pound Sterling demonstrated its resilience at the start of the Monday trading session. It opened with a slight gap against the U.S. Dollar but quickly recovered. It is currently holding strong at around 1.273. The pair...

Indicators Point to a New Bearish Trend in GBPUSD The Pound sterling lost ground against the U.S. Dollar in yesterday's trading session. As depicted in the GBPUSD 4-hour chart, the pair dipped below the EMA 50 and is currently testing it as a resistance level. Technical indicators signal a...

Analyzing the Potential Reversal in EURUSD Trends The U.S. Dollar has made a comeback from the 1.096 resistance level against the European currency. This ceiling is supported by the 61.8% Fibonacci retracement level. As indicated in the 4-hour chart, the pair failed to surpass it on March 8...

Australian Dollar Outlook: Bullish Trends and EMA 50 Support Solid ECN – The Australian dollar has stabilized above the 38.2% Fibonacci support level and the previously broken descending channel. Interestingly, the ADX indicator is making a return above the 25 level, interpreted as a sign that...

GBPUSD's Next Move: A Crucial Phase Beyond Fibonacci Resistance As anticipated, the pound sterling is on an upward trajectory against the U.S. Dollar, and this uptrend persists. The RSI indicator remains above 50, while the ADX signal, hovering around the 20 level, does not indicate...

Mixed Indicators for the USDJPY The U.S. dollar recovered from 146.4 and tested the 38.2% Fibonacci resistance at 148.1. The EMA 50 and the Ichimoku cloud reinforce this resistance level, making it more robust. The RSI and the AO indicators signal a bull market; however, the ADX indicates a...

GBPUSD Uptrend Signals: RSI Indicator's Positive Shift Solid ECN – The pound sterling is coming back from the 50 EMA, and as of writing, it is trading at about 1.279. The ascending trendline depicted in red provides support alongside the EMA 50. Interestingly, The RSI indicator has returned...

EURUSD's Bullish Momentum: Indicators and Support Levels The EURUSD currency pair consolidates its recent gains above the 50% Fibonacci support level, the 1.091 mark, where it formed a hammer candlestick pattern. As of writing, the Euro trades at about 1.092, with the RSI indicator hovering...

GBPUSD's Potential Downshift and Support Levels Solid ECN – The pound sterling has pulled back from a significant level, the 78.6% Fibonacci resistance against the U.S. Dollar, resulting in the pair trading below 1.2827. Concurrently, the RSI indicator has retreated from the overbought area...

EURUSD's Next Move: Navigating Above 1.091 Key Support Solid ECN – The EURUSD formed a hammer candlestick pattern on the 4-hour chart, clinging to the 50% Fibonacci support level at the 1.0914 mark. As of writing, the pair is trading at about 1.093, slightly above the resistance. While the...