Search results

Bitcoin Analysis: Resistance Turned Support Insight Solid ECN – Bitcoin trades in the bearish channel, as shown in the BTCUSD daily chart. Bears managed to close below the $59,598 resistance and are stabilizing the price below this level. As of writing, the BTCUSD pair trades near the broken...

Euro Stays at $1.07 Amid ECB and Fed Policies The euro stayed at $1.07, continuing its fall against the US dollar. This trend is driven by the belief that the European Central Bank (ECB) will adopt a gentler approach than the US Federal Reserve. Recent data reveals that inflation in the...

Swiss Franc Stabilizes as Inflation Eases, Rate Hike Possible The Swiss franc has stabilized at about 0.91 against the USD, recovering from significant losses earlier in the year that dropped to a six-month low. This change happened due to big differences in the anticipated monetary policies...

Gold Prices Stable as Investors Eye U.S. Economic Data Solid ECN – Gold prices remained stable at around $2,320 per ounce last Thursday. Investors focused on upcoming U.S. economic updates to get more precise insights into the Federal Reserve's future actions. This interest grew after recent...

Bitcoin Faces Resistance: Can It Break the $67K Barrier? Solid ECN – Bitcoin, often called digital gold, has reached a critical resistance level around the $67,236 mark. The upper band of the wide bearish flag and the 50% Fibonacci support level support this barrier. Technical indicators are...

Navigating USDCAD's Bearish Momentum & Reversals The USDCAD price dipped below the bullish flag, and the EMA 50 is currently trading at about 1.372. This level coincides with the Ichimoku cloud resistance area, which is also close to the 38.2% Fibonacci level. While the RSI indicator hovers...

GBPUSD Sideways Movement: Bearish Signals Despite Consolidation Solid ECN—The GBPUSD currency pair trades sideways between 1.249 and 1.240. The Bollinger Bands are squeezed and demonstrate the range area on the 4-hour chart. Other technical indicators, except Standard Deviation, signal and...

Tracking the Dip: U.S. Oil's Technical Outlook Solid ECN – Oil is trading within a bullish flag pattern, indicating potential for future gains. However, it's crucial to note that it remains above the 50-day Exponential Moving Average (EMA 50), a key indicator that suggests bullish momentum is...

USDCHF Dips but Bullish Trend Holds The USDCHF currency pair experienced a slight decline, touching down at approximately 0.910. This movement brings it close to the lower boundary of the bullish flag—a pattern suggesting a potential rise in value. This specific price point is bolstered by...

Bullish Gold: Navigating the Upswing with Fibonacci and Technical Indicators The gold price returned upward after it touched the 38.2% Fibonacci level, which coincides with the EMA 50 and the Ichimoku cloud, at the $2,324 mark. Interestingly, the XAU/USD 4-hour chart formed a bullish long-wick...

Understanding Bitcoin’s Recent Price Recovery Bitcoin's price has rebounded from the $60,600 resistance, coinciding with the lows of April 5 and 20. This recovery was anticipated as the RSI indicator was previously in the oversold territory. As of this writing, the indicator is showing bullish...

EURUSD Trading Tips Amid Market Volatility Solid ECN – The EURUSD currency pair dipped to as low as 1.062 during Friday's trading session and traded at about 1.066, with an increase in today's trading session. The RSI indicator signals that the market is oversold, while the Standard Deviation...

Monitoring Yen's Rally Against Sterling Solid ECN – The Japanese yen is making a comeback against the pound sterling from 192.9 and is increasing its pace toward the 23.6% Fibonacci level. The pair trades in the bullish flag depicted in red, as shown on the daily chart. The current downward...

AUDUSD Recovery and Future Market Trends The Australian dollar has pulled back to 0.6554 (the 38.2% Fibonacci support level) against the U.S. Dollar after yesterday's slump to 0.6499. From a technical standpoint, the downtrend in the AUDUSD will likely continue if the price holds below the...

GBPUSD's Pullback: An Opportunity? Solid ECN—In yesterday's trading session, The GBPUSD pair dipped below 1.2593, April's lowest point against the U.S. dollar. As of writing, the pair is experiencing a pullback toward the broken support at 1.2575. This pullback was expected because the price...

EURUSD Trends: A Shift Below Key Levels This Week Solid ECN – In the 4-hour chart, the EURUSD currency pair trades under the descending trendline, shown in black. This position came about after the pair developed a bearish engulfing pattern right around the 61.8% Fibonacci support level...

EURUSD Steady at $1.08 as ECB Meeting Nears, Rate Cut Hints Awaited Solid ECN—The euro remained steady at about $1.08, with investors taking a cautious stance as they awaited Thursday's European Central Bank (ECB) announcement. It's widely anticipated that ECB officials will keep interest...

EURUSD Market Update Solid ECN – In Monday's trading session, the Euro trades at about 1.083 against the U.S. Dollar, which is slightly above the EMA 50 and the 38.2% Fibonacci support level. It seems the pair is trying to stabilize itself above the aforementioned level after pulling back...

AUDUSD Climbs Higher: A Look into the Bullish Trend Solid ECN – Yesterday, the Australian dollar saw a significant rise against the U.S. dollar. This increase in value started when it surpassed the EMA 50 and reached 0.6524, marked by a large bullish candle. Following this, there were four...

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...