EUR/USD struggled near 1.0785 and corrected lower. USD/JPY is rising and might continue to gain pace towards the 130.20 resistance
Important Takeaways for EUR/USD and USD/JPY
· The Euro started a downside correction after it failed to surpass 1.0785.
· There is a key bearish trend line forming with resistance near 1.0725 on the hourly chart of EUR/USD.
·...
ETHUSD: Bearish Engulfing Pattern Below $2015
Ethereum was unable to sustain its bullish momentum last week and after touching a high of 2011 on 31st May started to decline heavily against the US Dollar.
We can see a strong bearish momentum this week and this is putting downwards pressure on the prices of Ethereum below the 1850 handle in the European Trading...
AUD/USD extended increase above the 0.7200 resistance. NZD/USD is also showing a lot of positive signs above the 0.6500 level.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh increase from the 0.7150 support zone against the US Dollar.
· There was a break above a short-term contracting triangle with resistance near 0.7162 on the...
GBP/USD started a fresh decline below the 1.2560 support. USD/CAD is also moving lower and might extend losses below the 1.2550 support.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound started a fresh decline from the 1.2655 resistance zone.
· There is a major bearish trend line forming with resistance near 1.2540 on the hourly chart of...
BTCUSD: Bearish Doji Star Pattern Below $31,750
Bitcoin was not able to sustain its bullish momentum this week and after touching a high of 31,730 on 06th June, started to decline against the US dollar.
Bitcoin entered into a bearish trend channel below the $31,750 handle and continues to decline touching a low of 29,217 in the European trading session...
EUR/USD is slowly moving lower below 1.0750. USD/CHF is rising and might accelerate further higher above 0.9720 resistance zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro failed to gain pace for a move above the 1.0780 resistance zone against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.0720 on the hourly chart...
ETHUSD: Double Bottom Pattern Above $1,725
Ethereum was unable to sustain its bearish momentum this week and after touching a low of 1,725 on 07th June started to correct upwards against the US dollar.
We can see a strong pullback action in the markets which is keeping the prices of Ethereum above the $1,800 handle in the European trading session today.
We can...
Gold price is struggling to clear the $1,855 resistance zone. Crude oil price is rising and might continue to gain pace above the $120.00 resistance.
Important Takeaways for Gold and Oil
· Gold price struggled above $1,860 and corrected lower against the US Dollar.
· There was a break below a key bullish trend line with support near $1,850 on the hourly chart of...
GBP/USD started a fresh decline from the 1.2600 resistance zone. GBP/JPY is declining and remains at a risk of more losses below 165.00.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound started a fresh decline after it failed near 1.2600 against the US Dollar.
· There was a break below a declining channel with support near 1.2465 on the hourly...
BTCUSD – Bearish Harami Pattern Below $28300
Bitcoin continues its bearish momentum from last week and plunged below the $21000 handle touching a low of 20850 in the European Trading session today.
The global investor sentiments are weak and the continuation of the selling pressure across the global cryptocurrency exchanges is causing the massive slide in...
EUR/USD started a fresh decline and traded below 1.0500. EUR/JPY is recovering higher and might correct above the 141.20 resistance zone.
Important Takeaways for EUR/USD and EUR/JPY
· The Euro started a major decline from the 1.0780 and 1.0800 resistance levels.
· There is a key bearish trend line forming with resistance near 1.0445 on the hourly chart.
·...
ETHUSD – Bearish Doji Star Pattern Below $1834
Ethereum was unable to sustain its bullish momentum and after touching a high of 1834 on 16th June started to decline heavily against the US Dollar.
We can see a continued selloff in the markets which is keeping the prices of Ethereum below the $1200 handle in the European Trading session today.
We can see the...
AUD/USD started a recovery wave above the 0.7000 resistance. NZD/USD is also showing a lot of positive signs above the 0.6300 level.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh increase from the 0.6850 support zone against the US Dollar.
· There was a break above a key bearish trend line with resistance near 0.6970 on the...
GBP/USD started a fresh increase above the 1.2150 resistance. EUR/GBP is showing positive signs above the 0.8550 resistance zone.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a decent increase above 1.2150 against the US Dollar.
· There was a break below a key bullish trend line with support near 1.2220 on the hourly chart of...
BTCUSD – Rounding Bottom Pattern Above $17600
Bitcoin was unable to sustain its bearish momentum and after touching a low of 17678 on 18th June started to correct upwards and is now trading above $21000 handle in the European Trading session.
We can see that after touching an 18-month low the prices of Bitcoin have pulled back due to the buying seen at lower...
EUR/USD struggled near 1.0580 and corrected lower. USD/JPY is rising and might continue to gain pace towards the 138.00 resistance
Important Takeaways for EUR/USD and USD/JPY
· The Euro started a downside correction after it failed to surpass 1.0580.
· There is a key bullish trend line forming with support near 1.0505 on the hourly chart of EUR/USD.
· USD/JPY...
ETHUSD – Bullish Harami Pattern Above $936
Ethereum was unable to sustain its bearish momentum and after touching a low 893 on 18th June started to correct upwards against the US Dollar.
We can see that the prices have recovered from its lows and a pullback action is seen at levels below $1000.
We can see the formation of a Bullish Ascending channel below the...
Gold price is struggling below the $1,850 resistance zone. Crude oil price is declining and might even trade below the $100 support zone.
Important Takeaways for Gold and Oil
· Gold price struggled above $1,850 and corrected lower against the US Dollar.
· There was a break below a key bullish trend line with support near $1,825 on the hourly chart of gold.
·...
