Upon closer examination of the BTC/USD chart, it is evident that Bitcoin’s price is currently facing a critical juncture. The analysis reveals that the cryptocurrency is navigating within two distinct channels: a bullish channel that originated in 2023 amidst rumors of Bitcoin ETF approval, and a bearish channel that materialized in March 2024 following the
Technical Analysis
Gold has been struggling to break through the $2525 resistance level on the spot market for the past couple of weeks. Despite several attempts to rally above this price point, it seems to have hit a glass ceiling that it cannot seem to break through. The increasing frequency of rallies and decreasing pullbacks indicate significant
Gold has maintained a strong position, hovering near an all-time high as of Friday. The anticipation of the release of US PCE data later in the day is keeping traders on edge, awaiting fresh signals for market direction. The precious metal is currently fueled by robust demand, stemming from its safe-haven status, significant purchases by
The euro has recently pulled back from its previous highs, encountering strong resistance at the 1.1200 level. After two unsuccessful attempts to break through, the price has corrected to around 1.1100. Currently, the pair is trading within a range of 1.1200-1.1090, with the potential for different scenarios to unfold in the upcoming trading sessions. If
Recently, the NZD/USD pair managed to break through key resistance levels at 0.6050 and 0.6120, signaling a bullish trend. This surge was supported by a major bullish trend line forming with a strong support level at 0.6120. The pair also successfully surpassed the 0.6200 mark and even tested 0.6235, showcasing its strength in the market.
GBPUSD has recently made a significant move by breaking above the previous peak on 7.14.2023 high at 1.3143. This breakthrough indicates a higher high bullish sequence from the 9.26.2022 low. The direction of the pair is undoubtedly higher, showing a clear path towards an upward trend. Currently, GBPUSD is experiencing a rally from the 4.22.2024
Recently, the Japanese yen has been on the rise, with the USD/JPY pair hitting a three-week low at 143.99. This movement can be attributed to a variety of factors including the weakening of the US dollar and significant statements made by the Bank of Japan (BOJ) and the US Federal Reserve. The Governor of the
Gold prices have once again reached $2500/oz amidst a retracement that occurred during the US session on Thursday. The surge in prices can be attributed to various factors, including a stronger US Dollar, rising US Yields, and potential profit-taking in anticipation of Fed Chair Powell’s speech at the Jackson Hole Symposium. Market participants have been
The Japan’s 225 stock index (cash) has been experiencing a soft positive momentum over the past few days. This uptrend is a reversal from the previous July-August freefall. The technical risk is currently skewed to the upside, indicating potential for further bullish movement in the near future. Despite a downturn in the stochastic oscillator, the
The EUR/USD pair experienced a surge after breaking through the key resistance level of 1.0950 against the US Dollar. This resulted in the pair moving into a bullish zone, with the Euro clearing the 1.1000 resistance. The upward movement was supported by the formation of a connecting bullish trend line with a key support level
Bitcoin (BTCUSD) has been struggling to make significant gains in the past few sessions. The sentiment surrounding Bitcoin has deteriorated after facing multiple rejections at the 50-day simple moving average (SMA). This sideways movement has left investors uncertain about the future direction of BTCUSD. The momentum indicators for BTCUSD are currently skewed to the downside.
The recent slowdown in U.S. inflation and a cooling labour market have sparked investor confidence in the potential for the Federal Reserve to cut interest rates. This shift in sentiment has led to a bearish outlook on the dollar in the market, driving key currency pairs towards critical levels that could trigger new medium-term trends.
- « Previous Page
- 1
- …
- 5
- 6
- 7
- 8
- 9
- …
- 20
- Next Page »