Category: Technial Analysis
Bitcoin Rally Pauses Bitcoin prices saw very little movement over the European morning on Monday. The futures market remains stagnated for now ahead of resistance at the 53385 level. On the back of the bull move we saw over early February, the recent loss of upside momentum shouldn’t phase bulls too much with the outlook […]
TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 81.084 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 82.353 which is a pullback resistance that aligns close to […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around the 1.0823 level. A decline link to 1.0808 is expected today. Next, a rise to 1.0823 might follow (a test from below). With an escape from this range downwards, a decline to 1.0790 could form, from where the trend might extend […]
The Australian dollar, paired with the US dollar, has halted its rise. The current AUDUSD exchange rate stands at 0.6555. The Aussie had been on the rise for eight consecutive sessions. Given the continued weakness of the US dollar, the AUD’s temporary pause is attributed to technical factors and the upcoming statistics. The Consumer Price […]
USD On Watch The US Dollar is in focus this week as traders brace for a slew of tier-one data. The headline release to focus on will be core PCE data due on Thursday. Given the importance of the data for the Fed in calculating true inflation, the release holds the potential to create […]
The price of Ethereum is trying to undergo a correction, although its depth is not known yet. The asset’s price might potentially rebound to the broken level of 2716.50, pull back, and rise. So, let’s observe whether it is likely to happen. The price of Brent oil rebounded from the resistance level of 84.00 and […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are on the 200-day Moving Average on H4, revealing a lack of any trend. The RSI is testing the support line. As a result, in this situation, the quotes are expected to rise above 3/8 (1.0833), later reaching the resistance at 5/8 (1.0894). The scenario could be cancelled […]
The primary currency pair appears strong on Monday. The current EURUSD exchange rate stands at 1.0822. Although the week begins calmly, investors will have numerous reasons to react later. The US inflationary components will be particularly crucial, given the Federal Reserve’s cautious stance on interest rates. On Thursday, the inflationary components, including core PCE and […]
Copper Lower on Monday Copper prices are under pressure at the start of the week with futures currently down around 1.75% from last week’s highs. The move is likely partly due to position squaring ahead of a slew of key US economic data this week. Durable goods, GDP and core PCE are all on deck […]
TitleUSDCHF H1 | Bearish Drop TypeBearish Drop Preference:Price is currently at the pivot point of 0.8813, A fall from this level could lead the price to fall to 1st support at 0.8752 Alternative scenario:If price breaks above the pivot, it could rise to 1st resistance at 0.8844, a pullback resistance To discuss this trading idea, […]