Category: Technial Analysis
BTC Slides on USD Buying Bitcoin prices are looking a little more stable at the start of the week following on from the sharp drop we saw across the back end of last week. BTC futures fell more than 10% across Thursday and Friday as market jitters spooked crypto traders. A resurgence in hawkish Fed […]
The BTC exchange rate is hovering around 26,060 USD on Monday, with the flagship cryptocurrency losing 11.4% in a week. The main trigger for last week’s sell-off was a viral publication in Bitcoin Magazine. It reported that Space X had sold its bitcoins worth 373 million USD. Journalists questioned this information, and eventually found it […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the resistance level. The pair is going above the Ichimoku Cloud, suggesting an uptrend. A test of the lower boundary of the Cloud is expected at 1.2690, followed by a rise to 1.2940. The growth could be additionally confirmed by a rebound from the […]
TitleCADJPY H4 | Bullish bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 106.887 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 107.684 which is an […]
BTC dropped to 26,260 USD by Friday. The weekly decline amounts to 10.6%, with the main drop occurring within the last 24 hours. Amidst the bearish seasonal cycle, there was enough spark to ignite a fire. The spark was initiated by the publication in Bitcoin Magazine, reporting that Space X had sold all its bitcoins […]
The Australian dollar, paired with the US dollar, has ceased its decline but remains in a weakened position. The current AUDUSD exchange rate stands at 0.6398. The day before, AUD reached its lowest point in 9 months. Some stabilisation in AUD sentiment can be attributed to the actions of China’s Central Bank. Yesterday, the regulator […]
TitleAUDJPY H4 | Potential bearish breakout? TypeBearish Breakout Preference: Price is falling towards the pivot point of 93.036 which is an overlap support and could potentially break through this level; we could see momentum carry price down to its 1st support at 92.297 which is a major swing-low support. Wait for downside confirmation to provide […]
TitleGBPJPY H4 | Potential Bullish Bounce off 23.6% Fibo? TypeBullish Bounce Preference:Price has reversed from the previous bullish run, and could become bearish in the long run. If price reaches our pivot point at 183.9, we could see a bullish bounce off the 23.6% fibo retracement level. Price could head towards the 1st resistance level […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1.3510. Next, the price could rebound from the support and continue the uptrend. However, the quotes might rise to 1.3610 without […]
Brent Crude oil quotes are above the 200-day Moving Average on H4, which reveals the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above 3/8 (84.38), later reaching the resistance level of 4/8 (87.50). The scenario can be cancelled by a downward breakout […]