April, 2021 | Forex robots store

Oil Price Outlook: A Breakout Pattern Is Forming With Resistance Near $61.90

Crude oil price started a downside correction after it failed to settle above $64.00 against the US Dollar. The price broke the $62.50 support zone to move into a short-term bearish zone. The price even declined below $62.00 and tested...

AdminApr 23, 2021

Technical analysis of Forex market

USDJPY Warning Signs

The US dollar remains under downside pressure against the Japanese yen currency, as bears continue to hold the price below the 108.00 level. A bearish head and shoulders pattern is still in play and is a warning of a coming...

AdminApr 23, 2021

Technical analysis of Forex market

BTCUSD Breaks $50,000

Bitcoin has fallen below the $50,000 support as selling towards altcoins increases, and the decline in the top cryptocurrency shows few signs of stopping. A bullish inverted head and shoulders pattern has now been invalidated and is warning of a...

AdminApr 23, 2021

Technical analysis of Forex market

GBP/JPY Could Edge Higher

The British Pound declined by 128 pips or 0.95% against the Japanese Yen on Thursday. The GBP/JPY currency pair tested the 149.45 level during yesterday’s trading session. The exchange rate rebounded from the support line, as mentioned earlier, during the...

AdminApr 23, 2021

Technical analysis of Forex market

EUR/JPY Trades Above 129.60

The common European currency declined by 63 pips or 0.48% against the Japanese Yen on Thursday. The currency pair tested the support level at 129.66 during Thursday’s trading session. If the EUR/JPY exchange rate breaks the support line, as mentioned...

AdminApr 23, 2021

Technical analysis of Forex market

Elliott Wave Analysis: Dax Can Retest 15k Psychological Support Level

DAX is coming down as expected, after five sub waves up within wave 5, with the current price breaking the trendline support so we see a new corrective set-back which can be wave 4 now at former wave four support...

AdminApr 23, 2021

Technical analysis of Forex market

GBPJPY Tries To Repower Positive Bearing

GBPJPY has dipped below the 50-day simple moving average (SMA) and into the Ichimoku cloud but is struggling to break below the 149.50 level, which happens to be the 23.6% Fibonacci retracement of the up leg from 136.95 until 153.40....

AdminApr 23, 2021

Technical analysis of Forex market

GBPUSD Gains Positive Traction Near 200-SMA, Upside Move Fragile

GBPUSD returned most of its weekly wins, but the bullish breakout above the descending channel remains valid, with the pair currently pushing for a rebound near the 200-period simple moving average (SMA) on the four-hour chart. The recent golden cross...

AdminApr 23, 2021

Technical analysis of Forex market

EURUSD Awaiting PMI Data

The euro currency has fallen back towards the 1.2000 level against the US dollar, as traders remain anxious ahead of preliminary EU PMI data. A bearish head and shoulders pattern is a warning of a coming 65 point price drop...

AdminApr 23, 2021

Market overviews

Yen Firm in Quiet Markets, Bitcoin Free Fall

While US stocks tumbled overnight, Asian markets are just mixed. Gold and oil are stuck in range too, while the bigger move is found in bitcoin. The forex markets are also generally staying in tight range. Yen is currently the...

AdminApr 23, 2021

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Month: April 2021

Oil Price Outlook: A Breakout Pattern Is Forming With Resistance Near $61.90

USDJPY Warning Signs

BTCUSD Breaks $50,000

GBP/JPY Could Edge Higher

EUR/JPY Trades Above 129.60

Elliott Wave Analysis: Dax Can Retest 15k Psychological Support Level

GBPJPY Tries To Repower Positive Bearing

GBPUSD Gains Positive Traction Near 200-SMA, Upside Move Fragile

EURUSD Awaiting PMI Data

Yen Firm in Quiet Markets, Bitcoin Free Fall

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Month: April 2021

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