BTCUSD Strongly Bullish
Technical analysis The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed after the BTCUSD pair rallied back above the $32,000 resistance level. The Ichimoku indicator shows that the BTCUSD pair will break above the...
GBPJPY powers up as negative risks endure
GBPJPY has pushed over the 150.65 barrier and is making efforts to test the resistance band of 151.30-151.60. The falling simple moving averages (SMAs) are defending the broader bearish move, while the uptick in the red Tenkan-sen line is suggesting...
EUR/USD Outlook: Bears Remain in Play but Face Headwinds from Key Supports, ECB in Focus
The Euro hit new 3 –1/2 month low (1.1751) in European session on Wednesday. But bears started to face headwinds on approach to key supports at 1.1704/1.1694 (2021 low, posted on Mar 31 / Fibo 38.2% of 1.0635/1.2349 rally), that...
EUR/USD Decline Could Continue
The 55– hour simple moving average pressured the EUR/USD currency pair lower during Tuesday’s trading session. Consequently, the Eurozone single currency declined by 45 pips or 0.38% against the US Dollar on Tuesday. All things being equal, the exchange rate...
EURJPY Hits 4-Month Low, Pivot Area Could Be Nearby
EURJPY raised the odds for a bearish trend reversal following the drop below the long-term ascending trendline and the Ichimoku cloud, with the 20- and 50-day simple moving averages (SMAs) further enhancing the bearish case after their recent intersection. The...
GBP/USD At The Critical Support
The GBP/USD is at critical support. Historical buyers are exactly in the zone 1.3565-1.3623. We should see a continuation to the upside if the price gets a bullish momentum. 1.3600-50 is the POC. Multiple swing points could switch momentum to...
Elliott Wave View: SPX Correcting Larger Degree Cycle
Since forming the bottom on March 2020 low, S&P 500 ($SPX) has started a new bullish cycle which brings the Index to all-time high. The entire rally from March 2020 low can be counted as 3 waves so far. Up...
WTI Oil Outlook: Oil Price Slumps after OPEC+ Agreed to Increase Production
WTI oil price collapsed on Monday after OPEC+ group eventually reached an agreement to boost output from August and cool oil prices that rose to the highest levels in nearly seven years. Strong bearish acceleration (the contract is on track...
Oil Bearish Continuation As Planned
My Oil trade has been more than 400-500 pips in profit as the move happened exactly as planned. I went against the big majority of long traders and it is paying off now. Historical selling has been aligned with the...
EUR/USD Could Nosedive Below 1.1780
Key Highlights EUR/USD is struggling to recover and it could decline further below 1.1780. A key bearish trend line is forming with resistance near 1.1820 on the 4-hours chart. GBP/USD failed to surpass 1.3900 and started a fresh decline. Crude...