Although it seems almost impossible, the financial online world keeps growing and it slowly pushes away the traditional way of […]
LTCUSD is consolidating in a short-term symmetrical triangle or flag pattern as traders await more catalysts. Price is also hovering […]
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When the European market opens, some Economic Data will be released, such as Current Account and German PPI m/m. The US will release the Economic Data, too, such as Existing Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatil…
In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Existing Home Sales. So, there is a probability the USD/JPY will move with low to medium volatility during this day.TODAY’S TECHNICAL LEVEL:Res…
EUR/USD: In the short-term, this pair is neither bullish nor bearish. It is thus better to remain neutral until the price goes above the resistance line at 1.1850 (staying above it), or it goes below the support line at 1.1700 (staying below it). As long as price remains within these two boundaries, the outlook on it would be neutral.
USD/CHF: By all indication, the bias on this currency trading instrument is bullish – although the market environment looks quite choppy. The price could go towards the resistance level at 0.9850 (strengthening the bullish bias), or the price could go below the support level at 0.9700 (threatening the bullish bias).
GBP/USD: This market has gone downwards by 180
pips this week and that has resulted in a Bearish Confirmation Pattern in the
market. The EMA 11 is below the EMA 56, and the RSI period 14 is below the
level 50. The price would go further downwards to reach the accumulation
territories at 1.3100, 1.3050 and 1.3000. The accumulation territory at 1.3100
has already been tested.
USD/JPY: The USD/JPY generated a “buy” signal on Wednesday and then pulled back on Thursday, only to go further upwards after that. The next targets for bulls are located around the supply levels at 113.50 and 114.00. To reach another supply level at 114.50, there is a need for a very strong buying pressure.
EUR/JPY: The EUR/JPY has continued going upwards
after a bullish signal was generated on it. Price is now above the demand zone
at 132.50, going towards the supply zone at 134.00 (which is the next target).
There is a Bullish Confirmation Pattern in the 4-hour chart.
The material has been provided by InstaForex Company – www.instaforex.com
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Bitcoin price regained enough bullish momentum to climb back close to its all-time highs, waiting for the next catalyst for a bounce or a break.
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Wave summary: There was no time for a deeper correction towards 1.6150. Wave iii towards 1.8032 is already well underway. The base channel resistance near 1.7030 will mark the first resistance, but if wave iii higher is developing, then this resistance…
The price is forming a very strong reversal pattern and we remain bearish below major resistance at 133.55 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, Elliott wave theory) and we expect to see a strong drop from this …
The price has shot up perfectly from our buying area and reached our profit target absolutely perfectly. We prepare to sell below major resistance at 1.1878 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to …