Aleksin_Aleksandar

Aleksin_Aleksandar

Since the beginning of the year, the Japanese index in a bearish trend. The main resistance and trend indicators are the EMA 50-daily (white line) and the EMA 20-daily (purple line). The interest rate hike by the Bank of Japan did not bear fruit in strengthening the Japanese yen. The picture is still very bearish and we can expect a further pullback to the April...

Aleksin_Aleksandar

Bitcoin is under pressure to go down and retest the EMA 50-daily moving average at the $65860 level (Fibonacci 50.0%). It has the previous two lower lows, which confirm bearish swings.

Aleksin_Aleksandar Updated 

The dollar index is well positioned to initiate new a one-month bullish consolidation. With the Fibonacci setting, both previous pullbacks were stopped near the 61.8% level, and additional support for the bullish option is the growing trend line. Based on that, we can expect the dollar index to start a new bullish consolidation with the main target at 107.00.

Aleksin_Aleksandar

The price of oil is preparing for a new retreat. The first target is $76.00, after which we could go down to the $74.00 level. We have a bearish momentum from Monday and a rejection from the EMA20-daily.

Aleksin_Aleksandar Updated 

The dollar is definitely under a lot of pressure at the 106.00 level. This led to a bearish impulse at the 105.70 level. We may see a continuation of the dollar index's pullback to better support. The potential target is EMA20-daily (105.20-105.40); if we do not get support there, the next target is EMA50-daily (104.60-104.80).

Aleksin_Aleksandar

The price of gas is moving away from the previous bearish trend. January and February were extremely bearish. March was a month of consolidation, and April initiated a bullish consolidation supported by EMA20 and EMA50 daily. The price is currently at the $2.05 level, and before the next bullish run, a pullback to the $1.95 support zone is possible.

Aleksin_Aleksandar Updated 

Last Friday, the dollar index successfully closed the gap from January. After that, this week, the dollar managed to recover from 102.50 to 103.50 levels. We have additional support in the EMA50 moving average. On Wednesday, the FED will announce the future interest rate. Expectations are that it could remain at the same level. This could strengthen the dollar...

Aleksin_Aleksandar Updated 

GBPCHF has the potential to move above the 1.12000 level. Yearly, monthly and weekly candlesticks are bullish and can strengthen the impulse, pushing us above 1.12000.

Aleksin_Aleksandar Updated 

EURCAD, we follow how and where the lower high will form. After that, we expect bearish consolidation and withdrawal towards the monthly open price.

Aleksin_Aleksandar Updated 

Less volume of news next week could influence this pair to be in a certain consolidation, and we may see a minor recovery to the 1.08500 level. EURUSD is now sitting at the monthly open price so that we can expect some support. April could continue the bearish trend for EURUSD, with a target of around 1,07000.

Aleksin_Aleksandar

GBPJPY chart: we're watching the pullbacks. We set the first Fibonacci from the high value to the lower value of the pullback. Then, we follow the new bullish consolidation up to the target of the 1.618% Fibonacci level. After that we have the second pullback, which was shorter by about 340 pips. We set the second Fibonacci from the high to the new low. The result...

Aleksin_Aleksandar

We will agree that the AUD has been on a bullish run for the past seven days. After falling to 0.64500, it managed to recover to 0.65750 and test the monthly open price. We need a new bullish impulse that would move us above 0.66000 for further continuation. Otherwise, we retreat below the weekly open price and fall to the new yearly lower low, target the 0.64000 level.

Aleksin_Aleksandar

GBPAUD is under bearish pressure after falling below the monthly open price. A pullback and drop to new lower February levels will follow if we fail to move above MOP.

Aleksin_Aleksandar

The dollar has returned to a potential support zone. Now, we need a return above the weekly open price, and we can expect to continue towards 105.00.

Aleksin_Aleksandar Updated 

This is a chart with three-month candlesticks, and we can clearly see retesting Bitcoin price from 2018. We set Fibonacci and now follow a pullback or a new bullish consolidation. We have crossed above the 23.6% and 38.2% Fibonacci levels and are on our way to the 50.0% level and the zone around $42,000. Bitcoin's growth is not likely to end here, and we will see...

Aleksin_Aleksandar

EURNZD manages to stabilize above EMA50 and 1.75000. The pair forms a new higher low today, after which we see a bullish impulse and the formation of this week's high. We could see a test and break above 1.77000; after that, we are looking at 1.78000 and 1.79000 levels.

Aleksin_Aleksandar

EURAUD has the potential to continue to the bullish side after breaking above EMA50 and retesting support. Target zone 1.64500-1.6500

Aleksin_Aleksandar Updated 

The price of gold could drop to the $2018 level this week, thus testing the 61.8% Fibonacci level.