Crude oil has bounced off the resistance of a 78.60% Fibonacci retracement level near 66.35. This event hes resulted in a decline down to the combined support of the 55 and 200-day simple moving averages at 60.00.
These support levels are expected to push the commodity price once more into the 66.35 level.
On the other hand, the SMAs could be broken. In that...
The Bitcoin cryptocurrency has appreciated about 23.74% in value against the US Dollar. The currency pair tested the $6400 mark during the Asian trading session on Friday.
Most likely, the BTC/USD exchange rate will continue its bullish momentum during the following trading sessions. The blockchain could aim for the $7000 mark during next week's...
A significant support level at 1266.00 held during last week's trading sessions.
If GOLD breaks a resistance level at 1286.00, Our system shows that the next target will be near the 1310 zone.
However, if the resistance level holds, BEARS could push the price towards the 1240 mark.
From the look of things, the GBP/AUD will continue to trading in a descending channel.
The decline of the currency exchange rate will continue for the rest of this week's trading session.
150 pips target average.
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The Brent crude oil price reached near the $70 mark on Wednesday. The increased was due to the US sanctions against Iran and Venezuela crude oil exports and the OPEC supply cuts.
As for the near future, it is likely that the BRENT.CMD pair makes a brief retracement down towards a support level formed by the 50-hour simple moving average at 67.93.
The Light crude oil prices hit 2019 high level on Tuesday. The surge was attributed to the US sanctions against Iran and Venezuela crude oil exports and the OPEC supply cuts.
As for this week’s trading sessions, it is likely that the LIGHT.CMD pair retrace down towards a support line formed by the 50-hour simple moving average at the 60.03 mark.
The Ethereum cryptocurrency has continued to appreciate against the US Dollar. The 50-, 100– and 200-hour SMAs provided support for the pair at 140.4 during the previous trading session.
Everything being equal, it is likely that the ETH/USD exchange rate continues to surge during the following trading sessions. The potential upside targets will be near the weekly...
The BTC/USD exchange rate is currently trading in an ascending channel pattern. The pair tested the lower boundary of the uptrend pattern at 3913.0 during Monday's trading session.
Given that the bitcoin cryptocurrency is trading in an uptrend channel, and the 50-, 100- and 200-hour SMAs are below the price level, it is likely that the pair will continue moving...
During Friday’s trading session, the yellow metal passed through the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1,298.00. On Monday morning, gold was located at the upper boundary of the medium pattern line at the 1,305.17 mark.
In regards to the near-term future, most likely, the yellow metal will break...
During Friday’s trading session, the 100-hour simple moving average supported the rate to end the trading session at 111.40. On Monday morning, the rate was trading between the 55-hour and the 100-hour simple moving averages at the 111.51 mark.
It is expected, that the currency exchange rate will be trading sideways to end the trading session at the 111.60...