The EUR/USD extends its monsoon as its trades near to the lowest since May 2017 while flashing 1.0965 during Tuesday’s Asian session. The EUR/USD bearish trend remains powerful as it has broken the strong support level of 1.1075. The support-turned-resistance line developed since late-May 2019, at 1.0988, displays an immediate upside wall to watch ahead of August...
BTC has tested both of our forecasted levels 9,800 and 10,049 as it showed a strong bullish run. The Doji candle on the 4-hour timeframe may drive slight retracement until 10,000 level. Whereas, a continuation of the bullish trend may lead BTC towards 10,850 level today.
On the trade front, the AUD/USD is facing solid support around 0.6715. Aussie has been forming doji candles over this level, suggesting chances of a bullish reversal. Immediate resistance stays at 0.6750 and 0.6785. While the EMA is signaling a bearish bias. I will be staying bullish above 0.6710 and bearish below 0.6755 today.
Gold Futures traded on the Comex division of the New York Mercantile Exchange were up 0.26% to $1,533.40 a troy ounce. Gold is likely to trade with neutral sentiment, and we may see choppy trading in between a trading range of 1533 to 1517 on the lower side. However, bullish or bearish price action will determine it's trend. Safe haven support is also...
BTCUSD BTC has reversed from a suggested support area of 9315. Today's sentiment remains bullish with an immediate resistance around 9,800 and 10,049. on the lower side support continues to prevail around 9582.
The British pound slid 0.4% to $1.2158, down for a third straight session.
Bitcoin daily outlook 08-30-2019 We see two secnarios here: a more bullish scenario with the price bouncing off from the supply area and moving to tht $12,000 level, and the one that breaks supports of $9,200 and visits lower side of the descending channel.
USD/CAD -Daily Trade Sentiment Support in USD/CAD resides at 1.3225, which marks the 38.2% Fibonacci retracement of the 1.3565-1.3016 decline. The USD/CAD may have a bullish reversal above 1.3250, so you can take buy position above this level with a stop loss around 1.3200 and a target of around 1.3300. All the best to all traders, may you have a profitable U.S....
USD/JPY -Daily Trade Sentiment The USD/JPY may have a bearish reversal, a strognmer one, righter afterthe violartion of 105.750. I will consider taking sell below 106.350 with a target of 105.65.
The dollar index may trade bearish during the initial hours of U.S. session to test the immediate support around 98.40. Closing of candles around this level may help dollar gaining bullish strength. On the upper side, the dollar index may find resistance at 98.62 and 98.95.
This chart corresponds to the Nikkei daily chart from our article "Nikkei Soars Boosted by Conciliatory Tone on Trade War#
Asian stocks markets it's traded mostly bullish this Friday aided by a conciliatory tone between China and the United States. This week, the Nikkei 225 (CME:NKD) index futures soars 2.38%, but in the long-term, the Japanese index could see more drops.
GBP/USD has formed a bullish channel which is extending support to sterling around 1.2160. The bullish channel is still intact but the EMA has been violated as GBP/USD has crossed below it. The violation of 1.2160 level could send GBPUSD deeper towards 1.2115. On the upper side, resistance continues to stay at 1.2300. Overall sentiment remains bullish above 1.2170.
EUR/USD – Daily Forecast On Friday, I will be looking to stick with my old plan to stay bearish below 1.1098 to target 1.1065 (achieved) and 1.1030. Whereas, buy positions on bullish breakout of 1.1065 will be preferred.
The BTC/USD has traded well in line with our forecast and continued to stay below 9790. Its the same level which was providing supporting the leading crypto pair during the last week. The Stochastic and RSI still stays in the bearish zone, signaling odds of further selling in the BTC/USD. The sentiment remains bearish as the violation of double bottom has...
On the technical front, the GBPUSD has formed a bullish channel which is keeping Sterling supported above 1.2170, whereas the violation of this level could send GBPUSD deeper towards 1.2115. On the upper side, resistance continues to stay at 1.2300. Overall sentiment remains bullish above 1.2170.
On Thursday, the EUR/USD is likely to gain support around 1.1065 and 1.1050 while the resistance stays at 1.1115. Additionally, the EMA is also likely to keep EUR/USD lower below 1.1100.
On the 4 hour chart, the BTC/USD was facing solid support around 9790 which has now been violated amid massive sell-off. For now, the BTC/USD has an open room for 9476 and 9300. Let's keep an eye on 9790 as BTC/USD can stay bearish below this level today.