The pair, in the meantime, is currently developing some 150 pips above a bullish 20 SMA, which accelerated above the larger ones. The pair would need to break below 1.3012, October monthly high, for the current bullish stance to hesitate. May high, at 1.3176, is the next bullish target and relevant resistance.
EUR/USD prices have lost upward momentum after a sharp rise in late-day trading on Friday. The pair faces significant resistance in an area between 1.1030-1.1040.
Bitcoin price is trading in positive territory, up some 2.60% in the second half of the session. BTC/USD price action is heading for a big retest of a breached flag structure. There is a chunky barrier of resistance seen at $7500, in proximity to the lower of the noted flag.
The GBP/USD pair is neutral-to-bullish according to the 4-hour chart, as the pair is currently developing above all of its moving averages, although the 100 and 200 SMA are now converging below the 20 SMA, suggesting decreasing upside potential. Technical indicators hold above their midlines, the Momentum heading marginally higher but the RSI flat, also...
On a 4-hour chart, the 50 moving average is in play to offer further resistance. Near-term support for the pair is seen at 1.0989 as this level held the pair higher in November on two tests.
The US ISM Manufacturing Index plummeted to 48.1 in November, hurting the greenback. Trade uncertainty sent the dollar down, despite risk aversion took over the financial world. EUR/USD short-term bullish as long as it holds above the 1.1030 Fibonacci support.
Bitcoin is struggling to stay above $7,300 amid expanding volatility. The rising wedge pattern support break triggered the ongoing retracement towards $7,000. Today it can trading with bearish bias below 7280. Lets keep an eye...
The GBP/USD pair is neutral-to-bullish according to the 4-hour chart, as the pair is currently developing above all of its moving averages, although the 100 and 200 SMA are now converging below the 20 SMA, suggesting decreasing upside potential. Technical indicators hold above their midlines, the Momentum heading marginally higher but the RSI flat, also suggesting...
Today, In a case where buyers manage to cross 1.2942 resistance line, a descending trend line since October 21, near 1.2975, holds the key to pair’s rise towards 1.3000 and October month high near 1.3015.
EUR/USD pair fell last Friday to 1.0980, its lowest for November, as the greenback was generally stronger in thinned holiday trading. The dollar’s rally stalled ahead of London’s close, with profit-taking amid month-end flows helping EUR/USD recover the 1.10 threshold.
Bitcoin sits above the 61.8% Fibo short term support after the minor recovery from $7,200. Bearish presence is apparent especially with the 50 SMA crossing under the 100 SMA. Besides defending $7,400 support, the bulls must push Bitcoin above $7,500 to avert a possible return to $7,200.
The reaction to an inverted head-and-shoulder pattern finally yields as Bitcoin rises above $7,600. Bitcoin bulls must stay focused on $8,000 and establish support above $7,500.
The main range is 1.0879 to 1.1179. The EUR/USD is currently trading inside its 50% to 61.8% retracement zone at 1.1029 to 1.0994. The recent price action suggests this zone is controlling the near-term direction of the Forex pair. The short-term range is 1.1176 to 1.0989. Its retracement zone at 1.1083 to 1.1104 is resistance.
The GBP/USD is trading around 12.2900/10, a break higher could signal further gains ahead in the short-term if a double bottom formation near 1.2820 is confirmed, being 1.2910 the neckline.
The GBP/USD pair is holding on to daily gains, with a modest bullish stance according to the 4-hour chart, as it has moved above all of its moving averages, while technical indicators advance, the Momentum within neutral levels and the RSI firming up in positive territory. GBP/USD at fresh weekly highs just above the 1.2910 level.
A sustained move over 1.0994 will signal the presence of buyers. These are likely traders defending the main bottom at 1.0989. If this move creates enough upside momentum then look for a retest of the downtrending Gann angle at 1.1017. Taking out 1.1017 could trigger a move into the main 50% level at 1.1029. This is a potential trigger point for an acceleration...
Bitcoin is currently trimming gains after struggling to clear the $7,400 barrier against the US Dollar. The price is likely to stay above the $7,000 and $6,950 support levels in the near term.
Bitcoin price is trading in positive territory, up some 3.60% in the second half of the session. BTC/USD has aggressively been pushing to the downside since 27 October. The price remains at risk of falling to the next major demand area at $5000.