EURUSD pair hovers near the ascending channel's resistance line, waiting to breach it to open the way towards testing the psychological barrier at 1.4000, followed by attempting to breach it to go further towards 1.4285. EMA50 continues to support the expected bullish wave, while the risk limit for buyers still below 1.3750.
Bitcoin price shows more bearish bias after breaking 624.00 level, testing 609.00 now, while confirming breaking below this level will push the price to visit 496.80 mainly. EMA50 continues to push negatively on the intraday trading, while the negative scenario continues efficiently unless breaching above 638.00
By studying the daily chart of Gold price, with a wider overview on the chart, we can see that the bearish correction stopped after the price came close 61.8% Fibonacci to the entire bullish wave measured from 682.00 to 1920.00, placing two bottoms that I believe will form a medium term double bottom pattern , waiting to test 1447.00 areas that forms the...
AUDUSD pair is near the sloping neckline of the Inverted Head & Shoulders' pattern, waiting to activate this formation's effect to drive the price towards 0.9535 mainly
Gold price shows some slight bearish bias trying to get some bullish momentum to support the overall bullish overview. Still waiting 1400.00 followed by 1450.00 targets.
Bitcoin price attempts to break below 624.00, this will drive the price to test the key support at 609.00, while breaking below this level will push to visit 496.80 mainly.
Crude oil price bounced to the downside to resume the bearish trend. The Head & Shoulders pattern's effect remains valid. Full targets around 96.80
Sideways maneuvering for the EURUSD, waiting to resume the bullish trend. Breaching above 1.3950 will ease the way for 1.4000 then further to 1.4285
Signals of solid correctional resistance barrier that stopped the previously started correction, heading now towards 78.00 level, while breaking below it will confirm turning back to the main bearish trend.
Next target at 0.8675. Risk level for intraday trades below 0.8350
The AUDUSD pair is drawing an inverted head and shoulders' pattern, the confirmation line at 0.9115, with full targets reach up to 0.9535 Risk level is below 0.8900
An intraday head & shoulders pattern was completed by breaking 101.00 recently, full target located at 96.80, witnessing more intraday negative pressure now. Breaching above 99.05 then 99.95 will revive the chances of turning back to the main bullish trend.
Silver price got a bullish flag pattern completed last friday, waiting to breach above 22.00 to confirm heading towards 23.60 then 25.00. Risk Limit for buyers: below 20.35
Intraday ascending channel still organizes the Gold price trading, waiting to touch 1400.00, followed by 1450.00 Any downside bounce should not break below 1346.00 for the positive intraday scenario to continue efficiently.
The USDCAD is confined inside a potential symmetrical triangle's pattern, the confirmation line is 1.1150, breaching above this line will push the price to exit the recently started bearish correction. On the other hand, breaking below 1.0990 will complete a double top pattern, with targets that reach 1.0610 mainly.
101.20 level is showing solid support against the correctional bias. Breaching 102.20 followed by 103.45 will revive the chances of getting to the bullish trend. Buyers risk limit : below 100.20
GBPUSD pair maneuvers around the critical support line 1.6585. Breaking below will push to visit 1.6255 mainly.
The sideways range still dominates the bitcoin price trading, between the 624.00 support and 653.00 resistance, being aware that the bearish correctional trend line declines now to 643.00 (can be seen with a wider look at this chart), which means that breaching this level will provide an initial motive to surpass 653.00 level followed by attempting to regain the...