Financebroker

Financebroker

USDJPY and the potential to visit the 148.00 level.

Financebroker

EURCAD encounters resistance in the 1.47500 zone and pulls back below the 61.8% Fibonacci level. We now expect to see a continuation of the pullback and visit the 38.2% Fibonacci level at the 1.46280 level.

Financebroker

EURUSD is consolidating around the EMA50 moving average, and a break above and a visit to the 1.10250-1.10500 zone could happen. Additional support for this bullish option is in the Kijun 52-4hTF.

Financebroker

Oil chart analysis The price of oil continues with a bullish trend despite a little volatility on Wednesday. On Wednesday, the price fell from $82.40 to the $78.60. Yesterday, we saw a strong bullish impulse at the beginning of the US session, and the price of oil returned above the $80.00 level. The price continues to rise for the rest of the day, and the day...

Financebroker

Pair EURUSD continued with the bearish trend this week as well. Yesterday, a new August low was formed at the 1.09110 level. After that, the euro gains support at that level and recovers to the 1.09600 level. During the Asian trading session, we failed to break above and continue the recovery. In contrast, EURUSD retreated below the 1.09500 level and is now trying...

Financebroker

Pair GBPUSD fell to a new August low at 1.26200 level yesterday. After that, the pound manages to stop the fall at that level and start a recovery. During the Asian trading session, the pair climbed above the 1.27000 level and formed a high at the 1.27450 level. We failed to break above, and a pullback followed. We are now back at the 1.27000 level and trying to...

Financebroker

EURUSD is still in a growing channel. Potential stronger support at 1.05000 level

Financebroker

During the Asian session, oil prices continued yesterday's bearish trend. At the beginning of this session, we saw a recovery to $78.00, but a pullback soon followed, and the price of oil fell below the $77.00 level. We are currently at $76.50, and there is a good chance we could find ourselves at the $76.00 level soon. The current picture shows that the oil price...

Financebroker

During the Asian trading session, GBPUSD continues to fall below the 1.19500 level. This morning's low was at the 1.19130 level. Bearish pressure is still very present, and we could expect the pair to continue sliding below the 1.19000 level. Potential lower targets are 1.18750 and 1.18500 levels. For a bullish option, we need a new consolidation and a return...

Financebroker

The price of natural gas fell to a one-and-a-half-year low of $3.20 on Friday. The last time we were at that place was in June 2021. During the Asian trading session, the gas price formed a bottom at that point and began slightly recovering to $3.37, the current level. We need a positive consolidation and a break above the $3.40 level for a bullish option. Then it...

Financebroker

If we look at the broader picture from the end of the previous year until now, we see that oil price has formed a triple bottom. The last bullish consolidation brought us to the $82.00-$83.00 resistance zone. We need a break above if we want to see further oil price growth. The potential next important zone is $84.50-$85.00, and if we manage to break above it, the...

Financebroker

During the Asian trading session, the pair EURUSD hovered around the 1.06500 resistance level. The market is still quiet after the Christmas holidays. We are still in a bullish trend with resistance at the 1.06500 level. We need a break above for a more concrete sign of continued euro recovery. The next target is the 1.07000 level, where we could expect the next...

Financebroker

Ethereum price retested support at the $1200 level yesterday. After this, we returned to the zone of the previous movement around the $1220 level. We need a more concrete break above and a move to $1250 if we want to see any progress. Then we need to hold up there and form a new bottom for the next bullish impulse. then we would have a chance to reach $1,275, and...

Financebroker

On Friday, we saw a recovery in oil prices after falling to the $73.00 level. A bullish impulse followed, pushing the price to $75.70 at the end of the day. During the Asian trading session, we see new volatility in oil prices and a new pullback below the $75.00 support level. The fall does not stop there, and the price slides to this morning's low at $73.80. For...

Financebroker

During the Asian trading session, the price of silver solidified support at the $23.20 level and launched a new bullish impulse to the $23.50 level. We now see a downside pullback and could revisit this morning's support level. If the pressure on the lower support level increases, a breakout of the price below is inevitable. The price would then drop down to the...

Financebroker

After the support at $1225 yesterday, the price of Ethereum started a bullish impulse that moved it to the $1295 level. We are very close to reaching the $1300 level and climbing above it. We need a non-positive consolidation and a break above to continue the bullish option. If we succeed, we will have a good chance to see the price recovery. Potential higher...

Financebroker

The price of Bitcoin formed its new four-week high at the $17420 level this morning. Currently, the price of Bitcoin is forming a minor pullback as the previous bullish impulse has slowed down. We are now testing support at the $17250 level. A price breakout below could cause the price of Bitcoin to fall further to the $17,000 level. If the consolidation around...

Financebroker

During the Asian session, GBPUSD managed to move up to 1.20600 levels. The pound did not hold for long, and we see a pullback to the 1.20000 level. The chart again shows an increase in bearish pressure. For a bearish option, we need a negative consolidation and pullback below yesterday's low at 1.19350. A break below could lead to a further pullback and descent to...