On Friday, the euro fell to its April low of 1.08500, after which we have consolidation and recovery to 1.09000. The pair is again above the MA20 moving average, and we can expect a continued recovery towards 1.09500 based on the current situation. Technical indicators MA50 and MA200 are in the zone of about 1.10000 levels. Suppose the euro manages to stay at that...
During the Asian session, the EURUSD pair was in lateral consolidation. The EU decided yesterday to introduce additional sanctions against Russia. The economic effects of the ban on imports and trade with Russia will leave a mark on the economic activity of the eurozone. Optimism for a breakthrough in the negotiations between Russia and Ukraine is "lean". The...
The pair fell to a low of 75,600 on March 31, after which it moves this week in the range of 80,000-86,000. We are currently at 83,950, and we can say that the USDRUB is stable for now after a stormy March. Now we are back in the pre-war zone of movement in Ukraine. At the current level, we can expect the pair to continue towards 90,000 and make a new turn to the...
The price of bitcoin continues its negative consolidation after it reached the $ 48,300 level on March 29. In two cases, the price fell below $ 45,000, testing support at $ 44,000. Based on that, we can form a drop-down channel on the chart and monitor this consolidation. The MA20 and MA50 are now on the bearish side, amplifying the negative price pressure. And...
Pair GBPUSD is still in consolidation and has supported the bottom line since March 14. The problem for the pound may be because we will soon come to the upper trend line, which may be a potential resistance on the chart. Looking at moving averages, we see that if a break occurs above the upper trend line, they move to the bullish side and increase bullish...
Pair EURUSD continues its withdrawal from Friday after encountering resistance at 1.11870. The euro quickly retreated below 1.11000 and the MA200 moving average. During the Asian session, we consolidated around 1.10500, and as the European session began, the euro continued to weaken and made a break below 1.10500. Today's low was at 1.10200. From the bottom, we...
During the Asian session, the euro is trying to consolidate after yesterday's loss against the dollar. Optimism in the financial market has waned, strengthening the dollar as the main transaction safe-haven currency. The euro is exchanged for 1.1055 dollars, which is a weakening of the common European currency by 0.06% since the beginning of trading tonight. A...
The price of bitcoin is calm at the moment and is consolidating above $ 47,000. It is currently impossible to estimate a further trend, and we need a break above $ 48,000 to continue on the bullish side or a pullback below $ 47,000 to continue on a bearish side down to the $ 45,000 support zone. The dollar index is also calm today, which is a sign for investors to...
This morning during the Asian session, the dollar fell to a new one this year at 81,000. At the beginning of the month, the USDRUB pair reached its peak at 154,300 as a result of Russia's attack on Ukraine and the application of sanctions by the EU, America and other allies. After that, consolidation started, and now we are back to the period before the start of...
The price of ethereum continues its bullish campaign, conquering the $ 3400 level. Today's current high is at $ 3,484. Now we have a smaller withdrawal, and we expect to make a consolidation from which a new bullish impulse should come. Our next target is the $ 3,800 resistance zone, the previous high of January 5th. We need a new negative consolidation and a pull...
The USDRUB pair continues its consolidation in the range between 90,000 and 100,000. We are literally sitting on the MA200 moving average and looking to see if we will see a break below or a bullish momentum that would launch this pair above 110,000. Even moving averages collect around 100,000 levels. We need positive consolidation above 105,000 and above moving...
The USDRUB pair was in the range of 95,000-105.00 this week. We did not have any significant jumping below and above the support and resistance zones. If we follow the moving averages, we will notice that the pair has fallen below the MA200 moving average, which may signify increased bearish pressure. For the bearish option, we need a drop to support at 90,000. If...
Bitcoin continues to recover and consolidate above $ 42,000. It is currently at $ 42,900, and with the support of moving averages, we can expect a continuation to the previous resistance zone at $ 45,000. A break above $ 45,000 would open up space for us up to $ 52,000. Medium-targets are first at $ 48,000 and then $ 50,000 psychological level. For the bearish...
Today, USDRUB is consolidating in the range of 95,000-100,000 on the MA200 moving average. Yesterday, the Russian president stated that all countries that imposed sanctions on Russia will pay their obligations for the gas and other energy sources in Russian rubles. This strengthened the Russian ruble because it was in the range of 105,000-110,000 yesterday. We...
During the Asian session, the euro weakened against the dollar. Earlier this week, European Central Bank President Christine Lagarde said that eurozone monetary policy would not keep pace with US Federal Reserve policy. The conflict in Ukraine and the repercussions of harsh sanctions against Russia have very different consequences for the economies of the United...
Bitcoin managed to break above the $ 42,000 resistance zone, climbed to $ 43,300 and now the price is consolidating to $ 42,850. If the price plans to stay above and continue on the bullish side, it should find support above $ 42,600. If it succeeds, our next target is the zone of the previous high from the beginning of March, around 45,000 dollars. For the...
The price of Bitcoin still fails to make a concrete break above $ 42,000 and stay above. We had such an attempt yesterday, where the price climbed to 42,450 dollars. After that, we had a rapid withdrawal of up to $ 40,550. The MA20 moving average is now on the bearish side and puts a little pressure on the price, while the MA50 and MA200 are in the zone of around...
Pair GBPUSD managed to climb to 1.32000 yesterday and test this level but made a new pullback after that, and we are now at 1.31300. We could find potential support at 1.31000 because MA20 and MA50 moving averages are waiting for us as additional support. If GBPUSD makes a new break above, it could form an inverted Head & Sholders pattern on the chart. Then we...