🔻 Ethereum closed as an unclear price action today and was trying to test the $530 - $538 support zone again! 🔹 Ethereum is simply following in Bitcoin's movement
🔔 XRP is simply moving trading around our trend lines and it will continue its direction ( We can get a confirmation from 1H TF " We need 2-3 1H or one 4H Candle " , You can trade it if you want to trade overnight!
🔹 Below $17,500 Bitcoin will remain bearish, $15,000 - $15,250 will serve as a key support zone in the future 🔹 $19,700-19,900 is the next resistance zone and above it Bitcoin will visit $24,400-$24,600
🔻 Oil moved bullish from the bearish dollar and hope to come from the COVID-19 vaccine but it closed below $47 🔹 A little bit more of a bullish move is possible from here as well. But the fundamentals won't change 🔹 The fact is that oil has a huge oversupply issue and that will lower oil's price once the hype regarding the vaccine is over
🔻 Gold moved slowly and closed as a Doji as it moved between the lines that we mentioned before 🔹 A re-test of the red trend line in Gold is very possible at approximately the $1,825 zone
🔻 Price remained bullish today as the Dollar Index was bearish 🔹 AUDUSD hit our target at 0.7530 and closed above it Which means a further upside move is more likely from here
🔹 A bearish dollar and a bullish oil price helped USDCAD to remain bearish 🔹 A pullback in the intraday is possible
🔔 The next support is 1.3200, and 1.3500 is the next major resistance in the Daily chart — above 1.3500 the next resistance is 1.3700
🔰 EUR/USD - Daily Update 🔰 🔻 EURUSD moved bullish today after a bearish move yesterday, The daily candle closed above 1.2100 🔹 further upside move is more likely from it as the market took ECB positively today
🔰 USD/JPY Weekly Outlook 🔰 🔻 The USDJPY pair shows sideways and tight trades since last week, waiting to resume the bullish bias to visit 106.44 that represents our main positive target. 🔻 Therefore, we will keep our bullish overview on the intraday basis, reminding you that the continuation of the expected rise requires holding above 105.20 ( Our Minor Support...
🔰 EUR/USD Weekly Outlook 🔰 🔻 The EURUSD pair continues to fluctuate around 1.1720 and 1.1750 levels, no change to the expected bullish trend scenario for the upcoming period 🔻 the bullish validity depends on the price stability above the 1.1700 key level, keep in mind you that our targets begin at 1.1775 and extend to 1.2011 ⚠️ We will let Sunday Opening to do...
In the bigger picture 🔰 🔹There is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favour to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. ⚡️Sustained break there will pave the way to 0.4773 (2001 low). 🔸On the upside, however, sustained break of 0.6607 will suggest medium term...
🔹Price actions from 1.0635 are seen as a corrective pattern. 🔸 On the downside, break of 1.0727 support will raise the chance that the correction is completed. 🔸Intraday bias will be turned to the downside for retesting 1.0635 low. 🔹On the upside, above 1.0895 will turn bias to the upside for 1.1019 resistance to extend the pattern. But in that case,...