I did my analysis with CHF / JPY and saw that the price would drop for a long time. It has faced a strong resistance and this resistance can drop to the price of 112,550.
When we look at the daily chart, we see that the big sellers have entered the market in EUR / GBP and have encountered strong resistance. (This resistance was broken due to the large buyers entering the market on March 16)
Having a very strong resistance, the pair knows strong sales. In my current analysis, the level at which the price will come is 1.10800.
I analyzed the prices of the US Dollar and the Yen in the future, which could happen in the future. At the moment, the pair is very strong and the Momentum declining will be able to see the 106,250 level in the coming weeks.
My forecast for Bitcoin at the end of 2020 is 15 thousand dollars, it should not rush to sell everything that owns Bitcoin. While some sources say it will not be 250,000 dollars by 2022, it does not look realistic right now.
In this analysis, I analyzed the future prices of the Dow Jones index. The price will most likely be a withdrawal. This retreat will be around the 26410 level. After this retreat, he knows according to the 28959 levels.
I have set the goals that the British pound can go by the end of the year. The current level is the level of support that occurred in the 1985 year.
The GBP/USD pair spiked to fresh daily tops, around the 1.2200 mark during the early North American session, albeit quickly retreated few pips thereafter.
Gold prices (XAU/USD) has bounced off four-day lows of $1692.04 and looks to extend the recovery momentum above the 1700 mark, despite a broadly firmer US dollar.
The EUR/USD failed to break 1.0860 and pulled back. It is trading at 1.0819, the lowest since the Asian session as the greenback recovers ground across the board.
At their session lows, the Brent front-month fell to $18.10 a barrel, its lowest since December 2001, while the WTI second-month fell to $11.79, the lowest for that contract since February 1999.
EUR/USD is building a range as price action is unable to break the tops or bottoms. The pattern remains bearish as long as price remains below 1.1339
When the bulls penetrate the resistance level of $1,643 upside, it will be targeting the resistance level of $1,690 and $1,712. In case the resistance level of $1,643 holds, consolidation may continue.
Following the increases on Wednesday, oil headed down before the EIA weekly report. Expectations are that an increase of approximately 3 million barrels in crude oil stocks will be reported. US oil futures dropped 2.7% to $ 23.37. Brent fell 4.5% to $ 25.92.
Reflecting the risk-averse environment, the 10-year US Treasury bond yield is down 5.6% on the day and is most inverted with the 3-month T-bond yield since October. Additionally, major global equity indexes are suffering heavy losses. In the meantime, the data published by Statistics New Zealand on Monday revealed that Retail Sales rose 0.7% on a quarterly basis...
The British pound broke down a bit during the trading session on Thursday, slicing through the 1.29 level again. The market continues to struggle against the greenback in general, but it is approaching support.
The pair, which has been at its lowest level since 2016, is now ending sales and will be in a strong rise. Possible goals of price, according to my Elliot Technical Analysis: TP: 1.08390 TP2: 1.08590 TP3: 1.08790 TP4: 1.08990 TP5: 1.09090
The pair, which has not experienced any increase since the early morning hours yesterday, has now received a strong support level and trend support. It is likely to be "0.66100" at the moment.