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forexboat

Price Action: Today AUD/CAD had a confirmed clean bounce off the Fibonacci support at 0.9325. This is 427.2% Fibonacci retracement level, where Fibs was applied to the corrective wave up after price broke below the 200 Simple and Exponential Moving Average. The most recent price action shows a steep decline produced by AUD/CAD, but at some point, it should end....

forexboat

Along with the price of Gold, the price of Silver also remains bullish in the long run. The uptrend trendline has been rejected on the daily timeframe, and the price remains above the 200 Exponential Moving Average. This validates the uptrend, thus increasing the probability of further price increase. On September 24, XAG/USD cleanly rejected the 327.2% Fibonacci...

forexboat

Price Action: Today EUR/JPY has reached and rejected the average-price downtrend trendline. At the same time, if we look at the daily timeframe, the price failed to close below the 123.80 support, where previously EUR/JPY rejected the 200 Exponential Moving Average on the 1-hour timeframe. This means that as long as the daily closing price remains above 123.80,...

forexboat

Trend: Bullish Key support levels: 363, 312, 300 Key resistance levels: 400 Price Action: The cryptocurrency market is alive once again, as many major coins are starting to look extremely bullish. This also applies to the Ethereum, which is a top 2 cryptocurrency based on the total market capitalization. As price clearly producing higher highs and higher...

forexboat

Trend: Bullish Key support levels: 1.7700, 1.7640 Key resistance levels: 1.7870, 1.8170 Price Action: It just seems like the EUR/NZD has been forming a triangle pattern since January of this year. Price continues to reject the uptrend trendline suggesting bullish dominance, while extra more buying pressure might send the price up, towards the downtrend...

forexboat

Trend: Bullish Key support levels: 1.7046 Key resistance levels: 1.7340 Price Action: GBP/CAD bottomed out back on September 11th, when the price tested the 1.6809 low. Since then pair has been rising steadily and managed to reach 1.7292 high on September 30th. While the price has been climbing up, it broke above the 200 Exponential as well as Simple...

forexboat

Trend: Bullish Key support levels: 1.8035, 1.7987 Key resistance levels: 1.8171, 1.8344 Price Action: The GBP/AUD trend is clearly bullish as the price continues to print higher highs and higher lows. On September 24 pair broke above the downtrend trendline as well as 200 Simple and Exponential Moving Average, reaching 1.8282 high. The corrective wave down...