FxNewsDaily's Beiträge

FxNews—Bitcoin Technical Analysis in Krypto Nov 05, 2024 at 17:06

Ethereum Eyes $2,480 Break with Double Bottom PatternFxNews—Ethereum has formed a double bottom pattern and is currently testing the $2,480 resistance level. Meanwhile, the Awesome Oscillator signals divergence with green bars approaching the zero line from below. This development in the price action and the AO indicator suggests that Ethereum’s price has the potential to rise further.From a technical perspective, the bullish wave could resume if ETH/USD exceeds $2,480. In this scenario, the next bullish target could be the $2,560 resistance level.Conversely, a dip below the $2,380...

FxNews—Forex Technical Analysis in Erfahrene Trader Nov 05, 2024 at 11:26

USD/CHF FVG Bearish Gap Hints at Stronger DowntrendFxNews—USD/CHF tested the 100-period simple moving average. Consequently, the 4-hour price chart formed a bearish fair value gap, indicating that the bear market is strengthening. Additionally, the AO histogram turned red, suggesting the downtrend should resume.The immediate support rests at the November 4 low, the 0.861 mark. From a technical perspective, the downtrend should continue if USD/CHF closes below 0.861. In this scenario, the bearish trend will likely extend to the 23.6% Fibonacci support level at 0.857.Please note that the b...

FxNews—Bitcoin Technical Analysis in Krypto Nov 04, 2024 at 18:56

Bitcoin Drops Below Key Level: Is $66K the Next Target?FxNews—Bitcoin dipped below the 38.2% Fibonacci retracement level after the price tested the bearish Fair Value Gap in conjunction with the broken trendline. Furthermore, the Awesome Oscillator histogram turned red, hinting at the downtrend strengthening.From a technical perspective, the next bearish target should be the 50% Fibonacci level at $66,000. Please note that the bearish strategy should be invalidated if BTC/USD exceeds $70,000.

FxNews—Forex Technical Analysis in Erfahrene Trader Nov 04, 2024 at 12:23

GBPUSD Bounces from 100-SMA as UK Inflation Nears 2.6%The GBP/USD primary trend remains bearish as long as the price is below the 38.2% Fibonacci retracement level. If that level holds, the downtrend will likely resume. In this scenario, the GBP/USD pair could target 1.293, followed by 1.287.

FxNews—Forex Technical Analysis in Erfahrene Trader Nov 01, 2024 at 10:03

Euro Faces Pressure: Key Indicators to Watch NowFxNews—The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening.From a technical perspective, the bullish outlook remains valid as long as the price holds above the 1.085 support level. In this scenario, the next target could be the 38.2% Fibonacci retracement level...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 31, 2024 at 10:17

EUR/USD Tests Key Resistance Trading at 1.087FxNews—The EUR/USD price trades at approximately 1.087, testing the October high as resistance, backed by the 100-period simple moving average. Concurrently, the Stochastic Oscillator is overpriced, indicating that the Euro is overpriced in the short term. That being said, the Awesome Oscillator recently turned red, suggesting that the bear market is gaining more momentum. ForecastFrom a technical perspective, the downtrend should resume if the immediate resistance at 1.087 holds. In this scenario, EUR/USD is likely to revisit the October low ...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 30, 2024 at 16:56

GBP/USD Tests Key Resistance: Will It Break or Retreat?FxNews—The GBP/USD currency pair broke above the descending trendline, testing the 100-period simple moving average as resistance. Currently, the market is uncertain. The 4-hour chart formed a long wick bullish and bearish candlestick pattern one after another. Therefore, the next wave depends on whether the price exceeds the primary resistance at $1.304 or falls below the immediate support at $1.293.On the bullish side, if GBP/USD closes above 1.304, which is backed by the 100-SMA, the consolidation phase has the potential to extend...

FxNews—Bitcoin Technical Analysis in Krypto Oct 30, 2024 at 12:12

EURUSD Faces Strong Resistance at 1.087FxNews—The EUR/USD currency pair tested the 100-period simple moving average at approximately 1.087 in today's trading session. This level was backed by Fair Value Gap, making it a robust barrier that can halt the bullish momentum. Consequently, the price bounced from the 100-period SMA. From a technical standpoint, immediate resistance is at $1.087. If bears maintain a position below that mark, the downtrend will likely revisit $1.076. Conversely, a cross above the 100-SMA invalidates the bearish outlook.

FxNews—Bitcoin Technical Analysis in Krypto Oct 29, 2024 at 13:54

Cardano Eyes $0.347 Break as Bulls Take ChargeFxNews—Cardano is testing the 100-SMA at $0.347 amid the Stochastic signaling overbought. On the other hand, the Awesome Oscillator indicates that the bull market should prevail, with a green histogram above the signal line. From a technical perspective, the bullish wave should resume after a minor consolidation below the $0.347 immediate resistance. In this scenario, the next bullish target could be the $0.358 resistance area (FVG) if bulls stabilize the price above the immediate resistance. Please note that the bullish scenario should be in...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 29, 2024 at 09:25

GBP/JPY Signals Strength Above Key Support LevelsFxNews—GBP/JPY bounced from the 198.3 Fair Value Gap area, which is a strong bullish signal, considering the primary trend is bullish with the price being above the 50- and 100-period simple moving averages.The momentum indicators are not overbought, and the Awesome Oscillator histogram turned green, suggesting the uptrend should resume.Critical support that divided the bull market from the bear market stands at 196.6, backed by the 50-period simple moving average. As long as the price holds above the 196.6 mark, the outlook for the GBP/J...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 28, 2024 at 10:37

EUR/USD Set to Drop as Bearish Pattern FormsFxNews—The EUR/USD currency pair formed a bearish engulfing pattern close to the 50-period simple moving average. Meanwhile, the immediate support rests at $1.078. From a technical perspective, the downtrend will likely resume, with the next target at $1.072 if bears stabilize the price below the immediate support.Furthermore, the bearish outlook should be invalidated if the EUR/USD price exceeds the critical resistance level of $1.088.

FxNews—Bitcoin Technical Analysis in Krypto Oct 26, 2024 at 15:16

Bitcoin Eyes $68,750: Bullish Momentum GrowsFxNews—Bitcoin is trading around $66,800, holding above the 100-period simple moving average (SMA) and the critical support level of $65,200.Technical indicators suggest a mildly bearish trend, with both the Stochastic and RSI 14 declining. However, the Awesome Oscillator’s histogram has turned green, indicating bullish momentum is gaining strength. In addition to the signal from the Awesome Oscillator, the 4-hour chart shows a long-wick bullish candlestick pattern.Technically, if Bitcoin stays above the 100-period SMA, the bullish move m...

FxNews—Bitcoin Technical Analysis in Krypto Oct 24, 2024 at 15:59

Litecoin Eyes $71.5 Amid Bullish MomentumFxNews—Litecoin bounced off the $67.5 resistance, backed by the 100-period SMA. As of this writing, LTC trades at approximately $70.4, testing the 38.2% Fibonacci retracement level. The primary trend is bullish because LTC/USD is above the 100-period simple moving average. Additionally, the Awesome Oscillator histogram is green and rising toward the signal line. From a technical perspective, the uptrend will likely resume with the next bullish target at $71.5, a resistance area backed by the 50% Fibonacci and the Fair Value Gap area. The immediate...

FxNews—Bitcoin Technical Analysis in Krypto Oct 24, 2024 at 12:42

Ethereum Eyes $2,590: Can Bulls Hold $2,505 Support?FxNews—Ethereum price rebounded from $2,450, the September 14 high. However, the uptick momentum eased when the price hit the 100-period SMA as resistance.The technical indicators show signs of a bullish trend, with both the Stochastic and RSI 14 rising from the oversold territory. Meanwhile, the Awesome Oscillator histogram has turned green, which is interpreted as a sign that the bull market is strengthening.Immediate support is at $2,505. The current uptick momentum has the potential to fill the Fair Value Gap at $2,590, provided the...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 24, 2024 at 09:20

Gold Rebounds: Opportunities for Bullish TradersFxNews—Gold has resumed its upward trend following a brief consolidation near the 50-period simple moving average. Technical indicators like the RSI 14 and Awesome Oscillator suggest that the bullish momentum is likely to continue. The immediate resistance level is at $2,685, and there’s potential for the yellow metal to surge further, targeting the Fair Value Gap (marked in red). If this gap holds, gold may retest the $2,685 level, offering traders a good opportunity to enter the bullish market.However, it’s important to note t...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 23, 2024 at 14:31

Bearish Outlook for AUD/USD with Key Levels in FocusFxNews—AUD/USD formed a bearish Fair Value Gap (FVG) after the price broke below the $0.665 support level, signaling a potential continuation of the downtrend. Momentum indicators are not yet in oversold territory, suggesting the price still has room for further decline.Given the formation of the FVG, the Australian dollar may temporarily recover some of its losses near the upper band of the bearish flag before the downtrend resumes.Furthermore, the next bearish target could be the $0.656 support, provided the critical resistance at $0....

FxNews—Bitcoin Technical Analysis in Krypto Oct 23, 2024 at 08:47

Will Solana Bounce Back Above $171.7? Key Levels to WatchFxNews—Solana consolidates below the $171.7 high as expected because the Stochastic and RSI 14 signaled overbought at the time. As of this writing, SOL/USD trades at approximately $165.6, testing the median line of the Bollinger Bands. The primary trend should be considered bullish because the price is above the 50- and 100-period simple moving averages. However, the Awesome Oscillator histogram is red, signaling that the downtick momentum from $171.7 could extend to the lower support levels. From a technical perspective, the trend...

FxNews—Bitcoin Technical Analysis in Krypto Oct 22, 2024 at 13:28

Hello,Your analysis is correct. At the time of posting, LTC/USD is on the verge of dropping below the $69.7 support level.

FxNews—Bitcoin Technical Analysis in Krypto Oct 22, 2024 at 13:26

Ripple's Fall Below $0.54 Signals More DropsFxNews—The Ripple (XRP) bulls failed to surpass the $0.56 resistance. Consequently, the price dipped below the $0.54 immediate support. As a result, the downtrend resumed, with the critical resistance remaining valid at the October 17 high. The technical indicators suggest the downtrend should resume. In this scenario, the XRP/USD price will likely revisit the October 3 low at $0.507. The bearish outlook should be invalidated if XRP exceeds $0.5600.

FxNews—Bitcoin Technical Analysis in Krypto Oct 22, 2024 at 09:18

Oversold Litecoin Prepares for Bearish Wave or ReboundFxNews—Litecoin stabilized the price below the critical $71 support, backed by the 5-period simple moving averages. However, the robust selling pressure from $76.0 drove the Stochastic Oscillator into oversold territory, meaning the U.S. Dollar is overpriced. Hence, the Litecoin price is expected to consolidate around the 50-period SMA before the downtrend resumes. The consolidation ranges from the $69.7 immediate support to the %38.2 Fibonacci retracement level at $71.9 critical resistance. Please note that a new bearish wave will li...

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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