FxNewsDaily's Beiträge - Seite 2

FxNews—Bitcoin Technical Analysis in Krypto Oct 21, 2024 at 16:54

Ethereum Tests Key Fibonacci Level at $2,665FxNews—The 4-hour Ethereum chart formed a Bat harmonic pattern, backed by MACD's divergence signal, which resulted in the price dipping from $2,770. As of this writing, ETH/USD is testing the 23.6% Fibonacci retracement level at $2,665.From a technical perspective, the consolidation phase will likely extend to the 38.2% Fibonacci level at $2,600 if ETH/USD stabilizes below the 23.6% level. Notably, the Ichimoku Cloud supports the 38.2% Fibonacci level, a significant supply zone for entering the bull market.Therefore, traders should closely ...

FxNews—Bitcoin Technical Analysis in Krypto Oct 21, 2024 at 10:05

BTC Tests Bollinger Median Amid MACD DivergenceFxNews—Bitcoin's price pulled back from $69,500, testing the median line of the Bollinger Bands. The MACD indicator signals divergence, meaning the current consolidation phase could extend to the lower support levels, starting with filling the FVG (Fair Value Gap) at $67,500 and followed by $66,680.These two support levels are backed by the Ichimoku Cloud, making them decent zones for betting on the bullish trend. Retail traders and investors should monitor the support mentioned above levels for bullish signals, such as hammer or bullish...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 18, 2024 at 15:06

Crude Oil Dips Below $69.7, Eyes Next Target at $67.5FxNews—Crude Oil bears broke the $69.7 critical resistance in the current trading session. This development in the price chart will likely result in the Oil price dipping further. In this scenario, the next bearish target will likely be the $67.5 resistance level.Please note that the immediate resistance rests at $71.8, which is backed by the 100-period simple moving average. The bearish outlook should be invalidated if the price exceeds the $71.8 mark.

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 18, 2024 at 10:13

GBP/USD Consolidates Amid U.K.'s Retail Sales SurgeFxNews—The U.K.'s retail sales unexpectedly rose 0.3%, which eased the GBP/USD's downtrend around the 1.30 resistance. As of this writing, the currency pair tests the 50-period simple moving average in conjunction with the descending trendline. ForecastFrom a technical perspective, the primary trend remains bearish as long as the pair trades below the critical resistance of 1.325, backed by the 100-SMA. If bulls pull the price above the 50-SMA, a new consolidation phase could emerge, targeting the $1.314 resistance level, whi...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 17, 2024 at 09:43

Litecoin Dips Below $71 Amid Market WarningsFxNews—Litecoin dipped below the $71.0 critical resistance amid the Awesome Oscillator histogram declining toward the signal line. The market is in an overbought state as RSI 14 is approaching the 70 level.FxNews analysts advise that retail traders and investors wait patiently for the price to consolidate near the 50% Fibonacci retracement level at $67.5, a supply zone offering a decent opportunity to join the bull market.The bullish outlook would be invalidated if Litecoin bears push the price below the $67.5 support.

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 16, 2024 at 16:58

ETH Bull Run: Eyes on $2,720 After Fibonacci BounceFxNews—The Ethereum price tested and bounced from $2,550 and resumed the uptrend, trading bullish above the 61.8% Fibonacci retracement level. The recent dip was anticipated because the Stochastic and RSI 14 were in overbought territory, and the 4-hour chart formed bearish candlestick patterns.The Awesome Oscillator's recent bar turned green, indicating the current bullish wave should resume. In this scenario, the next bullish target will likely be $2,720. Please note that the bullish outlook will be invalidated if the price dips bel...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 16, 2024 at 10:56

USD/CAD Consolidation Sparks Speculation of Bearish MomentumFxNews—The USD/CAD currency pair pulled back from 1.384 as expected since RSI 14, and the Stochastic Oscillator signaled overbought. Meanwhile, the Awesome Oscillator histogram is red and heading toward the signal line from above, meaning the bearish momentum from 1.384 could resume. From a technical perspective, the USD/CAD currency pair is still overbought. Therefore, we advise traders to exercise patience and wait for the price to consolidate near the lower support levels. In this scenario, a break below the immediate resista...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 15, 2024 at 14:14

Cardano Bulls Eye $0.366 Breakout to Resume UptrendFxNews—Cardano (ADA/USD) faces the $0.366 hurdle, a strong resistance from which the price has been pulled back at least four times. Interestingly, the price has a fair value gap (FVG) to fill, which could result in the Cardano price targeting the 61.8% Fibonacci retracement level. Given that the price is above the SMA 100, the trend should be considered bullish. However, for the uptrend to resume, the bulls must stabilize the price above the $0.366 resistance.That said, the Awesome Oscillator and Stochastic show signs of a bearish marke...

FxNews—Bitcoin Technical Analysis in Krypto Oct 15, 2024 at 07:59

Bitcoin Peaks at $66,700: Bearish Signal AheadFxNews—Bitcoin’s uptrend resulted in the price peaking at the $66,700 ceiling. The BTC/USD 4-hour chart formed a bearish long-wick candlestick pattern, while the RSI and Stochastic indicators signal overbought conditions.The Bitcoin price can test the $64,280 resistance before the uptrend resumes.

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 14, 2024 at 11:21

Ethereum Rallies, Breaks $2,500 and Eyes $2,590FxNews—ETH/USD broke out from the symmetrical triangle last week. Consequently, the uptrend resumed with the passing of the $2,500 critical resistance, which is active support as of this writing. The Ethereum bulls are testing the September 26 low as resistance, while the Stochastic Oscillator shows 91 in the description, meaning Ethereum is overpriced in the short term.From a technical perspective, it is not advisable to go long when the market is saturated with buyers. That being said, traders and investors should wait for the market to co...

FxNews—Bitcoin Technical Analysis in Krypto Oct 14, 2024 at 08:50

Bitcoin Hits $64,280, Now Overbought: Caution AdvisedFxNews—Bitcoin's rebound from $59,800 resulted in the bulls hitting $64,280. The robust buying pressure drove Stochastic into overbought territory, signaling that BTCUSD is overbought in the short term. Going long in an overbought market is not advisable; therefore, traders and investors should consider waiting patiently for the market to consolidate and fill previous gaps. That said, the price can potentially consolidate near $63,200 before the uptrend resumes. This level provides a solid entry point into the bull market.

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 11, 2024 at 11:36

USD/CHF Stabilizes above 50-SMA as Indicators Signal ShiftFxNews—The USD/CHF currency pair consolidates above the 50-period SMA and the $0.854 resistance as expected since the Stochastic was signaling overbought conditions. Interestingly, the Awesome Oscillator histogram not only turned red but also flipped below the signal line, signaling divergence that could result in a trend reversal.The immediate resistance rests at $0.854. The Swiss Franc could erase some of its losses against the Greenback if bears push the price below the immediate resistance and the 50-period simple moving avera...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 09, 2024 at 13:24

Gold Bears Eye New Targets Below $2,625FxNews—Gold price fell below the $2,625 resistance as the Awesome Oscillator histogram turned red, signaling that the bearish trend may gain more momentum. As of this writing, XAU/USD bulls tested the $2,625 resistance, coinciding with the 100-period simple moving average, with the precious metal potentially initiating a new bearish wave.ForecastFrom a technical perspective, if the $2,625 level holds, the next bearish target could be $2,590. Furthermore, if the selling pressure exceeds $2,590, the decline could extend to the 61.8% Fibonacci retracem...

FxNews—Bitcoin Technical Analysis in Krypto Oct 09, 2024 at 11:27

Bitcoin Bulls and Bears Battle at Fibonacci MarksFxNews—Bitcoin remains bearish, staying below the 100-period simple moving average. The Awesome Oscillator and Stochastic indicators suggest increasing bearish momentum, with the latter entering oversold territory at 17, hinting at a potential price rebound. The Relative Strength Index, at 46, confirms the bearish outlook as it falls below the median. Additionally, a drop below the Supertrend line encourages a sell strategy.Overall, indicators predict a further downtrend, possibly descending to lower support levels.Bearish ScenarioBearish ...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 09, 2024 at 09:02

USD/JPY Stuck in Tight Trading RangeFxNews—The USD/JPY currency pair is consolidating in a narrow range, above the 146.8 support and below the 149.4 resistance.The primary trend is bullish because the U.S. dollar trades above the 50- and 100-period simple moving averages against the Japanese yen. However, the technical indicators show signs of bearish momentum.> The Stochastic Oscillator is declining, while the Awesome Oscillator bars have turned red and are approaching the signal line from above.> On the other hand, the Relative Strength Index (RSI) gives a mixed signal, w...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 08, 2024 at 18:27

WTI Crude Oil Price Analysis - 8-October-2024FxNews—WTI crude oil prices fell from $78.4 due to an overbought market signaled by the Stochastic oscillator over 80. The price dipped to $73.3 before rebounding to around $74.4, currently facing resistance at the August 28 low.Despite a bearish indication from the Awesome oscillator and a downtrend signal from the Relative Strength Index falling below the median line, the overall trend remains bullish. This is supported by prices staying above the 50- and 100-period simple moving averages (SMA).Bullish Scenario: If the $73.3 resistance holds...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 08, 2024 at 09:06

Silver Slides Below SMA: Bearish Trend Takes HoldFxNews—Silver prices have fallen below the 100-period simple moving average, indicating a shift from a bullish to a bearish trend. Currently, silver is testing the support at $30.9, with technical indicators suggesting further declines.The Stochastic oscillator is at 18, suggesting that silver is oversold and might briefly recover before resuming its downtrend. The Awesome Oscillator has also moved below the signal line, reinforcing the bearish outlook.If silver breaks below the $30.9 support, it could target the September 18 low of $30.2 ...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 07, 2024 at 17:07

GBP/USD Shows Potential for Recovery as Bullish Momentum BuildsFxNews—The GBP/USD pair is trading in a bear market. Meanwhile, the Stochastic Oscillator hovers below the 20 line, signaling that the market is oversold. However, the Awesome Oscillator shows signs of bullish momentum, with green bars approaching the signal line from below.ForecastThe critical support level is at 1.304. If this level holds, the British pound could potentially erase some of its losses against the U.S. dollar. In this scenario, the GBP/USD price could rise and test the 1.326 resistance, supported by the 100-pe...

FxNews—Forex Technical Analysis in Erfahrene Trader Oct 07, 2024 at 10:15

Oversold EUR/USD Pair Testing Major $1.095 Support ZoneFxNews—The EUR/USD pair is trading bearish, testing the $1.095 critical support in today's trading session. Meanwhile, the Stochastic and RSI (14) indicators hover in the oversold territory, signaling a market saturated with selling pressure.From a technical perspective, it is not advisable to join the bear market when it is oversold. Hence, retail traders and investors should wait patiently for the EUR/USD price to consolidate near the upper resistance level.In this scenario, the $1.102 demand zone could provide a decent entry p...

FxNews—Bitcoin Technical Analysis in Krypto Oct 07, 2024 at 06:08

FxNews—Bitcoin broke the $63,200 pivot today, stabilizing above it. The Stochastic signals overbought conditions, meaning BTCUSD might consolidate before the uptrend resumes.If the 50-SMA holds, the next bullish target could be $66,700.

EURUSD	1.13024	GBPUSD	1.33063	AUDUSD	0.64114
USDJPY	145.409	USDCAD	1.38209	USDCHF	0.82952

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