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USDPLN Forecast – 15-August-2024

FxNews—The U.S. Dollar downtrend resumed, trading at about 3.881 against the Polish Zloty. This mark is the lowest price in 2024, aligning with the 2023 all-time low. The USD/PLN weekly chart below depicts the price and the 2023 all-time low, the key resistance to the bear market.

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fxnews.me

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Dec 26, 2023
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EURUSD Technical Analysis – 22-August-2024

FxNews—The European currency has been in an uptrend against the U.S. Dollar since June 9 from the $1.066 mark. The robust buying pressure exceeded yesterday’s trading session’s December 12, 2023 high, 1.113. As of writing, the EUR/USD currency pair trades slightly below 1.113, testing the December 2023 all-time high.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.​
 
fxnews.me

fxnews.me

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Dec 26, 2023
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USDSGD Forecast – 5-August-2024

FxNews—The U.S. dollar trades are bearish against the Singapore dollar at about 1.302 in today’s trading session. The USD/SGD currency pair tested the 1.310 resistance on September 3 but failed to surpass it, which is in conjunction with the 100-period simple moving average.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.​
 
fxnews.me

fxnews.me

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Dec 26, 2023
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GBPJPY Technical Analysis – 13-September-2024

FxNews—The British Pound trades in a bear market against the Japanese Yen at approximately 184.9. The new bearish wave began from the %50 Fibonacci retracement level at 194 and extended to 183.7, the September 11 low.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.​
 
fxnews.me

fxnews.me

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Dec 26, 2023
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Bitcoin Technical Analysis – 14-September-2024

FxNews—The Bitcoin bullish momentum that began at $52,670 has extended to the August 29 high ($61,190), above the 100-period simple moving average. As of this writing, the BTC/USD pair trades at approximately $59,700. Meanwhile, the stochastic oscillator and the relative strength index indicator signal overbought.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.​
 
fxnews.me

fxnews.me

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Dec 26, 2023
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USD/JPY Bear Market Explained

USDJPYDaily.png


FxNews—The immediate resistance is at 140.3, and the market condition is oversold. Hence, it is advisable to wait patiently for the USD/JPY price to consolidate near the upper line of the descending channel, around 143.4.

Furthermore, the downtrend will likely be triggered again if the descending trendline holds. If this scenario unfolds, the next bearish target could be the 137.2 level.

Please note, the bearish market would be invalidated if the USD/JPY price exceeds the 146.8 level.​

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.
 
fxnews.me

fxnews.me

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Dec 26, 2023
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USDHKD Forecast – 20-September-2024

FxNews—The American dollar has been experiencing a bullish wave since the low of 19.06 (September 18) against the Mexican peso. The uptick momentum resulted in the USD/MXN currency pair closing above 19.41 in today’s trading session, and it is trading at about 19.45 as of this writing.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.​
 
fxnews.me

fxnews.me

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Dec 26, 2023
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USDNOK Forecast – 23-September-2024

FxNews—The American dollar is in a downtrend against the Norwegian Krone, testing the June 6 low at 10.43. This development in the USD/NOK price resulted in the Awesome oscillator forming a divergence signal in the daily chart, meaning the trend can potentially reverse or consolidate near the upper resistance levels.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.​
 
fxnews.me

fxnews.me

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Dec 26, 2023
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Solana Consolidates After Breaking Resistance​

SOLUSDH4.png


FxNews—Solana is in a bull market, trading above the 50-period simple moving average and the $149 immediate resistance. Meanwhile, the Awesome oscillator signals divergence, meaning the Solana price can potentially consolidate near the lower support levels.
​

Forecast​

Today's decline in the Solana price can expand to $140 if the bears (sellers) close below the ascending trendline in the 4-hour chart. If this scenario unfolds, the $140 mark, which coincides with the 50-SMA, can provide a decent bid for retail traders to join the bull market.

The outlook for the ADA/USD trend remains bullish as long as the price is above $140. That said, the next bullish target will likely be the August 2024 high at $162.

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.​
 
fxnews.me

fxnews.me

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Dec 26, 2023
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USD/CHF Signals Sell Amid Gartley Pattern​

USDCHFH4.png


FxNews—The USD/CHF currency pair has formed a Gartley harmonic pattern on the 4-hour chart, signaling a sell. Immediate resistance lies at 0.851.

The downtrend will likely resume, targeting 0.842, provided the bears hold their position firmly below 0.851.

Conversely, the bearish outlook will be invalidated if the USD/CHF price exceeds 0.851. In this scenario, the bullish wave that began from 0.842 can potentially target 0.854.​

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.
 
fxnews.me

fxnews.me

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Dec 26, 2023
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USDCAD Technical Analysis – 30-September-2024​



FxNews—The U.S. Dollar is erasing some of its recent losses against the Canadian currency, although the primary trend remains bearish. As of this writing, the USD/CAD currency pair tested and dipped from the 1.353 level (the September 19 low), trading at approximately 1.351 in today’s session.​

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.
 
fxnews.me

fxnews.me

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Dec 26, 2023
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BTC/USD Oversold as Bearish Wave Extends​

11817-2024-10-01-09-00-44.png


FxNews—Bitcoin dipped to $62,690, as expected. The Stochastic oscillator shows a reading of 16, indicating that BTC/USD is in an oversold condition. On the other hand, the Awesome Oscillator bars are red and below the signal line, signaling that the bear market is gaining more momentum.

From a technical perspective, the market outlook remains bullish as long as the BTC/USD price stays above $62,690. The bearish wave, which began from $66,950, could potentially extend to the 100-period SMA at $60,900 if the price falls below $62,690.

On the flip side, immediate resistance rests at $64,860. The uptrend can resume if the bulls manage to stabilize the price above $64,860.​

Discover the latest updates and in-depth technical analysis on the forex market—all for free—FxNews.
 

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