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Euro Faces Pressure: Key Indicators to Watch Now
FxNews—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 at 1.093.
Please note that the bullish outlook should be considered invalid if the price dips below 1.084.
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 at 1.093.
Please note that the bullish outlook should be considered invalid if the price dips below 1.084.
Good read:
Article ⇒ Is Solana $159 Support Level About to Break?
FxNews—Solana‘s value declined from the October 29 high of $183.0. The bearish momentum eased when the price neared the 38.2% Fibonacci retracement level at $159.5. As of this writing, the SOL/USD pair trades at approximately 163.7, pulling away from the 159.5 support backed by the bullish Fair Value Gap.
FxNews—Solana‘s value declined from the October 29 high of $183.0. The bearish momentum eased when the price neared the 38.2% Fibonacci retracement level at $159.5. As of this writing, the SOL/USD pair trades at approximately 163.7, pulling away from the 159.5 support backed by the bullish Fair Value Gap.
USD/CHF FVG Bearish Gap Hints at Stronger Downtrend
FxNews—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 strengthens. 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 bearish outlook will be invalidated if USD/CHF closes and stabilizes above the 0.865 immediate resistance.
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 bearish outlook will be invalidated if USD/CHF closes and stabilizes above the 0.865 immediate resistance.
Good read:
Article ⇒ Ethereum Surpassed $2560 Double Bottom Pattern Confirmed
FxNews—Ethereum formed a double bottom pattern, as mentioned in our previous analysis. The pattern resulted in the price breaking from the $2,480 immediate resistance and surpassing the $2,560. As of this writing, ETH/USD stabilizes above the $2,560 critical resistance, coinciding with the 100-period simple moving average.
FxNews—Ethereum formed a double bottom pattern, as mentioned in our previous analysis. The pattern resulted in the price breaking from the $2,480 immediate resistance and surpassing the $2,560. As of this writing, ETH/USD stabilizes above the $2,560 critical resistance, coinciding with the 100-period simple moving average.
Article ⇒ Litecoin Bulls Defend Key Fibonacci Level Amid Price Drop
FxNews—Litecoin was not an exception to the cryptocurrency gain on Wednesday. After the price surged to the November 2 high and tested this point at $71.3 as resistance, the bears added pressure, which resulted in the LTCUSD price dip and test of the 38.2% Fibonacci support level. The bullish fair value gap area further supported the 38.2% Fibonacci.
FxNews—Litecoin was not an exception to the cryptocurrency gain on Wednesday. After the price surged to the November 2 high and tested this point at $71.3 as resistance, the bears added pressure, which resulted in the LTCUSD price dip and test of the 38.2% Fibonacci support level. The bullish fair value gap area further supported the 38.2% Fibonacci.
Article ⇒ Ripple Tests Key Resistance After %3.7 Gain
FxNews—Ripple gained 3.7% in today’s trading session, trading at approximately $0.533, testing the upper line of the bearish flag and the 50-period simple moving average.
https://www.earnforex.com/forum/javascript:void(0);FxNews—Ripple gained 3.7% in today’s trading session, trading at approximately $0.533, testing the upper line of the bearish flag and the 50-period simple moving average.
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NATGAS Momentum Builds Toward $2.84
NATGAS tested the $2.55 resistance and bullish fair value gap in today's trading session. Consequently, the uptick momentum resumed above the resistance while the technical indicators signaled a weakening bear market.
From a technical perspective, the next bullish target could be the $2.84 mark if the immediate resistance at $2.55 holds.
From a technical perspective, the next bullish target could be the $2.84 mark if the immediate resistance at $2.55 holds.
Good read:
Buy Solana Smartly - Wait for Price Consolidation
Are you considering entering the Solana bull market? Wait for a smart, low-risk buying opportunity when prices consolidate near the $223 support, backed by bullish signs.
Article https://fxnews.me/buy-solana-smartly-wait-for-price-consolidation/
Good read:
Are you considering entering the Solana bull market? Wait for a smart, low-risk buying opportunity when prices consolidate near the $223 support, backed by bullish signs.
Article https://fxnews.me/buy-solana-smartly-wait-for-price-consolidation/
Good read:
EURUSD Plummets Amid Ukraine-Russia Tensions and Eurozone Woes
The EUR/USD currency pair resumed its downtrend amid escalating tension between Ukraine and Russia and increasing concerns in the Eurozone. The outlook of the trend remains bearish below $1.06, with the next target at $1.045.
https://fxnews.me/eurusd-plummets-amid-ukraine-russia-tensions-and-eurozone-woes/
The EUR/USD currency pair resumed its downtrend amid escalating tension between Ukraine and Russia and increasing concerns in the Eurozone. The outlook of the trend remains bearish below $1.06, with the next target at $1.045.
https://fxnews.me/eurusd-plummets-amid-ukraine-russia-tensions-and-eurozone-woes/
GBPUSD Stays Below Key Fibonacci as Ukraine Uses UK Missiles
GBPUSD remains bearish below the 50-period SMA at $1.27, targeting $1.245. Downtrend invalidated if GBPUSD exceeds 50-period SMA, backed by 23.6% Fibonacci.
https://fxnews.me/gbpusd-below-key-fibonacci-as-ukraine-uses-uk-missiles/
GBPUSD remains bearish below the 50-period SMA at $1.27, targeting $1.245. Downtrend invalidated if GBPUSD exceeds 50-period SMA, backed by 23.6% Fibonacci.
https://fxnews.me/gbpusd-below-key-fibonacci-as-ukraine-uses-uk-missiles/
AUDUSD Holds Below Key Level as Traders Seek Safe Havens
Bearish outlook on AUD/USD holds under the 100-period SMA or $0.653. Potential dip towards the $0.644 level seen on November 14 if downward trend persists.
https://fxnews.me/audusd-holds-below-key-level-as-traders-seek-safe-havens/
Bearish outlook on AUD/USD holds under the 100-period SMA or $0.653. Potential dip towards the $0.644 level seen on November 14 if downward trend persists.
https://fxnews.me/audusd-holds-below-key-level-as-traders-seek-safe-havens/
NZDUSD Bear Market Prevails as market expects rate cuts by RBNZ
The NZD/USD downtrend resumed from $0.591, targeting the November low at $0.585 amid expectations of rate cuts from the RBNZ. The outlook of the market remains bearish below the 100-SMA.
https://fxnews.me/nzdusd-bear-market-prevails-as-rbnz-rate-cut-expectations/
The NZD/USD downtrend resumed from $0.591, targeting the November low at $0.585 amid expectations of rate cuts from the RBNZ. The outlook of the market remains bearish below the 100-SMA.
https://fxnews.me/nzdusd-bear-market-prevails-as-rbnz-rate-cut-expectations/
Bitcoin Surges Past $95K Despite Overbought Signals
The outlook of the Bitcoin uptrend remains bullish as long as the prices are above 95K, with the next bullish target being the $100,000 threshold.
Article
https://fxnews.me/bitcoin-surges-past-95k-despite-overbought-signals/
The outlook of the Bitcoin uptrend remains bullish as long as the prices are above 95K, with the next bullish target being the $100,000 threshold.
Article
https://fxnews.me/bitcoin-surges-past-95k-despite-overbought-signals/