Bitcoin could rebound, but I’m not optimistic at all After almost 2 months of consolidation, Bitcoin dropped hard last week breaking under the channel’s trend line support.In my opinion, this break is very important and signals a top of around …
XauUsd could correct to the upside In my Friday comment, I said that XauUsd is contained in a descending channel and the first notable support is the confluence support from the 1850 zone.However, looking at a shorter time frame we …
UsdChf- Bullish in short term, bearish in medium term. What to do? UsdChf is in a bearish trend for quite some time and recently broke under very important 0.88 zone support.After reaching a low at 0.8550. Here the pair found …
As the financial markets gear up for an eventful week, there is one precious metal that’s poised to take center stage: Gold. With the macroeconomic landscape painting a less-than-rosy picture for the US Dollar and several crucial factors on the …
AudUsd is trading in support After the double bottom in the important support area at 0.66, AudUsd has risen strongly and reached 0.69 resistance given by the previous high.At this moment the pair is rolling back down in a normal …
0.3 Intact is a must for bulls (#Ada analysis) After the break above the falling wedge at the beginning of the year and the spike above 0.4 resistance in April, AdaUsd fell under 0.3 support and May and made a …
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GbpUsd- Bulls held their ground In my yesterday’s GbpUsd comment, I said that 1.24 is very important at this moment and a break of this level could lead to further losses, even to 1.2.The market took a short dive under …
EurUsd could drop to 1.05 On Friday’s EurUsd market commentary, I’ve written that the 1.0750-1.0760 zone is strong resistance for the pair and a break above could lead to gains towards 1.0850 and to a change of medium-term downtrend.The pair, …
US Economic Indicators: We know about trends and trend changes, but why a trend changes?The tops and bottoms of the market are determined by the fundamentals, like news releases, while the technicals show us how we get between those two …