Most of the market sentiment is same. Sterling still has strong support at 1.2330 and the bearish breakout of which can trigger a sell-off until 1.2275. While the continuation of a bullish trend and breakout of 1.2370 resistance can lead GBP/USD towards 1.2400 and 1.2424.
The single currency Euro is likely to trade with bearish sentiment below 1.1060, the double top pattern. On the lower side, support prevails at 1.1025. Since the bullish sentiment is a bit stronger, pair may hit 1.1088 in case of bullish breakout at 1.1060 level today.
Sterling has a strong support at 1.2330 and the bearish breakout of which can trigger a sell-off until 1.2275. While the continuation of a bullish trend can lead GBP/USD towards 1.2400 and 1.2424.
A day before, the EUR/USD completed bearish retracement at 1.1030 level and bounced off to trade at 1.1050 trading level. For now, the EUR/USD faces the initial resistance at the 1.1074/84 bands, the double top level completes, and this time it will become the triple top. I will be looking to stay bullish above 1.1035 level to target 1.1060 and 1.1100 in case...
The BTC/USD is holding in below strong support become resistance level of 10,450 level, and on the lower side, the immediate support is prevailing at 10,050. The leading cryptocurrency is likely to continue trading within this range. However, the bearish breakout can trigger sell-off until 9,890, and bullish breakout may lead it towards 10,789.
The EUR/USD has completed bearish retracement at 1.1030 and even soared higher to 1.1038. Now, the oversold currency pair is likely to face profit takings. EUR/USD faces the initial hurdle at the 1.1074/84 bands, where align last week’s top and the 21-day SMA. A rebound beyond this area should open the door for a test of key resistance line, today at 1.1132....
Bitcoin could drop below the 20MA at $10,167. This could lead to a pullback to $9,469-$9,350, which would be a full retrace of last week’s action.
SD – Daily Forecast The BTC/USD violated the resistance level of 10,450, and it was expected to reach below the next target level of 10,850. The target level is already met, and now BTC/USD can experience slight correction until 10,447 and 10,244. While the resistance remains the same around 10,850.
The Cable has surged dramatically amid a weaker dollar to violate the double top resistance area of 1.2304 area. The leading technical indicators such as RSI and Stochastic are stuck in the overbought zone, suggesting bulls may get exhausted soon. Therefore, we may experience selling in the GBP/USD until 1.2260 and 1.2210. Let's keep an eye on 1.2300 to stay...
The major currency pair EUR/USD has completed bullish retracement until 61.8% Fibonacci level at 1.1060. The pair has closed a reversal pattern with a long wick on the upper side, which is suggesting a bearish bias among traders. The pair may drop until 1.1015 before keeping up with a bullish reversal.
GBP/USD is challenging the 1.2243 level as the market is trading above its main SMAs. If buyers overcome 1.2243, the market is set to move up towards 1.2274 and 1.2314 resistance levels, according to the Technical Confluences Indicator. The GBP/USD pair is hanging just above the 1.2220 level, and the 4 hours chart shows a Doji pattern followed by a bullish...
The EUR/USD has completed bullish rally until 1.1020 and even soared higher to 1.1038. Now, the overbought currency pair is likely to face profit takings. We may see a slight retracement in EUR/USD until 23.6% retracement at 1.1011 and 38.2% retracement at 1.0995 before having further bullish waves. A bullish breakout of 1.1038 can lead pair towards 1.1065.
Recalling the previous forecast, the BTC/USD violated the resistance level of 10,450 and it was expected to reach below the next target level of 10,850. The target level is already met and now BTC/USD can experience slight correction until 10,447 and 10,244. While the resistance remains the same around 10,850.
The GBP/USD pair plunged to 1.1957 its lowest since October 2016, solely to reach about 150 pips and settle in the 1.2080 price region. The Sterling is all about the armed fight between UK PM Johnson and the Parliament these days. The GBP/USD pair is hanging just above the 1.2100 level, and the 4 hours chart shows that the recovery stalled below all of its...
The EUR/USD has reversed as investors seem to do profit-taking ahead of big news today. The EUR/USD is now likely to face resistance at 1.0982 and the violation of this level can extend bullish rally until 1.1020. On the lower side, the immediate support prevails around 1.0965 and 1.0935.
BTC/USD violated the resistance level of 10,450 to reach below the next target level of 10,850. For the moment, the BTCUSD is trading at 10550 and is likely to gain support around 10440. Above this, BTCUSD is likely to trade bullish until 10850 and below 10440, the BTC can slip further until 10285.
On the trade front, the AUD/USD is facing solid support around 0.6700. Aussie has been forming long Doji candles over this level, suggesting chances of a bullish reversal. Immediate resistance stays at 0.6750 and 0.6785. While the EMA is signaling a bearish bias. I will be staying bullish above 0.6710 and bearish below 0.6755 today.