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FxNews—Forex Technical Analysis in Experienced Traders Yesterday 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 Crypto Yesterday 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 Experienced Traders Oct 14 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 Crypto Oct 14 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 Experienced Traders Oct 11 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 Experienced Traders Oct 09 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 Crypto Oct 09 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 Experienced Traders Oct 09 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, with its ...

FxNews—Forex Technical Analysis in Experienced Traders Oct 08 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 Experienced Traders Oct 08 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 Experienced Traders Oct 07 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 Experienced Traders Oct 07 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 Crypto Oct 07 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.

FxNews—Forex Technical Analysis in Experienced Traders Oct 04 at 13:12

What Ethereum's Current Retracement Means for TradersFxNews—Ethereum's price is experiencing a pullback from $2,310, having shifted above the 61.8% Fibonacci level, creating a bearish long-wick candlestick pattern. Meanwhile, the Awesome Oscillator and RSI (14) signal that the bear market is weakening.The pivot is at $2,435, as shown in green in the 4-hour chart above. This active resistance was identified using the Fibonacci cluster method with the 50% and 61.8% retracement levels. Therefore, the ETH/USD primary trend remains bearish as long as the price stays below $2,435.Looki...

FxNews—Forex Technical Analysis in Experienced Traders Oct 03 at 10:24

Watch EUR/USD's Critical $1.10 Support LevelFxNews—The EUR/USD pair's trend turned bearish when sellers pushed the price below the $1.109 critical support level. Subsequently, the strong sell-off drove the Stochastic oscillator into the oversold territory, with the indicator depicting a value of 6.ForecastThe market is saturated with selling pressure. Despite this, the EUR/USD price has the potential to dip toward $1.10, followed by the $1.095 support.Due to the Stochastic oversold signal, traders and investors should wait for EUR/USD to consolidate near the 100-period simple mov...

FxNews—Forex Technical Analysis in Experienced Traders Oct 02 at 10:02

EUR/JPY Eyes 160 Resistance Amid Double-BottomFxNews—The EUR/JPY currency pair is stabilizing its price below the 50-period simple moving average at about 159, forming a double-bottom pattern. Meanwhile, the Awesome oscillator histogram changed its color to green, signaling the bull market gains momentum. Forecast The immediate resistance is at 160.0. If the EUR/JPY bulls close above the immediate resistance, the current uptick momentum can potentially target the 163.0 mark. Bearish Scenario Conversely, if the sellers push the price below the 100-period SMA, the downtrend will likely be ...

FxNews—Bitcoin Technical Analysis in Crypto Oct 02 at 07:42

Bitcoin Poised for Consolidation After Sell-OffFxNews—Bitcoin's downtrend extended near the $59,500 supply zone after the sellers pushed the price below the 100-period simple moving average. The robust selling pressure moved the RSI 14 and Stochastic oscillator into the oversold territory, showing 31 and 17 in the description, respectively. ForecastBitcoin's primary trend should be bearish because the price is below the 50- and 100-period simple moving averages. However, we anticipate the BTCUSD price to step into a consolidation phase, ranging between $61,190 and $62,770 for the...

FxNews—Forex Technical Analysis in Experienced Traders Oct 02 at 06:57

EUR/USD Traders Watch $1.109 for Key SignalsFxNews—The EUR/USD downtrend extended below the $1.109 active resistance. Meanwhile, the Stochastic oscillator stepped into the oversold territory, signaling the trend could reverse or consolidate from the point. Additionally, the Awesome oscillator signals divergence, backing the Stochastic's signal. ForecastJoining an oversold market is not advisable. Hence, traders and investors should monitor the EUR/USD price action near the $1.109 critical resistance for bearish signals, such as bearish engulfing candlestick patterns. The EUR/USD down...

EURUSD	1.08763	GBPUSD	1.30031	AUDUSD	0.66649
USDJPY	149.728	USDCAD	1.37704	USDCHF	0.86411

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