Back in June 24, the EURUSD looked overbought around 1.1400 facing a confluence of supply levels. Thus, a bearish movement was initiated towards 1.1275 followed by a deeper bearish decline towards 1.1235 (the lower limit of the newly-established bullish channel)...
Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550 with a prominent key-level around 1.2650. In June , temporary bullish...
Industry news: As for private cryptocurrencies, given the risks associated with them and volatility in their prices, the Group has recommended banning of the cryptocurrencies in India and imposing fines and penalties for carrying on of any activities connected with...
Gold has been trading exactly like I expected on Friday. Our Friday’s downward target has been met in at $1.420. Since there is strong downward movement in the background and fake breakout of the 20-day high $1.440, I still see...
There’re prospects of developing a Wolfe Wave pattern in USD/CHF. As we can see on the 60M chart, the market is about to finish wave 5. The main target is the 0.618 retracement level of the previous upward price movement...
EUR has been trading sideways at the price of 1.1218. EUR didn’t have power to test or break the important low at 1.1204, which is sign of the strength. The Bollinger band % indicator is showing the bullish divergence in...
There’s a bullish opportunity in Bitcoin because of a three-wave price movement, which is supposed to be wave ((ii)). Previously, we saw a huge upward impulse in wave ((i)). That’s why we could expect another five-wave rally after the bearish...
To open long positions on GBP/USD, you need: Buyers of the pound failed to catch on to the important support level of 1.2472, which I drew attention to in my morning review, and the task for the second half of...
Gold is trading at $1400-40 area. Recently, the price has broken above $1440 with a daily close but failed to sustain momentum. Recent gains on gold were supported by IMF’s comments that the US dollar is overvalued, and US President...
Bitcoin has been quite volatile recently. It has been residing at the edge of $10,500 for a few hours. It is expected to continue to push higher as the price remains above $10,000 area with a daily close. Despite Bitcoin’s...
