FxNews Posted October 14 Author Share Posted October 14 Ethereum Rallies, Breaks $2,500 and Eyes $2,590 FxNews—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. Forecast 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 consolidate near the 100-period simple moving average at $2,500. The next bullish target will likely be $2,590 if the 100-SMA holds as resistance. Conversely, a break below the 100-SMA could result in the ETH/USD rate dropping to the $2,468 area. Link to comment Share on other sites More sharing options...
FxNews Posted October 14 Author Share Posted October 14 Read: Crude Oil Tests $73 Amid U.S. Efforts to Calm Israel FxNews—WTI crude oil prices dropped significantly, falling over 2.5% to $73.5 per barrel this Monday. This decline was largely due to growing worries about the economic health of China, a major player in global oil markets. Link to comment Share on other sites More sharing options...
FxNews Posted October 15 Author Share Posted October 15 Bitcoin Peaks at $66,700: Bearish Signal Ahead FxNews—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. Link to comment Share on other sites More sharing options...
FxNews Posted October 15 Author Share Posted October 15 Read Article: Bearish Gartley Pattern Emerges as Litecoin Hits $67 FxNews—Litecoin‘s pullback from $62.8 (E) extended to the October 10 high at $67.5, a ceiling that neighbors the BC wave’s 61.8% Fibonacci retracement. As of this writing, the LTC/USD pair experienced a minor return from the $67.5 critical resistance, trading at approximately $66.5. Link to comment Share on other sites More sharing options...
FxNews Posted October 15 Author Share Posted October 15 Cardano Bulls Eye $0.366 Breakout to Resume Uptrend FxNews—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. Read the full article: Cardano Faces $0.366 Hurdle Amid Strong Bearish Signals That said, the Awesome Oscillator and Stochastic show signs of a bearish market. Hence, Cardano might consolidate before the bullish wave from $0.331 targets $0.382. Please note, the bullish outlook should be invalidated if ADA/USD falls below the $0.349 immediate support. Link to comment Share on other sites More sharing options...
FxNews Posted October 15 Author Share Posted October 15 Read The Full Article: Oil Prices Dip as Israel Heeds US Advice on Iran Strikes FxNews—WTI crude oil futures dropped 5% to around $70 per barrel on Tuesday following reports that Israel might not target Iran’s oil facilities. This development has eased concerns about significant supply interruptions in the area. Link to comment Share on other sites More sharing options...
FxNews Posted October 16 Author Share Posted October 16 USD/CAD Consolidation Sparks Speculation of Bearish Momentum FxNews—The USD/CAD currency pair pulled back from 1.384 as expected since RSI 14, and the Stochastic Oscillator signaled overbought. Meanwhile, the Awesome Oscillator histogram is red and heading toward the signal line from above, meaning the bearish momentum from 1.384 could resume. From a technical perspective, the USD/CAD currency pair is still overbought. Therefore, we advise traders to exercise patience and wait for the price to consolidate near the lower support levels. In this scenario, a break below the immediate resistance (1.377) could signal a potential downtick momentum, targeting the 23.6% Fibonacci retracement level at 1.374. Link to comment Share on other sites More sharing options...
FxNews Posted October 16 Author Share Posted October 16 ETH Bull Run: Eyes on $2,720 After Fibonacci Bounce FxNews—The Ethereum price tested and bounced from $2,550 and resumed the uptrend, trading bullish above the 61.8% Fibonacci retracement level. The recent dip was anticipated because the Stochastic and RSI 14 were in overbought territory, and the 4-hour chart formed bearish candlestick patterns. The Awesome Oscillator's recent bar turned green, indicating the current bullish wave should resume. In this scenario, the next bullish target will likely be $2,720. Please note that the bullish outlook will be invalidated if the price dips below the $2,550 support. Link to comment Share on other sites More sharing options...
FxNews Posted October 17 Author Share Posted October 17 Litecoin Dips Below $71 Amid Market Warnings FxNews—Litecoin dipped below the $71.0 critical resistance amid the Awesome Oscillator histogram declining toward the signal line. The market is in an overbought state as RSI 14 is approaching the 70 level. FxNews analysts advise that retail traders and investors wait patiently for the price to consolidate near the 50% Fibonacci retracement level at $67.5, a supply zone offering a decent opportunity to join the bull market. The bullish outlook would be invalidated if Litecoin bears push the price below the $67.5 support. Link to comment Share on other sites More sharing options...
FxNews Posted October 17 Author Share Posted October 17 Article ⇒ USDHKD Surges as John Lee Policies Boost Key Sectors FxNews—Hong Kong’s stock market experienced a significant uplift, rising 227 points, or 1.1%, to 20,509 on Thursday morning. This increase marks a notable recovery after a period of decline over the past three sessions. The positive momentum from Wall Street, particularly within the technology sector, contributed to this rise. Decreasing U.S. Treasury yields and ongoing corporate earnings reports also played a crucial role. Link to comment Share on other sites More sharing options...
FxNews Posted October 17 Author Share Posted October 17 Crude Oil Consolidates After The Sharp Drop Fxnews—Crude Oil began a consolidation phase in a narrow range area between $69.7 support and $71.8 resistance. A new bearish wave will likely be formed if the price falls below $69.7. In this scenario, the next bearish target could be the October 1 low at $67.5. Please note that the trend outlook remains bearish as long as the price is below the $73.3 critical resistance. Link to comment Share on other sites More sharing options...
FxNews Posted October 18 Author Share Posted October 18 Article ⇒ Safe Haven Silver Surges After Sinwar’s Elimination FxNews—Silver prices surged past $32 per ounce, nearing a high not seen in two weeks. This increase aligns with gold’s gains, driven by the upcoming US election uncertainties and growing tensions in the Middle East, which have boosted the attraction of Silver and gold as safer investments. Link to comment Share on other sites More sharing options...
FxNews Posted October 18 Author Share Posted October 18 GBP/USD Consolidates Amid U.K.'s Retail Sales Surge FxNews—The U.K.'s retail sales unexpectedly rose 0.3%, which eased the GBP/USD's downtrend around the 1.30 resistance. As of this writing, the currency pair tests the 50-period simple moving average in conjunction with the descending trendline. Forecast From a technical perspective, the primary trend remains bearish as long as the pair trades below the critical resistance of 1.325, backed by the 100-SMA. If bulls pull the price above the 50-SMA, a new consolidation phase could emerge, targeting the $1.314 resistance level, which offers a decent bid to join the bear market. Conversely, a failure to surpass the 50-SMA will likely result in a new bearish wave that could push the price down to the next resistance level, 1.295. Link to comment Share on other sites More sharing options...
FxNews Posted October 18 Author Share Posted October 18 (edited) Crude Oil Dips Below $69.7, Eyes Next Target at $67.5 FxNews—Crude Oil bears broke the $69.7 critical resistance in the current trading session. This development in the price chart will likely result in the Oil price dipping further. In this scenario, the next bearish target will likely be the $67.5 resistance level. Please note that the immediate resistance rests at $71.8, which is backed by the 100-period simple moving average. The bearish outlook should be invalidated if the price exceeds the $71.8 mark. Also, read NATGAS Downtrend Resumed as Winter Forecast Dims USDSEK Bulls Prevail as Unemployment in Sweden Rises Edited October 18 by FxNews Link to comment Share on other sites More sharing options...
FxNews Posted October 20 Author Share Posted October 20 Article ⇒ Harmonic Patterns: Key Signal for Market Reversals FxNews—To forecast the Forex market efficiently, traders must familiarize themselves with the Harmonic Patterns, a strategy based on the specific geometric structure of price action and Fibonacci numbers. The reason for utilizing harmonic patterns in technical analysis is to spot possible reversal points in the market. Link to comment Share on other sites More sharing options...
FxNews Posted October 21 Author Share Posted October 21 BTC Tests Bollinger Median Amid MACD Divergence FxNews—Bitcoin's price pulled back from $69,500, testing the median line of the Bollinger Bands. The MACD indicator signals divergence, meaning the current consolidation phase could extend to the lower support levels, starting with filling the FVG (Fair Value Gap) at $67,500 and followed by $66,680. These two support levels are backed by the Ichimoku Cloud, making them decent zones for betting on the bullish trend. Retail traders and investors should monitor the support mentioned above levels for bullish signals, such as hammer or bullish engulfing candlestick patterns. Please note that it is not advisable to join a bull market while it is saturated. It carries a greater risk than buying a trading security at a dip. Also read: GBP/USD Bears Target Fair Value Gap as FTSE 100 Rises EUR/USD Bear Market Prevails in Respond to ECB Rate Cut Link to comment Share on other sites More sharing options...
FxNews Posted October 21 Author Share Posted October 21 Ethereum Tests Key Fibonacci Level at $2,665 FxNews—The 4-hour Ethereum chart formed a Bat harmonic pattern, backed by MACD's divergence signal, which resulted in the price dipping from $2,770. As of this writing, ETH/USD is testing the 23.6% Fibonacci retracement level at $2,665. From a technical perspective, the consolidation phase will likely extend to the 38.2% Fibonacci level at $2,600 if ETH/USD stabilizes below the 23.6% level. Notably, the Ichimoku Cloud supports the 38.2% Fibonacci level, a significant supply zone for entering the bull market. Therefore, traders should closely monitor the $2,600 mark for bullish candlestick patterns. Useful reads: USDJPY Nears 150.7 as BoJ Eyes Yen Stability NZDUSD Poised to Break $0.604 Amid NZX50 Gains Link to comment Share on other sites More sharing options...
FxNews Posted October 22 Author Share Posted October 22 Oversold Litecoin Prepares for Bearish Wave or Rebound FxNews—Litecoin stabilized the price below the critical $71 support, backed by the 5-period simple moving averages. However, the robust selling pressure from $76.0 drove the Stochastic Oscillator into oversold territory, meaning the U.S. Dollar is overpriced. Hence, the Litecoin price is expected to consolidate around the 50-period SMA before the downtrend resumes. The consolidation ranges from the $69.7 immediate support to the %38.2 Fibonacci retracement level at $71.9 critical resistance. Please note that a new bearish wave will likely be started if bears break today's low, the $69.7 support below. In this scenario, the next bearish target could be the October 7 high, the $67.5 support. P.S. The bearish outlook should be invalidated if LTC/USD exceeds the %38.2 Fibonacci retracement level at $71.9. Good read: Gold Surge as PBoC & ECB Rate Cuts Fuel Bullish Sentiment NATGAS at Key Resistance as Cold Weather Looms https://fxnews.me/crude-oil-falls-to-70-following-market-sentiment/ Link to comment Share on other sites More sharing options...
FxNews Posted October 22 Author Share Posted October 22 Ripple's Fall Below $0.54 Signals More Drops FxNews—The Ripple (XRP) bulls failed to surpass the $0.56 resistance. Consequently, the price dipped below the $0.54 immediate support. As a result, the downtrend resumed, with the critical resistance remaining valid at the October 17 high. The technical indicators suggest the downtrend should resume. In this scenario, the XRP/USD price will likely revisit the October 3 low at $0.507. The bearish outlook should be invalidated if XRP exceeds $0.5600. Good for trading Comprehensive Moving Average Indicator: Guide – Signals Basic Candlestick Patterns Indicator: Features – Signals Link to comment Share on other sites More sharing options...
FxNews Posted October 23 Author Share Posted October 23 Will Solana Bounce Back Above $171.7? Key Levels to Watch FxNews—Solana consolidates below the $171.7 high as expected because the Stochastic and RSI 14 signaled overbought at the time. As of this writing, SOL/USD trades at approximately $165.6, testing the median line of the Bollinger Bands. The primary trend should be considered bullish because the price is above the 50- and 100-period simple moving averages. However, the Awesome Oscillator histogram is red, signaling that the downtick momentum from $171.7 could extend to the lower support levels. Forecast From a technical perspective, the trend outlook remains bullish as long as Solana trades above $161.5. However, for the uptrend to resume, the Bulls must close and stabilize the price above $171.7. Conversely, a dip below the $161.5 should invalidate the bullish outlook. In this scenario, a new bearish wave will likely form, and the target could be the 100-period SMA at $152.0. Good Read Gasoline Prices Steady Amid Global Oil Turmoil Pregnant Crypto Queen Accused of £17M Fraud Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now