FxNews Posted October 23 Author Share Posted October 23 Bearish Outlook for AUD/USD with Key Levels in Focus FxNews—AUD/USD formed a bearish Fair Value Gap (FVG) after the price broke below the $0.665 support level, signaling a potential continuation of the downtrend. Momentum indicators are not yet in oversold territory, suggesting the price still has room for further decline. Given the formation of the FVG, the Australian dollar may temporarily recover some of its losses near the upper band of the bearish flag before the downtrend resumes. Furthermore, the next bearish target could be the $0.656 support, provided the critical resistance at $0.669 holds. However, this bearish outlook would be invalidated if AUD/USD breaks above the critical resistance level. Good read: EURUSD Targets $1.072 Amid ECB Rate Cuts Cleaner Energy Boosts Silver Demand to Record Highs Link to comment Share on other sites More sharing options...
FxNews Posted October 24 Author Share Posted October 24 Ethereum Eyes $2,590: Can Bulls Hold $2,505 Support? FxNews—Ethereum price rebounded from $2,450, the September 14 high. However, the uptick momentum eased when the price hit the 100-period SMA as resistance. The technical indicators show signs of a bullish trend, with both the Stochastic and RSI 14 rising from the oversold territory. Meanwhile, the Awesome Oscillator histogram has turned green, which is interpreted as a sign that the bull market is strengthening. Immediate support is at $2,505. The current uptick momentum has the potential to fill the Fair Value Gap at $2,590, provided the bulls maintain their position above the immediate support. Conversely, the bullish outlook will be invalidated if ETH/USD dips below the $2,505 mark. In this scenario, Ethereum will likely revisit $2,459, and if the selling pressure increases, the downtrend could extend to the October 10 low at $2,330. Good read: Silver Reacts to FVG at $34.3 as Fed Rejects Rate Cuts Gold Surges Above $2730 – Driven by Safe-Haven Demand Natural Gas Output Could Drop in 2024 Due to Less Drilling Link to comment Share on other sites More sharing options...
FxNews Posted October 24 Author Share Posted October 24 Litecoin Eyes $71.5 as Bullish Trend Gains Strength FxNews—Litecoin recently rebounded from the $67.5 resistance level, supported by the 100-period Simple Moving Average (SMA). As of this update, LTC is trading near $70.4, testing the 38.2% Fibonacci retracement level. The trend remains bullish as LTC/USD exceeds the 100-period SMA. Additionally, the Awesome Oscillator's green histogram is rising toward the signal line, further supporting this outlook. Technically, the uptrend is expected to continue, with the next bullish target set at $71.5. This target aligns with the 50% Fibonacci retracement level and a Fair Value Gap (FVG) area. Immediate support is seen at $69.7. However, if LTC/USD drops below this level, the bullish outlook could be invalidated. Good reads: Middle East Tensions Push Oil Above $72 as US Stocks Jump Link to comment Share on other sites More sharing options...
FxNews Posted October 26 Author Share Posted October 26 Bitcoin Eyes $68,750: Bullish Momentum Grows FxNews—Bitcoin is trading around $66,800, holding above the 100-period simple moving average (SMA) and the critical support level of $65,200. Technical indicators suggest a mildly bearish trend, with both the Stochastic and RSI 14 declining. However, the Awesome Oscillator’s histogram has turned green, indicating bullish momentum is gaining strength. In addition to the signal from the Awesome Oscillator, the 4-hour chart shows a long-wick bullish candlestick pattern. Technically, if Bitcoin stays above the 100-period SMA, the bullish move may target $68,750, followed by the $69,580 resistance level. However, this bullish outlook becomes invalid if the price drops below $65,200. Good read: Litecoin Retreats from $71.5 Fair Value Gap Ethereum Bearish Outlook – Watching $2450 Support Bitcoin Eyes $75K – Key Support and Resistance Link to comment Share on other sites More sharing options...
FxNews Posted October 27 Author Share Posted October 27 Cardano Price Stabilizes: Potential Reversal Ahead? FxNews—Cardano's price stabilized after reaching the September 9 low of $0.311, influenced by the Stochastic Oscillator signaling oversold conditions. Currently, the ADA/USD pair is consolidating around $0.333, just below the October 17 low of $0.338. The 4-hour chart showcases a Butterfly harmonic pattern, suggesting a possible trend reversal or consolidation near upper resistance levels. Market momentum remains active, as indicated by an ADX reading of 19 and a rising green Awesome Oscillator. Despite these signs, the primary trend is still bearish, with prices below both the 50- and 100-period simple moving averages, hinting that any upward movement might be limited to the resistance zones. Cardano Price Forecast The immediate resistance rests at $0.338 (October 17 low), backed by the Bollinger Bands' median line. From a technical perspective, the upward momentum from $0.311 could target the 50-period SMA, supported by the descending trendline at $0.347, if ADA/USD holds above the $0.323 immediate support. Please note that the bullish outlook should be invalidated if bears push Cardano's price below $0.323. If this scenario unfolds, the downtrend will likely resume, with sellers initially aiming for $0.3115, the October 26 low. Furthermore, if the selling pressure exceeds $0.3115, the bears' path to $0.275—2024 all-time low—will likely be established. Good reads XRP Activity Rises as it Rebounds From a 3-Month Low Litecoin Retreats from $71.5 Fair Value Gap Ethereum Bearish Outlook – Watching $2450 Support Link to comment Share on other sites More sharing options...
FxNews Posted October 28 Author Share Posted October 28 Solana Faces Resistance: Will the Bullish Trend Hold? FxNews—Solana remains bullish but faced resistance near the October 25 peak at $179.0. Currently, the SOL/USD cryptocurrency pair is slightly declining, heading toward $172.0, which aligns with the October 21 high. The 4-hour chart below highlights key price levels, support, resistance areas, and technical indicators used in today's analysis. Solana Technical Analysis Strong buying pressure pushed the Stochastic Oscillator into the overbought zone, indicating that Solana may be overpriced in the short term. Additionally, the Awesome Oscillator shows divergence, suggesting the possibility of a decline towards lower support levels. The MACD histogram also confirms this divergence, reinforcing the signal from the AO. Moreover, the ADX indicator remains above 20, showing the market has momentum. Overall, while the primary trend is bullish, Solana's price may dip to test lower support levels. Solana Price Forecast Our previous analysis ("Solana Eyes $194 Despite Overbought Signals") mentioned that immediate support lies at the October 21 high of $172.0, which remains valid. From a technical standpoint, consolidation around $179 may extend to the 50-period simple moving average at $168.7. If selling pressure pushes the price below $168.7, the next target could be the October 15 high at $158.0. Solana Bullish Scenario The immediate resistance level is at the October 25 high of $179.0. If buyers push the price beyond this point, the bullish wave from last week could extend toward the July 29 high at $194. Solana Support and Resistance Levels Traders and investors should monitor the key levels below to make informed decisions and adjust their strategies as market conditions evolve. Support: 172.0 / 168.7 / 162.0 Resistance: 179.0 / 194.0 Good read: Litecoin Retreats from $71.5 Fair Value Gap XRP Activity Rises as it Rebounds From a 3-Month Low Cardano Alerts – Possible Trend Reversal From 0.311 Link to comment Share on other sites More sharing options...
FxNews Posted October 28 Author Share Posted October 28 EUR/USD Set to Drop as Bearish Pattern Forms FxNews—The EUR/USD currency pair formed a bearish engulfing pattern close to the 50-period simple moving average. Meanwhile, the immediate support rests at $1.078. From a technical perspective, the downtrend will likely resume, with the next target at $1.072 if bears stabilize the price below the immediate support. Furthermore, the bearish outlook should be invalidated if the EUR/USD price exceeds the critical resistance level of $1.088. Good reads: EURUSD Nears Critical 1.078 Support as EU Stocks Rise NATGAS Falls to $2.4 Amid Warm Weather Forecast Oil Bulls Eye Gap Fill as Israel Softens Iran Stance Link to comment Share on other sites More sharing options...
FxNews Posted October 28 Author Share Posted October 28 AUD/USD Falls on U.S. Yield Surge and Trump Speculation FxNews—AUD/USD is trading bearishly below the 100-period moving average. The downtrend was triggered today by a rise in U.S. Treasury yields amid speculation that former President Donald Trump might run for a second term. Furthermore, the Reserve Bank of Australia (RBA) is expected to maintain interest rates to reduce inflation to its target range of 2% to 3%. Good read: AUDUSD Robust Downtrend Resumes as RBA Holds Rates GBPUSD Poised to Break $1.30 as Airline Stocks Rise Link to comment Share on other sites More sharing options...
FxNews Posted October 29 Author Share Posted October 29 GBP/JPY Signals Strength Above Key Support Levels GBP/JPY bounced from the 198.3 Fair Value Gap area, which is a strong bullish signal, considering the primary trend is bullish with the price being above the 50- and 100-period simple moving averages. The momentum indicators are not overbought, and the Awesome Oscillator histogram turned green, suggesting the uptrend should resume. Critical support that divided the bull market from the bear market stands at 196.6, backed by the 50-period simple moving average. As long as the price holds above the 196.6 mark, the outlook for the GBP/JPY currency pair remains bullish. In this scenario, the next target will likely be the 201.0 mark. Good reads: NZDUSD Nears Key Fibonacci Level as NZDX50 Stabilizes USDJPY Climbs from 151 as BoJ Prepares Additional Support Crude Oil Calms Amid Israel Ceasefire Talks in Gaza Link to comment Share on other sites More sharing options...
FxNews Posted October 29 Author Share Posted October 29 Cardano Eyes $0.347 Break as Bulls Take Charge FxNews—Cardano is testing the 100-SMA at $0.347 amid the Stochastic signaling overbought. On the other hand, the Awesome Oscillator indicates that the bull market should prevail, with a green histogram above the signal line. From a technical perspective, the bullish wave should resume after a minor consolidation below the $0.347 immediate resistance. In this scenario, the next bullish target could be the $0.358 resistance area (FVG) if bulls stabilize the price above the immediate resistance. Please note that the bullish scenario should be invalidated if ADA/USD falls below the $0.338 immediate support. If this scenario unfolds, a new bearish wave will likely be triggered, targeting $0.33 followed by $0.323. Good read: Dogecoin Surges 14% in Just 24 Hours USD/CHF Poised to Break 0.87 as U.S. News Boosts Prospects GBP/JPY Surges Above 198.3 Amid UK Economic Concerns Link to comment Share on other sites More sharing options...
FxNews Posted October 30 Author Share Posted October 30 Article ⇒ Ethereum Eyes $2770 as Bulls Ignore Overbought Warnings FxNews—Ethereum trades in a bull market above the 50- and 100-period simple moving averages. As of this writing, ETH/USD trades at approximately $2,690, poised to break the October 15 high. Link to comment Share on other sites More sharing options...
FxNews Posted October 30 Author Share Posted October 30 EURUSD Faces Strong Resistance at 1.087 FxNews—The EUR/USD currency pair tested the 100-period simple moving average at approximately 1.087 in today's trading session. This level was backed by Fair Value Gap, making it a robust barrier that can halt the bullish momentum. Consequently, the price bounced from the 100-period SMA. From a technical standpoint, immediate resistance is at $1.087. If bears maintain a position below that mark, the downtrend will likely revisit $1.076. Conversely, a cross above the 100-SMA invalidates the bearish outlook. Editor's pick: Bitcoin Hits 2024 High as Momentum Hints at Overbought Litecoin Pullback to $74 Sparks Bullish Opportunities Ripple Reserves Climb as Bulls Struggle with $0.535 Link to comment Share on other sites More sharing options...
FxNews Posted October 30 Author Share Posted October 30 GBP/USD Tests Key Resistance: Will It Break or Retreat? FxNews—The GBP/USD currency pair broke above the descending trendline, testing the 100-period simple moving average as resistance. Currently, the market is uncertain. The 4-hour chart formed a long wick bullish and bearish candlestick pattern one after another. Therefore, the next wave depends on whether the price exceeds the primary resistance at $1.304 or falls below the immediate support at $1.293. On the bullish side, if GBP/USD closes above 1.304, which is backed by the 100-SMA, the consolidation phase has the potential to extend to the next resistance area at 1.311, followed by 1.315. Conversely, the bearish trend will likely be triggered if bears push the price below the $1.293 support. If this scenario unfolds, the next target could be the $1.287 mark. Good reads: Is Solana’s Drop to $172 a Buying Opportunity? Cardano Holds $0.347 Support Potential for Uptrend Ahead Link to comment Share on other sites More sharing options...
FxNews Posted October 31 Author Share Posted October 31 EUR/USD Tests Key Resistance Trading at 1.087 FxNews—The EUR/USD price trades at approximately 1.087, testing the October high as resistance, backed by the 100-period simple moving average. Concurrently, the Stochastic Oscillator is overpriced, indicating that the Euro is overpriced in the short term. That being said, the Awesome Oscillator recently turned red, suggesting that the bear market is gaining more momentum. Forecast From a technical perspective, the downtrend should resume if the immediate resistance at 1.087 holds. In this scenario, EUR/USD is likely to revisit the October low at 1.076. Please note that the bearish outlook should be invalidated if EUR/USD exceeds the 100-period SMA at 1.087. If this scenario unfolds, the rise from 1.076 could extend to 1.095. Editor's pick: Gold Stays Strong Above $2780 Amid US Election Worries Crude Oil Stability Shaken by Rising Middle East Tensions Silver Slips to $33 as China Unveils Stimulus Link to comment Share on other sites More sharing options...
FxNews Posted October 31 Author Share Posted October 31 (edited) NZD/USD Dips Below $0.596 Amid Strong Bearish Signals FxNews—The NZD/USD currency pair is in a robust bearish market, closing below the critical $0.596 resistance level today. Furthermore, the bearish breakout caused indicators to signal a sell. From a technical perspective, the immediate resistance to the current downtrend lies at $0.60, supported by the 50-period simple moving average. The NZD/USD trend outlook remains bearish as long as the price stays below $0.60. The next bearish target in this scenario will likely be the $0.591 support level. Please note that if NZD/USD exceeds $0.60, the bearish outlook will be invalidated. In this scenario, the price may potentially test the 100-SMA at $0.604. Good read: USD/MXN Set to Break 20.2 as Mexico’s Economy Grows GBP/JPY Eyes Upside as Japan’s Housing Data Disappoints GBP/USD Downtrend Resumes as FTSE Falls to 8000 Edited October 31 by FxNews Link to comment Share on other sites More sharing options...
FxNews Posted November 1 Author Share Posted November 1 Euro Faces Pressure: Key Indicators to Watch Now FxNews—The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening. From a technical perspective, the bullish outlook remains valid as long as the price holds above the 1.085 support level. In this scenario, the next target could be the 38.2% Fibonacci retracement level at 1.093. Please note that the bullish outlook should be considered invalid if the price dips below 1.084. Good read: US Natural Gas Prices Tests $2.18 Amid High Supply USDJPY Flipped Below 152 Amid BoJ Keeps Rate Unchanged USDCHF Poised for Bullish Wave at Key 0.866 Level Link to comment Share on other sites More sharing options...
FxNews Posted November 3 Author Share Posted November 3 Bitcoin Under $70000 with Oversold Signals – Time to Buy? FxNews—Bitcoin has broken below the 100-period simple moving average and the ascending trendline, currently trading around $68,320. Meanwhile, the Stochastic Oscillator signals an oversold condition, suggesting that BTC/USD has the potential to consolidate near the upper resistance level. This outlook is supported by the Fair Value Gap on the 4-hour chart. From a technical perspective, immediate resistance is at the 23.6% Fibonacci retracement level at $70,000. The BTC/USD pair’s outlook remains bearish if the price and the 50-period SMA stay below this level. The next bearish target in this scenario could be the 50% Fibonacci retracement level after a minor consolidation. Next read: Ethereum Hits $2400 Support – Will the Price Bounce Back? Link to comment Share on other sites More sharing options...
FxNews Posted November 3 Author Share Posted November 3 Cardano Bear Trend Deepens if Price Drops Below $0.334 FxNews—The immediate support is at $0.334, neighboring the 61.8% Fibonacci retracement level. The Cardano bearish trend would resume if bears (sellers) close and stabilize Solana's price below $0.334. In this scenario, the next bearish target could be the October 28 low at $0.33, followed by $0.327, the 78.6% Fibonacci retracement level. Please note that the bearish outlook should be invalidated if the price exceeds the 50-period simple moving average of approximately $0.345. Good read: Is Solana $159 Support Level About to Break? Litecoin Double Bottom Pattern Hints Reversal at $67 Link to comment Share on other sites More sharing options...
FxNews Posted November 4 Author Share Posted November 4 GBPUSD Bounces from 100-SMA as UK Inflation Nears 2.6% FxNews—The GBP/USD primary trend remains bearish as long as the price is below the 38.2% Fibonacci retracement level. If that level holds, the downtrend will likely resume. In this scenario, the GBP/USD pair could target 1.293, followed by 1.287. Good read: EURUSD Holds $1.09 Amid Slowing Eurozone Decline Link to comment Share on other sites More sharing options...
FxNews Posted November 4 Author Share Posted November 4 (edited) Bitcoin Drops Below Key Level: Is $66K the Next Target? FxNews—Bitcoin dipped below the 38.2% Fibonacci retracement level after the price tested the bearish Fair Value Gap in conjunction with the broken trendline. The Awesome Oscillator histogram turned red, hinting at the downtrend strengthening. From a technical perspective, the next bearish target should be the 50% Fibonacci level at $66,000. Please note that the bearish strategy should be invalidated if BTC/USD exceeds $70,000. Good read: WTI Crude Jumps 3% as OPEC+ Extends Production Cuts USDCHF Signals Bearish on US Manufacturing Orders Decline Can USDCAD Hold 1.387 Support as Pressure Mounts? Edited November 4 by FxNews Link to comment Share on other sites More sharing options...
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