FxNews Posted yesterday at 02:29 PM Author Share Posted yesterday at 02:29 PM 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 3 hours ago Author Share Posted 3 hours ago 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 34 minutes ago Author Share Posted 34 minutes ago 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...
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