FxNews.me — Latest Fundamental and Technical Analysis

[FxNews]

Natural Gas Prices Dip to $2.4 After EIA Report Surprise

NATGAS dipped as reports show a surplus in the Natural Gas reserves and a warmer weather forecast for November. 

The stochastic is oversold, which could cause the Natural Gas price to target $2.56. A dip below the 50-SMA invalidated the bullish outlook. 

Article: https://fxnews.me/natural-gas-prices-dip-to-2-4-after-eia-report-surprise/

[FxNews]

Watch Silver as It Approaches $30.7 Resistance

Silver remains oversold but is nearing the $30.7 resistance level, gaining upward momentum as indicated by the Stochastic's move out of the oversold territory.

The trend outlook will stay bearish as long as silver prices remain below the October 17 low of $31.35. Should silver close above the immediate resistance at $30.76, it might aim to test the 50-period simple moving average as its next resistance.

Article: https://fxnews.me/silver-bear-market-shows-signs-of-recovery-around-30/

[FxNews]

GBPUSD Nears Key 1.261 Mark Amid Oversold Signals

GBP/USD is testing 1.261 resistance in a robust bear market. If resistance holds, it could drop to 1.245. 

Article: https://fxnews.me/gbpusd-nears-key-1-261-mark-amid-oversold-signals/

[FxNews]

NZD/USD Downtrend Deepens Past August Lows

NZD/USD falls below the 100-SMA, breaching August lows. The bearish trend continues, with resistance at $0.581, targeting the October low at $0.577.

Article: https://fxnews.me/nzdusd-dips-despite-strong-economic-data/

[FxNews]

USD/JPY Potential Rise to 161.9 on Breakout

USD/JPY could initiate a bullish run toward 161.9 if it stabilizes above the 157.5 resistance level. Watch for potential gains.

Article: https://fxnews.me/usdjpy-to-155-as-boj-signals-gradual-rate-hikes/

[FxNews]

Watch USDCHF for a Potential Drop to 0.880

USDCHF approaches critical 0.8835 resistance, with the potential to reach 50% Fibonacci and August 15 high if bearish momentum continues.

Article: https://fxnews.me/watch-usdchf-for-a-potential-drop-to-0-880/

Edited November 18, 2024 by FxNews

[FxNews]

Oil Prices Dip as Bears Target $66.8 Support

Crude oil prices trend bearishly below SMA lines, with sellers aiming to push below the critical $66.8 support. In this scenario, the downtrend will likely extend to the September 2024 low, the 65.3 support. 

Article: https://fxnews.me/oil-downtrend-hits-66-8-amid-global-surpluses/

[FxNews]

Gasoline Prices Stabilize at $2 Amid Bullish Signals

Gasoline prices formed a bullish FVG after exceeding the 38.2% Fibonacci. After filling the gap, a rise toward the 61.8% level is likely. 

A break below 38.2% Fibo should cancel the bullish outlook. 

Article: https://fxnews.me/gasoline-prices-stabilize-at-2-amid-bullish-signals/

[FxNews]

Gold Nears Key Fibonacci as Fed Rate Cut Odds Dip

Gold is about to test the 38.2% Fibonacci retracement level, while Stochastic Signals are overbought. The chance of a 0.25% Fed rate cut has fallen below 59%. 

The gold's downtrend is valid if the prices are below %50 Fibonacci. 

Article: https://fxnews.me/gold-hits-2620-as-investors-eye-fed-moves/
 

[FxNews]

Will Ethereum Bulls Overcome $3190 Hurdle?

Ethereum trades bullishly, eyeing a breakout above the $3,190 resistance. If ETH stabilizes above key levels, bulls aim for targets at $3,325 and $3450s.

Artilce: https://fxnews.me/will-ethereum-bulls-overcome-3190-hurdle/

Edited November 19, 2024 by FxNews

[FxNews]

Will Litecoin Bounce Back from $85 or Tumble Further

Litecoin struggles at $85 after a drop from the 78.6% Fibonacci. The market outlook remains bullish as long as prices are above %50 Fibo.

Article: https://fxnews.me/will-litecoin-boun...umble-further/

[FxNews]

Buy Solana Smartly - Wait for Price Consolidation

FxNews—Are you considering entering the Solana bull market? Wait for a smart, low-risk buying opportunity when prices consolidate near the $223 support, backed by bullish signs.

Article https://fxnews.me/buy-solana-smartly-wait-for-price-consolidation/

[FxNews]

XRP Hits $1.3 High Thanks to U.S. Policy and Legal Action

XRP reached a new high of $1.3, driven by Donald Trump's crypto-friendly policy and lawsuits against the SEC by 18 U.S. states. The market outlook with the next target at $2.0 remains valid as long as XRP holds above the $0.785 support. 

Article: https://fxnews.me/xrp-hits-1-3-high-thanks-to-u-s-policy-and-legal-action/

[FxNews]

Oil Prices Stable $69 as Geopolitical Risks Soar

WTI crude oil remains above $66 as geopolitical risks increase following Ukraine's missile strike and changes in Russia's nuclear stance. If $69.7 resistance holds as Stochastic signals overbought, a consolidation phase toward $68.3 could be on the horizon. 

Article: https://fxnews.me/oil-prices-stable-69-as-geopolitical-risks-soar/

[FxNews]

GBP/JPY Faces Bearish Pressures Below Key Levels

The GBPJPY pair remains bearish below the October 23 low of 198.4. If prices fall below the 196.7 support, the next target is September's low of 195.4. A move above 198.45 would negate this bearish outlook.

Article: https://fxnews.me/gains-in-ftse-100-halted-the-gbpjpy-bearish-trend/

Edited November 20, 2024 by FxNews

[FxNews]

EURUSD Downtrend Continues on ECB Warnings

EUR/USD remains in a bearish trend under $1.06, aiming for October's low at 1.045. 

Article 👇
https://fxnews.me/eurusd-downtrend-continues-on-ecb-warnings/

[FxNews]

GBPUSD Bear Market Continues Despite High UK Inflation

The GBPUSD downtrend resumed despite UK inflation reaching a six-month peak at 2.3%. A bearish break below 1.261 can potentially trigger the downtrend to aim for the 1.245 mark. 

Article: https://fxnews.me/gbpusd-bear-market-continues-despite-high-uk-inflation/

[FxNews]

USDZAR Bulls Eye 18.4 Amid South Africa Rate Cut Speculation

USD/ZAR eyes 18.19 resistance, near 23.6% Fibonacci. A break could see the pair revisit the Nov 14 high at 18.4, signaling uptrend resumption.

Article 👇

https://fxnews.me/usdzar-bulls-eye-18-4-amid-south-africa-rate-cut-speculation/

[FxNews]

Silver Pauses at $30.76 Amid Solar Panel Demand Drop

Silver uptrend paused due to low demand for solar panels. On the technical front, the 100-period simple moving average acts as strong resistance.

A dip below the immediate resistance of $30.76 will likely trigger a downtrend. In this scenario, the next bearish target could be revisiting $29.7.

Article👇
https://fxnews.me/silver-rally-halts-at-31-4-amid-solar-panel-surplus/

[FxNews]

EURUSD Plummets Amid Ukraine-Russia Tensions and Eurozone Woes

The EUR/USD currency pair resumed its downtrend amid escalating tension between Ukraine and Russia and increasing concerns in the Eurozone. The outlook of the trend remains bearish below $1.06, with the next target at $1.045.

Article ► https://fxnews.me/eurusd-plummets-amid-ukraine-russia-tensions-and-eurozone-woes/