EUR/USD: 144 Moving Average acted as resistance
We're likely going to have a local downward correction towards the 34 Moving Average. The following pullback from this line could lead to...
Bitcoin (BTC/USD) could be following a deep correction
The bears finally took the reins of the Bitcoin movements and we see that in the short term there is a dynamic support offered by the 200-hour moving average. The resistance of 11339 has remained solid and has helped the BTC/USD pair to remain under downward pressure, so we may see a deeper downward correction.
The Parabolic SAR is suggesting that the downward trend could last for a few more days, as the bullish price action weakens when touching the key level of 11339. The 200-hour moving average is limiting losses, although it is likely to be fractured for thus allowing more falls in the coming days.
What do we expect?
According to our forecasts in the H1 chart, cryptocurrency aims to gain momentum at more bearish levels. Therefore, our projections put Bitcoin at the Fibonacci level of 38.2% in 9407 at least, so that we observe a buying reaction that allows a rebound towards the Fibonacci target of -23.6% in 12985. The RSI remains in negative territory.
Felipe Erazo
Similar
GBP/USD: price to test the next resistance
If a pullback from 1.2950 - 1.2953 happens next, bears will probably try to reach the previously tested support...
EUR/USD: 89 Moving Average acting as resistance
There's a bullish 'Three Methods' pattern. In this case, we should keep an eye on 144 Moving Average as the next intraday target...
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
