GBP/USD: 55 Moving Average acted as support
There's a 'Thorn' pattern, which pushed the price higher. It's likely that the market is going to test the closest resistance...
Bitcoin (BTC/USD) could make a break lower
There were no major changes during the weekend in the crypto space and in the case of Bitcoin, we could observe that the price action did not vary much since the 200-hour moving average served as a reference to guide the way in the short term. The support level of 6281 is still an area of interest for buyers.
The Parabolic SAR continues to provide signals that the BTC could continue with the bearish movement, in addition to that there was already a death crossover of moving averages in the H1 chart, which
What do we expect?
According to our forecasts in the short-term, Bitcoin could try to break the support level of 6281 to extend the structure to the level of 5475. This could strengthen the bearish bias for the short term, which also clears the way for visit the psychological level of 5000. If the resistance level of 7586 bets to be fractured, the gains could be consolidated above the key level by 8000.
Felipe Erazo
Similar
EUR/USD: bullish 'High Wave' and 'Harami'
We should keep watching the next resistance at 1.1776 as an intraday target...
GBP/USD: developing 'Rising Wedge' pattern
It's likely that the market is going to test the next resistance at 1.3172 - 1.3216 soon. If a pullback from this area happens next...
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
