EUR/USD: 'High Wave' points to decline
The market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to reach...
Bitcoin (BTC/USD) piercing above bearish channel
The Bitcoin has put a brake on the fall that was sustained during the past weekend and is now recovering in an area of importance to sellers. This is because the BTC/USD pair broke a bearish channel and managed to consolidate above the 50-hour moving average. Now, the lights are on the road to the north.
The Parabolic SAR suggests that the price action remains intact in favor of the bulls, although it is an indication that it can last for a short time, because the sellers could appear in the current stage, thanks to the convergence that has with the moving average of 200 hours and in addition, the BTC is approaching the Fibonacci level of 50% in 8724.
What do we expect?
According to our forecasts in the short-term, cryptocurrency is finding support at the Fibonacci level of 78.6% in 7068, which suggests that the buying price action is concentrated around that area. Therefore, we can not rule out a rebound of Bitcoin towards the Fibonacci level of 38.2% in 9407, once it manages to fracture above the highs of March 16. The RSI remains in the overbought area.
Felipe Erazo
Similar
GBP/USD: 'Rising Wedge' to end soon
We should watch the next resistance at 1.3172 as a possible starting point for a downward correction to 1.3081 - 1.3072...
EUR/USD: 'Shooting Star' and 'Engulfing' still in place
We've got a bullish 'Harami' in the 144 Moving Average. So, the market is likely going to test the nearest resistance...
Popular
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
