- Wed, 10 Nov 2021 17:02:25 GMT
Natural gas reaches September low level
By the start of Tuesday's US trading hours, the price for Natural Gas had almost plummeted by 7.50%, as it reached the October 21 low level at $5.050. During this year, the price for natural gas surged by almost 165.00%, as demand increased due to various disruptions in the energy sector. However, the price has not booked new
- Tue, 09 Nov 2021 10:01:14 GMT
EUR/GBP approaches support levels
On November 5 and 8, the EUR/GBP currency exchange rate bounced off a resistance zone at 0.8585/0.8595. The decline is attributed to the fact that the zone that surrounds the 0.8600 mark has been impacting the rate throughout the last half year. The target for the decline was the combination of the 0.8510/0.8513 zone and the 50 and 200-four hour
- Tue, 09 Nov 2021 09:44:35 GMT
USD/SEK trades sideways
Since October 20, the USD/SEK currency exchange rate has been trading between the resistance of the 8.6230/8.6290 zone and the support of 8.5035/8.5100. Future scenarios were based upon whether or not the rate passes the support zone or breaks resistance. A surge that would break the resistance zone of 8.6230/8.6290 zone could reach the 200-four hour simple moving average at
- Mon, 08 Nov 2021 12:28:17 GMT
CHF/JPY aims at 123.50
The CHF/JPY currency exchange rate recently passed below the 124.00 level. In addition, the support of the 50-four hour period simple moving average was passed and the technical levels started to provide resistance at 124.50. In the near term future, the rate was highly likely going to look for support in the 123.50 level, which kept the rate up during late
- Mon, 08 Nov 2021 12:19:14 GMT
USA Tech stocks surge in channel
Since October 13, the USA Tech stock index has been surging in a narrow channel up pattern. Meanwhile, it has been spotted that in the first week of November, the surge consolidated by trading sideways at round price levels. namely, the index consolidated by finding both resistance and support in the 15,800.00, 16,000.00 and 16,200.00 levels. In regards to the
- Fri, 05 Nov 2021 10:42:19 GMT
BAT/USD finds support in SMA
The price for the Basic Attention Token has been declining supported by a descending trend line. Most recently, the support of the 50-4 hour period simple moving average approached the trend line. It caused a surge, which could encounter resistance at 1.0750. Near that level a potential upper trend line of a channel down pattern is located at. The channel
- Fri, 05 Nov 2021 09:15:32 GMT
ADA/USD trades in ascending channel
On November 4, the price for Cardano confirmed the existence of a channel up pattern. Namely, one can draw the pattern by connecting the October 28 and November 3 high levels as resistance and the October 27 and November 4 low levels as support. The pattern has been guiding the rate's recovery since the drop on October
- Thu, 04 Nov 2021 11:03:04 GMT
BTC/USD reveals pattern
On November 3, the price for Bitcoin confirmed a channel up patter by bouncing off its lower trend line. The pattern can be drawn by connecting the October 28, 29 and November 2 high levels and setting a parallel line at the October 28 low level. In the case that the BTC/USD rate continues to surge in the pattern, it
- Thu, 04 Nov 2021 10:46:15 GMT
ETH/USD surges in channels
By examining the ETH/USD pair's 4-hour chart it can be spotted that the pair is surging in ascending channel patterns. Namely, since late September, the rate has been surging in a dominant channel up pattern. Meanwhile, most recently, since October 27, the pair has been surging in a smaller channel up. Meanwhile, it can be spotted that the rate uses
- Wed, 03 Nov 2021 16:15:47 GMT
USD/RUB recovery faces resistance
Since October 26, the USD/RUB has been recovering in a narrow channel up pattern. However, on a larger scale the currency pair remains in a channel down pattern, which captures the pair's moves since April 2021. Most recently, the surge of the rate encountered the resistance of the 200-4 hour period simple moving average at 72.20. The simple moving average provided
- Wed, 03 Nov 2021 15:37:37 GMT
Light Crude Oil breaks pattern
Since August 20, the price for US Light Crude Oil had been surging in a channel up pattern, as the price went from $61.80 to $85.40 per barrel. Namely, crude oil surged by almost 40.00%, as the price gained 38.47%. At mid-day on November 3, the price passed the lower trend line of the channel up pattern. In regards
- Tue, 02 Nov 2021 12:36:19 GMT
AUD/JPY looks for support
On November 2, the AUD dropped against the Japanese Yen, as the rate's attempts to pass the recently booked 2021 high level were ended by the Reserve Bank of Australia. Namely, the central bank made a Rate Statement, which beat down the value of the Australian Dollar. On the AUD/JPY this resulted in the passing of the support of the
- Tue, 02 Nov 2021 12:28:23 GMT
USD/CHF decline passes low level
At the start of November, the USD/CHF currency exchange rate's decline passes the late August low level of 0.9100. Namely, the round exchange rate level failed to provide support. Meanwhile, the currency pair remains in the borders of a channel down pattern. If the pair recovers, it would face the combined resistance of the 55-period simple moving average at the
- Mon, 01 Nov 2021 09:29:42 GMT
Germany 40 index aims at high levels
On Friday, October 29, the Germany 40 index found support in the 15,500.00 mark. By doing so, the rate, first of all, reveled a channel up pattern, which captures the October surge. Secondly, the index appears to be heading to this year's high level zone at 15,940.00/16,035.00. A continuation of the surge would most likely test the resistance of the high
- Mon, 01 Nov 2021 09:18:09 GMT
USA Tech books new ATH
The USA Tech index booked a new all-time-high level on Friday, October 29. The index has been surging on both larger and smaller scales, as USA Tech has been surging in a broad channel up pattern since the middle of 2020. Meanwhile, throughout October the index has been surging, supported by an ascending trend line. In regards to the near
- Fri, 29 Oct 2021 02:31:12 GMT
ETH/USD breached 4300.00
Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)SellNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)BuySellBuy Aggregate⇗⇒⇗ [ANNOUNCE]The Ethereum cryptocurrency has edged higher by 15.25% against the US Dollar since October 20. The world's second-largest crypto currency breached the 4300,00 on October 29.[/ANNOUNCE]All things being equal, the exchange rate could continue to surge in an ascending channel pattern during the following trading sessions. The potential target for buyers will be
- Fri, 29 Oct 2021 02:29:00 GMT
BTC/USD tests $65K mark
Indicator4H1D1W MACD(12;26;9)SellBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)SellNeutralNeutral Alligator(13;8;5)SellBuyBuy SAR(0.02;0.2)SellSellBuy Aggregate⇓⇒⇗ [ANNOUNCE]The Bitcoin cryptocurrency has declined by 11.48% against the US Dollar since October 20. The blockchain retraced from the previous all-time high at the $65K mark last week.[/ANNOUNCE]Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the world's largest crypto by market cap could make a retracement towards the $52K level
- Thu, 28 Oct 2021 03:34:25 GMT
GBP/CAD sellers could prevail
Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)SellBuySell Aggregate⇘⇒⇘ [ANNOUNCE]The Pound Sterling has edged lower by 0.94% against the Canadian Dollar since this week's trading sessions. The currency pair breached the 50– period simple moving average on October 27.[/ANNOUNCE]All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for the GBP/CAD pair
- Thu, 28 Oct 2021 03:32:18 GMT
GBP/AUD decline likely to continue
Indicator4H1D1W MACD(12;26;9)SellSellBuy RSI(14)NeutralBuyNeutral Stochastic(5;3;3)NeutralNeutralBuy Alligator(13;8;5)SellSellBuy SAR(0.02;0.2)SellSellSell Aggregate⇘⇘⇗ [ANNOUNCE]The British Pound has declined by 1.82% against the Australian Dollar since October 18. The 50– period simple moving average has continued to pressure the currency pair lower since the middle of September.[/ANNOUNCE]Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, sellers may continue to pressure the exchange rate
- Tue, 26 Oct 2021 03:53:54 GMT
EUR/CAD consolidates above 1.4300
Indicator4H1D1W MACD(12;26;9)BuySellSell RSI(14)NeutralNeutralBuy Stochastic(5;3;3)NeutralNeutralBuy Alligator(13;8;5)BuySellSell SAR(0.02;0.2)BuySellSell Aggregate⇗⇘⇒ [ANNOUNCE]The EUR/CAD currency pair has been trading between the range of 1.4450/1.4300 levels since October 13.[/ANNOUNCE]Technical indicators suggest buying signals on the 4H time-frame charts. Most likely, the Eurozone single currency could strengthen against the Canadian Dollar during the following trading sessions. The potential target for buyers could be near the 1.4600 level.However,
- Tue, 26 Oct 2021 03:51:33 GMT
EUR/AUD two scenarios likely
Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)BuyNeutralBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)SellBuySell Aggregate⇘⇒⇘ [ANNOUNCE]Since October 13, the common European currency has declined by 1.69% against the Australian Dollar. The 50– period simple moving average pressured the currency pair lower during last week's trading sessions.[/ANNOUNCE]Currently, the exchange rate is trading near the lower boundary of a descending channel pattern and could be set for a breakout.If the breakout
- Fri, 22 Oct 2021 03:30:59 GMT
CAD/CHF could edge lower
Indicator4H1D1W MACD(12;26;9)SellBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)BuyNeutralSell Alligator(13;8;5)SellBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇘⇗⇗ [ANNOUNCE]The Canadian Dollar has surged by 1.81% against the Swiss Franc since October 8. The currency pair tested the resistance level at 0.7492 during this week's trading sessions.[/ANNOUNCE]Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the CAD/CHF currency exchange rate could edge lower during next week's trading sessions.However, bearish
- Fri, 22 Oct 2021 03:29:13 GMT
NZD/JPY likely to make pullback
Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralSellSell Stochastic(5;3;3)BuySellSell Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇗⇒⇒ [ANNOUNCE]Upside risks have been dominating the NZD/JPY currency pair since the beginning of October. The New Zealand Dollar has edged higher by 7.23% against the Japanese Yen during this period.[/ANNOUNCE]All things being equal, the exchange rate is likely to continue to trend higher during the following trading sessions. The potential target for buyers will
- Thu, 21 Oct 2021 04:08:01 GMT
GBR.IDX/USD likely to maintain channel
Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)BuyBuySell Aggregate⇗⇗⇒ [ANNOUNCE]The UK100, which compiles the top 100 capitalized UK companies listed on the London Stock Exchange, has edged higher by 2.27% since October 12. The FTSE 100 breached the resistance level at 7243.06 this week.[/ANNOUNCE]Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the index could continue to