Category: Cryptocurrencies

Key Highlights GBP/USD is struggling below the 1.3200 resistance zone. A connecting bearish trend line is forming with resistance near 1.3135 on the 4-hours chart. EUR/USD must stay above 1.0950 to start a fresh increase. Read more…

Short Term outlook in Dollar Index (DXY) suggests the decline from March 7, 2022 peak ended in wave (4) at 97.68. Internal subdivision of wave (4) unfolded as a zigzag Elliott Wave structure. Down from Read more…

On a weekly timeframe, AUD/CAD made a low in March 2020 near 0.8070.  The pair then began moving higher. Nearly one year later, AUD/CAD put in a high of 1.0000 during the week of February Read more…

Between the big moves that we’ve seen in the euro, yen, and Australian dollar in recent weeks, many traders have understandably shifted their attention away from USD/CAD. The North American pair has spent more than Read more…

The RBA meets on Tuesday this week and is widely expected to leave the Official Cash Rate (OCR) unchanged at a record low of 0.1%.  At the previous meeting, the central bank said that they Read more…

EUR/USD fell on Monday as fresh claims of Russian war crimes in the Ukraine led to increased speculation of more punitive sanctions against Russia. The news, combined with other developments over the weekend, dented hopes Read more…

EURCHF broke key support level 1.020 Likely to fall to support level 1.01 EURCHF currency pair recently broke the key support level 1.020 (which has been reversing the pair from the start of March). The Read more…

NZDUSD reversed from key support level 0.6885 Likely to rise to resistance level 0.7000 NZDUSD recently reversed up with the daily Long-Legged Doji from the key support level 0.6885 (former monthly high from January). The Read more…