Ethereum Rebounded From 20-Week Moving Average
Being supported by the 20-week moving average, ETHUSD rebounded strongly from 135, and broke above the bearish trend line from the June 12 high of 415 to the June 29 high of 315 at 196 on the...
Category: Special Focus
AUDUSD Broke Above 0.7834 Resistance
AUDUSD recently broke above a major resistance at the April 2016 high of 0.7834, indicating that the sideways movement in the range between 0.7144 and 0.7834 is complete. The AUDUSD pair stays above a bullish trend line...
USDCAD Facing Important Support At 1.2460
The USDCAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its...
Bitcoin Is Facing Key Support At 1737
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27...
EURUSD Is Testing Neckline Resistance At Around 1.1450
There is a descending trend line from the August 2015 high of 1.1713 to the May 2016 high of 1.1616, with resistance at around 1.1450, acting as the neckline of the double bottom pattern on the EURUSD’s...
Will the Ethereum Crash Continue?
After hitting a highest record at 415, ETHUSD broke below the bullish price channel on its daily chart and fell sharply to as low as 175.50. Will the Ethereum crash continue? Let’s look into its 4-hour chart,...
Gold Price Remains in Downtrend from 1295.94
After breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17 on its daily chart, XAUUSD continued to break below the key support at 1214.17, confirming...
Bitcoin Is Forming A Triangle Pattern
After hitting a highest record at 2889, BTCUSD fell sharply to 2251, and is now forming a triangle pattern on its 4-hour chart. All we need to do now is wait for a break out of the...
USDCAD Broke below 1.2968 Key Support
USDCAD’s bearish movement from the May 5 high of 1.3793 extended to as low as 1.2912, breaking below the January 31 low of 1.2968 key support, indicating that the long term bearish movement from the January 2016...
Gold Price Broke Below Major Support Trend Line
XAUUSD’s downside movement from the June 6 high of 1295.94 extended to as low as 1218.45, breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17...