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...
Category: Special Focus
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...
USDCNH Is In Correction Pullback
After breaking above the support-turned-resistance at 6.8450 on the daily chart, the USDCNH pair failed to extend its bullish movement from 6.7210 and pulled back from 6.8583, indicating that correction for the uptrend is underway. On the...
GBPUSD rebounded from 1.2589
Being supported by the 20-weekly moving average on its weekly chart, the GBPUSD pair rebounded from 1.2589, suggesting that lengthier consolidation for the long term downtrend from the July 2014 high of 1.7190 is needed. Let’s look...
USDCAD Broke Below Channel Support On Weekly Chart
USDCAD’s fall from the May 5 high of 1.3793 extended to as low as 1.3137 and broke below the bottom support trend line at 1.3230 of the price channel on its weekly chart, suggesting that the uptrend...