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Analisis Teknis ETHUSD dan LTCUSD – 25 NOV, 2021

ETHUSD: Pola Double Bottom Di Atas $4,000

Pada 23 November, Ethereum menyentuh level terendah $ 4.030, setelah itu harga stabil dan, mulai kemarin, memasuki fase konsolidasi.

Di sesi perdagangan Asia hari ini, ETHUSD menyentuh tertinggi intraday di $4.334.

Kita bisa melihat pola double bottom di atas $4,000 yang menandakan pembalikan bullish, akhir dari tren turun dan pergeseran menuju tren naik.

Dalam sesi perdagangan Eropa hari ini, harga Ethereum terus naik perlahan dan menargetkan kenaikan $4.400 dan $4.500.

Penurunan level ETH yang terlihat minggu lalu terjadi karena profit taking; nada bullish kembali di pasar. Pasangan ini mendapatkan momentum bullish dan juga siap untuk reli ke atas $ 4.500 yang dapat terjadi kapan saja sekarang.

ETH diperdagangkan di atas level pivot $4,276 dan bergerak dalam tren bullish. Harga ETHUSD telah menembus level resistance klasiknya di $4,298 dan level resistance Fibonacci di $4,290. Di sesi perdagangan AS, ini mengarah ke level $4.400.

Semua indikator teknis utama memberikan sinyal BELI KUAT.

ETH sekarang diperdagangkan di atas rata-rata pergerakan sederhana 100 jam dan 200 jam.

• Ethereum adalah kelanjutan dari saluran bullish
• Kisaran jangka pendek tampaknya bullish untuk ETHUSD
• Semua rata-rata bergerak memberikan sinyal BELI KUAT
• Rata-rata rentang sebenarnya menunjukkan KURANG volatilitas pasar

Ether: Tren Bullish Menuju $4.500 Dikonfirmasi

ETHUSD bergerak dalam saluran konsolidasi di awal sesi perdagangan Asia hari ini setelah momentum bullish mulai mendorong harga di atas level $4.300.

Kita dapat melihat bahwa tekanan jual besar minggu lalu telah habis, dan sekarang pembeli kembali ke pasar.

Indeks kekuatan relatif NETRAL yang menandakan potensi pembalikan tren hari ini.

Yang terbaik adalah masuk ke posisi buy di Ethereum pada level pasar saat ini sebesar $4.300 dengan target $5.000 bulan depan.

Kisaran sebenarnya rata-rata menunjukkan volatilitas pasar yang rendah karena kita dapat melihat penurunan 12% dalam volume perdagangan dibandingkan dengan kemarin. Hal ini karena pasar sedang dalam fase konsolidasi dan pembeli menunggu pola bullish yang terlihat jelas saat ini.

ETH telah naik +0,63% dengan perubahan harga +26,94$ dalam 24 jam terakhir dan memiliki volume perdagangan 18,729 miliar USD.

Minggu Depan

Ether mencetak di atas $4.300 hari ini, dan kita bisa melihat $4.500 minggu ini.

Prospek jangka menengah-panjang untuk Ether tetap bullish, menargetkan $5.000 ke atas di bulan depan.

Kita sudah dapat melihat peningkatan kapitalisasi pasar Ethereum yang saat ini mencapai $510 miliar.

Harga ETHUSD telah menembus level resistance utamanya di $4,270 dan akan menembus level resistance berikutnya di $4.335.

Kita bisa melihat Ether mencetak di atas $4.500 minggu depan dan mengarah ke atas menuju pegangan $5.000.

Saat ini, pasar menawarkan peluang pembelian yang baik bagi pedagang jangka panjang yang dapat bertahan hingga mencapai $10.000 pada tahun 2022.

Indikator Teknis:

The commodity channel index ( (14-hari): di 56,55 menunjukkan BELI

Moving averages convergence divergence (14-hari): di 11,85 menunjukkan BELI

StochRSI (14-hari): di 69,83 menunjukkan BELI

Rate of price change: di 2.121 menunjukkan BELI

 

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AUD/USD dan NZD/USD Berubah Merah, Risiko Lebih Banyak Kerugian

AUD/USD memulai penurunan baru dari jauh di atas 0,7250. NZD/USD juga menurun, dan mungkin berakselerasi lebih rendah di bawah level 0,6800.

Pengambilan Penting untuk AUD/USD dan NZD/USD

• Dolar Aussie memulai penurunan besar dari resistensi 0,7300 terhadap Dolar AS.
• Terjadi penembusan di bawah garis tren support penghubung di 0,7170 pada grafik per jam AUD/USD.
• NZD/USD juga memulai penurunan besar dari jauh di atas level 0,7000.
• Ada garis tren bearish utama yang terbentuk dengan resistance di dekat 0,6855 pada grafik 1 jam NZD/USD.

Analisis Teknis AUD/USD

Dolar Aussie memulai penurunan besar setelah gagal menembus 0,7300 terhadap Dolar AS. Pasangan AUD/USD diperdagangkan di bawah level support 0,7250 dan 0,7200 untuk bergerak ke zona bearish.

Pasangan ini bahkan menembus support 0,7150 dan simple moving average 50 jam. Selain itu, ada penembusan di bawah garis tren support penghubung di 0,7170 pada grafik per jam AUD/USD. Pasangan ini sekarang berakselerasi lebih rendah di bawah level 0,7150.

Support awal pada sisi bawah berada di dekat level 0,7120. Support utama berikutnya berada di dekat level 0,7100. Jika ada penembusan sisi bawah di bawah support 0,7100, pasangan ini dapat memperpanjang penurunannya menuju level 0,7050.

Pada sisi atas, resistensi langsung berada di dekat level 0,7150. Itu dekat level retracement Fib 23,6% dari penurunan baru-baru ini dari swing high 0,7208 (terbentuk di FXOpen) ke rendah 0,7136.

Resistensi utama berikutnya berada di dekat level 0,7175. Itu dekat level retracement Fib 50% dari penurunan baru-baru ini dari swing high 0,7208 ke rendah 0,7136. Penutupan di atas level 0,7175 dapat memulai kenaikan stabil dalam waktu dekat. Resistensi utama berikutnya bisa 0,7250.

 

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EUR/USD Starts Fresh Increase, USD/JPY Bears Remain In Action

EUR/USD started a fresh increase above the 1.1300 resistance. USD/JPY is declining and might accelerate lower below the 113.00 support.

Important Takeaways for EUR/USD and USD/JPY

• The Euro started a steady increase above the 1.1280 and 1.1300 resistance levels.
• There is a major bullish trend line forming with support near 1.1270 on the hourly chart of EUR/USD.
• USD/JPY started a fresh decline from well above the 114.50 level.
• There is a key bearish trend line forming with resistance near 113.55 on the hourly chart.

EUR/USD Technical Analysis

This week, the Euro started a steady increase above the 1.1280 resistance against the US Dollar. The EUR/USD pair gained pace for a move above the 1.1300 resistance.

The pair even broke the 1.1320 level and settled above the 50 hourly simple moving average. A high was formed near 1.1382 and there was a downside correction. A low was formed near 1.1235 on FXOpen and the pair is now rising.

IIt broke the 50% Fib retracement level of the recent decline from the 1.1382 swing high to 1.1235 low. An immediate resistance on the upside is near the 1.1340 level.

The next major resistance is near the 1.1360 level. It is near the 76.4% Fib retracement level of the recent decline from the 1.1382 swing high to 1.1235 low. The main resistance is near the 1.1380 level, above which the pair could accelerate higher.

If there is no break above 1.1360, the pair might start a downside correction. An immediate support is near the 1.1280. The next major support is near 1.1270.

There is also a major bullish trend line forming with support near 1.1270 on the hourly chart of EUR/USD. Any more losses might push the EUR/USD pair towards the 1.1220 support in the near term.

 

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ETHUSD and LTCUSD Technical Analysis – 02nd DEC, 2021


ETHUSD: Bullish Engulfing Pattern Above $4,400

Ethereum had a major bearish correction last week when it declined towards the $4,000 handle after touching a high of $4,551.

ETHUSD started this week in a consolidation phase after which it had a bullish reversal towards $4,700 and touched an intraday high of $4,776 in today’s Asian trading session.

We can clearly see a bullish engulfing pattern above $4,400 which signifies a trend reversal, and ETHUSD crossing $4,700.

Ethereum price has retracted from its highs due to some profit-taking, but the bullish channel continues, and this week, we are aiming for the upsides of $4,700 and $4,900.

ETH is now trading above its pivot level of $4,524 and moving in a mild bullish momentum. The price of ETHUSD has already broken its classic resistance level of $4,545, its Fibonacci resistance level of $4,555, and is now aiming towards the $4,600 handle in the US trading session.

[bMoving averages are giving a NEUTRAL signal..[/b]

ETH is now trading above both its 100 hourly and 200 hourly simple moving averages.

• Ethereum is in a mild bullish channel
• Short-term trend reversal seen above $4,400
• All the major technical Indicators are giving NEUTRAL to SELL signals
• Average true range is indicating LESS market volatility

Ether: Bullish Channel Towards $4,900 Confirmed

ETHUSD is consolidating its gains above $4,500 in the European trading session and we can clearly see that the bullish channel is back.

We are now aiming for the upsides of $4,600 to $4,700 in today’s US trading session. The retracement from $4,000 was very strong, which suggests that there is more room for upsides in Ethereum this month, and $5,500 is the next target.

At present, technical indicators are giving a SELL signal which means that in the immediate short-term we will see a decline before the continuation of a bullish channel.

ETH has declined by -4.26% with a price change of -202.85$ in the past 24hrs and has a trading volume of 26.670 billion USD.

We can see a decrease of 11% in the trading volume as compared to yesterday, which means that new buyers are not entering the markets and waiting for further correction in the levels of Ethereum.

Ethereum Gains in 2021

We have seen the prices of Ethereum increasing continuously throughout 2021. Starting from $730 on 1st Jan 2021, Ether is currently trading at $4,568, yielding a gain of 625% to its investors — more than Bitcoin during the same period of time.

Ethereum’s performance in 2021 is commendable. The current market valuation of this second-largest cryptocurrency stands at 540.52 billon USD.

A number of leading crypto analysts have also predicted that in the next 5 years, Ethereum could outperform bitcoin and become the topmost cryptocurrency in the world.

The Week Ahead

Ether is printing above $4,500 today, and this week, we could $4,700 to $4,900.

The medium to long-term outlook for Ether in December remains bullish with targets of above $5,000.

Ether has already broken its major resistance level of $4,580 and is now facing the next resistance level of $4,800.

Technical indicator

Commodity channel index (14-day): indicating a NEUTRAL market

Moving averages convergence divergence (14-day): at -27.11 indicating a SELL

Average directional change (14-day): indicating a NEUTRAL market

Rate of price change: at -2.386 indicating a SELL

 

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Gold Price and Crude Oil Price Aim Fresh Increase

Gold price is attempting a fresh increase above the $1,780 resistance zone. Crude oil price could gain pace if there is a clear move above the $68.00 level.


Important Takeaways for Gold and Oil

• Gold price started a fresh decline from well above the $1,800 zone against the US Dollar.
  
• There is a key bearish trend line forming with resistance near $1,775 on the hourly chart of gold.
  
• HCrude oil price declined sharply below $72.00 and $70.00 levels.
  
• There was a break above a major declining channel with resistance near $66.50 on the hourly chart of XTI/USD.

Gold Price Technical Analysis

Gold price started a fresh decline from well above the $1,820 pivot level against the US Dollar. The price declined heavily and it even broke the $1,800 support zone.

The price even settled below the $1,800 level and the 50 hourly simple moving average. Finally, there was a break below the $1,780 support zone. A low was formed near $1,761 on FXOpen and the price is now correcting higher.

Gold Price Hourly Chart

There was a recovery wave above the $1,770 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $1,795 swing high to $1,761 high.

An immediate resistance on the upside is near the $1,775 level. There is also a key bearish trend line forming with resistance near $1,775 on the hourly chart of gold. The next major resistance is near the $1,780 level.

The 50% Fib retracement level of the recent decline from the $1,795 swing high to $1,761 high is also near $1,780. The main resistance is near the $1,800 level. A close above the $1,800 level could open the doors for a steady increase towards $1,820.

The next major resistance sits near the $1,840 level. On the downside, an initial support is near the $1,765 level. The first major support is near the $1,760 level. A downside break below the $1,760 support zone may possibly spark a steady decline. In the stated case, the price could test the $1,720 support.

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[Farabot]

GBP/USD and GBP/JPY At Risk of More Downsides

GBP/USD started a fresh decline and traded below the 1.3300 support zone. GBP/JPY is also trading in a bearish zone and is facing hurdles near 150.00.

Important Takeaways for GBP/USD and GBP/JPY

• The British Pound started a fresh decline after it faced sellers near 1.3360 against the US Dollar.
• There is a major bearish trend line forming with resistance near 1.3280 on the hourly chart of GBP/USD.
• GBP/JPY also declined heavily below the 150.00 and 150.00 support levels.
• There is a key bearish trend line forming with resistance near 150.65 on the hourly chart.

GBP/USD Technical Analysis

This past week, the British Pound started a fresh decline after it failed near 1.3360 against the US Dollar. The GBP/USD pair broke the 1.3320 and 1.3300 support levels to enter a bearish zone.

There was also a break below the 1.3260 support zone and the 50 hourly simple moving average. It traded as low as 1.3207 on FXOpen and is currently consolidating losses. It recovered a few points above the 1.3230 level.

GBP/USD Hourly Chart

There was a break above the 23.6% Fib retracement level of the recent decline from the 1.3308 swing high to 1.3207 low.

The pair is now facing resistance near the 1.3260 level. It is close to the 50% Fib retracement level of the recent decline from the 1.3308 swing high to 1.3207 low. There is also a major bearish trend line forming with resistance near 1.3280 on the hourly chart of GBP/USD.

A close above the 1.3280 level could open the doors for more gains. The next major hurdle is near 1.3315 and the 50 hourly SMA, above which the pair could surge towards 1.3350.

On the downside, an immediate support is near the 1.3220 level. The next major support is near the 1.3200 level. If there is a break below the 1.3200 support, the pair could test the 1.3150 support. If there are additional losses, the pair could decline towards the 1.3050 level.



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[Farabot]

BTCUSD and XRPUSD Technical Analysis – 07th DEC, 2021

BTCUSD: Rounding Bottom Pattern Above $46,000

Bitcoin suffered heavy losses on Dec 4th, which was primarily driven by liquidation of the holdings from the long-term investors in the markets.

Additionally, the Dec 4th bitcoin plunge occurred due to the Omicron coronavirus variant which saw BTC touching a low of $45,000.

We saw BTCUSD touch a high of $59,157 on 30th Nov, and form a bullish momentum before entering a consolidation channel above $55,000.

Today, bitcoin is back in the bullish channel and trading above the $50,000 handle in the European trading session.

We can clearly see a rounding bottom pattern above the $46,000 handle which signifies that the markets have entered into a bullish uptrend.

In the US Trading session, bitcoin is trading in a consolidation phase and is expected to continue doing so.

The short-term outlook for bitcoin has turned MILDLY BULLISH.

Both the Stoch and StochRSI are indicating an OVERBOUGHT level, which means that in the immediate short-term, a decline in the price is expected.

Bitcoin is now moving above its 100 hourly simple and exponential moving averages.

The average true range is indicating lesser market volatility which means that markets will enter a consolidation phase soon.

• Bitcoin trend reversal is seen above $46,000
• Stoch is indicating an OVERBOUGHT level
• The price is now trading just below its pivot level of $51,140
• All the moving averages are giving a BUY signal at current market level of $51,027

Bitcoin: Trend Reversal Towards $60,000 Confirmed

BTCUSD has already recovered its losses from last week and is now trading above the important psychological support level of $50,000.

We will need to see a confirmation of the uptrend once the prices hit the $52,000 handle some time later today.

Some of the major technical indicators are giving a STRONG SELL signal, which means that the prices can also get a downward correction before reaching the level of $60,000.

The price of BTCUSD is trading below its classic resistance level of $51,345 and Fibonacci resistance level of $51,478 in the European trading session.

In the last 24hrs, BTCUSD has gone UP by 6.62% with a price change of $3,170 and a 24hr trading volume of USD 37.942 billion. We can see an increase of 12.54% in trading volume as compared to yesterday.

The Week Ahead

We can see that bitcoin has recovered from last week’s losses and is on its way towards reaching the $58,000 handle this week.

The medium to long-term outlook remains BULLISH for bitcoin with the target of $62,000. At present, the markets are giving a BUY signal, so it would be best to enter long positions in bitcoin.

The relative strength index of 65 is indicating a BULLISH channel, and fresh buying is expected in the markets at any time.

We can see that the fears related to Omicron are vanishing, and new investors are coming back to the markets which also explains the increased market volatility today.

Technical Indicators:

toch (9,6): at 99.04 indicating an OVERBOUGHT level

Average directional change (14-day): at 50.66 indicating a BUY

Rate of price change: at 4.047 indicating a BUY

Moving averages convergence divergence (12,26): at 553.80 indicating a BUY

Read more...

 

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EUR/USD and EUR/JPY: Euro Eyes Fresh Increase

EUR/USD is attempting a fresh increase from the 1.1220 support zone. EUR/JPY is rising, but it is facing hurdles near 128.30 and 128.50.

Important Takeaways for EUR/USD and EUR/JPY

• The Euro gained bearish momentum below 1.1350 and 1.1300.
  
• TThere was a break above a major bearish trend line with resistance near 1.1280 on the hourly chart.
  
• EUR/JPY is attempting a recovery wave above the 128.00 resistance level.
  
• · There is a key bullish trend line forming with support near 127.85 on the hourly chart.

EUR/USD Technical Analysis

The Euro started a major decline after it struggled to clear the 1.1350 resistance against the US Dollar. The EUR/USD pair broke the 1.1300 support zone to move into a bearish zone.

The pair even traded below the 1.1250 support and settled below the 50 hourly simple moving average. A low was formed near 1.1227 on FXOpen and the pair is now correcting losses. There was a break above the 1.1260 level.

EUR/USD Hourly Chart

The pair even spiked above the 1.1285 resistance level. There was a clear move above a major bearish trend line with resistance near 1.1280 on the hourly chart.

It is now facing resistance near the 1.1300 zone and the 50 hourly simple moving average. It is close to the 50% Fib retracement level of the downward move from the 1.1357 swing high to 1.1227 low. The next major resistance is near the 1.1315 level.

It is close to the 61.8% Fib retracement level of the downward move from the 1.1357 swing high to 1.1227 low. The main resistance is forming near the 1.1320 and 1.1335 levels. A clear break above the 1.1335 resistance could push EUR/USD towards 1.1400.

On the downside, the 1.1250 level is a major support. Any more losses might lead EUR/USD towards the 1.1200 support zone in the near term. The next major support sits near the 1.1150 level.

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[Farabot]

Gold Price Faces Hurdles While Crude Oil Price Is Recovering

Gold price is attempting a fresh increase above the $1,785 resistance zone. Crude oil price is recovering and could gain pace if there is a clear move above the $73.20 level.

Important Takeaways for Gold and Oil

• Gold price is showing a few bearish signs below the $1,800 zone against the US Dollar.
  
• There was a break below a key bullish trend line with support near $1,784 on the hourly chart of gold.
  
• Crude oil price started a recovery wave above the $70.00 and $72.00 levels.
  
• There was a break below a major bullish trend line with support near $72.30 on the hourly chart of XTI/USD.

Gold Price Technical Analysis

Gold price started a fresh decline from well above the $1,800 zone against the US Dollar. The price declined heavily, and it even broke the $1,780 support zone.

The price even settled below the $1,800 level and the 50 hourly simple moving average. Finally, there was a break below the $1,770 level. A low was formed near $1,761 on FXOpen before there was a recovery wave.

Gold price hourly chart

The price climbed above $1,780, but it stayed below $1,800. A high was formed near $1,792 and the price corrected lower. There was a break below the $1,785 level and the $1,780 support.

The price even traded below the 50% Fib retracement level of the upward move from the $1,761 swing low to $1,792 high. There was also a break below a key bullish trend line with support near $1,784 on the hourly chart of gold.

However, the bulls remained active near $1,774. The price is also stable above the 61.8% Fib retracement level of the upward move from the $1,761 swing low to $1,792 high.

An immediate resistance on the upside is near the $1,780 level and the 50 hourly simple moving average. The main resistance is near the $1,785 level. A close above the $1,785 level could open the doors for a steady increase towards $1,800.

The next major resistance sits near the $1,820 level. On the downside, an initial support is near the $1,774 level.

The first major support is near the $1,760 level. A downside break below the $1,760 support zone may possibly spark a steady decline. In the stated case, the price could test the $1,740 support.

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[Farabot]

GBP/USD Aims Recovery While EUR/GBP Is Sliding

GBP/USD is attempting a recovery wave above the 1.3220 resistance. EUR/GBP is declining and is gaining pace below the 0.8550 level.


Important Takeaways for GBP/USD and EUR/GBP

• The British Pound is facing resistance near the 1.3280 and 1.3300 levels.
  
• There was a break above a major bearish trend line with resistance near 1.3240 on the hourly chart of GBP/USD..
  
• EUR/GBP started a fresh decline from well above the 0.8580 support level.
  
• There is a major bearish trend line forming with resistance near 0.8540 on the hourly chart.

GBP/USD Technical Analysis

The British Pound declined heavily below the 1.3300 level against the US Dollar. The GBP/USD pair formed a base above the 1.3265 level and recently started an upside correction.

The pair recovered above the 1.3200 resistance level. There was a break above the 50% Fib retracement level of the downward move from the 1.3289 high to 1.3163 low (formed on FXOpen). Besides, there was a break above a major bearish trend line with resistance near 1.3240 on the hourly chart of GBP/USD.

The pair is now trading near the 1.3250 level and the 50 hourly simple moving average. It is close to the 76.4% Fib retracement level of the downward move from the 1.3289 high to 1.3163 low.

On the upside, an initial resistance is near the 1.3265 level. If there is an upside break above the 1.3450 resistance and the 50 hourly SMA, the price could surpass 1.3280. The main resistance is near the 1.3300 zone.

Therefore, a proper break above the 1.3300 resistance could open the doors for a steady increase. The next major resistance for the bulls could be 1.3350. If not, the pair could start a fresh decline below 1.3220. An immediate support is near the 1.3200 level.

The first key support is near the 1.3180 level. Any more losses could lead the pair towards the 1.3150 support zone. The next major support sits near the 1.3080 level.

Read more...

 

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BTCUSD and XRPUSD Technical Analysis – 14th DEC, 2021

BTCUSD: Head and Shoulders Pattern Below $50,000

Bitcoin was unable to sustain its bullish momentum on 12th Dec and declined after having touched a high of $50,701. We can observe a continuous fall since it touched its all-time high of $59,119 on 30th Nov.

This fall in BTCUSD can also be attributed to the broad-based December selling in crypto markets; this is a time when global investors seem to withdraw their profits and investments due to the upcoming Christmas and New Year holiday season.

In today’s European trading session, bitcoin is again back in the bearish channel, trading below the $50,000 handle.

We can clearly see a head-and-shoulders pattern below the $50,000 handle which signifies a fall in the price of Bitcoin and a continuation of the bearish downtrend.

At present, the price of bitcoin has entered a consolidation phase below the $48,000, and this is expected to continue in the US trading session.

Both the Stoch and StochRSI are indicating an OVERBOUGHT level, which means that in the immediate short-term, a decline in the price is expected.

Bitcoin is moving below its both 100 hourly simple and exponential moving averages.

The average true range is indicating a lesser market volatility, which means that markets will be entering a consolidation phase soon.

• Bitcoin trend reversal is seen below $50,000
• Stoch is indicating an OVERBOUGHT level
• The price is now trading just above its pivot level of $46,895
• All the moving averages are giving a SELL signal at current market level of $47,146

Bitcoin: Bearish Momentum Below $50,000 Confirmed

BTCUSD is struggling to keep itself above the $50,000 mark, and we can see a mild bullish channel which suggests that a further decline can be expected.

Some of the major technical indicators are giving a SELL signal, which means that the price will fall below $45,000 soon.

In the European trading session, the price of BTCUSD is trading above its classic support level of $46,708 and Fibonacci support level of $46,594.

In the last 24hrs, BTCUSD has gone DOWN by 3.74% with a price change of $1,830, and has a 24hr trading volume of USD 33.547 billion. Compared to yesterday, there was a 41.25% increase in the trading volume. This increase happened thanks to the increased selling pressure, as well as liquidation of bitcoin holdings by investors.

The Week Ahead

Bitcoin continues tumbling down from its Nov 30th all-time high of $59,119. A further decline will push it below the $45,000 handle.

The medium to long-term outlook remains BULLISH for bitcoin, with a target of $55,000. At present, the markets are giving a SELL signal, so it would be best to enter into short positions.

The relative strength index of 42 is indicating a bearish channel, and fresh selling is expected in the markets at any time. This is also due to the renewed fears related to the Omicron coronavirus variant, and many countries shutting down their international borders.

Technical Indicators:

Stoch (9,6): at 98.95 indicating an OVERBOUGHT level

Average directional change (14-day): at 42.60 indicating a SELL

Rate of price change: at -0.837 indicating a SELL

Moving averages convergence divergence (12,26): at -447.70 indicating a SELL

Read more...

 

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EUR/USD and USD/CHF: Dollar Could Gains Momentum

EUR/USD is struggling to gain momentum above the 1.1300 zone. USD/CHF is rising, and it might extend gains above the 0.9250 level.

Important Takeaways for EUR/USD and USD/CHF

• The Euro failed to gain strength and declined below 1.1300 against the US Dollar.
  
• There was a break below a key bullish trend line with support near 1.1270 on the hourly chart of EUR/USD.
  
• USD/CHF started a decent increase from the 0.9200 support zone.
  
• There is a major bearish trend line forming with resistance near 0.9250 on the hourly chart.

EUR/USD Technical Analysis

The Euro attempted an upside break above the 1.1325 resistance zone against the US Dollar. The EUR/USD pair failed to gain strength above 1.1325 and started a fresh decline.

There was a clear break below the 1.1300 and 1.1280 support levels. Besides, there was a break below a key bullish trend line with support near 1.1270 on the hourly chart of EUR/USD. The pair even broke the 1.1260 support and the 50 hourly simple moving average.

EUR/USD Hourly Chart

It traded as low as 1.1250 on FXOpen and is consolidating losses. On the upside, an initial resistance is near the 1.1272 level. The 23.6% Fib retracement level of the recent decline from the 1.1326 swing high to 1.1250 low is also near 1.1272.

The next major resistance is near the 1.1285 zone. It is near the 50% Fib retracement level of the recent decline from the 1.1326 swing high to 1.1250 low. A clear upside break above the 1.1300 zone could open the doors for a steady move.

The next major resistance sits near the 1.1325 level. On the downside, an immediate support is near the 1.1250 level. The next major support is near the 1.1220 level.

A downside break below the 1.1220 support could start another decline. The next major support sits near 1.1150.

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[Farabot]

ETHUSD and LTCUSD Technical Analysis – 16th DEC, 2021

ETHUSD: Double Bottom Pattern Above $3,600

Ethereum started this week on a mild bullish tone by touching a high of $4,169 after which the decline started pushing its prices below the $4,000 handle.

We saw Ethereum touching an intraday low of $3,654 yesterday, after which fresh buying in the market pushed its prices all the way above the $4000 mark. The recovery was also backed by the Three Arrows Capital hedge fund purchasing $56 million worth of Ether.

ETHUSD is slowly preparing itself for its next move against the US dollar.

We can clearly see a double bottom pattern above $3,600, which signifies the end of a downtrend and a shift towards an uptrend.

ETH is now trading just above its pivot level of $3,998 and moving in a bullish ascending channel. The price of ETHUSD is about to break its classic resistance level of $4,048, its Fibonacci resistance level of $4,035, and is now aiming towards the $4,200 handle in the US trading session.

All the major technical indicators are giving a STRONG BUY signal.

ETH is now trading above its 100 hourly and below its 200 hourly simple moving averages.

• Ethereum trend reversal seen above $3,600
• Short-term range appears to be bullish for ETHUSD
• All the moving averages are giving a BUY signal
• Average true range is indicating LESS market volatility

Ether: Bullish Reversal towards $4,200 Confirmed

ETHUSD has recovered from its losses and is now moving in the consolidation phase below the $4,200 handle in the European trading session.

Stoch and average directional change are indicating a NEUTRAL market.

We can see a 34.50% increase in the trading volume as compared to yesterday, because the market was in a consolidation phase, and today, new buyers have entered as the bullish pattern is clearly visible.

ETH has gained +4.58% with a price change of +176.90$ in the past 24hrs and has a trading volume of 26.810 billion USD.

The Week Ahead

Ether is now waiting for its next move against the US dollar. We can see that the price continues to hold above the important psychological support level of $4,000.

The medium to long-term outlook for Ether remains bullish with targets of $4,500 to $5,000 in January 2022.

This is also a time when long-term investors tend to liquidate their holdings and withdraw the profits. Because of the coming end-of-year Christmas and New Year holidays, the liquidity will remain low and the advances limited.

We have detected an MA5 crossover pattern which signifies a bullish trend in the coming days. A bullish crossover pattern is also seen in the MA100.

Technical Indicators:

Ultimate oscillator: at 54.75 indicating a BUY

Moving averages convergence divergence (14-day): at 54.07 indicating a BUY

Commodity channel index (14days): at 34.51 indicating a NEUTRAL market

Rate of price change: at 8.161 indicating a BUY

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[Farabot]

AUD/USD and NZD/USD Remains Supported On Dips

AUD/USD gained pace after there was a clear move above 0.7200. NZD/USD is correcting gains, but dips might be limited below the 0.6750 support.

Important Takeaways for AUD/USD and NZD/USD

• The Aussie Dollar started a steady rise above the 0.7200 resistance against the US Dollar.
  
• There is a key bullish trend line forming with support near 0.7135 on the hourly chart of AUD/USD..
  
• NZD/USD rallied towards the 0.6840 level before there was a downside correction.
  
• There was a break above a major bearish trend line with resistance near 0.6765 on the hourly chart of NZD/USD.

AUD/USD Technical Analysis

The Aussie Dollar started a major increase after it formed a base above the 0.7100 level against the US Dollar. The AUD/USD pair gained pace for a move above the 0.7200 for sustained upward move.

The pair even broke the 0.7220 resistance zone and the 50 hourly simple moving average. It traded as high as 0.7223 on FXOpen before it started a downside correction. There was a move below the 0.7210 and 0.7200

AUD/USD Hourly Chart

The pair traded below the 23.6% Fib retracement level of the upward move from the 0.7093 swing low to 0.7223 high. The pair is now testing the 0.7155 level and the 50 hourly simple moving average.

It is finding bids near the 50% Fib retracement level of the upward move from the 0.7093 swing low to 0.7223 high. There is also a key bullish trend line forming with support near 0.7135 on the hourly chart of AUD/USD.

If there is a downside break below the 0.7135 support, the pair could extend its decline towards the 0.7100 level. On the upside, an immediate resistance is near the 0.7180 level.

The next major resistance is near the 0.7200 level. A close above the 0.7200 level could start a steady increase in the near term. The next major resistance could be 0.7250.

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[Farabot]

Trading schedule for the 2021-2022 Winter Holiday period

Dear Traders,

Please be aware of the trading schedule changes for the 2021 Christmas and New Year holiday period (all times are GMT+2):
Thursday, December 23

Indices:

• #ESX50 (Europe 50) — trading ends at 23:00
• #GDAXIm (Germany 30) — trading ends at 23:00.

Friday, December 24

Commodities CFDs:

• XBRUSD (UK Brent) — trading closed
• XTIUSD (US Crude) — trading closed
• XNGUSD (US Natural Gas) — trading closed

Metal CFDs:

• XAUUSD (GOLD vs. US dollar) — trading closed
• XAGUSD (SILVER vs. US dollar) — trading closed

Indices:

• #AUS200 (Australia 200) — trading ends at 05:00
• #ESX50 (Europe 50) — trading closed
• #FCHI (France 40) — trading ends at 14:55
• #GDAXIm (Germany 30) — trading closed
• #HSI (Hong Kong 50) — trading ends at 06:00
• #J225 (Japan 225) — trading closed
• #UK 100 (UK 100) — trading ends at 15:00
• #SPXm (US SPX 500 (Mini)) — trading closed
• #NDXm (US Tech 100 (Mini)) — trading closed
• #WS30m (Wall Street 30 (Mini)) — trading closed

Stock CFDs: trading closed.

Monday, December 27

Indices:

• #AUS200 (Australia 200) — trading closed
• #ESX50 (Europe 50) — trading starts at 02:15
• #FCHI (France 40) — trading starts at 09:00
• #GDAXIm (Germany 30) — trading starts at 02:15
• #HSI (Hong Kong 50) — trading closed
• #UK 100 (UK 100) — trading closed.

Tuesday, December 28

Indices:

• #AUS200 (Australia 200) — trading closed
• #HSI (Hong Kong 50) — trading starts at 03:15
• #UK 100 (UK 100) — trading closed.

Wednesday, December 29

Indices:

• #UK 100 (UK 100) — trading starts at 03:00.

Thursday, December 30

Indices:

• #ESX50 (Europe 50) — trading ends at 23:00
• #GDAXIm (Germany 30) — trading ends at 23:00.

Friday, December 31

Commodities CFD:

• XBRUSD (UK Brent) — trading ends at 21:45

Indices:

• #AUS200 (Australia 200) — trading ends at 05:30
• #ESX50 (Europe 50) — trading closed
• #FCHI (France 40) — trading ends at 14:55
• #GDAXIm (Germany 30) — trading closed
• #HSI (Hong Kong 50) — trading ends at 06:00
• #UK 100 (UK 100) — trading ends at 15:00.

Monday, January 3

Indices:

• #AUS200 (Australia 200) — trading closed
• #ESX50 (Europe 50) — trading starts at 02:15
• #FCHI (France 40) — trading starts at 09:00
• #GDAXIm (Germany 30) — trading starts at 02:15
• #HSI (Hong Kong 50) — trading starts at 03:15
• #UK 100 (UK 100) — trading closed.

Tuesday, January 4

Indices:

• #UK 100 (UK 100) — trading starts at 03:00.

Please consider this information when you plan your trading.


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[Farabot]

GBP/USD Continues To Struggle, USD/CAD Gains Momentum

GBP/USD failed to recover and declined below the 1.3250 support. USD/CAD is rising and is showing positive signs above the 1.2850 support.

Important Takeaways for GBP/USD and USD/CAD

• The British Pound started a fresh decline from the 1.3375 resistance zone.
  
• There was a break below a key bullish trend line with support near 1.3235 on the hourly chart of GBP/USD.
  
• USD/CAD started a major increase above the 1.2780 and 1.2800 resistance levels.
  
• There is a major bullish trend line forming with support near 1.2810 on the hourly chart.

GBP/USD Technical Analysis

After a major decline, the British Pound found support above 1.3180 against the US Dollar. GBP/USD started a recovery wave above the 1.3300 level, but it failed to continue higher.

A high was formed near 1.3374 on FXOpen and the pair started a fresh decline. There was a break below the 1.3320 and 1.3300 support levels. The pair traded below the 50% Fib retracement level of the upward move from the 1.3173 swing low to 1.3374 high.

Grafik Per Jam GBP/USD

It is now trading below the 1.3250 level and the 50 hourly simple moving average. There was a break below a key bullish trend line with support near 1.3235 on the hourly chart of GBP/USD.

An immediate resistance is near the 1.3250 level. The first major resistance is near the 1.3300 level. If there is an upside break above the 1.3300 zone, the pair could rise towards 1.3350.

The next key resistance could be 1.3375, above which the pair could gain strength. On the downside, the first key support is near the 1.3220 area. It is near the 76.4% Fib retracement level of the upward move from the 1.3173 swing low to 1.3374 high.

If there is a break below 1.3220, the pair could decline extend its decline. The next key support is near the 1.3200 level. Any more losses might call for a test of the 1.3150 support.

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Will 2022 Be the Year of the Japanese Yen?

The Japanese yen (JPY) was one of the currencies that depreciated the most this year. Even in the late December trading, the JPY is at its yearly lows, especially against the dollar.

This is somehow surprising, considering the Fed’s tapering, but stocks outperformed during the year, justifying the weakness in the JPY pairs.

The yen is viewed as a safe-haven currency that appreciates in times of uncertainty and depreciates when the stock market is bullish. But recently, the JPY pairs’ rally has been stalling. For instance, the USD/JPY pair had difficulty finding buyers above 115, while the EUR/JPY found sellers above 133.

Is the change in leadership good for the JPY? The newly appointed Prime Minister Fumio Kishida has big spending plans to stimulate Japanese economic growth, which might be key to how the JPY will perform in 2022.

Three Reasons to Buy the JPY in 2022

To start with, the economic recovery in Japan lagged the one in other parts of the world. A late vaccination campaign led to a delay in the economic reopening. Thus, the economy may move near to its full potential going forward.

A brighter economic outlook should bode well for inflation. Forecasts point to inflation moving higher in the period ahead but to remain far from the 2% target. In any case, inflationary problems are not exacerbated in Japan, compared to rival economies, which may further spur economic growth, thus favoring the currency.

Finally, there is a whopping accumulation of 3.7% of GDP in excess savings. Consumers choose to save for various reasons, such as the COVID-19 pandemic uncertainties, but, when injected into the economy, these funds will support further economic expansion.

For many years, the JPY has been perceived as a safe-haven currency, just like the Swiss franc. Is it time for the JPY to start reflecting the strength of the local economy? If that is the case, stronger than expected economic growth should trigger a more dominant JPY in the year ahead.
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[Farabot]

EUR/USD and USD/CHF: Dollar Bulls In Control

EUR/USD is still struggling to gain momentum above the 1.1320 zone. USD/CHF is rising, and it might extend gains above the 0.9250 level.

Important Takeaways for EUR/USD and USD/CHF

• The Euro is trading well below the 1.1320 and 1.1350 resistance levels against the US Dollar.
• There is a key bearish trend line forming with resistance near 1.1288 on the hourly chart of EUR/USD.
• USD/CHF started a decent increase from the 0.9190 support zone.
• There was a break above a major bearish trend line with resistance near 0.9230 on the hourly chart.

EUR/USD Technical Analysis

The Euro attempted an upside break above the 1.1350 resistance zone against the US Dollar. The EUR/USD pair failed to gain strength above 1.1350 and started a fresh decline.

There was a clear break below the 1.1320 and 1.1300 support levels. The pair even broke the 1.1280 support and the 50 hourly simple moving average. It traded as low as 1.1235 on FXOpen and is correcting losses.

EUR/USD Hourly Chart

On the upside, an initial resistance is near the 1.1285 level. The 38.2% Fib retracement level of the recent drop from the 1.1360 swing high to 1.1235 low is also near 1.1285.

There is also a key bearish trend line forming with resistance near 1.1288 on the hourly chart of EUR/USD. The next major resistance is near the 1.1300 zone. It is near the 50% Fib retracement level of the recent drop from the 1.1360 swing high to 1.1235 low.

A clear upside break above the 1.1300 zone could open the doors for a steady move. The next major resistance sits near the 1.1350 level. On the downside, an immediate support is near the 1.1255 level. The next major support is near the 1.1235 level.

A downside break below the 1.1235 support could start another decline. The next major support sits near 1.1200.

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[Farabot]

#MarketNews

FTSE 100 strength increases gulf between large and small enterprises

The ever-widening gulf between small enterprise and large corporations is once again in full view as the FTSE 100 index is continuing to flourish.

Investor confidence in the highly diversified index which is represented by Britain's most prestigious 100 publicly listed companies is very high indeed, which is remarkable considering the potential government-imposed restrictions that are lurking in the background over the forthcoming holiday period.

Currently, the FTSE 100 index is trading at 7,302 which is a 0.07% increase over yesterday's already high performance, and represents a 0.056% rise over the course of a month's trading period.

This should be of interest to a number of people with vested interests, and traders and investors would likely be able to correlate the high confidence in this blue-chip index to the current unexpected lack of restrictions to British businesses which have gone alongside the government's continual propagation of medications.

Whilst other non-related stocks within the FTSE 100 such as engineering, mining and manufacturing are all doing well, it's likely that the combination of hospitality, tourism and airline stocks have been instrumental in maintaining the high levels of value currently being displayed by the FTSE 100 index.

The combination of solidly performing engineering and mining stocks in an age during which a move to renewable energy and electric vehicles has driven a need for some of the FTSE 100-listed giants to explore and extract precious metals for battery manufacturing, the big pharma giants such as Moderna and AstraZeneca and the surprise lease of life the hospitality sector and airlines has been given by no lockdowns being imposed have contributed to a stellar performance.

Of course, there is no guarantee that the British government will not go against the will of the public and the business community once again and invoke restrictions before New Year's Day, and if that does happen it is likely that market volatility could be a side effect as investors could take a cautious view on airline and hospitality stocks.

There is a very important matter to consider, however, and that is the viewpoint from within smaller businesses that are not listed on public exchanges.

Whilst the FTSE 100 blue chip giants show massive strength and have so far been able to weather the storm that has been inflicted on them by governments over the past two years, smaller firms are not in such a position and there is more than a degree of discourse relating to what has been regarded by many small businesses as a 'lockdown by stealth' as many people voluntarily began canceling their plans leaving venues, hospitality companies and many customer-facing businesses high and dry with no customers.

Quite a number of leaders of large hospitality businesses have hit out at British Chancellor of the Exchequer Rishi Sunak's offer of a £6,000 grand to cover periods of time during which loss of revenue has taken place due to mass cancelations.

These have been large companies, many of which are listed on the London Stock Exchange and to whom £6,000 is inconsequential, but for smaller privately owned businesses the loss of £6,000 in revenue could be catastrophic.

The mere fact that this is being highlighted by senior executives of large publicly listed companies means that the hospitality business is generally afraid of its future. That in turn means that investors could begin looking closely at the stock prices of the larger listed firms and begin to take a very conservative view on them.

Should this occur, it may have an effect on the overall performance of the FTSE 100 stocks. Tim Rumney, CEO of Best Western Hotels told the Telegraph newspaper this morning: “Rishi’s support is like a dud cracker on Christmas day. It’s just so disappointing and underwhelming in every sense.”

Best Western is a privately held company, but is one of the larger ones in the United Kingdom. To have this type of sentiment being aired in the public domain from a large business such as Best Western demonstrates the anguish.

Listed giants in the pub trade including JD Wetherspoons and Mitchells & Butlers, along with hotels groups Intercontinental and Whitbread are make-or-break stocks at the moment. Should restrictions not be invoked, they may well continue to do well, but they could be large enough to have an impact on London's markets in general if there are restrictions.

IAG, British Airways' owner, lost 9% in value in the lockdowns of 2020, so we have previous history of this dynamic, however easyJet and Ryanair's boards have had enough and made their intentions clear to plough on, but if there are fewer passengers due to choice, it is difficult to see a possible rise in values.

The crossroads is currently being approached, and the next few days will be very interesting for followers of the FTSE 100 index.


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[Farabot]

Gold Price and Crude Oil Price Could Extend Gains

Gold price is gaining pace above the $1,800 resistance zone. Crude oil price is also rising and the bulls could attempt an upside break above $74.00.

Important Takeaways for Gold and Oil

• Gold price is gaining pace and trading above the $1,800 zone against the US Dollar.
  
• There was a break above a major bearish trend line with resistance near $1,794 on the hourly chart of gold.
  
• Crude oil price started a fresh increase above the $70.00 and $72.00 levels.
  
• There was a break above a key bearish trend line with resistance near $69.20 on the hourly chart of XTI/USD..

Gold Price Technical Analysis

Gold price started a fresh increase from the $1,785 support zone against the US Dollar. The price gained pace above the $1,800 level to move further into a positive zone.

The price settled well above the $1,800 level and the 50 hourly simple moving average. There was also a break above a major bearish trend line with resistance near $1,794 on the hourly chart of gold. Finally, there was a break above the $1,810 level.

Gold price hourly chart

A high is formed near $1,812 on FXOpen and the price is now consolidating gains. On the downside, an initial support is near the $1,807 level. It is near the 23.6% Fib retracement level of the upward move from the $1,785 swing low to $1,812 high.

The first major support is near the $1,800 level. It is near the 50% Fib retracement level of the upward move from the $1,785 swing low to $1,812 high. A downside break below the $1,800 support zone may possibly spark a steady decline. In the stated case, the price could test the $1,785 support.

On the upside, the price is facing resistance near the $1,812 level. The main resistance is near the $1,815 level. A close above the $1,815 level could open the doors for a steady increase towards $1,825. The next major resistance sits near the $1,840 level.

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