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Bitcoin Outlook: Bullish Scenario May Play Out if Key Technical Support Holds

Posted by By 24/07/2021Posted inForex
Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region.
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AUD/USD Rate Faces Australia CPI Report & Fed Rate Decision

Posted by By 24/07/2021Posted inForex
AUD/USD is likely to face increased volatility over the coming days as it faces a batch of key event risks going into the end of July.
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Crude Oil Price Forecast: Rally Back on Track After Bear Trap

Posted by By 23/07/2021Posted inForex
Crude oil prices took a dive earlier this week, but price action suggests that the bearish impulse is in the rearview mirror.
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Gold Price Forecast – XAU/USD Could Get Put to the Test This Week

Posted by By 23/07/2021Posted inForex
Gold hasn't been very active the past few sessions, but that could change next week and provide a stronger trading bias.
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British Pound (GBP) Weekly Forecast: Attempts to Recover as Sentiment Shifts

Posted by By 23/07/2021Posted inForex
Market uncertainty sees GBP pairs break out of their ranges
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USD/JPY Rate Tracks Rebound in US Yields Ahead of Fed Rate Decision

Posted by By 23/07/2021Posted inForex
USD/JPY appears to be tracking the recovery in US yields ahead of the Federal Reserve interest rate decision as it trades back above the 50-Day SMA (109.98).
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US Dollar Firms as PMI Data Echoes Inflation Risk; Cue the Fed

Posted by By 23/07/2021Posted inForex
The US Dollar is strengthening broadly during early Friday trade with the latest flash PMI report just released underscoring ongoing inflation pressures ahead of next week's Federal Reserve meeting.
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BTC/USD & ETH/USD Charts Continue to Build Bearish Patterns

Posted by By 23/07/2021Posted inForex
BTC and ETH continue to carve out patterns that should send them lower, but will need to confirm before running too aggressively with a bearish bias.
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Natural Gas Outlook: LNG Price Action Approaches Long-Term Resistance

Posted by By 23/07/2021Posted inForex
LNG is at a critical technical juncture after a strong upward surge. Natural gas fundamentals point to upside support, but slowing technical momentum may point to a price pullback.
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USD/CAD Technical Outlook: Weekly Reversal Damaging

Posted by By 23/07/2021Posted inForex
USD/CAD exploded on Monday, but now that the rally has been erased and then some, the weekly reversal has lower levels in focus.
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