Article By RoboForex.com
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 18874.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 18675.00 and then resume moving upwards to reach 19945.00. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 17905.00. In this case, the pair may continue falling towards 17025.00.
EURJPY, “Euro vs Japanese Yen”
EURJPY is trading at 124.31; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 124.05 and then resume moving upwards to reach 126.25. Another signal in favor of further uptrend is the formation of a Head & Shoulders reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 122.95. In this case, the pair may continue falling towards 122.05. To confirm further growth, the asset must break the resistance area and fix above 124.95, thus indicating a breakout the pattern’s “neckline”.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
BRENT
Brent is trading at 48.07; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 47.45 and then resume moving upwards to reach 50.25. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 46.15. In this case, the pair may continue falling towards 44.65.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Today, traders are focused on Canadian inflation data and waiting for the RBNZ interest rate decision May 21, 2024
- Euro/Dollar in consolidation May 21, 2024
- XAGUSD: Hits fresh 11-year high above $32 May 21, 2024
- Trade Of The Week: Nvidia headed for $1000 milestone? May 20, 2024
- Precious and industrial metals show strong growth. Oil grows amid the news about the death of Iran’s leader May 20, 2024
- Gold hits new record high May 20, 2024
- COT Metals Charts: Speculator bets led by Platinum & Silver May 18, 2024
- COT Bonds Charts: Speculator bets led by the 10-Year & 2-Year Bonds May 18, 2024
- COT Stock Market Charts: Speculator bets led by DowJones-Mini & Russell-Mini May 18, 2024
- COT Soft Commodities Charts: Speculator bets led higher by Corn & Wheat May 18, 2024