Category: Downtrend
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Chart Art: EUR/USD Is Testing a Long-Term Downtrend Resistance!
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Looking for more USD settings to trade? It looks like the EUR/USD pair has just fallen off the key Resistance zone! Will the pair continue its long-term downward trend in the next few days? EUR/USD 4-hour Forex chart Chart by TradingView In case you missed it, the EUR/USD pair was…
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FX Watch: GBP/USD’s Downtrend Opportunity Ahead of the U.K. Jobs Report
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The pound is testing downside resistance levels ahead of UK labor market data! If you’ve read our latest Weekly Forex DigestYou will know that the US dollar has found some support as more Fed officials announced that they are in no rush to cut interest rates soon. Meanwhile, at least…
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Chart Art: Will Bitcoin (BTC/USD) Extend Its Downtrend?
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Bitcoin is having trouble making new highs above the $65,000 mark! Will this extend the BTC/USD price in its weeks-long downtrend? We take a closer look at the 4-hour chart: Bitcoin (BTC/USD) for 4 hours Chart by TradingView If you’ve read our latest Daily market summary You will then learn…
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Peter Schiff Discloses Downside Target For Bitcoin, Downtrend Imminent?
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Peter Schiff, popular critic of Bitcoin The staunch gold defender has delved into the controversy surrounding BTC’s valuation, forecasting potential downward pressure in the near future and setting his target at the $54,000 price level. Bitcoin continues to face negative pressure Earlier today, Schiff identified a negative pattern on the…