Category: Resistance
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USDCAD moves higher as Oil/Commodities fall and eyes key upside resistance targets
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The USDCAD currency pair is moving higher as the focus in this pair is on the decline in commodity prices including the price of oil and risk flows due to the decline in stocks in the United States. Technical factors also played a role in USD/CAD’s rise after the price…
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Chart Art: WTI Crude Oil (USOIL) To Revisit Its Triangle Resistance?
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US crude oil prices continue to recover after revisiting August lows last week. How far can WTI crude oil go before sellers can gather enough downside momentum? We take a closer look at the potential resistance area: Crude Oil WTI (USOIL) 4 hours Chart by TradingView In case you missed…
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Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance
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XRP price has yet to start an upward trajectory but many cryptocurrency analysts Keep on trending up.Among these analysts is EGRAG Crypto, a well-known figure in the crypto community for his consistently bullish view on XRP. Related reading In a detailed analysis recently published on social media platform X, EGRAG…
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Bitcoin Price Surges Above $64,000 — Here’s The Resistance Level To Watch
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Chart Art: Trend Resistance Setup For Bitcoin (BTC/USD)
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The native cryptocurrency’s rally may lose momentum at key technical resistance levels! Do you think BTC/USD is about to enter a downtrend? We take our signals from the daily chart: Bitcoin (BTC/USD) Daily Chart by TradingView August has been a very good month for Bitcoin so far, with the BTC/USD…
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XRP Smashes Through Resistance, Could Soar 15%, Analyst Says
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Ripple’s XRP is on a rollercoaster ride, having recently broken through a key resistance level. The move has analysts anticipating a potentially big gain for the crypto asset, with many, including Brett Hill, pointing out that it is. Related reading Meanwhile, Pastor Brandon Biggs is making the rounds on social…
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Bitcoin Resistance: Here Are The Challenges Ahead For BTC
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Bitcoin is facing certain resistance levels on the chain that could threaten future gains. Here are the exact prices at which these levels are located. Short-term Bitcoin holders have a cost basis at these levels in the future. As CryptoQuant author Axel Adler Jr. explains in a new article, mail…
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Chart Art: NZD/CHF Long-Term Support Turned Resistance?
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I see a textbook break and retest condition forming on the daily timeframe of NZD/CHF! Will this area of interest remain a ceiling this time? Take a look at the potential long-term support-turned-resistance area I’m watching: Daily currency pair NZD/CHF Chart by TradingView Did you miss those recent NZD/CHF bearish…
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Chart Art: NZD/CHF Long-Term Support Turned Resistance?
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I see a textbook break and retest condition forming on the daily timeframe of NZD/CHF! Will this area of interest remain a ceiling this time? Take a look at the potential long-term support-turned-resistance area I’m watching: Daily currency pair NZD/CHF Chart by TradingView Did you miss those recent NZD/CHF bearish…
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What’s Happening? Is This Bitcoin (BTC) Resistance Unbreakable? Ethereum (ETH) On Verge of Fundamental Crisis? By U.Today
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U.Today – The stock price has moved little or no over the past few weeks, and it continues to falter. SHIB stock has made multiple attempts to move out of its current trading range, but it has been unable to build much momentum, leaving investors and traders in a state…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Resistance
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Crude oil has been on a sharp rise these days, but can it continue its upward trend past this major resistance area? If so, how high can it go? Check out this long term chart pattern on my radar! Crude Oil WTI (USOIL) Daily Chart by TradingView Crude oil has…
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The NZDUSD has set close support and resistance to start the new week
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The NZD/USD pair fell at the start of the Asian session, and in the process found support from buyers against its 100-hour moving average. The price rebounded and moved towards its highest level from last Friday’s trading. This high level was stopped before its 100-day moving average and the 61.8%…
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Bitcoin Set For Critical Price Resistance Encounter
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Simelor Valeti is a cryptocurrency writer who specializes in journalism and content creation. Although he started out writing on a variety of topics, Simelor quickly developed a knack for navigating the complexities and intricacies of the exciting world of blockchain and cryptocurrencies. Simelor is drawn to the efficiency of digital…
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Bitcoin Set For Critical Price Resistance Encounter
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Simelor Valeti is a cryptocurrency writer who specializes in journalism and content creation. Although he started out writing on a variety of topics, Simelor quickly developed a knack for navigating the complexities and intricacies of the exciting world of blockchain and cryptocurrencies. Simelor is drawn to the efficiency of digital…
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USDCHF technicals are pretty easy as it trades between MA support and resistance.
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On Wednesday, the USD/CHF pair returned above its 100-hour moving average, and although the price corrected lower in yesterday’s Asian session and early European session, the bearish momentum found willing buyers near this moving average level. The subsequent rally on the back of yesterday’s rally in US stocks (and the…
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Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000
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On-chain data shows that short-term Bitcoin whales have a cost base of over $64,000, which could be a potential resistance point for Bitcoin. Bitcoin Not Far From Price Target for Short-Term Coin Holders After Rally As one analyst at CryptoQuant Quicktake pointed out, mailThe price of Bitcoin has fallen below…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Chart Art: NZD/JPY’s Potential Pullback Resistance Area
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The NZD/JPY pair has recovered sharply this week after days of heavy losses! How high can the NZD/JPY pair go before the bears appear in the forex market again? We are heading into the daily time frame for key turning points to watch out for! Daily currency pair NZD/JPY Chart…
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NZDUSD moves higher and moves closet to resistance targets. Could see some profit taking.
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The New Zealand dollar rose against the US dollar during today’s trading, supported by improving employment expectations and risks to flows after the Bank of Japan said it does not need to tighten monetary policy if markets are unstable. The move to the upside has lifted the price above the…