Forex Analysis for BTC/USD

03.07.2020BTCUSD, “Bitcoin vs US Dollar”In the H4 chart, after reaching 23.6% fibo, Bitcoin has rebounded from it. In the future, the pair may continue falling towards 38.2% and 50.0% fibo at 7907.00 and 7150.00 respectively. However, the correction that has been taking place for more than a month c...

03.07.2020BTCUSD, “Bitcoin vs US Dollar”BTCUSD is trading at 9089.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 9125.00 and then resume moving downwards to reach 8805.00. Ano...

03.07.2020EURUSD, “Euro vs US Dollar”EURUSD is forming another descending wave. Possibly, today the pair may break 1.1222 and then continue falling with the short-term target at 1.1180. After that, the instrument may correct to test 1.1222 from below and then start another decline to reach 1.1144.GB...

02.07.2020EURUSD, “Euro vs US Dollar”After completing the descending structure at 1.1184, EURUSD is growing towards 1.1287, thus forming a new consolidation range around 1.1240. After reaching 1.1287, the instrument may start another decline with the target at 1.1204.GBPUSD, “Great Britain Pound vs ...

01.07.2020EURUSD, “Euro vs US Dollar”After completing another correctional structure at 1.1260, EURUSD is falling towards 1.1215. Possibly, today the pair may reach this level and then form a new consolidation range around it. If later the price breaks this range to the downside, the market may cont...

Relevance up to 03:00 UTC+2 Technical outlook: Bitcoin had rallied through 10400/500 levels earlier, almost taking out initial resistance at 10500 as shown on the daily chart here. Since then the crypto has been drifting sideways and it is seen to be trading around 9160 levels at this point in w....

30.06.2020EURUSD, “Euro vs US Dollar”After completing the descending structure at 1.1218 along with the correction towards 1.1251, EURUSD is expected to fall and break 1.1210 and then continue trading downwards to reach 1.1180. Later, the market may return to 1.1218 to test it from below and then fo...

29.06.2020BTCUSD, “Bitcoin vs US Dollar”BTCUSD is trading at 9076.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 9265.00 and then resume moving downwards to reach 8450.00. Ano...

29.06.2020EURUSD, “Euro vs US Dollar”After completing the descending structure at 1.1200, EURUSD is expected to continue the correction and grow to reach 1.1250, at least. Later, the market may form a new descending structure with the target at 1.1150.GBPUSD, “Great Britain Pound vs US Dollar”After ...

First, a review of last week’s events: EUR/USD. COVID-19 continues its second attack on the United States. A new spike in incidence is observed in at least seven states. And in the three most populous states, the number of infected people continues to grow at a record pace, with a spike in deaths d....

26.06.2020BTCUSD, “Bitcoin vs US Dollar”In the daily chart, the situation has remained unchanged for quite a long time. After Bitcoin reached the mid-term 61.8% fibo, there was a divergence but the price failed to start a new downtrend. All attempts to grow are facing strong bearish pressure. The as...

26.06.2020BTCUSD, “Bitcoin vs US Dollar”BTCUSD is trading at 9180.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 9205.00 and then resume moving downwards to reach 8835.00. Ano...

26.06.2020EURUSD, “Euro vs US Dollar”After completing the structure at 1.1192, which may be considered as the third wave, EURUSD has broken its channel to the upside. Possibly, today the pair may correct towards 1.1250 and then may form a new descending structure with the first target at 1.1155.GBPU...

25.06.2020EURUSD, “Euro vs US Dollar”EURUSD continues falling with the predicted target at 1.1181. After that, the instrument may correct towards 1.1244 and then may form a new descending structure to reach 1.1144.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading downwards with the predict...

24.06.2020USDCHF, “US Dollar vs Swiss Franc”USDCHF is trading at 0.9437; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9460 and then resume moving downwards to reach 0.9370. An...

24.06.2020EURUSD, “Euro vs US Dollar”After breaking 1.1280 to the upside and then reaching 1.1345, EURUSD has finished the descending impulse at 1.1300 along with the correction towards 1.1325. Possibly, today the pair may form a new descending structure to reach 1.1260 and then resume continue trad...

23.06.2020EURUSD, “Euro vs US Dollar”After completing the ascending structure at 1.1255, EURUSD is consolidating around this level. Possibly, today the pair may grow to reach 1.1310 and then fall to break 1.1200. Later, the market may continue trading downwards with the target at 1.1100.GBPUSD, “Gre...

22.06.2020EURUSD, “Euro vs US Dollar”EURUSD continues forming the third descending wave towards 1.1100; right now, it is consolidating above 1.1170. Possibly, the pair may correct to reach 1.1220 and then fall towards 1.1155. Later, the market may test 1.1170 from below and then resume trading downw...

First, a review of last week’s events: EUR/USD. The Financial Times reported in a recent article that analysts began to have problems as Forex stopped responding to fundamental factors as before. Against the backdrop of uncertainty in global financial markets, investor risk moods dominate, which ar....

19.06.2020BTCUSD, “Bitcoin vs US Dollar”In the H4 chart, Bitcoin continues falling slowly after the divergence. The structure of the current movement suggests a weak bearish pressure and a possible rising impulse. However, it won’t happen until the price breaks the high at 103.68.40. Despite the fac...

19.06.2020EURUSD, “Euro vs US Dollar”EURUSD has expanded the consolidation range down to 1.1185. Possibly, today the pair may grow to test 1.1222 from below and then resume trading downwards with the short-term target at 1.1100.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD continues forming the t...

18.06.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.1222. Possibly, the pair may expand the range up to 1.1290 and then fall to break 1.1200. Later, the market may continue trading downwards with the short-term target at 1.1160.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD...

Bitcoin looks to breakout Bitcoin has been relatively stable over the last 2 trading sessions after another sharp plunge 3 days ago before support kicked in to keep the price above $9000 and now some analysts are beginning to wonder just how long this support can last. For around 8 months, the world...

17.06.2020EURUSD, “Euro vs US Dollar”After finishing another descending wave at 1.1227, EURUSD is correcting. Possibly, the pair may reach 1.1280 and then fall to break 1.1222. Later, the market may continue trading downwards with the short-term target at 1.1178.GBPUSD, “Great Britain Pound vs US Do...

16.06.2020EURUSD, “Euro vs US Dollar”After finishing the correctional wave at 1.1340, EURUSD is expected to fall towards 1.1307, thus forming a new consolidation range between these two levels. If later the price breaks the range to the downside, the market may form a new descending structure to bre...

15.06.2020EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.1220, EURUSD is correcting towards 1.1307. Later, the market may fall to reach 1.1259 and then grow to complete the correction at 1.1338. After that, the instrument may start a new decline with the target at 1.1200.GBPUSD,...

First, a review of last week’s events: EUR/USD. If someone thought that the United States won COVID-19, they were mistaken. The number of people infected with coronavirus is growing in 21 states, with new highs recorded in 14 of them. Anti-racist demonstrations in the country are likely to further ....

12.06.2020BTCUSD, “Bitcoin vs US Dollar”As we can see in the H4 chart, there haven’t been a lot of changes much after the divergence but they are about to come quite soon. After finishing a two-week ascending correction, BTCUSD has plummeted to update its local lows. Such a movement indicates a pote...

12.06.2020BTCUSD, “Bitcoin vs US Dollar”BTCUSD is trading at 9354.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 9475.00 and then resume moving downwards to reach 8845.00. Anothe...

12.06.2020EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.1313, EURUSD is consolidating below this level. If later the price breaks the range to the upside, the market may resume trading upwards to reach 1.1350; if to the downside – start a new decline with the short-term target ...