EUR/GBP technical analysis shows that a head-and-shoulders pattern has recently been invalidated. A bearish reversal may still take place, as upside momentum still remains fairly weak.
Tesla stock technical analysis highlights that upside momentum is starting to fade. The daily time frame continues to show that a major bullish breakout is in play while price trades above the $950.00 level.
US 30 technical analysis indicates that sellers are gaining traction after the recent bearish reversal. Medium-term sellers are in control while price trades under the 26,400 level.
Crude oil price analysis indicates that bulls remain in full control while price trades above the $40.50 level. Key upcoming resistance is found around the $42.00 level.
Ethereum price analysis indicates that buyers are increasingly gaining control of the cryptocurrency. A powerful breakout could take place if the $250.00 level is broken.
USD/CAD technical analysis shows that price is testing towards a key former breakout zone. A broadening wedge pattern indicates the pair could range trade between the 1.3470 and 1.3800 levels.
Crypto Index analysis highlights that further gains towards the 48,000 level appear possible over the short-term. The 57,000 level is seen as the wider bullish target.
Silver technical analysis shows that a bearish head and shoulders pattern remains in play across the lower time frames. Further upside seems likely while price trades above the $17.50 level.
US Dollar Index technical analysis highlights that a bullish reversal pattern has taken shape. Bulls could be preparing to rally the greenback towards the 99.00 level.
Ripple analysis shows that the bulls need to continue to defend the $0.1800 support level to avoid a drop towards the $0.1500 area, and possibly even lower.
USD/JPY technical analysis over the medium-term shows that the pair could bounce back towards the 109.00 level if selling pressure remains weak below the 107.00 level.
GBP/USD technical analysis indicates that the pair has broken an important support level. Traders are likely to sell any rallies back towards the 1.2500 resistance area.
AUD/USD technical analysis indicates that a bearish correction is in progress. More weakness in the pair should be expected while price trades below the 0.6858 resistance area.
Nikkei 225 technical analysis highlights that the index is trapped within a large rising price channel. If bulls can defend the 22,200 then a rally towards the top of the price channel remains possible.
EUR/USD analysis points to more downside in the pair, following another heavy upside rejection. The 1.1060 level is seen as a possible bearish target.