Bitcoin, Litecoin, Ethereum Analysis: BTC and LTC Attempting Recovery, ETH at Risk?
2021-04-29 04:00:00
Daniel Dubrovsky,
Strategist
Bitcoin (BTC/USD), Litecoin (LTC/USD), Ethereum (ETH/USD), Technical Analysis – Talking Points
Bitcoin is attempting to reverse a drop that cut 20% off its value
Litecoin trying to follow suit, key trendline maintains upside focus
Ethereum pushes into record highs, but momentum appears fading
Bitcoin Technical Outlook
Bitcoin is attempting to recover the top that started in April which trimmed over 20% off its value. The dip followed bearish implications from a brewing Rising Wedge chart pattern, which still remains in play. Recent gains followed a bounced from the 100-day Simple Moving Average and the midpoint of the Fibonacci retracement at 46815.50.
The Bank of Japan’s upgraded GDP forecasts pushed JPY higher against USD however, the central bank’s dovish stance and a slew of coronavirus restrictions will likely keep the currency on the back f.
US Dollar Outlook Still Bearish: USD/SGD, USD/THB, USD/IDR, USD/PHP dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Euro Technical Analysis: EUR/USD, EUR/AUD, EUR/NZD, EUR/JPY Chart Setups
2021-04-22 03:00:00
Thomas Westwater,
Analyst
Euro Technical Forecast – Talking Points
EUR/USD maintains bullish posture as 1.2000 psychological level offers support
EUR/AUD supported by moving average within a recently formed Rising Wedge
EUR/JPY rangebound trading may continue but downside path appears more likely
EUR/NZD’s Ascending Wedge pattern may lead to a reversal following downtrend
EUR/USD Technical Breakdown
Since breaking out of a Falling Wedge pattern earlier this month, EUR/USD has made significant progress, breaching above the psychologically imposing 1.200 level earlier this week. Now, the 1.2 handle appears to be providing a degree of support. The highly liquid currency pair is trending over 2.5% higher on the month following three consecutive monthly losses.
US Dollar Outlook Still Bearish: USD/SGD, USD/THB, USD/IDR, USD/PHP
2021-04-22 05:00:00
Daniel Dubrovsky,
Strategist
US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis
US Dollar outlook remains bearish against ASEAN currencies
USD/SGD eying January lows? USD/THB still appears wobbly
USD/IDR and USD/PHP facing downside technical warnings
Singapore Dollar Technical Outlook
The US Dollar extended declines against the Singapore Dollar since last week, as anticipated. USD/SGD pierced the 1.3375 – 1.3389 inflection zone, confirming the breakout. Now, the 50-day Simple Moving Averaged could cross above the 20-day, forming a bearish crossover. That may precede further losses, opening the door for the pair to retest the 1.3158 – 1.3189 support zone established earlier this year. In the event of a material turn higher however, keep an eye on what may be a falling trendline from March – see chart below.