EUR/USD, Technical Analysis – H1
The downward technical correction phase appears to have concluded, enabling buyers to actively develop a new upward trending swing.
The downward technical correction phase appears to have concluded, enabling buyers to actively develop a new upward trending swing.
Bitcoin (BTC/USD) trades at 62,900 this Friday morning, retracing from its mid-week breakout attempt as political friction in Washington dampens speculative momentum.
Brent Crude trades at 82.95 this Friday morning, consolidating for a fourth consecutive session within the 83.00 to 85.00 corridor.
A large “bull flag” continuation pattern has formed, signaling strong potential for further upside.
The pair delivered a strong upward impulse, followed by a fairly intensive local correction.
Bears predictably demonstrated strength at the first significant psychological resistance level of $65,000.
The pair is approaching a decisive moment. The triangular consolidation range is nearly filled.
The pair is currently testing the medium-term downtrend line, which is likely to trigger a downward reversal.
Bitcoin (BTC/USD) trades at 64,825 this Thursday morning, holding its ground as the broader market weighs near-term institutional demand against long-term historical cycles.
Brent Crude trades at 83.86 this Thursday morning, pulling back slightly after spiking above 85.00 but maintaining a strong 13% gain on the week.
Bulls failed to update the upper structural high, shifting the market into either a consolidation phase.
Natural gas is forming a “double bottom” pattern, which could serve as the foundation for a more significant reversal formation (such as an inverted Head and Shoulders).
The pair continues to consolidate inside a narrowing triangular pattern between 162,000 and 162,400. It is likely to remain within this range.
Bitcoin (BTC/USD) trades at 64,806 this Wednesday morning, staging a powerful breakout from its two-week consolidation phase.
Technically, the pair is not in a clear trend. It continues to update structural extremes with each price swing.