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BTC/USD Breakout of Ascending Triangle Pattern – Profit Takers Looms!

August 18, 2020 6:37 am
  The BTC/USD traded sharply bullish to violate the ascending triangle pattern at 12K mark and traded precisely in line with our Monday’s forecast to test 12,400 level. For now, the BTC/USD prices can drop amid profit taking by exhausted bulls. Checkout the Bitcoin price forecast in video analysis above. Read more

Gold on Fire – Boosted Safe Haven Appeal in Play!

August 18, 2020 6:12 am
  The precious metal gold soared sharply to hit our target level of 1,994 amid boosted safe-haven appeal. The investors are feeling uncertain about the U.S. economic growth in the wake of an increased number of COVID19 cases and upcoming FOMC meeting minutes, which may dispense a dovish stance. Check out gold forecast video analysis […] Read more

GBP/JPY Violates Upward Trendline – Quick Trade Setup!

August 17, 2020 12:37 pm
  The Japanese cross pair GBP/JPY is trading sharply bearish amid weaker GBP and stronger JPY. The safe-haven pair has already violated upward trendline support 139.490, and now the same level is working as a resistance. The GBP/JPY may gain support and bounce off soon. Check out a quick video analysis to learn more about […] Read more

BTC/USD Consolidates In Narrow Ranges – Brace for Ascending Triangle Breakout

August 17, 2020 9:30 am
  On Monday, the leading cryptocurrency pair BTC/USD price is trading sideways between 11,670 to 11,926. It seems like; the traders are looking for a solid fundamental reason to trigger a breakout. Well, the Bitcoin has formed an ascending triangle pattern that typically breakout on the higher side. Check out our daily Bitcoin forecast video […] Read more

Gold Choppy Session Continues – What Next to Expect?

August 17, 2020 9:26 am
  On Monday, the precious metal gold consolidates in a narrow trading range of 1,932 – 1,959. Lack of market-moving fundamentals, an extension of U.S. China Phase 1 trade deal review, and an upcoming FOMC Meeting Minutes are keeping trading in the phase of indecision. Gold is likely to follow the technical side of the […] Read more