The Week Ahead – A crisis of confidence – Orbex Forex Trading Blog

Bitcoin price (BTCUSD) begins today negatively to press on 95820.00$ level, which hints heading to turn to decline in the upcoming sessions, especially that stochastic provides clear negative signals now. Therefore, we will stay aside until we get clearer signal for the next trend, noting that trading above 95820.00$ will revive the positive scenario that…

Towards the end of the week, a lot was going on. Stocks, gold, Majors, and Oil all pulled back. We also had chaos in the cyber world, with Microsoft servers crashing because of an update by Cloudstrike, which affected many businesses across the globe, including airports, hospitals, and Far East countries. Our website has crashed…

Daily Pivots: (S1) 1.2387; (P) 1.2435; (R1) 1.2493; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. Corrective rebound from 1.2099 could still extend higher. But upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, below 1.2331 minor support will turn bias to the downside for…

USD/JPY is still holding near recent highs, but momentum conditions are starting to look more fragile. A bearish Stochastic crossover has appeared while the oscillator remains in overbought territory, a combination that often gets traders’ attention. When these shifts occur near key price areas, follow-through (or lack of it) can become clearer over the next…

On 3 October, we noted that Bitcoin was entering a favourable phase. The market promptly confirmed bullish expectations, as by 6 October BTC/USD rose above $126,000 for the first time. However, as of 9 October, the price sits around $121,000. This may be due to: → a stronger dollar and other fundamental factors; → a…