Recent content by HubuFX

GBPJPY Recent Decline: A Technical Perspective The GBPJPY currency pair is currently hovering around the 184.81 mark. This comes after a noticeable break in the rising trendline, a development that was somewhat expected. The reason for this anticipation was the RSI indicator, a tool used by...

Bitcoin's Double Bottom Pattern: A Sign of Hope? Bitcoin is back in a key area of support, which ranges from 28,484 to 28,266. This happened after the bulls failed to overcome the strong resistance at 30,000. This point is not just a pivot point, but also a level that carries a lot of...

Navigating the XAUUSD Downtrend: Key Levels to Watch The XAUUSD, or gold price, has been on a downward trend. This happened after the upward trendline was broken. The decline in gold prices slowed when it reached a significant support level at $1894.6, which is just below the 50% mark of the...

GBPUSD Analysis From Daily to 4-Hour Charts Upon a detailed examination of the GBPUSD daily chart, it's evident that the trend has shifted sideways following the pair's break from the upward channel. The resistance zone is currently situated at 1.26, a critical level that the market must...

EURUSD Trading Below Middle Line of Declining Channel The EURUSD currency pair is currently experiencing a downward trend, trading below the middle line of the declining channel at approximately 1.0920. The bears have managed to close under the 1.0915 support level, and the market is now...

GBPJPY Sets for Gains as Bears Offer Little Resistance The GBPJPY currency pair has recently closed above the key resistance level of 183.26, indicating that a rise is imminent. In fact, the pair is now poised to test the second weekly resistance at 184.28. Furthermore, there appears to be...

Bullish Outlook for Bitcoin After Channel Break Recently, Bitcoin broke through its channel and tested the significant $30,000 psychological level. After this break, the outlook for Bitcoin has become increasingly bullish. In fact, the BTCUSD pair has returned to test the broken channel in the...

EURUSD May Break the Channel as RSI Indicator Crosses Signal Line The EURUSD currency pair has recently responded to the support level at 1.093. It is now testing the weekly pivot at 1.099, which coincides with the upper band of the declining channel in the 4-hour time frame. The RSI indicator...

USDJPY Surges Towards Previous High The USDJPY currency pair recently experienced a bounce from the 0.382 Fibonacci retracement level. This bullish wave was initiated by a long wick shadow candlestick pattern in the 4-hour time frame. As a result, the pair is now surging towards its previous...

Bitcoin Analysis: Key Levels to Watch The BTCUSD is currently trading above the 28,099 support level within a declining channel. Despite the bearish channel, the overall outlook for Bitcoin remains bullish. However, in order for this bullish trend to continue, the bulls must break out of the...

XAUUSD Bulls Must Hold Above Trend Line and $1,916 The XAUUSD pair is currently trading above an ascending trend line, hovering around $1941. Gold faces minor resistance at $1,951, which serves as a pivot point for the market to potentially shift from a bearish to a bullish bias. If gold can...

EURUSD: Downtrend Continues, But Bulls Have a Chance at R2 The EURUSD pair is trading in a downtrend and has broken below the 55 Moving Average and the pivot line at 1.099. This suggests that the decline is likely to continue, with the next target being S1 at 1.093 and S2 at 1.086. These levels...

AUDUSD: Is the Uptrend Over? The AUDUSD currency pair is currently trading at around 0.6549. Recently, the pair bounced off the resistance level at 0.6589 and formed a doji candlestick pattern on the 4-hour time frame. This pattern suggests a bearish bias in the market. It is important to note...

USDCAD Resistance at 1.3386, Bounce to 1.332 Possible On August 2, the USDCAD pair broke out of its channel and surged higher after retesting it. It is currently trading near the resistance at July’s higher highs of 1.3386, which also coincides with the 50% Fibonacci retracement level. The RSI...

GBPUSD Tests 1.26 Support, Bulls Ready for Reversal The GBPUSD currency pair is currently trading below the broken trendline, around 1.2696. At the moment, the bears are testing the support area, which extends from 1.2681 to 1.26. This support zone is clearly shown in green on the GBPUSD daily...