CloseOption Knowledgebase

An overview of important support and resistance levels of the four major currency pairs of the ongoing week.

 

• First key support level of EUR/USD: 1.030414
• Second Key support level of EUR/USD: 1.023
• Third Key support level of EUR/USD: 1.012546
• First key resistance level of EUR/USD: 1.034599
• Second Key resistance level of EUR/USD: 1.04
• Third Key resistance level of EUR/USD: 1.0473

• First key support level of USD/CHF: 0.948917
• Second Key support level of USD/CHF: 0.94
• Third Key support level of USD/CHF: 0.936966
• First key resistance level of USD/CHF: 0.959943
• Second Key resistance level of USD/CHF: 0.969818
• Third Key resistance level of USD/CHF: 0.98379

• First key support level of GBP/USD: 1.188661
• Second Key support level of GBP/USD: 1.177628
• Third Key support level of GBP/USD: 1.164288
• First key resistance level of GBP/USD: 1.1942
• Second Key resistance level of GBP/USD: 1.201
• Third Key resistance level of GBP/USD: 1.228

• First key support level of USD/JPY: 140.655618
• Second Key support level of USD/JPY: 138.87588
• Third Key support level of USD/JPY: 137.641854
• First key resistance level of USD/JPY: 142.240019
• Second Key resistance level of USD/JPY: 143.101404
• Third Key resistance level of USD/JPY: 145.071236

 

The puzzle of the Bitcoin movement in late 2022

 

As mentioned in the previous analysis of Bitcoin in 11.10.2022, considering the heavy wave of sales and negative analyzes in the market, however, the potential for the price to rise and progress was likely. In the end, the price managed to achieve two resistance levels which were 16,887 and 18,000 dollars. In the current conditions, in long-term periods such as monthly, due to the dominance of the downward trend and the presence of fundamental negative news, as well as the hesitation and fear of traders to enter the purchase, in case of threat and loss of the important support level of $15,500, the price, in the first step, will have the potential to fall and reach the important support level of $14,000. (Warning for all mid-term and long-term traders)

In the opposite scenario and according to the technical aspect, despite strong negative fundamental news for Bitcoin and many negative analyses by analysts to reduce the price further, if the support level of $15500 is maintained, Bitcoin still tends to correct and rise. In the weekly time frame, in the previous candle, there is a Star candlestick pattern that indicates the equality of supply and demand between traders and indicates the possibility of a change in the direction of the trend. Regarding the recent falls, prices in long-term time frames such as Monthly and weekly are oversold and indicate the potential for weak correction and growth during the following candles. If the buyers are successful and the price increases, the price targets of the traders are the resistance levels of $16,900 and $18,000.

 

CloseOption Team

www.closeoption.com

Join Us to Learn How to Succeed in Your Trading person_addRegister

Related Posts

An overview of the status of Cardano digital currency

An overview of the status of Cardano digital currency

Cardano digital currency – An overview of important support and resistance levels of the four major currency pairs of the ongoing week.   • First key support level of EUR/USD: 1.03284 • Second Key support level of EUR/USD: 1.02244 • Third Key support level of EUR/USD: 1.01276 • First key resistance level of EUR/USD: 1.03916 …

USD/CHF Technical Analysis

USD/CHF Technical Analysis

• First key support level of EUR/USD: 1.036869 • Second Key support level of EUR/USD: 1.028042 • Third Key support level of EUR/USD: 1.015282 • First key resistance level of EUR/USD: 1.043999 • Second Key resistance level of EUR/USD: 1.060967 • Third Key resistance level of EUR/USD: 1.076833 • First key support level of USD/CHF: …

Bitcoin’s internal problem and a strong fall!

Bitcoin’s internal problem and a strong fall!

BITCOIN NEWS – An overview of important support and resistance levels of the four major currency pairs of the ongoing week.   • First key support level of EUR/USD: 0.997668 • Second Key support level of EUR/USD: 0.990133 • Third Key support level of EUR/USD: 0.975609 • First key resistance level of EUR/USD: 1.008833 • …

EUR/USD and a point to return!

EUR/USD and a point to return!

• First key support level of EUR/USD: 0.985867 • Second Key support level of EUR/USD: 0.975609 • Third Key support level of EUR/USD: 0.963151 • First key resistance level of EUR/USD: 1 • Second Key resistance level of EUR/USD: 1.008833 • Third Key resistance level of EUR/USD: 1.019576 • First key support level of USD/CHF: …

Add your Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comments