Wise Technical Analysis Articles
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Bitcoin is drifting sideways again as it tests support just below the $46000 mark. The crypto is seen to be trading around $46300 level at the time of writing as bulls prepare to be back in control.
Gold has rallied through $1815-16 levels after carving a potential bottom around $1798 mark on Tuesday. The yellow metal could still drop through $1780-85 zone before resuming higher again.
Gold prices dropped through $1773 lows on Thursday before finding support again. The drop from $1793 was in-line with price action of a gartley.
The US dollar index might have carved a lower high around 96.50 mark on Tuesday. The index dropped through 95.80 levels on Wednesday before finding some support.
EURUSD seems to be on the verge of breaking out of the triangle consolidation above 1.1383 mark. The single currency pair reached 1.1386 early on Monday before pulling back.
EURUSD dropped to 1.1225-30 zone on Tuesday before finding support. The drop was in-line with expectations and might have completed a lower degree corrective wave 2.