FxNews.me — Latest Technical & Fundamental Analysis

[FxNews]

EUR/JPY Downtrend Risks October Low Revisit

FxNews—EURJPY remains bearish under the 165.0 pivot, targeting the 162.9 Fibonacci support. The next bearish target will likely be the 162.9.

[FxNews]

Watch Silver as It Approaches $30.7 Resistance

Silver remains oversold but is nearing the $30.7 resistance level, gaining upward momentum as indicated by the Stochastic's move out of the oversold territory.

The trend outlook will stay bearish as long as silver prices remain below the October 17 low of $31.35. Should silver close above the immediate resistance at $30.76, it might aim to test the 50-period simple moving average as its next resistance.

[FxNews]

Natural Gas Prices Dip to $2.4 After EIA Report Surprise

NATGAS dipped as reports show a surplus in the Natural Gas reserves and a warmer weather forecast for November. The stochastic is oversold, which could cause the Natural Gas price to target $2.56. A dip below the 50-SMA invalidated the bullish outlook.

[FxNews]

GBPJPY Poised to Break 198 Amid Japanese Stock Dip



GBP/JPY is nearing a pivotal breakout at 198.45 resistance, with the potential to retest the October high of 200.0 as the next target.

[FxNews]

Support at $80 Spurs Litecoin's Bullish Push to $90


Litecoin remains bullish, with the November 11 high at $80.4 as key support. If this support continues to hold, #LTCUSD prices aim for a $90 target.

[FxNews]

Watch Ethereum as It Nears Crucial $3120 Support.

If ETHUSD prices stabilize below $3,190, Ethereum, backed by the 50-SMA, could face a downturn to $3030.

[FxNews]

Gold Breaks $2,600 Support Amid $809M ETF Outflows

Gold has broken the $2,600 support as ETFs poured $809 million in November. Meanwhile, the market seems oversold. The next bearish target could be $2,560 after minor consolidation.

[FxNews]

Silver Remains Bearish Below $31 as Solar Demand Dips

Silver's downtrend is boosted by lower demand for China's solar panels. XAG/USD has tested the bearish FVG. The trend will remain bearish below $31.35, with the next target at $30.10.

[FxNews]

Expect Oil Consolidation Above $66.8 Post Dip

Crude Oil downtrend resumed after it tested the Fair Value Gap at $69. Due to Stochastic's oversold signal, we expect Oil to consolidate above $66.8.

[FxNews]

NATGAS Momentum Builds Toward $2.84



NATGAS tested the $2.55 resistance and bullish fair value gap in today's trading session. Consequently, the uptick momentum resumed above the resistance while the technical indicators signaled a weakening bear market.

From a technical perspective, the next bullish target could be the $2.84 mark if the immediate resistance at $2.55 holds.