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EUR/USD Analysis – June 15, 2021

Bullish Retracement in Play

The EUR/USD closed at $1.2106 after placing a high of $1.2196 and a low of $1.2092. EUR/USD currency pair extended its losses on Friday and dropped to its lowest since May 14 on the back of rising strength in the U.S. dollar. The EUR/USD currency pair faced pressure on Friday amid…

https://longhornfx.com/articles/eur-usd-analysis-june-15-2021/
Gold – XAU/USD Analysis – June 15, 2021

U.S. Core Retail Sales in Focus!

Gold was closed at $1868.60 after placing a high of $1875.85 and a low of $1846.20. Gold extended its decline on Monday and reached its lowest level since May 17 amid the strength in the U.S. dollar. Yellow metal-faced heavy pressure and dropped to its lowest in a month…

https://longhornfx.com/articles/gold-xau-usd-analysis-june-15-2021/
BTC/USD Analysis – June 16, 2021

Bitcoin Heading towards 38.2% Fibo Level

The BTC/USD was closed at $40139.0 after placing a high of $40708.8 and a low of $39726.0. After rising sharply for two consecutive sessions, BTC/USD reversed its course on Tuesday and placed minor losses for the day. The losses in bitcoin could be a price correction or profit-taking, but…

https://longhornfx.com/articles/btc-usd-analysis-june-16-2021/
EUR/USD Analysis – June 16, 2021

Big Day -Eyes on FED Monitory Policy Meeting

The EUR/USD was closed at $1.2124 after placing a high of $1.2149 and a low of $1.2100. EUR/USD posted minor gains on Tuesday and remained green for the second consecutive session. During the early trading session, the EUR/USD remained higher, but after the release of U.S. macroeconomic…

https://longhornfx.com/articles/eur-usd-analysis-june-16-2021/
Gold – XAU/USD Analysis – June 16, 2021

FOMC & FED Rate Decision in Highlights!

Gold prices were closed at $1859.45 after placing a high of $1870.85 and a low of $1853.10. Gold dropped for 3rd consecutive session on Tuesday and remained consolidated in a tight range ahead of the U.S. Federal Reserve meeting expected to indicate the tapering of asset purchases. However,…

https://longhornfx.com/articles/gold-xau-usd-analysis-june-16-2021/
BTC/USD Analysis – June 17, 2021

Symmetrical Triangle Pattern Retest

The BTC/USD was closed at $38332.0 after placing a high of $40394.0 and a low of $38332.0. BTC/USD extended its losses on Wednesday and dropped for the second consecutive session amid various negative developments in the market along with the strong comeback in the U.S. dollar. A professor of applied economics…

https://longhornfx.com/articles/btc-usd-analysis-june-17-2021/
EUR/USD Analysis – June 17, 2021

Euro’s Deep Dive – Hawkish FOMC In-Play

The EUR/USD was closed at $1.1994 after placing a high of $1.2135 and a low of $1.1993. The EUR/USD currency pair fell sharply on Wednesday and reached its lowest level since May 5 amid the strong comeback in the U.S. dollar after the FOMC statement. The U.S. dollar…

https://longhornfx.com/articles/eur-usd-analysis-june-17-2021/
Gold – XAU/USD Analysis – June 17, 2021

Hawkish FOMC Triggers Sell-off in Gold

Gold prices were closed at $1819.70 after placing a high of $1865.25 and a low of $1805.05. Gold extended its losses for the 4th consecutive session on Wednesday and reached its lowest level since 6th May on the back of a strong pullback in the U.S. dollar. The U.S.…

https://longhornfx.com/articles/gold-xau-usd-analysis-june-17-2021/
BTC/USD Analysis – June 18, 2021

Upward Channel Support

The BTC/USD was closed at $38061.0 after placing a high of $39324.0 and a low of $37733.7. Bitcoin extended its losses and continued its bearish streak for three sessions amid various negative developments surrounding cryptocurrencies. On Wednesday, the Finance Minister of El Salvador said that the country had sought technical assistance from…

https://longhornfx.com/articles/btc-usd-analysis-june-18-2021/
ETH/USD Analysis – June 18, 2021

Symmertical Triangle Pattern

The ETH/USD was closed at $2610.65 after placing a high of $2610.65 and a low of $2461.43. After declining for two consecutive sessions, ETH/USD rose and posted slight gains on Wednesday. Most of the bullish trend triggered amid the prevailing improved market sentiment driven primarily by upbeat bitcoin prices. Lately, the Ethereum…

https://longhornfx.com/articles/eth-usd-analysis-june-18-2021/
Gold – XAU/USD Analysis – June 18, 2021

Gold Completes 61.8% Fibonacci Retracement!

Gold prices were closed at $1777.05 after placing a high of $1826.20 and a low of $1768.00. Precious metal extended its losses for the 5th consecutive session on Thursday and reached its lowest level since April 30. Gold slipped by more than 2% on the day and reached below the…

https://longhornfx.com/articles/gold-xau-usd-analysis-june-18-2021/
BTC/USD Analysis – June 21, 2021

Double Bottom Breakout, Upward Channel Support

The BTC/USD was closed at $35631.0 after placing a high of $35966.0 and a low of $33725.0. Bitcoin continued its decline for the 6th consecutive session and reached below the $34000 level on Sunday amid various negative developments around the market. A professor of economics from Cornell University and…

https://longhornfx.com/articles/btc-usd-analysis-june-21-2021/
EUR/USD Analysis – June 21, 2021

ECB President Lagarde Speech Ahead!

The EUR/USD closed at $1.1860 after placing a high of $1.1926 and a low of $1.1846. EUR/USD dropped to its lowest level since April 6 after continuously declining for three consecutive days. The strength in the U.S. dollar caused the steep fall in EUR/USD currency pair amid the latest hawkish…

https://longhornfx.com/articles/eur-usd-analysis-june-21-2021/
Gold – XAU/USD Analysis – June 21, 2021

Gold Completes 61.8% Fibonacci Retracement!

Gold closed at $1769.00 after placing a high of $1797.90 and a low of $1761.20. Gold extended its loss and continued its bearish streak for the 6th consecutive session and dropped to its lowest level since 28th April. The worst week suffered by gold since the coronavirus outbreak of 2020.…

https://longhornfx.com/articles/gold-xau-usd-analysis-june-21-2021/
BTC/USD Analysis – June 22, 2021

Bitcoin Supported Over Triple Bottom $31K

The BTC/USD was closed at $31761.0 after placing a high of $35631.0 and a low of $31475.0. Bitcoin fell below the $32,000 level on Monday and continued its bearish streak for the 6th consecutive session amid China’s intensified crypto mining crackdown. As a result, BTC/USD fell below the $32,000…

https://longhornfx.com/articles/btc-usd-analysis-june-22-2021/
EUR/USD Analysis – June 22, 2021

Fed Chair Powell Testifies Ahead!

The EUR/USD was closed at $1.1912 after placing a high of $1.1921 and a low of $1.1848. EUR/USD recovered some of its previous losses on Monday as buying interest in the currency pair remained well and sound. The EUR/USD currency pair extended its rebound from the multi-week lowest level near…

https://longhornfx.com/articles/eur-usd-analysis-june-22-2021/
Gold – XAU/USD Analysis – June 22, 2021

U.S. Fed Chair Powell Testimony in Highlights!

Gold was closed at $1783.65 after placing a high of $1787.45 and a low of $1766.35. After falling for six consecutive sessions, gold reversed its course and recovered a minor portion of its massive decline encountered last week. A minor recovery from its biggest weekly percentage drop since…

https://longhornfx.com/articles/gold-xau-usd-analysis-june-22-2021/
BTC/USD Analysis – June 23, 2021

Triple Bottom Bounce-Off – What’s Next?

The BTC/USD was closed at $32,553 after placing a high of $33,300 and a low of $29,927. Bitcoin prolonged its decline and dropped below $30,000 on Tuesday. However, it managed to recover a minor portion of its losses and reversed its track. Bitcoin fell to its lowest since the…

https://longhornfx.com/articles/btc-usd-analysis-june-23-2021/
GBP/USD Analysis – June 23, 2021

Series of Manufacturing & Services PMI in Focus!

The GBP/USD was closed at $1.3947 after placing a high of $1.3965 and a low of $1.3860. GBP/USD extended its gains on Tuesday and reached near the $1.40 level after the U.S. dollar came under pressure amid Powell’s testimony and the strengthened GBP. The U.S. Dollar Index…

https://longhornfx.com/articles/gbp-usd-analysis-june-23-2021/
Gold – XAU/USD Analysis – June 23, 2021

Eyes on U.S. Manufacturing and Services PMI

Gold was closed at $1777.80 after placing a high of $1790.15 and a low of $1772.25. Gold dropped on Tuesday as traders awaited testimony from the Federal Reserve chairman, Jerome Powell, for additional clarity on monetary policy following the central bank expressed a hawkish tone last week. Last…

https://longhornfx.com/articles/gold-xau-usd-analysis-june-23-2021/