In the ever-evolving world of global finance, currency markets, and cryptocurrencies, the dynamics of exchange rates and digital assets play a pivotal role in shaping economic landscapes. In recent times, the strong EUR, BTC, and ETHEREUM have been on the rise, seemingly gaining strength against the US dollar (USD). This development is not only intriguing but also offers opportunities and challenges for investors and traders alike.

The BTCUSD Performance 

This asset is finally on the move for the traders that have been holding.

We have broken through the 31816.52 and are waiting for the daily close suggesting a strong signal that our higher high has been formed. The outlook on the asset has not changed as it relates to an exit or take profit at point level 42547.38.

The ETHUSD Performance 

This asset is finally on the move for the traders that have been holding. We wait for the 1984.98 level to be broken as previously analysed and still holding with much-gathered patience. The exit on this asset has not changed, we look to the price point of 3061.71.

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The EURCAD Performance 

Both the inner trend and outer trend broke through creating a high and a higher high. Traders must remember that we are trading a correction and not lose sight of the gap on the major levels. Target 1 HIT at price point 1.46053.

Target 2 is set at price point 1.47326. Traders have a choice to hold all the way to target 2 or divide the movement into 2 targets. Breakout at price point 1.45208 is the ideal area we wait for follow-through on another higher high. Please note that this should not be used as advice, but support that can assist clients to make a more informed decision on their own. Risk Management must be applied on a strict basis.

Final Thoughts On Today’s Analysis

In conclusion, the strong EUR, BTC, and ETHEREUM are currently gaining strength against the USD due to various economic and market dynamics. Traders should carefully consider these factors, stay informed, and adopt a diversified approach to navigate this ever-changing financial landscape successfully. While opportunities abound, so do challenges, making it essential to approach the market with caution and strategic planning. Subscribe to our YouTube channel today.