Bitcoin has pulled back amid rising US Treasury yields and a stronger dollar, but bullish technical patterns suggest a potential recovery.
Technical Analysis
About Crispus Nyaga
Crispus Nyaga is a Technical Analyst at DailyForex with more than eight years of experience as a financial analyst, coach, and trader. He specializes in technical analysis of major currency pairs and cryptocurrencies, using chart patterns, trend structure, and key indicators to frame trading scenarios for Forex and digital asset markets. Crispus has worked with well-known brokers including ATFX, easyMarkets, and OctaFX, and his market commentary has been published widely on platforms such as Seeking Alpha, InvestingCube, Capital.com, and Invezz.
Areas of Expertise
- Forex trading and major currency pairs such as EUR/USD, GBP/USD, and AUD/USD
- Technical analysis and price action trading
- Cryptocurrency markets including BTC/USD
- Chart patterns such as flags, channels, and triangles
- Trend analysis and moving averages, including EMA and Supertrend-based setups
- Scenario-based trading signals with defined entry, stop-loss, and take-profit levels
Professional Background
- Technical Analyst at DailyForex, publishing regular Forex and crypto signals and forecasts on pairs such as EUR/USD, GBP/USD, AUD/USD, and BTC/USD.
- Financial analyst, coach, and trader with over eight years in the industry, combining market analysis with trader education.
- Experience working with leading brokers including ATFX, easyMarkets, and OctaFX.
- Widely published contributor on platforms such as Seeking Alpha, InvestingCube, Capital.com, and Invezz, where he covers currencies, indices, and cryptocurrencies.
Financial Qualifications
- Extensive hands-on trading and analysis experience across Forex and crypto markets, with a focus on technical setups and risk management.
Education
- Developed his analytical and coaching skills through years of work in financial markets and trader education, building a practical, pattern-based approach to technical analysis.
Media & Industry Features
- Analysis and trading ideas published on well-known financial and trading platforms including Seeking Alpha, InvestingCube, Capital.com, and Invezz.
Podcast & Market Commentary
Crispus provides regular written market commentary at DailyForex, where he explains how chart structures, economic data, and risk sentiment shape opportunities in pairs like EUR/USD, GBP/USD, AUD/USD, and BTC/USD. His signals include clear trade parameters - entry zones, stop-losses, and take-profit levels - so traders can see how technical patterns translate into actionable scenarios.
Trading & Market Philosophy
Crispus’s trading approach is built around technical structures and disciplined risk control, using patterns such as flags, channels, and triangles along with moving averages and indicators like the Supertrend to define bias and invalidation levels. He focuses on mapping bullish and bearish scenarios with clear levels rather than predicting a single outcome, encouraging traders to respect trend, volatility, and key support and resistance zones.
Latest 12 Articles
GBP/USD remains bearish following the FOMC minutes, with a stronger US dollar and rising bond yields weighing on the pound.
Technical Analysis
EUR/USD remains under selling pressure as surging bond yields, European debt concerns and a stronger US dollar weigh on the pair. Bearish technical indicators suggest further downside toward 1.1100, with sellers maintaining control of the broader trend.
Technical Analysis
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AUD/USD has rebounded from 0.6900, but technical indicators suggest the rally is losing strength. The pair could retreat toward 0.6900, while a break above 0.7020 would invalidate the bearish outlook.
Technical Analysis
GBP/USD remains in a broader downtrend, with the pair trading close to crucial support at 1.3172. A decisive break below this level could trigger further downside toward 1.3000, with FOMC minutes and comments from BoE Governor Andrew Bailey in focus.
Technical Analysis
EUR/USD may stage a short-term rebound toward 1.1352 after forming a hammer candle near recent lows. However, the broader trend remains bearish amid European debt concerns and weak technical indicators.
Technical Analysis
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AUD/USD has staged a modest rebound despite a stronger US dollar and weaker iron ore prices. However, bearish technical signals suggest the pair could retreat toward 0.6900.
Technical Analysis
Bitcoin remains technically bullish after confirming a break-and-retest pattern and holding above key support. A breakout above $87,310 could trigger a move toward $90,000.
Technical Analysis
EUR/USD has fallen to a 17-month low as European political and debt concerns intensify. Despite oversold conditions, the broader bearish trend could push the pair toward 1.1000.
Technical Analysis
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AUD/USD is showing signs of a short-term rebound after weak US jobs data reduced expectations for further Fed tightening. The pair could rally toward 0.7050 before potentially resuming its broader downtrend.
Technical Analysis
GBP/USD is showing signs of a potential rebound after weak US economic data reduced expectations for another Fed rate hike. A move toward 1.3350 is possible, with FOMC minutes the next major catalyst.
Technical Analysis
EUR/USD remains under pressure after breaking key support, but a short-term rebound toward 1.1325 is possible. FOMC minutes and PMI data are the next key catalysts.
Technical Analysis
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