Day: January 24, 2022
The Russian ruble RUBUSD, -0.98% fell Monday to the lowest level since Nov. 2020 on concerns the country will invade Ukraine and trigger U.S. sanctions. One ruble fetched as low as 0.012774 dollars, down from $0.012888. Source: Marketwatch
XAUUSD, “Gold vs US Dollar” As we can see in the daily chart, XAUUSD is still forming another rising wave within the uptrend and may soon reach 50.0% fibo. Later, the pair is expected to continue the uptrend to reach 61.8% and 76.0% fibo at 1908.00 and 1969.50 respectively. The key support remains at the […]
EURUSD, “Euro vs US Dollar” After completing the ascending impulse at 1.1359, EURUSD is correcting towards 1.1330, thus forming a new consolidation range between these two levels. If later the market breaks the range to the upside, the price may form one more ascending structure towards 1.1400 or even reach the target at 1.1427; if […]
Type: Bullish BounceKey Levels:Resistance: 95.983Pivot: 95.532Support: 95.413Preferred Case:Prices are on bullish momentum and consolidating in a triangle pattern. We see the potential for further bullish continuation towards our intermediate resistance at 95.984 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Breaking the intermediate resistance could find prices going higher towards our 1st resistance […]
Type: Bullish BounceKey Levels:Resistance: 114.233Pivot: 113.61Support: 113.473Preferred Case:Prices are consolidating in a triangular pattern. We see the potential for a bounce from our Pivot at 113.61 in line with our ascending trendline support towards our 1st resistance at 114.233 in line with 50% Fibonacci retracement and 23.6% Fibonacci retracement. RSI is at level where bounces […]
Bitcoin (BTC) fell close to $34,000 on Jan. 21, which reflects a 50% decline from the $69,000 all-time high made on Nov. 10, 2021. Altcoins also could not buck the trend and faced intense selling pressure, which pulled the total crypto market capitalization to $1.6 trillion, a 46% decline from its November 2021 all-time high […]
