Day: February 24, 2022
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3498; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3525 and then resume moving downwards to reach 1.3365. Another signal in favour of a further downtrend will […]
Price Shift Coming? GBPCAD price action is catching my eye here. The market has been trading higher within a broad bullish channel over recent months. However, price is now potentially carving out a large double top pattern with strong bearish divergence on momentum studies. The market is now turning lower, about to test the 1.7198 […]
Risk Aversion Seen on ThursdayGlobal markets are in heavy risk-off mode today in response to news of Russia invading Ukraine. News broke in the early hours of the morning that Russia had launched an attack on several front, firing missiles, rolling troops in and deploying troops by air. There have been reports of mass casualties […]
Bitcoin’s correlation with the U.S. equity market could be one reason for its current decline, but Eastern European money destabilization could push BTC as a “crisis” hedge. 2829 Total views 73 Total shares The world woke up to a “sea of red” that was not necessarily limited to the financial markets, as Russia declared war […]
Keurig Dr Pepper Inc. KDP, -1.32% said Thursday its fourth-quarter net income rose to $843 million, or 59 cents a share, from $428 million, or 30 cents a share, in the year-ago quarter. The drink company’s adjusted earnings rose to 45 cents a share from 39 cents a share. Sales increased by 8.7% to $3.39 […]
NFTs have increased their lead over stablecoins and ERC-20 tokens in transfers on the Ethereum network since last July, while WBTC minted on chain has leveled off this month. 1418 Total views 35 Total shares Transfers of nonfungible tokens (NFT) on Ethereum have surpassed transfers of stablecoins and altcoins while the supply of wrapped Bitcoin […]
Shares of Hertz Global Holdings Inc. HTZ, -4.29% fell about 1% in the extended session Wednesday after the rental-car company reported a quarterly loss. Hertz said it lost $260 million, or $1.52 a share, in the fourth quarter, compared with a loss of $289 million, or $1.85 a share, in the year-ago period. Adjusted for […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming an Engulfing reversal pattern close to the support level, USDCAD is reversing and may form a new ascending impulse. In this case, the upside target may be the resistance area at 1.2815. However, an alternative scenario implies that the […]
Type: Bearish DipKey Levels:Resistance: 14372.25Pivot: 13842.25Support: 12724.25Preferred Case: Price has recently broken through a key support level and near pivot level of 14034 in line with 38.2% Fibonacci retracement . Price can potentially dip to the support level of 13624 in line with the horizontal swing low support . Our bearish bias is supported by […]
Type: Bullish ContinuationKey Levels:Resistance: 154’09Pivot: 152’21Support: 151’15Preferred Case: Price is near pivot level of 152’21 in line with 50% Fibonacci retracement. Price can potentially go to the 1st resistance of 154’09 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above the […]