Day: March 4, 2022
If Western sanctions ramp up, CEXs may be forced to ban all Russian users from using their services, as they have previous done in Iran. 1338 Total views 13 Total shares Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients […]
Oil futures climbed on Friday, with U.S. prices ending at their highest in more than 13 years, as Russian’s invasion of Ukraine, and Western nations’ sanctions on Moscow in retaliation, threaten to disrupt global crude supplies. Oil prices have been “a one-way market, but the potential return of Iranian crude supplies could provide much relief […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 7/8 and then continue moving upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks the support at 6/8 […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the upside target may be at 1.1100. However, an alternative scenario implies that […]
Oil Prices Rise 5%.. Brent Crude Is Above $115 Oil prices consolidated their gains by about 5% during trading on Friday, with Brent crude rising above $115, amid fears of Western sanctions that could hamper Russian oil exports, outweighing the possibility of an increase in Iranian supplies. Global stocks fell, and oil prices rose amid […]
Type: Bearish ReversalKey Levels:Resistance: 115.597Pivot: 115.491Support: 115.119Preferred Case:Prices are abiding to a daily ascending trendline. We see the potential for further bearish continuation from our Pivot in line with 38.2% Fibonacci retracement towards our 1st support at 115.119 in line with 61.8% Fibonacci extension. RSI is close to levels where dips previously occurred, supporting our […]
Type: Bearish ReversalKey Levels:Resistance: 98.486Pivot: 98.104Support: 97.411Preferred Case:Prices are at a key resistance at our pivot at 98.104 which is an area of Fibonacci confluences. We see the potential for a short pullback from our Pivot at 98.104 in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and 161.8% Fibonacci Projection towards our 1st support […]
• EURCHF broke support area• Likely to fall to support level 1.000 EURCHF continues to fall after the earleir breakout of the support area located between the key support level 1.0200 and the support trendline of the daily down channel from last September. The breakout of this support area accelerated the active impulse waves 3 […]
The difficulty adjustment for Bitcoin mining posted its first negative adjustment for 2021, dropping 1.5%. 5904 Total views 52 Total shares For the first time since November 2021, the Bitcoin (BTC) mining difficulty adjustment has dropped, correcting 1.49%. The move follows a succession of six consecutive positive difficulty adjustments, in which the mining difficulty and […]
The Dow finished nearly 200 points lower Friday, capping another rough week on Wall Street as Russia expanded its war in Ukraine to the nation’s south and igniting a fire Friday at Europe’s largest nuclear power plant. The blaze now has been extinguished, but not before it sparked fears that an intensifying conflict in Eastern […]
