Day: March 10, 2022
EURUSD, “Euro vs US Dollar” After breaking 1.0940 to the upside and completing the ascending wave at 1.1093, EURUSD is falling towards 1.1017. Later, the market may form one more ascending structure to reach 1.1060 and then resume falling with the target at 1.0940. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the correction […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 5/8, break it, and then continue growing to reach the resistance at 6/8. However, this scenario may be […]
The German city of Hamburg intends to become the green hydrogen center in Europe, consolidating its position as a leader in the field of hydrogen. Within this framework, the Hamburg Ministry of Economy and Innovation presented its green hydrogen import strategy, including an action plan to pave the way for the large-scale import of hydrogen […]
Type: Bullish BounceKey Levels:Resistance: 19.89Pivot: 18.86Support: 18.31Preferred Case:We see the potential for bullish bounce from our Pivot at 18.86 in line 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards our 1st resistance at 19.89 in line with 161.8% Fibonacci extension, along with a graphical swing high. Our bullish bias is further supported by prices trading […]
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week in oil. On the back of recent sales, the uptick in upside exposure last week reflects the higher outlook for oil prices in the wake of Russia invading Ukraine. The violence in Ukraine has […]
• Alibaba broke support level 100.00• Likely to fall to support level 80.00 Alibaba recently broke the round support level 100.00 standing close to the support trendline of the daily down channel from the middle of January. The breakout of the support level 100.00 accelerated the active impulse waves (v) and 3 of the intermediate […]
• Amazon reversed from support area• Likely to rise to resistance level 3100.00 Amazon recently reversed up from the support area located between the key support level 2700.000 (previous monthly low from January) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Long-legged Doji, which stopped the previous […]
Christopher Wray cited the FBI’s recent work in seizing large amounts of crypto as evidence there were vulnerabilities in using digital assets to get around sanctions. 1971 Total views 38 Total shares Christopher Wray, the director of the Federal Bureau of Investigation, said that fiat was a more likely avenue for Russia to explore in […]
U.S. Treasury Secretary Janet Yellen on Thursday said officials “will continue to consider and discuss further sanctions that will really deprive Russia of the resources that they need to conduct war.” Speaking during a CNBC interview about the Western response to Russia’s invasion of Ukraine, she said: “We have put in place and could expand […]
Bitcoin (BTC) reversed in classic fashion on March 10 after bulls failed once again to hold higher levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bart‘s back on the Bitcoin chart Data from Cointelegraph Markets Pro and TradingView showed BTC/USD forming a characteristic “Bart Simpson” retracement pattern overnight on Wednesday. The pair had managed to […]
