Day: April 4, 2022
Type: Bullish BounceKey Levels:Resistance: 108.15Pivot: 99.38Support: 93.88Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our pivot at 99.38 which is a graphical overlap and in line with 78.6% Fibonacci Projection towards our 1st resistance at 108.15 in line with 50% Fibonacci retracement . Alternative Scenario:Alternatively, price may break our […]
Type: Bullish BounceKey Levels:Resistance: 25.010Pivot: 24.680Support: 24.565Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 24.680 in line with 78.6% Fibonacci Projection towards our 1st resistance at 25.010 in line with 61.8% Fibonacci Projection . Our bullish bias is further supported by RSI being on bullish momentum.Alternative […]
More than half of respondents in India, Brazil and Hong Kong made the first purchase of a cryptocurrency like Bitcoin in 2021. 1396 Total views 44 Total shares The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to […]
Exxon Mobil Corp. XOM, +0.64% said Monday it is working to discontinue operations at a Russian project but may have to impair its investment up to the full book value of $4 billion. “In light of the ongoing situation in Ukraine and the resulting sanctions on Russia, the Company is proceeding with efforts to discontinue […]
Coinbase Ventures will conduct an in-person pitching event in Bengaluru to help accelerate India’s financial inclusion goals via crypto and Web3 investments. 595 Total views 22 Total shares Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person […]
Starbucks SBUX, +0.57% on Monday said it will suspend its stock repurchasing program, effectively immediately, as Howard Schultz returns to the company as chief executive. “This decision will allow us to invest more into our people and our stores – the only way to create long-term value for all stakeholders,” said Schultz in a statement. […]
Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000. In what will seem like some serious deja-vu for hodlers, BTC/USD is at practically the same level it was on Jan. 1, 2022. Price action has been quiet — too quiet, perhaps […]
On Tuesday 8 March 2022, the London Metal Exchange (the LME) suspended nickel trading, having concluded a disorderly market had arisen. Nickel trading resumed on the LME on Wednesday 16 March. The suspension occurred amid challenging commodity market conditions following Russia’s invasion of Ukraine. The FCA is responsible for supervision of the LME as a […]
EURUSD, “Euro vs US Dollar” EURUSD is still forming the descending structure towards 1.1000. After that, the instrument may start another correction to reach 1.1066 and then resume trading downwards with the target at 1.0950. GBPUSD, “Great Britain Pound vs US Dollar” After breaking 1.3128 and reaching the short-term target at 1.3087, GBPUSD is expected […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the resistance level, USDCAD is reversing in the form of a new descending impulse. In this case, the downside target may be at 1.2430. However, an alternative scenario implies that the asset may […]