Day: April 22, 2022
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is testing the descending channel’s upside border. After plunging earlier, the asset quickly recovered due to significant pressure from bulls. If they fix the price above 1.2670, the asset may continue growing towards the key resistance at 1.2900, which they had been trying to break for much of […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from 1.0930; right now, it is falling towards 1.0801. After that, the instrument may correct to reach 1.0866 and then start a new decline with the target at 1.0686. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.3086, GBPUSD is trading downwards to reach 1/2950. […]
Type: Bullish BounceKey Levels:Resistance: 1962.9Pivot: 1944.2Support: 1934.1Preferred Case:Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 1944.2 in line with 138.2% Fibonacci extension towards our 1st resistance level of 1962.9 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.Alternative […]
Oil Traders Continue to Reduce LongsThe latest CFTC COT institutional positioning report shows that oil traders continued to pare upside positions last week. This reduced upside exposure came despite a recovery in oil prices last week, though this has since petered out with oil now trading back below last week’s highs. Recent price action reflects […]
• AUS200 index reversed from resistance level 7615.00• Likely to fall to support level 7430.00 AUS200 index recently reversed down strongly from the long-term resistance level 7615.00 (which has been reversing this index from last August). The downward reversal from the resistance level 7615.00 created the daily candlesticks reversal pattern Evening Star Doji – which […]
• USDCAD reversed from support level 1.2450• Likely to rise to resistance level 1.2650 USDCAD recently reversed up sharply from the powerful support level 1.2450 (which has been repeatedly reversing the price from the middle of January). The upward reversal from the support level 1.2450 created the daily candlesticks reversal pattern Piercing Line – which […]
The bank hinted that the OCC’s actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks. 809 Total views 14 Total shares The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and […]
Shares of Coinbase Global Inc. COIN, -6.67% sank 7.2% in afternoon trading Thursday toward yet another record low, after J.P. Morgan analyst Kenneth Worthington cut his stock price target by about 31%, citing lower crypto prices and “notably” lower volume that previously forecast. The crypto-trading platform’s stock reversed an earlier gain of as much as […]
“In particular, Canadians who were young, male, employed, had a university degree, high household income and relatively low financial literacy were more likely to own Bitcoin.” 1101 Total views 9 Total shares A study from the Bank of Canada found that Bitcoiners on average have lower financial literacy than those who don’t own Bitcoin (BTC). […]
Canada Goose Holdings Inc. GOOS, -0.51% announced on Thursday the launch of an eco-friendly fabric, Kind Fleece, which the luxury outerwear company developed as part of its sustainability commitment. Kind Fleece is made from recycled wool, a plant-based polymer called Sorona Polymer, and a biodegradable fiber made from wood. Kind Fleece is launching with four […]
