Day: April 25, 2022
Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance? The largest cryptocurrency has just closed a fourth red weekly candle in a row, something that has not happened since June 2020. As cold feet over the macro market outlook continues to be the norm, there seems […]
White House press secretary Jen Psaki on Monday said President Joe Biden has concerns about social-media companies’ power after Twitter’s TWTR, +5.66% board agreed to a sale to billionaire Elon Musk. “No matter who owns or runs Twitter, the president has long been concerned about the power of large social-media platforms — with the power […]
If passed, the suspension of both new licenses and renewal applications will last for two years. 706 Total views 72 Total shares New York’s legislature might ban proof-of-work (PoW) crypto mining in the state for at least two years, citing environmental concerns. Over the past weekend, on Saturday and Sunday, several crypto advocacy groups — […]
All three major U.S. stock benchmarks closed higher Monday, recovering from losses earlier in the trading session, as Treasury yields fell and investors appeared to shrug off concerns over China’s Covid-19 lockdown. The Nasdaq Composite COMP, +1.29% led the way higher with a 1.3% gain, followed by the Dow Jones Industrial Average, which finished up […]
EURUSD, “Euro vs US Dollar” After rebounding from 1.0840 and finishing the descending wave at 1.0774, EURUSD has completed the correction towards 1.0810; right now, it is falling to reach 1.0735. After that, the instrument may correct to return to 1.0773 and then start a new decline with the target at 1.0700. GBPUSD, “Great Britain […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to continue falling to reach the support at -1/8. Still, this scenario may no longer be valid if the price breaks the resistance at 1/8 […]
Oil prices fell more than 5%, during trading on Monday, to reach the lowest level in two weeks; The shutdowns in Shanghai have fueled demand fears. Oil prices continued their losses after ending their dealings last week with a decline of about 5%, with the growing fears of the prolonged closure of the Corona virus […]
NZDUSD Hits Second Target The NZDUSD short trade from .6806, issued ahead of the latest US CPI readings, has now hit its second target at .6596. NZD has come under heavy selling pressure over recent sessions as a reversal lower in risk assets has hit the high-beta currency. With Fed hawkishness and fresh uncertainty around […]
Type: Bullish BounceKey Levels:Resistance: 6.607Pivot: 6.260Support: 6.013Preferred Case:Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 6.260 in line with 61.8% Fibonacci projection and -27.2% Fibonacci expansion towards our 1st resistance level of 6.607 which is in line with 38.2% Fibonacci retracement […]
• Dow Jones broke key support level 34130.00• Likely to fall to support level 33000.00 Dow Jones index recently broke through the key support level 34130.00 (which stopped the previous waves a and c) intersecting with the 38.2% Fibonacci correction of wave B from February. The breakout of the support level 34130.00 accelerated the active […]
