Day: May 27, 2022
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new rising impulse. In this case, the upside target may be the resistance level at 1885.50. At […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue moving upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the asset breaks the […]
Type: Bearish BreakoutKey Levels:Resistance: 775.63Pivot: 768.05Support: 758.5Preferred Case:On the H1, with price moving below the ichimoku cloud and within the descending trend channel, it supports our bearish bias that price will drop from our pivot at 768.05 in line with the 78.6% fibonacci projection and the 23.6% fibonacci retracement to our 1st support at 758.5 […]
Type: Bearish ReversalKey Levels:Resistance: 128.092Pivot: 128.092Support: 126.527Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 128.092 where the horizontal overlap resistance and 23.6% fibonacci retracement are to our 1st support at 126.527 in line with the swing low support.Alternative Scenario:Alternatively, […]
• AUDUSD broke resistance level 0.71000• Likely to rise to resistance level 0.7250 AUDUSD currency pair recently broke the resistance level 0.7100 (which stopped the earlier minor wave A) intersecting with the 61.8% Fibonacci correction of the downward impulse 5 from the start of May. The breakout of the resistance level 0.71000 accelerated the C-wave […]
Equities markets in the United States rallied sharply on May 25 and 26 but Bitcoin (BTC) and altcoins have not followed a similar trajectory. This suggests that traders are not confident that the crypto markets have bottomed out yet. On-chain analytics firm Glassnode said that the number of Bitcoin whales has been reducing and on […]
Shares of Lowe’s Companies LOW, +2.10% rose 0.8% in premarket trading Friday, after the home improvement retailer raised its dividend by 31.3%. The new quarterly dividend of $1.05 a share, up from 80 cents, will be payable Aug. 3 to shareholders of record on July 21. Based on Thursday’s stock closing price of $195.53, the […]
Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we’re just not there yet. Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which was hit with a rapid decline that “translated to one of […]
Stocks ended sharply higher Friday, cementing a bounce that saw the Dow Jones Industrial Average end a streak of eight straight weekly declines, while the S&P 500 and Nasdaq Composite end a run of seven consecutive weekly declines. The Dow DJIA, +1.76% rose around 576 points Friday, or 1.8%, to close near 33,214, according to […]
The proposed environmentally conscious spot ETF was found to be insufficiently protected against fraud and manipulation, like many ETF proposals before it. 85 Total views 4 Total shares The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule […]
