Day: May 31, 2022

Type: Bearish MomentumKey Levels:Resistance: 14864Pivot: 14576Support: 14297Preferred Case:On the H4, price has recently reversed off the pivot at 14576 in line with the overlap resistance and the confluence area at 78.6% fibonacci retracement and 100% fibonacci projection and may drop to the overlap support level at 14297 in line with the 38.2% fibonacci retracement.Alternative Scenario:Price […]

• USDJPY reversed from support level 127.00• Likely to rise to resistance level 129.65 USDJPY recently reversed up from the key support level 127.00 (which stopped wave (ii) in April), intersecting with lower daily Bollinger Band and by the 50% Fibonacci correction of the previous sharp upward impulse 1 from March. The upward reversal from […]

• NZDUSD reversed from resistance level 0.6535• Likely to fall to support level 0.6425 NZDUSD recently reversed down from the key resistance level 0.6535 (top former multi-month low from January). The resistance area near the resistance level 0.6535 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the previous […]

The document, which could define a national framework for digital assets, is almost ready. 834 Total views 42 Total shares India’s Department of Economic Affairs is finalizing a consultation paper on cryptocurrencies, which will then be handed over to the federal government. The implementation of the document could bring the country of 14 billion people […]

Shares of Spirit Airlines Inc. SAVE, +2.12% rallied 2.4% in midday trading while JetBlue Airways Corp. JBLU, -0.42% was little changed, after after independent proxy advisor Institutional Shareholder Services (ISS) recommended Spirit shareholders reject the buyout deal with Frontier Group Holdings Inc. ULCC, +1.82%. Meanwhile, Frontier shares climbed 2.2%. The ISS recommendation comes after Spirit […]

The project will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits. 915 Total views 43 Total shares The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving […]

Shares of Big Lots Inc. BIG, -7.39% dove 7.1% toward a 2-year low in morning trading Tuesday, after the discount home essentials retailer disclosed Chief Merchandising Officer Jack Pestello had been terminated without cause. The disclosure comes after the stock tumbled 12.1% on Friday, after the retailer reported a surprise first-quarter loss and big sales […]

BRENT Brent is rising within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 119.75 and then resume moving upwards to reach 132.25. Another signal in favour of a further uptrend will be a rebound from the […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Doji reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0850. However, an alternative scenario implies […]

Type: Bearish ContinuationKey Levels:Resistance: 127.265Pivot: 118.174Support: 105.976Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support at 105.976 in line with the 61.8% fibonacci retracement and horizontal swing low support from our pivot at 118.174 in line with the horizontal overlap resistance […]