Day: July 12, 2022
Type: Bearish Momentum Key Levels:Resistance: 1.1953Pivot: 1.1895Support: 1.1783 Preferred Case:On the H1, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will rise and drop from the pivot at 1.1895 in line with the pullback resistance to the 1st support at 1.1783 where the 161.8% […]
Type: Bearish Momentum Key Levels:Resistance: 105.23Pivot: 101.59Support: 95.13 Preferred Case:On the H4, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will drop from the pivot at 101.59 in line with the pullback support to the 1st support at 95.13 where the 61.8% fibonacci […]
• AUDCAD reversed from key support level 0.8750 • Likely to rise to resistance level 0.8900 AUDCAD currency pair recently reversed up from the key support level 0.8750 (low of the previous minor impulse wave (i) from the end of last month), intersecting with the lower daily Bollinger Band. The upward reversal from the support […]
• USDCAD reversed from resistance level 1.3055 • Likely to fall to support level 1.2950 USDCAD currency pair recently reversed down from the pivotal resistance level 1.3055 (which has been repeatedly reversing the pair from the start of May, as can be seen below). The resistance area near the resistance level 1.3055 was strengthened by […]
The U.S. Patent and Trademark, and Copyright offices will explore the impact of NFTs on intellectual property rights as lawsuits begin to stack up. 1054 Total views 36 Total shares As nonfungible tokens (NFTs) continue to garner interest, the United States Patent and Trademark Office and U.S. Copyright Office are set to launch a study […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.8 million barrels for the week ended July 8, according to sources. The API data also reportedly showed weekly inventory increases of 2.9 million barrels for gasoline and 3.3 million barrels for distillates. Oil stocks at the Cushing, Okla., delivery hub were […]
Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse. 915 Total views 31 Total shares Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to […]
Rivian Automotive Inc. is readying a cost-cutting plan that includes workforce reductions and halting nonmanufacturing hiring, The Wall Street Journal reported Tuesday. The publication cited an internal letter from Chief Executive RJ Scaringe. Rivian did not immediately return a request for comment. On Monday, Bloomberg, citing people familiar with the matter, reported that the EV […]
GBPUSD is falling attacked by the USD and a great deal of domestic problems. The Pound Sterling is retreating against the USD. The current quote for the instrument is 1.1840. It’s difficult for the British currency to fight the USD’s attack. On the other hand, domestic conditions in the United Kingdom provide the Pound with […]
EURUSD dropped to its 20-year lows. The major currency pair hit new lows – the asset is looking extremely weak. The current quote for the instrument is 1.0022. A new bottom is at 1.0004, and it’s probably not the limit for “bearish” pressure as they may yet continue pushing the pair downwards. The last time […]
