Day: July 21, 2022
• Dow Jones reversed from resistance area • Likely to fall to support level 31000.00 Dow Jones index recently reversed down from the resistance area lying between the key resistance level 31845.00 (top of wave A from June), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from May. The downward […]
• CADJPY reversed from resistance area • Likely to fall to support level 106.00 CADJPY currency pair recently reversed down from the resistance area lying between the resistance level 107.25 (previous monthly high from June) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous multi-impulse sequence made out […]
SCB X notified the Stock Exchange of Thailand that the Bitkub acquisition is “still undergoing due diligence.” 557 Total views 33 Total shares Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations. As reported by Cointelegraph in November 2021, SCB X Group, a subsidiary of Siam […]
Oil futures fell sharply on Thursday, with U.S. prices settling at their lowest in a week. Crude prices tumbled as energy traders reassessed the short-term demand outlook “given the disappointing summer driving season and as the U.S. economy starts to show further signs it is quickly weakening,” said Edward Moya, senior market analyst at OANDA. […]
A key trendline which the Bitcoin price passed for the first time in over a month is currently seeing its first retest as support. 4702 Total views 41 Total shares Bitcoin (BTC) staged its first test of critical support on July 21 as news that Tesla had liquidated most of its Bitcoin holdings subsided. BTC/USD […]
Piper Sandler analyst Rob Owens cut his rating on DocuSign Inc.’s stock DOCU, -1.15% to underweight from neutral overnight, citing the potential for elevated risk given a leadership transition, employee turnover, and economic uncertainty. “All of these factors contribute to a challenging backdrop for potential revenue reacceleration in the near-term, in our view,” Owens wrote. […]
EURUSD, “Euro vs US Dollar” Having finished the descending wave at 1.0155, EURUSD is correcting up to 1.0222. After that, the instrument may fall to break 1.0140 and then continue moving within the downtrend with the short-term target at 1.0064. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the descending wave at 1.1953 […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, having rebounded from the support at 3/8, USDCHF is consolidating. In this case, the pair is expected to grow towards the resistance at 5/8. However, this scenario may be cancelled if the price breaks 3/8 to the downside. After that, the […]
Passport, sunglasses, beach towel and Bitcoin (BTC)? A BTC enthusiast on vacation demonstrated that the world’s largest cryptocurrency could soon become a holiday essential. Eugenio, a Costa Rican Bitcoin maximalist, paid his way on holiday with just Bitcoin in his wallet during a long weekend on Costa Rica’s Pacific coast. A hotspot for Bitcoin adoption […]
Senate Majority Leader Chuck Schumer, D., N.Y., Ron Wyden, D., Ore., and Cory Booker, D., N.J. have filed the long-awaited Cannabis Administration and Opportunity Act more than a year after releasing a draft of the measure, Politico reported on Thursday. The measure is not expected to get 60 votes needed for passage in the Senate, […]
