Day: July 29, 2022
Type: Bullish Momentum Key Levels:Resistance: 1.04235Pivot: 1.01325Support: 1.00015 Preferred Case:On the H4, with price bouncing off the ichimoku cloud and RSI showing an ascending trendline, we have a bullish bias that price will continue to rise from the pivot at 1.01325 at the overlap resistance in line with the 61.8% fibonacci retracement . If price […]
• Caterpillar reversed from support level 172.00 • Likely to rise to resistance level 200.00. Caterpillar recently reversed up from the support level 172.00 – strengthened by the lower daily Bollinger Band, 50% Fibonacci correction of the uptrend from 2020 to 2021 and by the support trendline of the wide down channel from last year. […]
• NZDJPY broke support level 84.80 • Likely to fall to support level 83.00 NZDJPY currency pair recently broke the support level 84.80 (former resistance from the start of July) intersecting with the 50% Fibonacci correction of the upward price impulse (i). The breakout of the support level 84.80 accelerated the active minor corrective wave […]
Baker Hughes BKR, +2.84% on Friday reported that the number of active U.S. rigs drilling for oil was up by 6 to 605 this week. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 9 to 767, according to Baker Hughes. Oil prices continued to trade higher. September […]
Singapore’s Second Minister for Law believes an integrated platform using the Metaverse will make the dispute resolution process more convenient and efficient. 1744 Total views 33 Total shares Legal marriage proceedings, court case disputes and government services may one day be offered on the Metaverse, according to a Singaporean government minister. Speaking at the TechLaw […]
Gold futures rose Friday to end the week higher, but prices posted a loss for the month. The outlook for gold brightened after the Federal Reserve meeting on Wednesday, when Fed Chairman Jerome Powell “sounded less hawkish than feared,” said Lukman Otunuga, manager, market analysis, at FXTM. “With the dollar initially shaky and the Fed […]
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.0222, EURUSD is trading close to the bearish channel’s upside border. Possibly, today the pair may fall towards 1.0077 and then form a new consolidation range around 1.0177. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continue growing towards 1.2227 and may later fall […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 1/8, break it, and then continue moving downwards to reach the support at 0/8. However, this scenario may no longer be valid if […]
Coins stationary for at least a year are suggesting that accumulation is done — something which traditionally accompanies the end of bear markets. 1992 Total views 45 Total shares Bitcoin (BTC) may already be beginning its new macro uptrend if historical “hodl” habits repeat. That was the conclusion from research into the latest data covering […]
Shares of General Electric Co. GE, +0.46% kept climbing Friday, rising 0.7% in midday trading toward an 11th-straight gain. The stock has run up 20.6% during its win streak, which started after the stock closed at a 20-month low of $61.09 on July 14. Many on Wall Street define a bull market as gain of […]
