Day: August 2, 2022
The planned visit of US House Speaker Nancy Pelosi to Taiwan has the potential to exacerbate relations between the US and China, which in the foreign exchange market will be expressed in the strengthening of the dollar, increased demand for safe havens, weakening of the CNY and currencies that get clues from the moves of […]
Type: Bullish Rise Key Levels:Resistance: 33437Pivot: 32495Support: 31864 Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 32495 where the pullback support is to the 1st resistance at 33437 where the swing high resistance and […]
• CADCHF reversed from long-term support level 0.7375 • Likely to rise to resistance level 0.7450 CADCHF currency pair recently reversed up from the long-term support level 0.7375 (former resistance from January, which has been steadily reversing this pair from March). The support zone near the support level 0.7375 was further strengthened by the lower […]
• EURUSD reversed from resistance level 1.0260 • Likely to fall to support level 1.0100 EURUSD currency pair recently reversed down from the resistance level 1.0260 (which has been repeatedly reversing this currency pair from the middle of July). The resistance zone near the resistance level 1.0260 was strengthened by the upper daily Bollinger Band […]
Bitcoin (BTC) has been trending up since mid-July, although the current ascending channel formation holds $21,100 support. This pattern has been holding for 45 days and could potentially drive BTC towards $26,000 by late August. Bitcoin/USD 12-hour price. Source: TradingView According to Bitcoin derivatives data, investors are pricing higher odds of a downturn, but recent […]
U.S. stocks closed lower for a second straight day on Tuesday, after U.S. House Speaker Nancy Pelosi defied China with a historic visit to Taiwan. The blue chip Dow Jones Industrial Average [djia] shed about 401 points, or 1.2%, ending near 32,396, while the S&P 500 index SPX, -0.67% closed 0.7% lower and the Nasdaq […]
Kim Kardashian’s lawyers filed a joint motion to dismiss the class-action complaint against the American businesswoman for promoting an alleged “pump and dump” crypto token. 1386 Total views 81 Total shares Kim Kardashian’s legal team has filed a motion to set aside a class-action complaint aimed at the businesswoman and other American celebrities. Kardashian and a handful […]
Gold prices end higher Tuesday, climbing for a fifth straight day, after U.S. House Speaker Nancy Pelosi landed in Taiwan, sparking vows of retaliation from Beijing. December gold GCZ22, -0.26% GC00, -0.26% rose 0.1% to settle at $1,789.70 an ounce, with the most-active contract ending higher in the past five sessions. Investors also continued to […]
EURUSD resumed its growth after weak PMI releases. The major currency pair is back to growing. The current quote for the instrument is 1.0244. The start of this trading week was rather struggling – the economic calendar offered a lot of PMI data from China, the US, and the Euro Area, which was minor. On […]
EURUSD, “Euro vs US Dollar” Having formed the consolidation range around 1.0240 and broken it to the upside, EURUSD is expected to extend this ascending structure up to 1.0334 without any corrections. After that, the instrument may resume trading downwards to return to 1.0240 and then start another growth with the target at 1.0381. GBPUSD, […]
