Day: September 21, 2022
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 1685.00. At the same […]
EURUSD, “Euro vs US Dollar” EURUSD is falling towards the downside border of the consolidation range at 0.9945 and may later grow to test 0.9990 from below. After that, the instrument may start a new decline with the target at 0.9890, or even extend this structure down to 0.9800. GBPUSD, “Great Britain Pound vs US […]
Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs). In an interview with Cointelegraph, Totality Corp Founder and CEO Anshul Rustaggi explained that social and cultural barriers, as well as anti-crypto regulations, are holding back NFTs from mass […]
As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph. 844 Total views 19 Total shares A former head of risk at Credit Suisse believes the next crypto bull market will stem from “regulatory clarity” in the United […]
Type: Bearish Drop Key Levels:Resistance: 3.5555Pivot: 3.4755Support: 3.3695 Preferred Case:On the H4, with price below the ichimoku indicator and RSI is moving within a descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4755, which is in line with the overlap support to the 1st support at 3.3695, […]
Type: Bullish Rise Key Levels:Resistance: 20820Pivot: 19340Support: 18330 Preferred Case:On the H4, price has bounced off the support level and broken the swing low, we’re looking for a break out of 19340 levels where the 78.6% retracement sits. If bullish momentum continues, it should bring price to 20820 where the 78.6% projection sits Alternative Scenario:Alternatively, […]
Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike. At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%. Stocks also appear en-route to close the day in the […]
