Latest Market News
• Platinum reversed from support level 960.00 • Likely to rise to resistance level 1025.00 Platinum recently reversed up from the pivotal support level 960.00 (former resistance from October), support trendline of the daily up channel from September and the 50% Fibonacci correction of the upward impulse from September. The upward reversal from the support […]
• Natural gas broke resistance level 7.230 • Likely to rise to resistance level 8.160 Natural gas recently broke above the resistance level 7.230 (which has been reversing the price from the start of October), intersecting with the 50% Fibonacci correction of the downward impulse from September. The breakout of the resistance level 7.230 accelerated […]
Type: Bearish Continuation Key Levels:Resistance:1978.0Pivot:1759.5Support:1830.5 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head back down to the support line at 1830.5, where the 78.6% Fibonacci line is […]
Bitcoin keeps forming a bearish pennant on the daily timeframe, targeting the supporting level of 12500. So, in this case, Bitcoin is likely to break this pattern and drop below the level of 15600. Oil has tested the supporting level of 87.19, which is also the level of the bearish trap. Oil is likely to […]
The BTC is recovering and looking good: the leading cryptocurrency has returned to 16,582 USD upon falling below it. However, the whole situation is troublesome. We may suppose that the current pullback is purely technical because fundamentally speaking, the market is stressed. Genesis keeps fighting for its life. The company has hired counselors to work […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of a correctional wave to 1.0325. Today the quotes may escape the correctional channel and continue falling to 1.0224. Then the pair should grow to 1.0270 and fall to 1.0222, from where the wave may continue to 1.0222. The goal is local. GBPUSD, […]