Latest Market News
Type: Bullish BounceKey Levels:Resistance: 0.007489Pivot: 0.007372Support: 0.007342Preferred Case:On the H4, with price recently breaking the descending trendline and moving above the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 0.007372 at the swing low in line with the 61.8% fibonacci projections to the 1st resistance […]
Shiba Inu (SHIB) has grown stronger against its top “memecoin” rival Dogecoin (DOGE) in the last two months, in part due to the token’s periodic token burning events and a flurry of project announcements that promises to boost its utility. Why is the SHIB price rallying? In detail, SHIB/DOGE gained a little over 40% after […]
Oil futures ended higher on Friday, extending gains from a day earlier, but worries over a potential recession pulled prices down for the week. Despite the rebound in prices seen on Thursday and Friday, “markets are becoming increasingly concerned about recession risk and demand destruction…which has served to offer some respite from the higher prices […]
Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced that good times will last. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentiment highest since early May Data from Cointelegraph Markets Pro and TradingView shows that at the time of writing, BTC/USD is up over $2,000 this […]
Gold futures ended higher on Friday, but tallied their fourth straight weekly decline amid strength in the U.S. dollar. Next week, action in the dollar may continue to be a big driver for the gold market, said Colin Cieszynski, chief market strategist at SIA Wealth Management. “There are a number of key inflation reports coming […]
The Financial and Consumer Services Commission (FCNB) has become aware that Profiitrend, which claims to be an AI-based trading powerhouse for forex, cryptocurrency and robot trading, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. Profiitrend appears to be operating out of the United Kingdom. […]