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USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are above the 200-days Moving Average, which means prevalence of the uptrend. A test of 2/8 is expected, followed by a breakaway and growth to the resistance level of 3/8. The scenario can be cancelled by a breakaway of the support level at 1/8 downwards. […]
The Fed raised key interest rate by 75 basis points and signaled that a similar move could be expected in July. The announced pace of tightening means that the federal funds rate is likely to be above 3% by the end of the year, therefore the dollar will likely offer one of the best real […]
Type: Bullish RiseKey Levels:Resistance: 0.0075575Pivot: 0.0074695Support: 0.0074205Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 0.0074695 in line with the overlap support and 61.8% fibonacci retracement to 1st resistance at 0.0075575 in line with the 127.2% fibonacci extension and […]
“I’m trying to get people to plant trees,” said Fangorn, a green-fingered Bitcoiner, “as an avenue for low-time preference.” Source: Cointelegraph
Oil futures started off with losses on Thursday, as an interest-rate hike in the U.S. fueled worries about economic growth, but prices for the commodity finished higher as traders appeared to again focus on tight oil supplies. Prices had settled higher Monday on worries about a significant slowdown in Libyan oil production. In related news, […]
For the past few weeks, the crypto market has been in a tailspin. While other investors may have given up on BTC, its ardent supporters continue to extol its virtues. 2742 Total views 71 Total shares Despite the cryptocurrency market’s prolonged bearish trend, some of its most ardent supporters have not been discouraged. This includes […]