Latest Market News
The Financial and Consumer Services Commission (FCNB) has become aware that Bitcoin Motion, which claims to provide online cryptocurrency trading services, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. New Brunswickers are urged to exercise caution when investing with Bitcoin Motion or any unregistered […]
GBPUSD moved away from its lows but investors need good news to continue buying. The Pound sterling took a break against the USD on Wednesday. The current quote for the instrument is 1.2403. The United Kingdom continues to release the statistics, this time on prices. For example, the CPI showed 9.0% y/y in April, which […]
There is nothing new in the BTC so far. On Wednesday, the major cryptocurrency is trading at $29,852. The asset is clearly stuck inside the “flat” between $29,000-$30,000. As long as it remains here, there are chances to slide down to $20,000. At the moment, any “quick growth” scenario can’t be taken seriously. The technical […]
Oil prices rose today, Wednesday, May 18, on expectations that the easing of restrictions imposed to combat the Corona virus in China will lead to a rise in demand, as industry data showed a decrease in US crude stocks. And the authorities in China allowed about 864 financial institutions in Shanghai to resume work, one […]
Type: Bullish RiseKey Levels:Resistance: 1281’6Pivot: 1240’6Support: 1216’4Preferred Case:With price above the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1281’6 in line with the horizontal swing high resistance from our pivot at 1240’6 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot […]
GBPAUD On WatchPrice action in GBPAUD is starting to look interesting here to the long side. Following the failed breakdown below 1.7218, with price instead reversing higher from a strong double-bottom formation, the pair is now holding in a tight block of consolidation, capped by the 1.7811 level. The retail long position has shrunk significantly […]