Latest Market News
Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility. Some even see it as an opportunity to gain market share as smaller competitors collapse. Bitcoin (BTC) prices have been on a steady […]
Shares of Amazon.com Inc. AMZN, -3.20% slumped 3.3% in afternoon trading Wednesday, putting them on track to close at a more-than two-year low. The ecommerce and cloud services behemoth’s stock, which is headed for the lowest close since April 9, 2020, has now tumbled 27.2% since first-quarter result were reported after the April 28 close, […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0530. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1.0462; if to the upside – start another growth towards 1.0610 or even break this level to extend the structure up to […]
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 is reversing in the form of another ascending impulse. In this case, the upside target may be the resistance level at 1860.50. At the […]
Type: Bullish RiseKey Levels:Resistance: 1132’6Pivot: 1106’4Support: 1084’4Preferred Case:With price breaking above the Ichimoku cloud and making a new high on the donchian channel, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance and 100% Fibonacci projection from our pivot in line with the […]
Type: Bearish ContinuationKey Levels:Resistance: 791’0Pivot: 784’6Support: 769’4Preferred Case:With price expected to reverse off the Ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 784’6 in line with the horizontal swing high support and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, […]