Latest Market News
The regulator said it would extend its window for the decision on WisdomTree’s Bitcoin investment vehicle to May 15 and One River’s to June 2. 1234 Total views 38 Total shares The United States Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers […]
U.S. stocks fell Monday after Federal Reserve Chairman Jerome Powell said policy makers could lift interest rates by more than a quarter of a percentage point in future meetings as they battle inflation that was already running too high before the Russia-Ukraine war pushed up commodity prices. Equities finished well off session lows, however, trimming […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer pattern not far from the support level. At the moment, the asset is reversing in the form a new ascending impulse. In this case, the upside target may be the resistance area at 1975.50. At the same […]
Type: Bearish ReversalKey Levels:Resistance: 0.69807Pivot: 0.69255Support: 0.68086Preferred Case:On the H4, price is expected to drop closer to the ascending trendline. Price is near 1st resistance level of 0.69255 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Price can move towards the 1st support level of 0.68086 which is in line with 61.8% Fibonacci […]
Type: Bullish BounceKey Levels:Resistance: 0.94273Pivot: 0.92957Support: 0.92569Preferred Case:On the H4, with price expected to bounce off the support of the stochastics indicator, Ichimoku cloud and the support of a potential ascending channel , we have a bias that price will rise to our 1st resistance at 0.94273 in line with the 78.6% Fibonacci retracement from […]