Latest Market News
Bitcoin has pulled from the resistance at the level of 18500 and dropped. The asset is likely to drop to the level of 15625, gain the required support, and head up. So, let’s observe what is going to happen next. American stock index S&P 500 broke the short-term uptrend and horizontal level of 3935. This […]
Daily Market Outlook, December 19, 2022 Investors continue to digest last week’s central bank activity, as the Fed, the BoE, and the ECB all raised interest rates and struck a distinctly hawkish tone. Asian equity markets took their lead from a weak close on Wall Street, however, European markets are set to post a rebound […]
EURUSD, “Euro vs US Dollar” The currency pair has formed a declining impulse to 1.0596. Today the market is forming a consolidation range around this level. The range is expected to expand to 1.0573. Then growth to 1.0596 and a decline to 1.0530 should follow. The goal is local. GBPUSD, “Great Britain Pound vs US […]
Type: Bearish Drop Key Levels:Resistance:673.75Pivot:651.25Support:638.25 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 638.25, where the -27.2% Fibonacci expansion line and […]
Type: Bearish Drop Key Levels:Resistance:4049.00Pivot:3914.00Support:3757.50 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 3757.50, where the 161.8% Fibonacci line is. Alternative […]
The crypto market failed to preserve the positive impulse that appeared last week and declined. On Monday, the BTC is balancing near 16,718 USD. For bulls to regain self-confidence, the BTC needs to return to 18,000 USD. This is going to be hard because of hardly any news at the background and approaching Christmas, when […]