Latest Market News
The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement. Bitcoin/USD 12-hour price at Kraken. Source: TradingView For those unfamiliar with technical […]
Lithium producer Albemarle Corp. ALB, +2.75% late Monday upgraded its guidance for the year, mostly thanks to additional lithium contract renegotiations following blowout first-quarter earnings earlier this month. Albemarle said it expects fiscal 2022 sales between $5.8 billion and $6.2 billion, compared with a prior guidance of sales between $5.2 billion and $5.6 billion, and […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.0566. Possibly, today the pair may expand the range up to 1.0610 and then resume falling to break 1.0530. Later, the market may continue trading downwards with the target at 1.0303. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the ascending structure at 1.2550, GBPUSD […]
EURUSD, “Euro vs US Dollar” As we can see 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 […]
Metals Rise As USD Weakness ContinuesIt’s been a much better opening for metals traders this week. With the greenback still under selling pressure today, gold and silver prices are continuing their recent recover run higher. Gold is now trading around 4% higher from last week’s lows with silver prices around 8% higher. While the US […]
Type: Bearish ContinuationKey Levels:Resistance: 3986Pivot: 3944Intermediary Support: 3860Support : 3831Preferred Case:With price within the Ichimoku cloud resistance, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% Fibonacci projection from our pivot in line with the horizontal swing high resistance and 50% Fibonacci […]