Latest Market News
Type: Bearish DropKey Levels:Resistance: 4.801Pivot: 4.709Support: 4.357Preferred Case:Prices are on bearish momentum. We see the potential for a further bearish continuation from our Pivot at 4.709 in line 38.2% Fibonacci retracement towards our 1st support at 4.357 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is further supported prices trading […]
• Dow Jones reversed from support zone • Likely to rise to resistance level 34000.00 Dow Jones recently reversed up from the support zone located between the support level 32310.00 (which has been steadily reversing the index from the start of 2021) and the lower weekly Bollinger Band. This support zone was further strengthened by […]
• USDJPY broke resistance level 116.30 • Likely to rise to resistance level 119.00 USDJPY continues to rise strongly after the earlier breakout of the key resistance level 116.30 (previous monthly high from January and February). The breakout of the resistance level 116.30 accelerated the active impulse waves (iii), 3 and (3). Given the clear […]
Bitcoin (BTC) has been relatively calm during the weekend, indicating that traders are playing it safe and not waging large bets before the upcoming Federal Open Market Committee meeting on March 15 and March 16. The quantum of the rate hike could act as the next trigger for the crypto markets. The current neutral setup […]
Key Democratic Sen. Joe Manchin of West Virginia said in a statement on Monday that he’s “unable to support” the nomination of Sarah Bloom Raskin by President Joe Biden to serve on the Federal Reserve’s Board of Governors, according to multiple published reports. “Her previous public statements have failed to satisfactorily address my concerns about […]
The second fastest-growing city in Texas will begin exploring policy capabilities to accept Bitcoin as a payment option and integrate other Web3 applications to improve resident‘s lives. 2605 Total views 55 Total shares Mayor Steve Adler of Austin, Texas, has fully embraced the discovery of what blockchain technology and crypto payments can bring to his […]