Latest Market News
TitleHeading into Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.08657 which is a multi-swing-high resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.07988 which is a multi-swing-low support that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario:If […]
BTC Pause at Highs As expected, we’re seeing plenty of volatility around the former all time-highs in Bitcoin. BTC futures surged to fresh record highs of $70195 yesterday, just topping the prior highs of $69355 before sharply reversing lower. Futures prices plunged more than 13% on the day before bottoming out and today, trading back […]
The British pound sterling is gaining strength against the dollar. The current GBPUSD exchange rate stands at 1.2704. According to the British Retail Consortium (BRC) report, total retail sales volume in February increased by 1.1% y/y compared to the 5.2% rise one year ago. This figure does not consider inflation, which amounted to 4% in […]
The New Zealand dollar maintains a weak position against the US dollar. The current NZDUSD exchange rate stands at 0.6095. The Reserve Bank of New Zealand may cut interest rates sooner than planned, but only if the US Federal Reserve takes the first step. According to the RBNZ’s chief economist, Paul Conway, the Central Bank […]
Rout Continues Shares in Apple remain under heavy selling pressure this week as the stock extends its recent decline. Apple shares are now trading down around 14% from their recent highs, despite the broader rally we’re seeing in US tech stocks currently. Indeed, with Apple having shed around $300 billion of its overall value during […]
TitleFalling to 61.8% Fibonacci Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.88249 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.88931 which is a pullback resistance level. Alternative […]