Latest Market News
Crypto Boom Helping Shares Shares in the leading global crypto-broker Coinbase are trading sharply higher this week as the ongoing surge in crypto prices drives up trading volumes and deposits. Coinbase shares suffered heavily over the crypto devaluation which took place across 2022. With the crypto market falling sharply from highs over that period, retail […]
TitleHeading into Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 39,023.47 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 38,460.30 which is a pullback support that aligns with the […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has corrected to 1.0845. Today the market is forming a consolidation range around 1.0836. With an escape from the range upwards, the correction might extend to 1.0853. With a downward escape, the potential for a decline to 1.0800 could open. And if this level also breaks, the […]
The primary currency pair is consolidating on Thursday. The current EURUSD exchange rate is standing at 1.0835. The market is conserving its strength as the most critical inflation component, which the US Federal Reserve pays attention to, is due to be released tonight. This is the Core PCE index. Given investors’ uncertainty about the timing […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.61197 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60559 which is a swing-low support level. Alternative scenario:If price breaks […]
TitleApproaching Overlap Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.87715 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.88329 which is a pullback resistance that aligns with […]