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Type: Bullish Rise Key Levels:Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% […]
Daily Market Outlook, December 5, 2022 Hang Seng & The Chinese Yuan Buoyant On Covid Restrictions Easing Further indications of curbing of Covid restriction policies in China supported Asian equity markets overnight, with the Hang Seng surging 9%, the Chinese Yuan was also a stand-out performer pressuring the Dollar to print two-and-a-half-month highs. CFTC data […]
At the beginning of this new winter week, the BTC looks not bad, looking for further opportunities for growth. On Monday, it is mostly moving at 17,342 USD. Over a week, the leading crypto grew by 6.8%. This is not bad, especially with the whole market being rather inactive and quite worried about the prospects. […]
The market major began the week by growth. The current quote is 1.0540. The US dollar got trapped by market inferences and previous comments of the Fed’s head Jerome Powell. First, Powell allowed for a more loyal attitude to the interest rate at the December meeting, and then investors came to their own conclusions based […]
10 Essential Tips For New Traders If trading is new to you, you might feel lost right now. This is normal! Even though trading can be a difficult and complex activity, it can also be incredibly profitable. Bellow you will find some essential tips if you want to be a successful trader. 10 Essential Tips […]
US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year. Consensus estimate was 200K, October reading was revised up to 284K. Unemployment level remained unchanged at 3.7% which was in line with the forecast. In the […]