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Understanding Brokers and Regulators What is a broker? A broker is an entity that acts as an intermediary between traders and the market and can be considered your window into the financial world. A broker collects market orders from traders and executes them in the market. In other words, whenever a trader wants to buy […]
Type: Bullish Rise Key Levels:Resistance:2506Pivot:2422Support:2280 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing back above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line […]
Metals Under Pressure on Monday The metals market is seeing a rather lacklustre open to the week with both gold and silver under selling pressure across early European trading on Monday. A fresh uptick in the US Dollar is having a subduing impact on price action currently with the greenback drawing safe haven demand from […]
Crypto is gloomy but there are exceptions. Cryptocurrencies start the week in grave moods: the whole digital asset market is under sales. The BTC is crawling to 16,198 USD. Anyway, the general situation hardly changes, remaining negative. The main trouble of the crypto market is the trust issues. They became obvious after the crash of […]
Type: Bullish Continuation Key Levels:Resistance: 1.05090Pivot:1.01315Support:1.03600 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.05090 where […]
Silver got back to the broken resistance area formed between levels 20.90 and 21.30 and then pulled back. Now, the price of silver has reversed towards the north, leaving behind the broken range. The asset is targeting the resistance at the level of 24.75. So, let’s see what is going to happen next. After a […]