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Type: Bearish Drop Key Levels:Resistance: 30680Pivot: 30045 Support: 39625 Preferred Case:On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. The price may drop form the pivot at 30045, which is in line with the 141.4% fibonacci extension and 78.6% fibonacci projection to the 1st support […]
Type:Bullish rise Key Levels:Resistance : 1581’4Pivot: 1483’4Support : 1377’2 Preferred Case:On the H4, with price moving along the ascending channel , we have a bullish bias that price will rise from the pivot at 1483’4, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1581’4 where the 61.8% fibonacci retracement […]
• EURUSD broke key support level 0.9900 • Likely to fall to support level 0.9700 EURUSD continues to fall after the earlier breakout of the key support level 0.9900 (which stopped the previous downward impulses (iii) and (i), as can be seen below). The breakout of the support level 0.9900 accelerated the active short-term impulse […]
Daily Market Outlook, September 23, 2022 Overnight Headlines A Day After Fed Raises Rates, Reverse Repos Hit A New Record Biden’s Approval Rating Up But Struggling On Key Issues: NBC Yellen Sees Path For Cooler Prices Without Jump In Jobless Rate EU Rushes To Agree On An Oil Price Cap After Putin’s Threats ECB’s Schnabel: […]
BNY Mellon Hedge Funds Search For Value Over the past week, we met with many long-only and leveraged investors in London and Cape Town. Several highlighted the chaotic nature of markets, with no clear visibility because of central banks’ seemingly open-ended tightening cycles. We sensed meaningful divergence in opinion. Whereas hedge funds are more open […]
Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in Bitcoin (BTC). Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting a stratospheric all-time high at $69,400, Bitcoin price crumbled […]