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Shares of NIO Inc. NIO, +3.72% fell 2.0% in premarket trading Thursday, after the China-based electric vehicle maker reported a narrower-than-expected first-quarter loss and revenue that topped expectations, but a sharp contraction in gross margin and a downbeat outlook due to volatilities in the supply chain and vehicle delivery challenges resulting from the recent COVID-19 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2525 and then resume moving downwards to reach 1.2265 Another signal in […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside target may be the resistance level at 1885.50. At […]
Type: Bearish ReversalKey Levels:Resistance: 14929Pivot: 14608Support: 13837Preferred Case:On the H4, with price moving into a bearish pressure area, we have a bearish bias that price will drop from the pivot at 14608 in line with the multiple swing highs to the 1st support at 13837 in line with the 78.6% fibonacci projection, 78.6% fibonacci retracement […]
Type: Bearish ReversalKey Levels:Resistance: 0.65658Pivot: 0.64704Support: 0.62937Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 0.64704 in line with the 100% fibonacci projection and overlap resistance to the 1st support at 0.62937 in line with the 78.6% fibonacci retracement.Alternative Scenario:Alternatively, […]
“Most cryptocurrencies go to the SEC […] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said U.S. Senator Kirsten Gillibrand. 1984 Total views 32 Total shares United States Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation, but they confirmed that Bitcoin […]