News

May 05
Market Spotlight: GBPNZD Structure Trade

GBPNZD Bear Flag on Watch Price action in GBPNZD is looking interesting here. The pair has been moving in a well-defined, corrective bull channel over the last month or so. Given the heavy decline leading into this current corrective period, an eventual downside break of the channel and a continuation of the prior bearish trend, […]

May 05
USDJPY Wave Analysis – 5 May, 2022

• USDJPY reversed from support area• Likely to rise to resistance level 131.20 USDJPY recently reversed up strongly from the support area located between the key support level 128.90 (former resistance from last month) and the 50% Fibonacci correction of the upward impulse from April. The upward reversal from this support area is likely to […]

May 05
Nikkei 225 Wave Analysis – 5 May, 2022

• Nikkei 225 reversed from resistance area• Likely to test support level 26500.00 Nikkei 225 index recently reversed down from the resistance area located between the key resistance level 27425.00 (which has been reversing the price from last month), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from March. The […]

May 05
DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem

Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT’s price to $16.44 on May 5 from $14.72 a day before, gaining a little over 12% as they assessed […]

May 05
Only 18 stocks in the S&P 500 are trading up

A whopping 96% of the S&P 500’s SPX, -3.81% components are losing ground amid Thursday’s stock market carnage. Of the 18 stocks seeing gains, only three have a market capitalization above the average of $77.1 billion. Meanwhile, the S&P 500 tumbled 3.9%, on track for the biggest selloff since it plummeted 5.9% on June 11, […]

May 05
Binance commits $500M to co-invest in Twitter with Elon Musk

Binance is among 18 co-investors in Elon Musk’s Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. 4307 Total views 123 Total shares Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On […]