News
GBPJPY Goes Down It’s been another very interesting week in financial markets. We’ve seen plenty of key data releases with inflation and retail sales readings for both the US and the UK along with chatter of possible BOJ market intervention. Commodities and equities prices has been back on the ropes amidst a sharp pick up […]
Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. Traders and influencers have been issuing alerts about this inverse correlation, and how the eventual reversal of the movement would likely push […]
The Ethereum Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter Space with Capriole Fund founder Charles Edwards, the analyst mentioned that excitement over the Ethereum Merge and its bullish price action had somewhat been holding up hope across the market. […]
• EURGPB broke major resistance level 0.8700 • Likely to rise to resistance level 0.8800 EURGPB continues to rise after the price broke above the major resistance level 0.8700 (which has been reversing the price from the middle of June). The breakout of the resistance level acceratyed the active short-term upward impulse wave 3, which […]
Type: Bearish Drop Key Levels:Resistance: 8.500Pivot: 8.125Support: 7.680 Preferred Case:On the H4, with the Stoch is below 20, and the price is above ascending trendline, as well as ischimoku cloud, we have a bullish bias that the price may rise from the pivot at 8.125, which is in line with the 78.6% fibonacci retracement to […]
Type: Bearish Drop Key Levels:Resistance: 3.4665Pivot: 3.4325Support: 3.3815 Preferred Case:On the H4, with the price is moving below ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4325, which is in line with the 61.8% fibonacci retracement and 78.6%$ fibonacci projection to the 1st support […]