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NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6777; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6810 and then resume moving downwards to reach 0.6655. Another signal in favour of a further downtrend […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average again, AUDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. However, this scenario may no […]
EUROPEAN EQUITIES ARE POSITIONED FOR GROWTH , STOXX DEEPER DOWN IN THE RED FOR 2022 According to a BofA survey, investors regard monetary tightening as the most important risk to markets, beating out COVID and inflation as the top anticipated concerns. Nonetheless, according to BofA, investor optimism remained unaffected by central bank tightening intentions. According […]
It’s a case of “same, same but different” when it comes to Bitcoin price action this year, but historically, nothing has fallen outside the norm. 11700 Total views 87 Total shares Bitcoin (BTC) has “at least one more upward impulse to come” before reaching this halving cycle’s all-time high, new research maintains. In a series […]
Shares of Bank of America Corp. BAC, -3.60% dropped 2.9% in afternoon trading Tuesday, putting them on track for a fourth-straight decline, ahead of the bank’s fourth-quarter results due out before the next session’s opening bell. The stock has now shed 5.5% during its losing streak. The stock’s losses comes after bank and broker Goldman […]
Type: Bearish ReversalKey Levels:Resistance: 125.664Pivot: 125.348Support: 124.768Preferred Case:Prices are consolidating in a triangle. We see the potential for prices to dip from our Pivot at 125.348 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st support at 124.768 in line with 23.6% Fibonacci retracement. Technical indicators are showing bearish momentum.Alternative Scenario:Alternatively, […]