Category: Technial Analysis
Alongside the BTC, this week’s sales also affected the ETH (-10% over the week), the XRP (-13%), the ADA (-8.6%), the MATIC (-12%), the DOT (-10.8%), and more. Practically, the market is selling widely and wildly. What is the point? Due to the high correlation with the US stock market, the crypto section is extremely […]
The British pound against the US dollar on Friday is retreating. The current quote is 1.2400. In the morning, Britain published curious reports. The GfK CCI in the country in April rose to -30 points from -36 points previously. The improvement here could be explained by the decline in the pressure from consumer prices, yet […]
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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.2435 is expected, followed by falling to 1.2255. A signal confirming the decline will be […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a new structure of correction to 1.0988. Today the market is forming a link of a new wave of decline to 1.0935. With a breakout of this level downwards as well, a pathway to 1.0884 could open. After the price reaches this level, a link […]
Daily Market Outlook, April 20, 2023 Another whipsaw session on Wall Street, albeit with recent ranges which are continuing to contract on low volume price action, notably the VIX, the fear gauge for investors printed lows not seen since 2021, suggesting investors risk appetite remains optimistic, the directionless action on Wall Street has seen Asian […]
Q1 Results Beat After gapping lower at the open yesterday, Morgan Stanley shares surged higher by around 5% on the session as traders reacted to a solid set of Q1 results. On the back of weak results from State Street and mixed results from Goldman, there was a little trepidation in the market. However, in […]
Retail Heavily Short GBPJPY The retail market is currently more than 70% short GBPJPY making it a prime candidate to monitor for long opportunities. The pair has been grinding higher recently amidst a broader breakout pattern and looks vulnerable to further upside near-term. GBP has been well bid recently on the back recent UK data […]
Oil Traders Increase Longs – Price Falls The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure rose from 226k contracts to 235k contracts, marking the third consecutive weekly increase in bullish bets. Despite the increase, crude prices have fallen sharply this week, […]
The Japanese yen has dropped noticeably against the US dollar. The current quote is 134.80. The yen is being betrayed by domestic news and the international background equally. The morning statistics demonstrated that the trade deficit in Japan in fiscal 2022 (ended on 31 March 2023) had reached a high of 44 years, amounting to […]