Cryptocurrency prices continued their sell-off during the weekend as investors continued focusing on multiple events. For example, there are worries about the rising bond yields in the United States. Just last week, the ten-year bond Read more…
The Aussie Dollar started a fresh decline from well above 0.7270 against the US Dollar. The AUD/USD pair traded below the 0.7225 support to move into a bearish zone. The pair even traded below the Read more…
Markets Key US equity indices lost another 2% on Friday and more importantly high-level support marks. The S&P fell below the neckline of a triple top formation at 4495, suggesting more downward potential towards the Read more…
Market movers today Today’s highlight will be the flash PMIs for January in the euro area, UK and US. Services activity will likely continue to be adversely affected by renewed COVID-19 headwinds, but it will Read more…
This week we welcome Julian Sequeira (@juliansequeira) as our PyDev of the Week! Julian is one of the co-founders of PyBites. They post articles, courses, run a podcast and have a fun Code Challenge site Read more…
DXY: On the H4 timeframe, prices are consolidating in a triangle pattern and are on bullish momentum. We would expect potentially further bullish continuation from our 1st support at 95.426 in line with 38.2% Fibonacci Read more…
Daily Pivots: (S1) 153.60; (P) 154.41; (R1) 154.91; More… Intraday bias in GBP/JPY remains on the downside at this point. Fall from 157.74 is seen as the third leg of the consolidative pattern from 158.19. Read more…
Daily Pivots: (S1) 128.58; (P) 128.95; (R1) 129.33; More…. Intraday bias in EUR/JPY remains on the downside. Current development argues that consolidation pattern from 134.11 is extending with another leg. Deeper decline would be seen Read more…
Daily Pivots: (S1) 0.8332; (P) 0.8354; (R1) 0.8393; More… Intraday bias in EUR/GBP remains neutral for the moment. Considering bullish convergence condition in 4 hour MACD, firm break of 0.8377 resistance will indicate short term Read more…
Daily Pivots: (S1) 1.5695; (P) 1.5756; (R1) 1.5867; More… Intraday bias in EUR/AUD remains neutral as range trading continues. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support Read more…