Cryptocurrencies
Dollar Creeps Up
The Dollar Index has risen 3.8% to 104.5 from its lows in early February. Prior to that, the dollar index had been falling since late September, giving back half of the gains from the global Read more…
Cryptocurrencies
Dollar Creeps Up
The Dollar Index has risen 3.8% to 104.5 from its lows in early February. Prior to that, the dollar index had been falling since late September, giving back half of the gains from the global Read more…
Cryptocurrencies
Crude Oil Can be Ready to Break Out of Bearish Triangle
Crude down 8% since last Monday, when Biden’s administration said it is selling 26 m barr. of oil from SPR. Price testing key trendline support of a bearish triangle, which signals for more weakness in Read more…
Cryptocurrencies
Crude Oil Can be Ready to Break Out of Bearish Triangle
Crude down 8% since last Monday, when Biden’s administration said it is selling 26 m barr. of oil from SPR. Price testing key trendline support of a bearish triangle, which signals for more weakness in Read more…
Cryptocurrencies
AUDUSD Plummets But 200-day SMA Curbs Secline
AUDUSD had been staging an impressive rebound, trading within an upward sloping channel since mid-October. Nevertheless, the pair experienced a moderate pullback in the short term, with the price escaping its pattern to the downside to Read more…
Cryptocurrencies
US Oil Grinds Lower
WTI crude falls as ongoing global rate increases weigh on growth and demand prospects. The latest bounce from 75.50 has failed to clear the support-turned-resistance of 77.60, and a drop below its origin means that Read more…
Cryptocurrencies
Elliott Wave Suggests Gold (XAUUSD) Still Has Scope to Extend Lower
Since forming the low on September 28, 2022, Gold has rallied and the structure of the rally from 2022 low looks impulsive. It ended the rally on 2.2.2023 high at 1959.74. Since then, Gold has Read more…
Cryptocurrencies
GBP/JPY Daily Outlook
Daily Pivots: (S1) 162.09; (P) 162.84; (R1) 163.29; More… Intraday bias in GBP/JPY is turned neutral with a temporary top formed at 163.73. The favored case is still that correction from 172.11 has completed with Read more…
Cryptocurrencies
GBP/JPY Daily Outlook
Daily Pivots: (S1) 162.09; (P) 162.84; (R1) 163.29; More… Intraday bias in GBP/JPY is turned neutral with a temporary top formed at 163.73. The favored case is still that correction from 172.11 has completed with Read more…
Cryptocurrencies
Technical Outlook and Review
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…