GBPUSD breaks above bearish channel, faces rejection near 50-SMA. Caution persists among traders as they await a close above 1.2600. GBPUSD stalled around the falling 50-day simple moving average (SMA) at 1.2525 soon after exiting Read more…
Short Term Elliott Wave view in S&P 500 ( SPX) suggests that rally to new all time high on 12.16.2024 at $6099.97 ended wave ((3)). Pullback in wave ((4)) is proposed complete at $5773.20 as Read more…
Market Picture On Monday, the cryptocurrency market partially recovered from the initial decline, regaining about 2/3 of the lost value. As a result, the cryptocurrency market capitalisation increased by 4.3% from the previous day and, Read more…
In our previous analysis of the BTC/USD chart, we highlighted the increasing volatility in the cryptocurrency market leading up to Trump’s inauguration. Today, the BTC/USD chart shows that the presidential inauguration triggered a peak in Read more…
NZDUSD, H4 NZDUSD corrected after a rebounding from the 0.5720 resistance and faced the 0.5650 support at the 38.2 Fibonacci ratio. The Alligator’s lips cross the jaw line, while the Momentum oscillator crosses the 100 Read more…
US30, Daily In the Daily timeframe, US30 rose again after a small correction and almost reached the ATH. The price is preparing to test the critical level and the broken global trend line. However, the Read more…
Daily Pivots: (S1) 1.0453; (P) 1.0493; (R1) 1.0532; More… Intraday bias in EUR/USD is turned neutral with current retreat. On the downside, break of 1.0371 support will indicate rejection by 38.2% retracement of 1.1213 to Read more…
Daily Pivots: (S1) 153.40; (P) 154.82; (R1) 155.94; More… USD/JPY recovered after dipping to 153.70 and intraday bias is turned neutral first. On the upside, break of 156.74 resistance will indicate that fall from 158.86 Read more…
Daily Pivots: (S1) 1.2443; (P) 1.2483; (R1) 1.2540; More… GBP/USD’s rebound from 1.2099 lost momentum as seen in 4H MACD, and intraday bias is turned neutral. While another rise cannot be ruled out, strong resistance Read more…
Daily Pivots: (S1) 0.8966; (P) 0.9019; (R1) 0.9074; More… USD/CHF recovered after drawing support from near term rising channel and 55 D EMA. Intraday bias is turned neutral first. Rise from 0.8374 resistance intact so Read more…