Upon analysing the long-term BTC/USD chart on 16 May, we constructed a “roadmap” for Bitcoin’s price, which appeared as an expanding fan and consisted of a median with support levels below it and resistance levels Read more…
Market picture The crypto market plunged 3.6% in 24 hours to $2.17 trillion, its lowest level since late February. Triggered stop orders in this morning’s thinly liquid market added to the magnitude of the decline, Read more…
UK PMI Construction fell to 52.2 in June, down from 54.7 in May, and below the expected 54.0. S&P Global highlighted the sharpest rise in employment in ten months, while inflationary pressures remained subdued. Andrew Read more…
Yesterday’s lacklustre US ISM services PMI and ADP employment data for June increases the odds of a further US Treasury yield curve un-inversion. A further un-inversion above -0.08% on the US Treasury yield spread between Read more…
The NZD/USD pair has extended its upward movement into a third session, reaching 0.6106 amid growing weaknesses in the US dollar. Negative shifts in US economic indicators, particularly June’s disappointing private sector employment data from Read more…
EURUSD remains at the front foot in early Thursday’s trading and holding under new three-week high (Wednesday’s spike at 1.0816). Bulls probe again through cracked daily Kijun-sen (1.0791) and look for retest of daily cloud Read more…
AUDUSD attempts to break above sideways structure Oscillators are heavily tilted to the bullish side AUDUSD has been trading sideways for more than a month now, unable to adopt a clear directional impetus. However, in the last Read more…
Daily Pivots: (S1) 204.18; (P) 204.53; (R1) 205.17; More… Intraday bias in GBP/JPY remains on the upside for the moment. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target Read more…
Daily Pivots: (S1) 173.66; (P) 174.09; (R1) 174.87; More… Intraday bias in EUR/JPY stays on the upside for the moment. Decisive break of 100% projection of 164.01 to 170.87 from 167.52 at 174.38 will target Read more…
Daily Pivots: (S1) 0.8457; (P) 0.8468; (R1) 0.8476; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from Read more…