Category: Cryptocurrencies

The Nasdaq 100 retreats as investors continue to digest hawkish Fed minutes. The rally came to a halt at February’s high at 15260. Then a drop below the short-term demand zone at 14730 led to Read more…

WTI crude softens as concerns grow over lockdowns in China. A bearish MA cross on the daily chart suggests that sentiment may have turned cautious. The price is testing the key floor at 94.00 which Read more…

The US dollar edged higher supported by better-than-expected initial jobless claims. The pair continues its journey upward from the demand zone near 0.9200. The rally is gaining momentum after a break above 0.9280. 0.9370 from Read more…

DXY: On the weekly, prices are on bullish momentum. We see the potential for abounce from our 1st support at 97.294 in line with 61.8% Fibonacci retracement towards our 1st resistance at 102.886. Prices are Read more…

Daily Pivots: (S1) 161.59; (P) 161.93; (R1) 162.45; More… GBP/JPY is still extending the consolidation from 164.61 and intraday bias remains neutral for the moment. Outlook remains bullish with 158.04 resistance turned support intact, and Read more…

Daily Pivots: (S1) 134.38; (P) 134.94; (R1) 135.46; More…. EUR/JPY is staying in consolidation from 137.50 and intraday bias stays neutral for the moment. With 133.70 minor support intact, further rally is expected. On the Read more…

Daily Pivots: (S1) 0.8302; (P) 0.8334; (R1) 0.8353; More… Intraday bias in EUR/GBP stays neutral at this point. On the downside, break of 0.8294 will argue that rebound from 0.8201 has completed at 0.8511, and Read more…

Daily Pivots: (S1) 1.4486; (P) 1.4550; (R1) 1.4612; More… Intraday bias in EUR/AUD remains neutral and some more consolidation could be seen above 1.4318 temporary low. But outlook remains bearish as long as 1.4940 resistance Read more…

Daily Pivots: (S1) 1.0141; (P) 1.0169; (R1) 1.0193; More…. No change in EUR/CHF’s outlook and further fall is in favor with 1.0242 minor resistance intact. Rebound from 0.9770 could have completed at 1.0400 already, ahead Read more…

Daily Pivots: (S1) 1.2547; (P) 1.2580; (R1) 1.2624; More… Immediate focus is now on 1.2591 resistance in USD/CAD. Firm break there will suggest that fall from 1.2899 has completed. Intraday bias will be back on Read more…