The world’s most widely-traded currency pair has had a relatively rough go of late, falling nearly 400 pips from its early September peak to this week’s low before finding a floor and bouncing back into the weekend. The pair did show a bullish divergence with its 14-day RSI indicator at the recent lows, signaling waning selling pressure and the potential for a...
Almost exactly a month ago ( here ), we highlighted the 42K-53K range in Bitcoin and noted that “a bullish breakout above 53K would open the door for a continuation toward record highs above 60K in time.”
Well, last week brought that key breakout, and after consolidating in the mid-50Ks for a couple days, Bitcoin is in rally mode again today, eclipsing 57K as of...
The Dow Jones Industrial Average (DJIA / Wall Street) finished the month of September trading down -4.3%, its largest 1-month decline of the year and more than twice the -2.0% drop that it saw in January.
So where does that leave the most popular US index?
In a word: Adrift .
After rising consistently from last November through this September, the Dow has now...
After Fed Chairman Jerome Powell’s heavy hint that the central bank would announce its plans for tapering asset purchases at its next meeting in November, the world’s most widely-traded currency pair is poised to finish the week just above key support in the 1.1670-1.1700 range.
Since the start of Q3, EUR/USD has carved out a well-defined range between support...
After yesterday’s big selloff in all risk assets, ETH/USD is testing a crucial level at $3000.
The world’s second-largest cryptoasset has already shed 25% of its value this month to trade back to the bottom of August’s $3000-3300 range, and if that level gives way, a deeper pullback toward the mid-2000s could be next.
Thankfully for ETH/USD bulls, the pair is...
Despite the hullabaloo around Bitcoin getting adopted as an official currency of El Salvador (or perhaps because of it), the cryptocurrency sold off sharply from previous-support-turned-resistance at 53,000 this week.
Now, bulls and bears have drawn their lines in the sand, with support likely near the 200-day EMA and previous resistance in the 42,000 area and...
After a precipitous drop to test support near 23.00 (the 38.2% Fibonacci retracement of the March 2020 – March 2021 rally) early this month, Silver has spent the last three weeks consolidating in a range between 23.00 and 24.00.
As experienced traders know, volatility tends to be cyclical, meaning that markets alternate between periods of large trending movements...
