Algorand was showing the strongest type of structure prior to the sell-off in crypto throughout todays Asian-Session.
Considering this neutral pennant has held, and that price does not fall below 1st support at 1.70 USD then ALGO looks clear to re-test the top of the wedge around 2.30USD, 2nd Resistance.
Bitcoin must hold above 60K USD for this trade idea to...
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and and overlaps with the U.S. Session Open. Head FX Dealer TonyD
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and and overlaps with the U.S. Session Open. Head FX Dealer TonyD
AUD has been belted lower since the RBA went to lengths to slow down the market pricing in rate hikes.
AUD/JPY has fallen alot less than AUD/USD because of USD/JPY rally since the US inflation numbers on Wednesday restarted the inflation debate.
AUD/JPY is just above the 200 DMA at Y82.80 and we are looking for at least a technical bounce to Y84 but if next...
Gold and Silver have both surged higher on the back of soaring US inflation and have reclaimed their status as inflation hedges after many months of not moving on Inflation data.
Gold moved $40 higher and Silver $1.80 as US printed 6.2% Y/Y headline inflation for October.
The Inflation debate is likely to remain for many months and each time its affirmed should...
Join TonyD for a quick recap and look at the day ahead from a sentiment and fundamental point of view and key technical levels to be watching on main pairs.
Extremely overbought after blowing off the all time highs on news of a 100k Hertz Tesla deal, we have seen a few days of consolidation and over the weekend some extremely troublesome tweets from the owner and founder Elong Musk.
He tweeted, Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. then a...
Join easyMarkets Head FX Dealer Tony Darvall as he uses his 14 years of trading to bring you live analysis and trading plans for the US Non Farm Payrolls Today at the start of the US Session.
Gold has been trading sideways for the past 6 months but the range is getting smaller and smaller as the market coils up and should pick a side in coming days.
Topside makes alot of sense with gold seen as a natural inflation hedge in the past so could see a new story develop to support a rally. Even as USD has been strong this week it has crept higher.
Key...
XRP has been consolidating since early October inside a flag-like pennant and broke upwards earlier today.
This does not come as a surprise considering how well Ethereum has been performing as of late and that has now generated a tailwind for other big-cap altcoins such as Ripple (XRP).
Alt season is well upon us and the opportunity cost has started to get the...
USD/JPY has been consolidating the recent rally from Y112 in a fairly stable Y113-114.50 range, the next few days are really important for the USD with FOMC meeting tomorrow in the US session and then Friday NFP US Jobs numbers.
The last NFP was the day the USD/JPY broke Y112 but this time we are higher and the market is looking for the FED to update its forecast...
US stocks are getting more volatile in recent session as democrats race to find a compromise on the spending and infrastructure bills and Q3 earning are very mixed with huge selloffs in Facebook, twitter whilst Tesla surged on earlier in week.
The chart pattern is concerning for bulls as we failed to push on after breaking fresh all time highs earlier in week ...
Bitcoin touches the Daily 20 Exponential Moving Average and must hold it for the uptrend to have any shot at 75K USD.
For those who don't know, Bitcoin plays a special relationship with this short-term EMA.
Whenever BTC/USD closes above the D1 20 EMA and flips it into support, a bullish reversal begins and turns into an uptrend so long as the slope holds price...
AUD/NZD has found solid support in recent weeks below 1.0500 in the range it has played for many years between 1.0300-1.1000.
Australian CPI was higher than expected today on the key Trim reading which the Reserve bank of Australia (RBA) watches closely and likely will lead to the market buying AUD ahead of the RBA meeting next week on November 2nd.
Although the...
