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Vitalik Buterin Drives New Innovations & Bullish Trends for ETHEthereum ( CRYPTOCAP:ETH ), the world’s second-largest cryptocurrency by market cap, is undergoing a transformative journey, marked by visionary updates and community-driven momentum. With Ethereum’s recent price surge to $2,631, up 4.11% in the last 24 hours, and a broader bullish trend across the market, the Ethereum ecosystem is positioning itself as a powerhouse in blockchain technology and decentralization. This article explores both the technical and fundamental aspects influencing Ethereum’s outlook, along with new philanthropic efforts led by Vitalik Buterin. Vitalik Buterin’s MIL:1M Donation to Ukrainian Humanitarian Aid One of the biggest stories recently has been Vitalik Buterin’s donation of over 400 ETH (approximately $1 million) to four Ukrainian humanitarian organizations, including one helping children affected by the ongoing conflict. This philanthropic act underscores Ethereum’s commitment to community-driven initiatives and the impact of decentralized finance (DeFi). Interestingly, the ETH used in this donation came from swapped meme coins, including $MOODENG, $EBULL, and $DOG. This donation not only provides aid to those in need but also highlights the growing role that cryptocurrencies, even meme tokens, play in supporting humanitarian causes. Ethereum’s Evolution: “The Splurge” and Upcoming Hard Fork The Ethereum protocol is on the verge of critical updates with the upcoming hard fork, as outlined in Vitalik Buterin’s “The Splurge.” This final segment of Ethereum’s development roadmap focuses on refining the Ethereum Virtual Machine (EVM), introducing account abstraction, optimizing transaction fees, and enhancing cryptographic functions. 1. EVM Object Format (EOF): The next upgrade will integrate the EVM Object Format, bringing a modular approach to Ethereum’s code. This update allows for better code separation and improved performance, making the network more efficient for smart contracts and decentralized applications (dApps). 2. Account Abstraction: A significant focus within “The Splurge” is account abstraction, which enables greater flexibility in transaction verification. This enhancement will allow users to pay transaction fees in ERC20 tokens instead of solely in ETH, broadening accessibility across the network. 3. Transaction Fee Optimization and Cryptographic Advancements: Ethereum’s upcoming update aims to make transaction fees more predictable and cost-effective. The use of advanced cryptographic methods will also enable more robust and efficient blockchain operations, further enhancing Ethereum’s performance and scalability. As these updates take effect, Ethereum’s potential is expanding, as evidenced by decreasing fees on decentralized exchanges (DEX) and growing developer interest. Technical Analysis Ethereum’s technical indicators paint a promising picture. Currently trading at $2,631, CRYPTOCAP:ETH has shown a 2.47% uptick, largely mirroring Bitcoin’s bullish rise to $71,000. Ethereum’s RSI sits at a healthy level, confirming a favorable momentum pattern that aligns with bullish technical formations. Ethereum’s chart shows a subtle rising wedge, suggesting the possibility of a continued uptrend. The appearance of a “three white soldiers” pattern—a bullish formation where three consecutive candlesticks close progressively higher—signals an upward reversal, reinforcing the likelihood of Ethereum ( CRYPTOCAP:ETH ) pushing towards the $3,000 mark. Ethereum’s Relative Strength Index (RSI) remains stable, indicating there is room for further upward movement before hitting overbought levels. Paired with increasing volume, this setup is favorable for a bullish continuation as investor confidence grows. If momentum continues to build and Ethereum ( CRYPTOCAP:ETH ) maintains its trajectory, a pivot towards the $3,000 mark seems plausible, especially given the upcoming hard fork and increasing institutional interest. A Strong Community and Visionary Leadership Drive Ethereum’s Momentum Ethereum’s role in the crypto world goes beyond price movements and technical charts. Since its inception, Ethereum has fostered a decentralized ecosystem that enables users worldwide to create, transact, and innovate. Vitalik Buterin’s leadership has emphasized social good, community engagement, and technological advancement, allowing Ethereum to retain a strong community and global relevance. With ongoing developments like “The Splurge” and continued network upgrades, Ethereum ( CRYPTOCAP:ETH ) has deem fit to be a robust and scalable platform that can accommodate both the needs of developers and the demands of decentralized finance. ### Conclusion: Ethereum’s Path to $3,000 and Beyond Ethereum ( CRYPTOCAP:ETH ) is at a pivotal moment in its evolution, and current technical indicators and development updates signal a bullish future. With the imminent EVM upgrades, transaction fee optimizations, and the support of a vibrant community, ETH has the momentum to reach new heights. Investors should watch for a potential breakout towards the $3,000 pivot as Ethereum ( CRYPTOCAP:ETH ) solidifies its place as a leader in the blockchain space.
COINBASE:ETHUSDLong
by DEXWireNews
🔜 S&P 500. A key point between Bull Extension and Bear ReversalThe S&P 500 Index ( SPY) Wednesday closed down -0.22%, the Dow Jones Industrials Index DIA closed up +0.10%, and the Nasdaq 100 Index (QQQ) closed down -0.83%. Stocks Wednesday saw downward pressure from the +4.1 bp rise in the 10-year T-note and a sell-off of more than -2% in key chip stocks. However, the Dow Jones Industrials saw support from blue chips such as 3M (MMM), with a gain of +5.42%, and gains of more than +1% in Travelers (TRV), Chevron (CVX), Caterpillar (CAT), Home Depot (HD), NIKE (NKE), Goldman Sachs (GS), and Coca Cola (KO). Stocks on Wednesday gave back some ground after Tuesday’s +1.5% rally in the Nasdaq 100 index that was sparked by optimism that the U.S. Feb CPI report was not as bad as feared and the Feb core CPI dipped to a 2-3/4 year low of +3.8% y/y. However, the Feb headline CPI of +3.2% y/y was slightly above expectations of +3.1% and was 0.2 points above last June’s 2-3/4 year low of +3.0%. Both CPI measures remain well above the Fed’s +2% inflation target. Fed Breadcrumbs Fed Chair Powell said last week that the Fed is “not far” from having enough confidence to cut interest rates. However, the markets are discounting the odds at virtually zero that the Fed will cut interest rates at its meeting next week since inflation is still too far above target. The odds for a rate cut are much better for the June meeting. The markets are discounting the chances for a -25 bp rate cut at 1% for next week’s March 19-20 FOMC meeting, 13% for the following meeting on April 30-May 1, and 73% for the meeting after that on June 11-12. Economic Reports In some positive news for the housing market, the MBA mortgage applications index rose +7.1% in the week ended March 8, after rising +9.7% in the previous week. Mortgage purchases rose +4.7%, and refinancings rose +12.2%. The MBA’s average 30-year fixed mortgage rate in the latest week fell to a 5-week low of 6.84% from 7.02% in the previous week. The mortgage rate is currently only 13 bp above the 10-month low of 6.71% posted in December. On the U.S. economic report front, the markets are awaiting Thursday’s U.S. retail sales and PPI reports. Feb retail sales are expected to show an increase of +0.8% m/m, reversing Jan’s -0.8% decline. Feb retail sales ex-autos are expected to rise +0.5% m/m, reversing most of Jan’s -0.6% decline. The Feb final-demand PPI is expected to rise to +1.2% y/y from Jan’s +0.9%, but the core PPI is expected to ease to +1.9% y/y from Jan’s +2.0%. Interest Rates June 10-year T-notes (ZNM24) Wednesday closed down -7.5 ticks. The 10-year T-note yield rose by +4.1 bp to 4.192%, up from last Friday’s 5-week low of 4.034%. T-note prices saw weakness on (1) carry-over bearishness from Tuesday’s stronger-than-expected CPI report, and (2) Wednesday’s slight rise in the 10-year breakeven inflation expectations rate to 2.31%. T-note prices also saw supply overhang with the Treasury in the market again Wednesday, along with strong corporate bond issuance. The Treasury Wednesday sold $25 billion of 30-year T-bonds, after selling $54 billion of 3-year T-notes on Monday and $42 billion of 10-year T-notes on Tuesday. Inflation Fears Oil prices rose about 3% to a four-month high on Thursday (March 14) on a surprise withdrawal in US crude inventories reported on Wednesday (March 13), a bigger-than-expected drop in US petrol stocks and potential supply disruptions after recent terrorist Ukrainian attacks on Russian refineries. Putin says Ukraine trying to disrupt Russia's presidential election. Brent crude oil futures rose to nearly $85 per barrel - the highest mark since November, 2023. In technical terms, crude oil futures are on positive path in 2024 with near 9% YTD return, attempt to hold firmly above weekly SMA(52), while the epic triangle' breakthrough can be nearby. High Risk - High Reward S&P500 index (SPY) is on positive path in 2024 with +9.28% YTD return in this time. This is a 3rd highest YTD return by this time of year, next to 2012 and 2019 returns by mid-March. Technical graph for S&P500 indicates that we are near upper line of upside channel, thanks to recent Santa rally and slight signs of US Govt Treasuries buyout in Q4 2023. Following this path, there can a possible Bull extension, as Reversed Head-and-Shoulders Price Pattern can be in further development. On the other hand, inflation fears can extend also, just to erase all the Bullish gain in 2024.
AMEX:SPY
by Pandorra
Wheat and Fertilizer Futures: A Cash Cow for War Mongers In this layout I have Black Sea Wheat and Corn, Australian and Ukrainian Wheat, and 4 main Fertilizer (UREA) Futures. Conflict and Wars are good ways for Financial Institutions like Black Rock and State Street Corp oration to make a lot of money. What better way than to destroy the wheat fields/silos themselves and profit at the same time? These markets are built in blood and they are sitting on Advanced Fibonacci Blueprints showing who is really in control. Volatility may be seen as many Russia pulled out of the Black Sea Grain Deal. Wheat supplies will undergo straining for the foreseeable future.
CBOT:AUW1!Long
by MichaelBsul
WHEAT BULLISH SCENARIONKyiv's goal is to establish direct access for international ships to their Ukrainian seaports for loading grain. However, Russia has reacted strongly to this development, stating that ships heading to Ukrainian seaports may be treated as potential military targets. The consequences of these actions by Russia have not only affected Ukraine but have also raised concerns globally. The United Nations has warned of a potential food crisis in the world's poorest countries due to Russia's decision to abandon the grain deal, which was brokered by the U.N. and Turkey. Ukrainian officials claim that since Russia's departure from the grain deal, they have targeted 26 port facilities, five civilian vessels, and approximately 180,000 tonnes of grain in a series of strikes over nine days. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FX:WHEATFLong
by legacyFXofficial
1
Wheat predictions: How winding up grain deal blows up the price The world is "not optimistic" that the grain-export corridor that has allowed it to ship more than 30 million tons of crops amid the Russia - Ukraine tensions will be extended beyond July, the country’s infrastructure minister said Wednesday. The efficiency of the Black Sea corridor is faltering and crop volumes are declining. Even if prolonged, it won’t be as helpful in offloading the nearing 2023 harvests in its current state. "We are doing our best in order to maintain this initiative", - Mr. Kubrakov (who signed the deal) said. The deal — which was brokered by the United Nations and Turkey — has helped lower world food prices and maintain a sector that is vital for Ukraine’s economy. It is next up for renewal on July 17, nearby July, 2023 CBOT:ZWN2023 Wheat Futures contract expiration. Russian President Vladimir Putin already signaled that his nation may quit the pact, though the UN has urged all parties to press on. There are no prerequisites for extending the grain deal, Mr. Peskov, press secretary of the Russian President said on June 21. The deal has recently been plagued by a persistent slowdown in ship inspections, and Russia’s refusal to approve vessels headed to one of the three ports it covers. Some 1.3 million tons of crops were shipped via the corridor in May, less than a third of the peak in October, UN figures show. The technical picture indicates, Wheat Futures contracts are heading up for the 5th consecutive weeks in a row, second time since Q1 2022, last time due to widely known tensions between Russia and Ukraine. With almost 30 percent gain from 2023 low near 575 cents per bushel, the price breaking up 1/2-year simple moving average, with further upside opportunities, up to 800 cents per bushel.
CBOT:ZWN2023
by Pandorra
1
WEAT- an agricultural ETF for wheat futures.WEAT is essentially tracking wheat future contracts of various lengths. Importantly, the war in Ukraine took a disastrous turn when the Russians sabotaged a major dam subjecting thousands of acres of farmland to potential flooding and compromising the cooling pools for the nuclear electric generating plant that services a multitude of people. Urkaine is sometimes called the the breadbasket of the world due to its wheat crops which are due to be harvested. Flooding will disrupt or prevent harvesting altogether. The 15-minute chart here shows movement of WEAT price over the first part of this month. While WEAT does not offer s high reward ROI, it is a low-risk trade for a reasonable return. The issue in Ukraine in dire and will not resolve easily; its impact on wheat prices cannot be overstated.
AMEX:WEAT
by AwesomeAvani
Wheat (World) - Short Bias; Cheap Ukrainian wheat everywhere!Sure, it is winter in the northern hemisphere so why even bother with the grains at all? ... ... Because cheap Ukrainian wheat had absolutely flooded European markets, so much so that very soon they will have to start dumping some of it into the ocean! (Right now, they are trying to air out these mountains of grain, so it wouldn't mold, but that will go only so far.) Normally, this time of the year, 55-60 ships per week get loaded with Ukrainian wheat, headed for Africa and Asia. As of last week, these numbers are down to 19 ships . Russia closed the Bosporus to Ukrainian wheat (and oil seed) shipments. As an alternative solution, Ukraine is shipping most of its harvest to the EU - mostly Poland & Germany - to load it on ships in those ports. - But guess what ... ... shipping it all to Europe AND THEN load it onto ships makes the whole proposition economically non-viable. (Well below producer cost.) So now, the endless trainloads of grains, continuously pouring into the EU, gets dumped all over EU markets (at 40%-60% discounts!) because long empty local silos are all filled to capacity. There is now zero (0) storage capacity left anywhere in Europe! (... and the endless trainloads just keep on coming.) ... making this trade - not a monster - rather a no-brainer. (Like free beer)
CBOT:ZW1!Short
by Nemo_Confidat
10
Rheinmetall bullish ascending triangleThe ascending triangle points to a potential increase in the value of Rheinmetall's stock. These indicators include a bullish trend in the stock's price over the past several months, positive momentum, and strong support levels. Additionally, historical data shows that Rheinmetall's stock tends to perform well during times of military threats or escalations, which may indicate that current global events could be contributing to the stock's upward trend. Hopefully, the war in Ukraine will come to an end, but Rheinmetall is still looking strong, possibly indicating an upcoming real-world event. It is important to note that technical analysis is not a guarantee of future performance and should be considered alongside other forms of analysis such as fundamental and news analysis. Additionally, it is also important to consider the company's overall financial health and any recent company-specific news or announcements.
XETR:RHMLong
by murkser
1
EURCAD CHART ANALYSISI believe that the last retracement of the price towards the trend line on EURUSD was due to the pressure of the ECB to contain inflation recently. Certainly, there were rumors that the Russia-Ukraine conflict might be taking a turn. Considered the possibility that the Ukraine-Russia conflict would escalate, and sure enough. The best opportunity given this escalation of the conflict was against the CAD, given that it would benefit from the rise in oil prices that the risk-off environment entails.
Short
by Elite_Forex
BTC Analysis - Macro Perspective (CoV, QT/QE, War, Inflation)1. Quantitative tightening and inflation continue in the first months. Bitcoin visits old ATH, , then increasingly stabilize as inflation comes more or less under control in the coming months. 2. Energy prices will stabilize and fall: OPEC has announced to increase oil production capacity from june, this will significantly alleviate the global situation and to stabilise inflation overall. 3. Peace treaty in and before winter in Ukraine is very likely and also politically wanted (by Germany, Austria, Switzerland and Hungary to avoid a hard recession, check the past days sentiment) Option A: Corona's impact in winter will not be as bad as in the last years, China will stick to its no covid strategy for the time being, but will change it in favor of imports and exports. Option B: (Orange additional deviation in the chart) Corona's impact in winter will be as bad as in the last years, at least in the beginning, but with increased immunity of the citizens and better precautions, Corona will be gone faster. China sticks to no covid strategy 5. money printers come back to work (probably around end of Q1/mid 2023), quantitative easing comes back. All-time high of Bitcoin in late 2023/early 2024 This is just a hypothesis and my subjective opinion. This is not a recommendation to buy or sell or trade bitcoin. Do your own research and never buy more than you can afford to lose
BITSTAMP:BTCUSDLong
by Lobotto
2
Lest we forgetHas the wheat market been forgotten? With wheat prices almost back to early February levels, right before the start of the Russian-Ukraine conflict, markets seemed to have erased all fears of a tightening wheat supply due to the conflict. The recent selloff in wheat partially stemmed from the market belief that the situation in Ukraine is improving and that exports will be resuming. But with today’s news of missile strikes at Ukraine’s Odesa port, which serves as one of the main port for grains export, we think that the narrative for wheat is about to turn around with further fear and supply tightening on the horizon. Looking at the chart, wheat is now sitting on a long-term resistance-turn-support level around the 850 mark. RSI recovered from deep oversold territory and is now grinding back upwards. On a shorter timeframe, we also see a falling wedge, which is seen as a bullish signal. The combination of markets over-correcting to pre-conflict levels and bullish signals from current technical indicators provides a buying opportunity as we head into another period of uncertainty for wheat. Entry at 842, stops at 752. Target at 1000. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
Editors' picks
CBOT:KEZ2022Long
by inspirante
11
Bullish Triangle on Oil ETFCrude oil has been one of the strongest assets in 2022 as economies reopen and war drives up energy prices. This chart of the U.S. Oil Fund highlights the series of higher lows since mid-March. Prices have remained trapped below roughly $82 during this period, but closed above the level on Monday. Will that potential breakout draw buyers from the sidelines? Second, the 50-day simple moving average (SMA) has provided support as prices consolidated. That may suggest the longer-term uptrend remains in effect. Third, MACD is turning positive after falling for the last two months. Finally, energy stocks have remained the strongest sector this year. That could reflect underlying confidence in the underlying product. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
AMEX:USO
by TradeStation
Ascending Triangle in Lockheed MartinSafe havens like consumer staples and pharmaceuticals have advanced this year as technology struggles . Defense stocks including Lockheed Martin are following a similar trajectory. LMT broke out to new highs in late February after Russia invaded Ukraine. Notice the series of higher lows in the past month with prices sitting below the high of $480. That’s a potential bullish ascending triangle. Next, the stock is only now breaking out above its old high from February 2020. In other words, it was neglected for two years during the pandemic, but is now gaining strength as other areas fade. Are tech sellers rotating into the sector? (Peers like Raytheon, Northrup Grumman , General Dynamics, and L3Harris Technologies have similar charts – another sign of broader portfolio shifts .) Finally, LMT’s 50-day simple moving average (SMA) rose above its 200-day SMA in early February: a potentially bullish “golden cross.” TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:LMT
by TradeStation
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%. The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine. Spotlight on the currencies of Ukraine’s neighbours The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022. The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%. Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
by BlackBull_Markets
1
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%. The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine. Spotlight on the currencies of Ukraine’s neighbours The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022. The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%. Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
by BlackBull_Markets
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%. The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine. Spotlight on the currencies of Ukraine’s neighbours The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022. The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%. Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
by BlackBull_Markets
Bears Are Giving Up Already?Weekly Time-frame Awesome Oscillator is already bullish we printed green volume for weekly volume. We are about to test the supply area were we always get a rejection, if we hold this time it can flip it and turn it to base and start another rally to the upside. 1D Time-frame Greed and Fear index is now #31 which is fear only. seems like we are holding on this area and we are gonna start pumping again as we have printed a bullish engulfing candle pattern. RSI is also bullish above its Moving Average (MA). We are currently resting in the demand zone that is why we are bouncing as we touch the $42,000. Supply Area that needs to turn as Demand Area is in $43,000 - $46,000. If we touch the demand area we can expect more to the upside. 4H Time-frame Our signal last night is now in profit. We just hit the entry in $42000 now its starting to be profitable. We are hoping that this base demand area holds so we can pump and break another Supply Area. RSI and AO are all bullish. Long position liquidated reach up to $66M which cleared the way to the upside. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.PLong
by Trade_Scholar
Are We Yet To Form Support?Weekly Time-frame Bitcoin pump! Is this a sign for the rally to the upside? 82% of Bitcoin short are now in loss. Is this a sign to the upside or it will trigger a dump? We don't know. What we know today the Greed and Fear index is in #24. Which is Bullish. 1D Time-frame Daily time-frame we have reach the bottom already. We can expect more to the upside. As our Awesome Oscillator are now in bullish twin peaks. We tried breaking the thin cloud as I have mentioned in the past that it will punch through this wall of resistance. 4H Time-frame Awesome Oscillator (AO) is Super Bullish. The long wicks needs to be filled somehow so we have more to the upside. Once we break $39,235 it will fly again to the upside. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.PShort
by Trade_Scholar
🛢️ CRUDE OIL - Time for a New Rally 💀War is on and the Oil correction could be over right now. Price dropped below 100$ (we were quiet surprised to be honest) and perhaps it's time to load ong positions on, again. There are 2 fundamental factors for this correction: 1. Russia indicated it is in favor of the Iran nuclear deal resuming as soon as possible. Ceasefire talks between Russia and Ukraine further eased fears of supply disruptions and surging COVID-19 cases in China fueled concerns about slower demand. 2. Ukraine hopes, China lockdowns : Hopes for a diplomatic solution in Ukraine continued to weigh on oil prices Tuesday, along with COVID-19 lockdowns in China, pushing prices of both Brent and U.S. crude down to levels not seen in two weeks There are bigger reasons why the price could bounce back up next: War in Ukraine and Inflation. We are going LONG here. Do your own research and ride the Bull (or the Bear). Good luck to all. One Love, the FXPROFESSOR
TVC:USOILLong
by FX_Professor
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