On the 4H chart, bitcoin is showing bullish momentum. Prices completed a triangle pattern indicating further gains. However, BTC is currently in this bullish mode and could rise further. If it goes up to 75K, I set all possible bullish targets and where there will be adjustments. Thank you and good luck!
GBP/USD edged lower in European trading on Monday (October 21), but remained above 1.30. Attention turns to the upcoming data release as the UK consumer price index fell markedly to 1.7% from a year earlier, below market expectations of 1.9% and the BOE's 2% target. Thursday's flash U.K. Purchasing managers Index and BOE Governor Bailey's speech at IMF meetings...
The dollar index continued its strong run, benefiting from rising interest rates in the US and falling rates in other major economies. As expectations grow that Donald Trump will win the November 5th election, investors are betting that his policies will keep interest rates high, supporting the dollar. Its planned tariffs and tax policies, in particular, have led...
WTI crude oil rebounded sharply on Monday (Oct 21) during European trading hours, as traders look to establish new support levels after a sharp 7% drop last week. Last week was the market's worst weekly performance since early September, amid concerns over demand and as concerns over supply disruptions in the Middle East eased. Weak oil demand Despite the weak...
On the 4H chart, gold shows an upward stance. After a few days of stability, the situation now suggests a reversal. On the dollar's recent strength and the potential for instability ahead. Gold can take advantage of this bearish pattern for now and could fall further. If it falls back to the 2600 area, I set all possible bearish targets for each stage.