17.01.2024 Bitcoin analysis BTCUSD Bitcoin fell 2.5 percent as the flow continued to point to a disappointing ETF launch. Don't ever listen to people who provoke you by playing with random numbers. The spot ETF may not work for some who expect it to be like a white winged horse, or a point of hope for a jump or, conversely, a sharp fall. We are in the fourth day...
50 thousand dollars could attract Bitcoin like a magnet Bitcoin buyers spent every moment trying to conquer the higher climbs, up 6% from the first day of trading, and market watchers were seeing huge amounts of money pouring into each of the Bitcoin ETFs, and how much in Grayscale GBTC The Trust remains in the process of becoming a proper ETF. I think these...
EURUSD 11.01.2024 Daily chart: We can see that EURUSD recently bounced above the key trend line around the 1.09 price level, where we have the 61.8% Fibonacci retracement level to cross. This is where buyers with defined risk around the trend line stepped in to push the price to a new high. On the other hand, sellers should break the price below the trendline to...
Gold is consolidating around a key support zone. what next Gold has been stuck in a consolidation lately as the market awaits the US CPI release scheduled for today. In the big picture, gold should be supported as we get closer to a rate cut cycle. Moreover, even if the CPI data is hot, the figures should look much better in the second quarter as the higher...
WTI has stabilized in the $70-$74 range over the past two weeks as the market remains uncertain about future supply and demand prospects. On the supply side, the tensions in the Red Sea are still there, and the change in the route of the ships will increase the transportation costs. On the other hand, Saudi Arabia announced on Monday that it will lower its...
GBPJPY The BoE left interest rates unchanged at the latest meeting as expected as they reiterated that they will keep interest rates high enough to return to the 2% target. daily chart, We can see that GBPJPY is now at a key resistance around the 184.45 level. This is where we can expect sellers to come in with defined risk above the level and the price will drop...
Technical analysis of gold Last Friday, after the publication of two important economic reports, gold had sharp movements on both sides. The US NFP report beat expectations, so the market initially moved lower, but after a few minutes, the price reversed as the data was not as good as it seemed. A little later, we had the ISM Services PMI and that's where the...
Technical analysis of WTI crude oil Crude oil rose following the Federal Reserve's pivot and strikes in the Red Sea in the final week of December as the market worried about another inflationary stimulus due to higher demand from easing financial conditions and supply disruptions. These fears were allayed by the United States setting up a multinational task force...
This week will be a busy week for the dollar So, we try to identify the key resistance and support levels of the dollar in the currencies EURUSD, USDJPY, USDCHF, XAUUSD.
CHF The strongest and AUD is the weakest US dollar struggles to hold on to gains despite rising yields The two spots we are seeing are the low-yielding Japanese yen and the Swiss franc. Both have been very strong this week, with USD/JPY hitting its lowest level since July earlier today at 140.66. USD/CHF has also exploded over the past two days. Gold ended...
AUD the strongest and Yen the weakest The Japanese yen is one of the primary contenders and the most interesting major currency in 2024 Will the fall of the dollar be the story of next year? Gold on the verge of another record EURUSD Climbs to New Highs: What's Next?
AUD the strongest and Yen the weakest The Japanese yen is one of the primary contenders and the most interesting major currency in 2024 Will the fall of the dollar be the story of next year? Gold on the verge of another record EURUSD Climbs to New Highs: What's Next?
Oil analysis and its effect on USDCAD XAUUSD gold analysis And the effect of Russian elections on the gold market The vision of central banks in 2024
AUDUSD Moving towards the important resistance zone can indicate another bullish signal. AUDUSD is making new daily highs and approaching the critical resistance zone between 0.6806 and 0.67805. A break of this swing zone reinforces a significant bullish outlook. --- USDCAD Hit a 4-month low, with sellers taking control and testing a key swing zone, USDCAD trades...
USDJPY analysis The USDJPY currency pair is trying to break two very strong support and resistance levels And what kind of trend will we have from now on?? What is the long term outlook for USDJPY?? In what situation did Japan put the yen??? To what extent does the Zapen Central Bank support the yen?? Process USDJPY Is it ascending or descending?
EURUSD analysis The EURUSD pair is climbing again towards 1.10 And what kind of trend will we have from now on?? What is the long-term outlook for EURUSD? What is the situation of the euro? To what extent does the European Central Bank support the Euro?? Is the EURUSD trend up or down? What is the next level of EURUSD?
18.12.2023 Oil analysis WTIUSD The Red Sea raised the price of black oil by $3 What will the oil giants decide for the Red Sea??? What is the condition of crude oil? What effect does the events of the Red Sea have on the price of crude oil and commodities? Is WTIUSD bullish or bearish? What is the next level of WTIUSD?
As Europe closes, EURUSD approaches key support, where buyers may be preparing for a possible trend reversal EURUSD is hitting lows, but the 1.0900 support level may hold, a focus on this level and further examination of this level is necessary for continued bullish bias or further bearish examination. EURUSD has hit lows in the past week, but as I mentioned in...