“Tomorrow’s December payrolls figures and Wednesday’s December CPI print (economists expect a 5.2% YoY increase) should firm up expectations for a 25bps hike by the BoE roughly two weeks from now (~90% priced in). “A perfect combination of strong data and hawkishsounding BoE speakers would likely lead the GBP to a test of 1.38, at least, to then set the 1.40...
In addition to bitcoin, other assets that generated a significant share of the payments BitPay processed in 2021 included ethereum (ETH), with a 15% stake, and stablecoins, which generated a total of 13%. The increased popularity of stablecoins in crypto payments is partly due to the fact that more businesses have started to use them for cross-border...
The cryptocurrency market turned bullish after yesterday's Fed meeting and today's reports. Bitcoin entered the selling zone, followed by all major coins. I will be looking to buy crypto in the near future.
The instrument has been trading in a downward corridor since April 2021. Yesterday the pair reached the lower boundary of the corridor and is likely to go up. My first target will be the resistance at 0.84500. The second profit can be taken at the upper boundary of the descending corridor.
2022\01\04 The instrument found its bottom and pushed off from it. It looks like a correction so far, but if the Euro overcomes the resistance at 1.0600, we will be able to talk about a trend reversal. I will look for buying if the price breaks the resistance line.
The instrument is trading in the low corridor. On Wednesday 01/205, the price pushed back from the lower boundary of the corridor and is likely to move up, where I will look for buying opportunities.
LTC continues downward movement according to the trend from 2021/207/10. Recently this pair has broken through the support area141 and now it is testing the support 128. I will look for selling opportunities until the next support at 104. Only if the LTC price breaks the trend line and fixes there, we will see an upward correction.
The British pound reached its 202201/2005 top and began its pullback or correction. I will look for selling opportunities to the first support level. Only a close below the resistance level of 158 will change my plans.
We have been seeing a downward trend since 2021/207/10. Right now bitcoin is trading near a strong support zone of 45500 - 46000. If the price breaks this zone, Bitcoin may fall to the next support at 40500. I will look for selling opportunities in this zone. Only if Bitcoin price breaks the trend line and then breaks the upper boundary of the resistance zone at...
The instrument trades at the strong resistance of 0.8700 - 0.8350. Fundamental analysis shows that all crypto market is moving down (except some altcoins). If the price pushes back from the resistance zone and goes down, the next support level is at 0.7800. If the price pushes back from the operatic zone, it is possible
Cardano is down almost 3% and there was a move below the USD 1.32 level. It is now trying to recover, but, if it fails, a clear move below USD 1.30 might start a stronger decline in the coming sessions.
If Bitcoin does not hold support at 46145, the door will be open to the bottom at 40500. I will look for selling opportunities below 46145 support.
Despite the fact that the two major cryptocurrencies collapsed on the eve Polkadot stuck to his scenario and up from 2022.01.01. If the trend line will not be broken, we might see the price growth to the intermediate resistance around 35.72, and then to the strong resistance 38.11
The gold price encountered strong resistance at 1829 and began to pull back. If the price closes below 1825, we might see a pullback to 1800. If it breaks through the support at 1800, it might get to the next support at 1767.
Based on the fundamental analysis of the euro, the inflation in Europe has reached its level and the prices will fall, this will strengthen the euro. I will look for opportunities to buy the Euro. Only if the price breaks the trend line, it will be possible to talk about a bearish scenario.
The pair is trading under the strong resistance zone of 155 - 158. Shortly no key events are expected for this pair, so most likely the price will go down. I will look for the opportunity to sell at 155 - 149.
The Japanese yen is now in a bullish trend from 2021-01-06 with a slight correction from 2021-09-21. If the yen breaks through the 115.600 level and holds there, the road to 18.600 will be clear. I will look for buying opportunities in that area. Only a drop below 112.746 may reverse the trend
The entire crypto market lost a few points. In the case of bitcoin, we may see a correction to 88694.80, but the price has not reached the nearest support line. I will look for short term buying opportunities if the price rises and holds at 50000