Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines. On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst Mike
admin
Trendline cuts across at 1.1722 The EURUSD is traded to a new session low and in the process is testing a swing area between 1.1723 and 1.17264 and a lower trendline at 1.1722. Drilling to the five minute chart below, the price corrected in the Asian session into the European session and in the process moved above
The bounce after the European close fades There was a nice bounce after Europe logged off but it’s faded in the last 40 minutes. The S&P 500 is now retesting the lows of the day. It’s a pivotal moment here for risk assets into the weekend. That said, even if we get a terrible close
New Delhi: Gold in the national capital on Friday tumbled Rs 1,130 to Rs 45,207 per 10 grams reflecting overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,337 per 10 grams. Silver also plunged Rs 708 to Rs 60,183 per kg,
Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. YOUTUBE https://www.youtube.com/channel/UCSaDiG2pyrrZ2hJuAGw3OmA EMAIL: fxkampala@gmail.com FACEBOOK: https://www.facebook.com/fxkampala/modal=admin_todo_tour INSTAGRAM: https://www.instagram.com/fxkampala/ TWITTER: https://twitter.com/IsmaSewankambo WHATSAPP: +256757097947 / +256786770085 BROKERS templerfx https://dashboard.templerfx.com/login/sign_up/409121 hot forex https://www.hotforex.com/?refid=348857
Hey guys, this is my personal strategy video that I use to trade every day. It is beginner friendly and can be used across all markets. If you have any questions about it please leave a comment. If you are interested in the indicators, please join our discord and feel free to sign up for
Overall markets are relatively quiet today so far. Yen continues to reverse this week’s gain as risk sentiment appear to have stabilized. Dollar also softens while Sterling dips mildly after poor retail sales data. On the other hand, commodity currencies are recovering, as lead by Canadian, which is then supported as WTI oil price stays
The European Central Bank (ECB) Governing Council member Martins Kazaks crossed the wires in the last hour and said that there is no reason to expect permanently hot inflation. Additional quotes: The ECB inflation outlook is likely to be revised higher. Doesn’t see the 2% price goal reached in the medium-term. Market reaction The remarks
FX showing little poise for the most part to start the day The greenback is mildly weaker to start the day but it isn’t saying much when we’re seeing major currencies keep in narrow ranges: EUR/USD: 14 pips (1.1759-73) USD/JPY: 23 pips (109.68-91) GBP/USD: 20 pips (1.3784-04) USD/CHF: 16 pips (0.9265-81) USD/CAD: 23 pips (1.2667-90)
GBP gains ahead? The Bank of England has been pretty pessimistic for quite some time in its rate statements. However, reading the details has meant that signs of optimism keep sitting under the surface. The last central bank meeting was no different with both growth and inflation revised higher again. he BoE see GDP staying
NEW DELHI: Gold prices held steady on Friday, after a sharp fall in the previous session. A firmer dollar dented the metal’s appeal as investors await a key US Federal Reserve meeting for clues on the central bank’s taper plan. Gold futures on MCX were marginally down 0.06 per cent, or Rs 26, at Rs
Dollar jumps sharply in after data shows strong rise in retail sales, versus expectation of a decline. The data also raises optimism that it’s just the start of resurgence in consumer demand, as the world is exiting the pandemic with fast vaccinations. Canadian Dollar is following closely as the second strongest for the day. On
EUR/USD bulls step up at a critical level and target a break of hourly resistance for the final sessions of the week. ECB sentiment turns hawkish, lifting the euro out of the doldrums on Thursday. EUR/USD is attempting to correct the hourly bearish trend in late New York, running up to hourly resistance near 1.1770.
Noh Woong-rae, a member of South Korea’s National Assembly and a representative of the country’s ruling party, reportedly plans to postpone a bill clarifying the taxation of crypto until 2023. According to a Thursday report from Naver News, Noh said the Democratic Party of Korea plans to push back against the intention of South Korea’s
A topside swing area between 151.44-151.59. Lower swing area between 150.813-150.865. The GBPJPY fell to the lowest level since August 27 during yesterday’s trade. That move bottomed at 150.813 which was within a swing area between that level and 150.865. The price moved back higher and stalled near another swing area which includes the 38.2% retracement at 151.440 and swing
Crude now flat on the day The oil bulls are having another good day. Crude was caught in the downdraft from the dollar strength earlier today and the retracement in natural gas prices. That took crude down to $71.53 but it’s since climbed all the way back to $72.70 for a slight gain on the
New Delhi: Gold in the national capital on Thursday plunged Rs 491 to Rs 45,735 per 10 gram amid a decline in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,226 per 10 grams. Silver also tumbled Rs 724 to Rs
Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com Check out my Coaching Product: https://www.robbooker.com/resources/lp/1000-per-day/ Subscribe to the channel here: https://www.youtube.com/user/robbooker?sub_confirmation=1 My Gear: My favorite trading computer: https://amzn.to/2Lj37AA My giant monitor: https://amzn.to/2EwfPuU My favorite computer of all time: https://amzn.to/2Lj4mQg The camera I use: https://amzn.to/2EtMZvq The other camera