Crypto Industry News: The cryptocurrency industry has finally achieved its goal. It has become more valuable than the entire American banking system. As Jim Bianco of Bianco Research noted, the total value of the cryptocurrency market surpassed the S&P Composite 1500 Banks index, which tracks the performance of publicly traded banking institutions in the US. […]

GBP/USD – 1H. According to the hourly chart, the quotes of the GBP/USD pair rebounded from the upper limit of the upward trend corridor yesterday, a reversal in favor of the US currency and began the process of falling. Already tonight, they reached the corrective level of 61.8% (1.3820), below which a close can be […]

Crypto Industry News: The internet profile of the anonymous creator of Bitcoin, Satoshi Nakamoto, indicates that he is just 46 years old. Eighty-eight years ago, the US federal government issued Decree 6102 making it illegal for citizens to own gold. This historic move in the government’s monetary policy was immortalized in the context of Satoshi […]

USD/CAD increases aggressively being located at 1.2602 level at the time of writing after failing to extend its decline. As you already know from my previous analyses, USD/CAD could develop an upside reversal if it escapes from the major down channel. Now is traded above the downtrend line, but we still need confirmation that the […]

Technical Market Outlook: The EUR/USD pair has retraced 61% of the last wave down and hit the level of 1.1879 and the market conditions are now overbought. The market bounce had been capped at this level so far and the local low was made at the level of 1.1799. This is the technical support for […]

Technical Market Outlook: The GBP/USD pair reversed towards the level of 1.3790 after the key short-term technical support at the level of 1.3850 was broken. The market is coming of the overbought conditions and the price is approaching the lower channel line located around the level of 1.3765. The next technical support is seen at […]

ETH/USD is trading at the 2,101.45 level trying to break a dynamic resistance after invalidating a new strong drop. The bias remains bullish after passing and stabilizing above 2,040 former all-time high. Ethereum should jump higher if the price of bitcoin continues to increase after its temporary consolidation. ETH/USD Towards Fresh Historical Highs! ETH/USD is […]

Silver bottomed nicely above key-support at 23.14 and the ending diagonal now looks complete and all we need is a break above the ending diagonal resistance-line at 25.36 to confirm the completion for a rally to the beginning of the ending diagonal at 30.10 and a break above here will activate a large Cup with […]

USD/CHF plunged in yesterday’s session. Now it stands below broken downside obstacles. It seems a little undecided in the early morning as the USDX changed little as well. The pair dropped as the US Dollar Index has resumed its correction. The Average Hourly Earnings published on Friday and the Factory Orders data released on Monday […]

Gold finally seems to have completed the correction in wave 4 and all we need is a break above minor resistance at 1,756 to confirm that wave 4 has completed and wave 5 to above the peak in wave 3 at 2,075 is developing. Short-term we seen support at 1,722 and of course key-support at […]

Visa’s announcement that the company will agree to use Ethereum for transactions on its payment network is an ultimate indication that the mainstream financial industry is embracing virtual currencies. Visa’s decision is the first time a major payment company has allowed such a currency to be used for payments. The growth of the specified crypto […]

BTC/USD remains below the key neckline resistance at $59,800. For the inverted head and shoulders pattern we mentioned yesterday to be valid and activated, price must break above this resistance area. Blue lines- bullish channel Red line -neckline resistance Pink lines – expected upward move size if neckline is broken BTC/USD has support at $55,000. […]

Gold price is breaking above short-term resistance levels. Gold price as long as it holds above $1,710-20 support which was previously resistance, should continue higher towards $1,780 at least. Gold price is expected to move higher towards cloud resistance. Gold price has broken above the kijun-sen (yellow line indicator) in the Daily chart. Support by […]

The previous episode of upside movement was expressed above the depicted uptrend line (in blue) towards 1.2250 then 1.2350 before it was broken to the downside. By the end of February, Near the price level of 1.2250, Significant SELLING Pressure was found, leading to the current downside movement. The price zone around (1.1990) corresponds provided […]

In late February, a recent bullish spike has pursued towards 1.2150 – 1.2175 (backside of the broken channel limit) where bearish rejection was previously anticipated. Further bearish decline was expected to pursue towards 1.1960 and 1.1850. Both levels got broken to the downside, soon enough to enable further bearish decline afterwards. However, a Short-term sideway […]

Gold prices edged up on Tuesday amid falling US Treasury yields. The June gold futures contract rose by 0.51% to the level of $1,736.13 per troy ounce. Silver futures for May, by the way, added 1.12% to $25.058 per ounce. Yesterday, the yield on the benchmark U.S. 10-year Treasury note was characterized by high volatility. […]

Businessman and best-selling author Robert Kiyosaki said Bitcoin could grow to over $ 1 million in the next 5 years. “I bought bitcoin when it was still worth 9,000. I called it a robbery, but now that it is worth $ 58,000, I consider myself a genius. I guess it will grow to $ 1.2 […]

Eurozone April Sentix investor confidence 13.1 vs 6.7 expectedPrior 5.0A solid beat in the headline reading, jumping to its highest since August 2018. This reaffirms the more upbeat mood surrounding economic expectations moving forward.We’ll see how the vaccine rollout progresses in the coming months though to be sure but a Bloomberg report just out says […]

Let’s take a look at the technical picture of AUD/USD, NZD/USD, Gold and Silver after the RBA decision was made. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical analysis of Ripple for April 6, 2021 April 6, 2021 Ripple has rallied nicely through resistance at 0.60 and more…Technical analysis of Litecoin/USD […]

Gold decreased a little after reaching 1,730 Friday’s high. The decline was expected after registering an amazing rally. Technically, the yellow metal could continue higher if it stabilizes above the broken obstacles. The price bounced back from a major static support area and it could develop a double bottom reversal pattern. A temporary retreat, decline, […]

Saudi energy min. Voluntary oil cuts will be eased by 250K, 350K and 400K from MayThe Saudi Energy minister is saying that they will ease voluntary oil cuts of 1M B/D by 250K, 350K and 500K from May to July. He added that OPEC+ remains cautious. He said that he did not discuss oil markets […]

Let’s take a look at the technical picture of EUR/USD, USD/JPY, GOLD and USDX ahead of NFP-Payrolls data release. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis for April 02,.2021 – Test of the major… April 2, 2021 Further DevelopmentAnalyzing the current trading chart of BTC, I found…Analysis of Gold […]

Silver trades at 24.957 at it seems strong enough to approach and reach new highs. The price turned to the upside after reaching a strong support area. The USD’s depreciation versus its rivals in the short term helped the price of gold and silver to turn to the upside after a massive drop. The price […]

Gold price is trading at $1,727 and is now challenging important short-term resistance. At this trend line price got rejected recently and if bulls manage to recapture the $1,720-40 level, then the road for $1,780-$1,800 is open. Bulls do not want to see another rejection at current levels. Red line -resistance Green lines – bearish […]

The BITCOIN this morning of the American session in 4-hour charts is trading above the SMA of 21 and above +1/8 of Murray with a strong bullish trend. Goldman Sachs is preparing to offer Bitcoin to its customers, just as PayPal allows payments with BTC, many more companies, are allowing cryptocurrencies in their payment portfolio, […]