As soon as Bitcoin started to spread its wings a bit, predictions of its bright future with an astonishing price began to appear. Standard Chartered believes that the crypto winter is over, and by the end of 2024, BTCUSD quotes will reach a new record high of 100,000. The main reasons cited are turmoil in […]
The ending week has been extremely volatile for Bitcoin due to a series of important events. In total, over 80,000 traders’ positions were liquidated during the week, amounting to more than $400 million. Despite the excessive price movement variability, the asset managed to maintain its bullish structure. The local corrective movement of BTC ended near […]
Technical analysis: Gold has been trading downside yesterday but I found strong rejection of the key support at the price of $1.973. I see potential for the further upside movement. Due to the rejection of the key support in the background and the strong upside cycle on higher time-frames, I see potential for the further […]
Crypto Industry News: A new report by the Congressional Research Service (CRS) has found that crypto losses did not cause the collapse of Silicon Valley Bank and Signature Bank, or even Silvergate. It was the fear of exposure to cryptocurrencies that was the driving force behind the bank run. CRS, a non-partisan agency that acts […]
With the appearance of deviation between price movement of Bitcoin cryptocurrency on its 4 hour chart with MACD indicator as well as the occurrence of the Golden Cross intersection between MA 20 and MA 50 so that in the near future Bitcoin has the opportunity to rally up but before that happens Bitcoin will be […]
Early in the European session, Gold (XAU/USD) is trading around 1,988.68 below the 21 SMA and below the 200 EMA. On the chart, we can see a consolidation of gold between a high of 2,009 and a low of 1,974 which has been oscillating for the past few days. Yesterday the price of gold fell […]
At the time of closing at the New York Stock Exchange, the Dow Jones rose by 1.57%, the S&P 500 index increased by 1.96%, and the NASDAQ Composite index went up by 2.43%. Investors also paid attention to statistics. According to the first estimate, the US GDP in the first quarter grew by 1.1% on […]
Blue rectangle- key short-term support Violet lines- Fibonacci retracement levels Silver is trading around $24.60. Price is forming lower highs and has challenged for the third time the key horizontal support of $24.50. Price action has shown how important the support level of $24.50 is. The horizontal support has been tested so far three times […]
Gold price is trading around $1,980. According to the Ichimoku cloud indicator trend remains bearish as price is still below the Kumo (cloud). Price got rejected at the cloud resistance of $1,997 and this is a bearish sign. Price is trading below both the tenkan-sen and kijun-sen indicators. The Chikou span (black line indicator) is […]
US stock index futures grew ahead of the important report on the US GDP growth for the first quarter of this year. Traders also took advantage of good earnings reports posted by US corporations. Futures contracts on the S&P 500 increased after a two-day decline in the base index, while futures contracts on the high-tech […]
Upside in the play on the Gold …. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of GBP/USD on April 26th. The pound trades on… April 26, 2024 The wave analysis for the GBP/USD pair remains quite complex,…USD/JPY: Simple trading tips for novice traders on April… April 26, 2024 Trade Analysis […]
Bitcoin Not long ago, Bitcoin managed to recover to 30,000, seizing the support of the monthly short-term trend and forming the appearance of upward prerequisites on the weekly timeframe in the form of a golden cross. The monthly Ichimoku cloud is currently located around 30,000, and as a result of testing which, a slowdown and […]
Over the past two days, Bitcoin has managed to break the corrective movement near the $27k level. The first factor that contributed to strengthening the bulls’ positions was the collapse of the American bank FRC’s shares. This once again confirmed the vulnerability of the banking system, and BTC received an upward impulse. The second factor […]
Let’s take a look at the technical picture of EUR/USD, USD/CHF, Gold and Bitcoin. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 26-29, 2024:… April 26, 2024 XAU/USD is trading around 2,345 with a bullish but showing…Bitcoin slips as markets pare back Fed rate cuts […]
Technical analysis: Gold has been trading upside this morning and the there i still lots of potential for the further upside movement. Due to the strong upside cycle on the longer time-frames and building higher lows in last couple of days, I see potential for the further growth. Upside objectives are set at the price […]
Silver Commodity Assets on the daily chart are currently being corrected down to test the level of the 22.964.50-22.815.50 area where the downward correction movement has been confirmed by the MACD indicator which is in a speculative SELL condition but if the level in this area is strong enough to stop the pace of correction […]
Gold (XAU/USD) is trading around 1991.15, above the 21 SMA and below the psychological level of $2,000. We expect it to resume its bullish cycle if it consolidates above 1,989. Yesterday, the price of gold fell back after reaching a maximum of 2,009 towards a minimum of 1,983. A correction of $26 means that it […]
Investors continue to monitor corporate earnings reports. For example, the net profit of IT giant Microsoft grew in the previous quarter, and revenue turned out to be better than forecasts. The company also announced its intention to continue investing in artificial intelligence. Alphabet, owner of Google, shares also rise in price by 1.2%. The company’s […]
Gold price is challenging the 4 hour Kumo (cloud) resistance.Trend remains bearish as price continues to trade below the cloud. Price is above both the tenkan-sen and kijun-sen indicators giving some hopes to bulls. The Chikou span is trying to break above the candlestick pattern and turn bullish. There are mixed signs in Gold’s 4 […]
US stock index futures opened in the green following yesterday’s sell-off but later turned negative. The growth was associated with strong earnings reports from technology companies Alphabet Inc. and Microsoft Corp. but concerns about the state of the economy and the banking sector continued to weigh on investors. S&P 500 futures contracts rose by about […]
Gold continues to be an attractive safe-haven asset amid recent financial turmoil. At the moment, it is consolidating around $2,000 per ounce, as there are many factors causing financial concerns, including the likely interest rate hike by the Fed at the upcoming monetary policy meeting. Most believe that the US central bank will raise rates […]
Panic is the perfect environment for safe-haven assets. Gold has grown by 20% over the past six months due to the market’s regular turmoil. Concerns about a banking crisis and recession in the United States have pushed XAUUSD quotes up, even though a correction seemed inevitable. To survive in the market, it is necessary to […]
The US stock market came under strong pressure on Tuesday, dragging European and Asian markets down as investors, watching the corporate earnings season, began to fear the start of a recession in the US as early as this summer. The basis for these negative sentiments was the sharp drop in First Republic’s shares by 49.37% […]
Technical analysis: Gold has been trading upside yesterday and I found that market is making higher lows and there is potential for the upside continuation today. Due to the strong upside cycle in the background and the breakout of the inside day formation yesterday, I see potential for the further rally. Upside objectives are set […]
The price of gold rallied again and erased yesterday’s losses. It’s trading at 1,995 at the time of writing. After its strong growth, a new retreat is natural, the price could test and retest the near-term support levels before jumping higher. Gold rallied as the USD crashed after the CB Consumer Confidence came in worse […]
The current year for the cryptocurrency market is taking place under the auspices of regulation. Or attempts to introduce it. After the European Parliament voted for MiCA, the UK’s Financial Conduct Authority (FCA) now wants to cooperate with cryptocurrency firms to form regulation, as stated by Executive Director Sarah Pritchard at the City Week conference […]
Early in the US session, Gold (XAU/UD) is trading around 1,991.06, rebounding after hitting a low at 1,976.13. We expect gold to consolidate above 1,990 in the next few hours and the instrument could reach the psychological level of 2,000. Finally, it could reach the strong resistance of 2,011, which has been rejected three times. […]
Gold price remains in a bearish trend in the 4 hour chart according to the Ichimoku cloud indicator. Price made an attempt to bounce higher but price was unable even to penetrate into the Kumo (cloud). Short-term trend remains bearish. Price is again below both the tenkan-sen and kijun-sen indicators. The Chikou span (black line […]
Blue lines- bullish channel (broken) Violet lines- Fibonacci retracement levels Silver is trading around $24.65. Price has broken out of the upward sloping channel and is showing reversal signs. So far price has only retraced 23.6% of the entire upward movement. Price is challenging once more the 23.6% Fibonacci level. Price is vulnerable to a […]
On Thursday and Friday this week, two important U.S. government economic reports will be published, which the Federal Reserve will rely on when making the final decision on interest rates at next week’s FOMC meeting. Starting on Thursday, the Bureau of Economic Analysis (BEA) will release a report on gross domestic product for the first […]
