Weak Bullish Momentum Signals Extended Downtrend Last week the Euro gained the upper hand on the US Dollar but the modest gains made by the single currency indicated that the downtrend is likely to continue. EUR/USD bounced again at 1.0220, after piercing it but despite this bullish rejection pattern, the pair couldn’t move above the […]
Bitcoin Can Challenge the ATH If 100K Becomes Support. Bitcoin’s price surged above $100K Wednesday after recovering from a low of $89,150 that was reached just Monday the same week. It just goes to show once again how BTC can turn on a dime and reverse direction almost instantly. From a technical point of view, […]
EUR/USD Shows Bullish Divergence. Is a Rally in the Cards Next? The Non-Farm Employment report released Friday showed that 256K new jobs were created, surpassing the consensus of 164K. The better-than-anticipated report drastically increases the chances of the Fed taking a break from slashing the interest rate. The Unemployment Rate decreased from the previous 4.2% […]
BTC/USD Chart Reveals Ranging Market and Bearish Bias Bitcoin bulls were charging forward at full force from December 31, 2024, until January 6, 2025, and it looked like the crypto king was headed towards the top at 108K. But what looked to be a new attempt to break the ATH turned into a slide below […]
USD Bulls Shatter 1.0350 Support. Pullbacks Incoming The markets are starting to pick up speed after the winter holidays and the first trading day of the year marked the break of 1.0350, a level that was last touched in November 2022. The US Dollar is still boosted by a strong economy that outperforms its global […]
Bitcoin Bulls Eye $100K as Market Tests Critical Levels After reaching an All-Time High (ATH) in late 2024, Bitcoin has started to consolidate below $100K and printed the first lower high in a long time. On December 20 and December 23, it touched the 50-day Moving Average from above and moved higher to touch $99,800. […]
EUR/USD Rebounds at 1.0350. Double Bottom May Be the End of the Downtrend As we are entering the last two trading sessions of 2024, the Forex market is clearly affected by end-of-year volatility and the economic calendar holds no major releases. EUR/USD spent most of 2024 in a range between 1.0600 and 1.1200, and the […]
BTC/USD Trapped Between Support and Resistance. End of Year False Breaks? As we’re approaching what was undoubtedly the best year to date for crypto in general, Bitcoin is hovering around $95K after surpassing $108K earlier this month. The year’s lowest point was reached back in January when Bitcoin was worth $38,500. The main catalyst behind […]
EUR/USD Faces False Break Risks Amid Year-End Volatility The U.S. inflation is progressing at a slower pace than anticipated, as shown by last week’s Core PCE Price Index which advanced just 0.1%. The previous value was 0.3% and the projected reading was 0.2%. This makes the case for the Fed’s new stance on rate cuts, […]
Key Level at $100K Broken. RSI Divergence Signals Caution and Deeper Corrections Bitcoin broke levels that were unimaginable just 5 years ago and added more than 150% just this year alone. The first “mind-blowing” event – if we can call it that – occurred in late 2017, when the apex cryptocurrency hit $20K but from […]