Jobs Situation Continues to Improve in the United States. What Will Be the Fed’s Next Move? Friday’s Non-Farm Payrolls report showed that 431K jobs were created during the previous month, which was lower than the anticipated 492K. However, the overall jobs situation in the U.S. is improving, as the Average Hourly Earnings increased by 0.4% […]
Galaxy Digital CEO Sees Crypto “Significantly” Higher in 2022. After months spent between $37,500 and $45,000, Bitcoin finally managed to escape the range and broke the upper barrier of the channel. But after reaching as high as $48,234, the apex cryptocurrency has returned to the previously broken level of $45,000 and is currently trading slightly […]
USD/JPY Soars as Yen Tumbles by Bogdan Giulvezan On Monday, the Bank of Japan intervened to stop Japanese Government Bonds (JGBs) from going above the key target and offered to buy unlimited amounts of said bonds at 0.25%. At press time the yen is trading at 123.23 against the US Dollar, which is the lowest […]
Bullish Chart Pattern Pushes BTC Higher. Strong Resistance Ahead. by Bogdan Giulvezan Bitcoin is in the green, up more than 8.0% for the last 7 days and on Thursday it broke the $44,000 level for the first time in three weeks. The rally started after a triple bottom was formed, a pattern I‘ve already talked […]
EUR/USD Bounces off 2-Year Lows. Short-Lived Move or Something More? by Bogdan Giulvezan Europe’s single currency is trying to rally after reaching a nearly 2-year low earlier this week; a series of speeches from central bank heads could provide more clues about EUR/USD’s next move. The pair is in a long-term downtrend but a lot […]
From Volatility Beast to Range-Bound and Docile Price Action by Bogdan Giulvezan Bitcoin, the coin that’s known to break through S/R levels like a hot knife through butter, has been moving in a tight range since early March. It spent most of 2022 inside the horizontal channel created by $37,500 – $45,000 and it formed […]
Central Banks Are Getting Ready for a Busy Week by Bogdan Giulvezan The safe-haven US Dollar made serious advances last week against its major counterparts: it took the Yen at a 5-year high, while GBP/USD printed a fresh yearly low at 1.3013. All this is ahead of the Fed’s March Meeting where we will most […]
Bitcoin’s Triple Top Generated the Predicted Outcome by Bogdan Giulvezan Last week we talked about a strong chart pattern that usually triggers a bearish move: the triple top. As expected, the bearish action started soon after, and Bitcoin travelled the entire distance from $45,000 to $37,500 in just a few days. But Bitcoin seems to […]
Euro at Record Lows as Ukraine Conflict Deepens by Bogdan Giulvezan The US Dollar strengthened late last week as the Non-Farm Payrolls report showed that 678K new jobs were created, above the forecast 407K. The data, coupled with the worsening of the Ukrainian war, made investors flock to safe-haven currencies such as the greenback, while […]
Triple Top at $45K – The Threatening Bearish Pattern by Bogdan Giulvezan After two days of serious advances, Bitcoin started a downside correction at $45,000 and is currently trading at $41,000. The last three days have been bearish, for a total loss of almost 8% but the apex cryptocurrency is up almost 7% over the […]