Where To Put Your Money In Forex This Week The Pound remains in a strong uptrend against the US Dollar since late September last year, however, the rising channel that contained the pair for several months is now being tested once again. The UK vaccination campaign has been fast-paced thus far, as more than 26 […]
The Crypto King Breaks Through. Is the Rocket Fueling Up Again? by Bogdan Giulvezan Bitcoin made history again! On March 13, it hit another milestone by posting a new All-Time High (ATH) at $61,618 according to CoinMarketCap data. The previous ATH was located just above $58,300 and was made on February 21, 2021. However, the […]
Volatility In The GBP/USD Is On The Rise by Bogdan Giulvezan The Pound/Dollar is currently trading at 1.3940 and is still stuck inside an ascending channel, despite an apparent break posted in late February. The week has started with a slow pace thus far, with the Pound making small advances against the greenback, but the […]
Double Top – The Omen of a New All-Time High? Bitcoin is currently printing a double top pattern just above $58,000. The previous high was posted on the 21st of February, just north of $58,300, and yesterday the “digital gold” hit $58,155, according to TradingView charts. Since then, Bitcoin has retraced slightly, currently hovering around […]
U.S. Inflation Data Eyed for Next Direction by Bogdan Giulvezan The US Dollar is continuing the assault on its major counterparts, boosted by last week’s surprisingly positive U.S. jobs data (NFP expected change: 197K; actual: 379K) and by a $1.9 trillion relief plan that was passed by the Senate. Rising U.S. yields further strengthened the […]
Bullish Breakouts Still on the Table by Bogdan Giulvezan Throughout this week the US Dollar has been strengthening against most of its major counterparts, most notably against the Euro and the Yen. The Dollar Index (DXY) is currently trading in close vicinity of 92.00, after successfully breaking through the key resistance levels at 91.00 and […]
The Greenback Registers Hefty Recovery, U.S. Jobs In the Limelight by Bogdan Giulvezan Friday the greenback posted its biggest surge since June, amid a massive sell-off experienced by the bond markets. US Dollar strength drove EUR/USD to a low of 1.2060, retreating off highs above 1.2220, while the GBP/USD fell briefly below 1.3900 before stabilizing […]
Bitcoin Drops Below $50K, Altcoins Follow. Buy, Sell, or Hodl? by Bogdan Giulvezan After establishing a new all-time high above $58,300, the “digital gold” dropped into the $45,000 area and is currently trading at approximately $45,200. We’ve talked before about pullbacks being a normal thing in an uptrend and if we look at Bitcoin’s movement […]
Heads of Central Banks Testify. US Dollar, Euro, and Pound Prone to Volatility The US Dollar closed last week on a bearish note, being outpaced by its major counterparts, the Euro and the Pound. Better than expected U.S. economic data released throughout last week, determined inflation expectations to grow at a higher pace than U.S. […]
Bitcoin Is on Fire: $52K and Still Pumping! by Bogdan Giulvezan Currently trading at 51,800 against the US Dollar, Bitcoin is showing a small correction, after reaching another All-Time High at $52,520, according to data from CoinMarketCap. Given the current look of the chart, it seems that all dips are good opportunities to buy and […]