BTC/USD: It’s All About the Trend Lines The recent days have been quite fruitful for the apex cryptocurrency Bitcoin, as we saw it climb back up close to $100K from a low of $93,300. It is currently changing hands at $98,600, with a 1.6% increase over the last 7 days, and is challenging the 50-day […]
EUR/USD Potential Double Top Could Resume the Downtrend Last week the U.S. economy sent some mixed signals, with inflation getting hotter and Retail Sales slowing down considerably. On one hand, rising inflation usually calls for higher interest rates but if the economy is wavering (lower Retail Sales), the Fed should consider cutting the rate. Most […]
BTC Awaits Breakout, Stuck Between Support and Resistance Bitcoin has been lingering below the 50-day Moving Average since February 5 and printed several “empty” candles where the body was almost non-existent. After a huge candle on February 3, when the price dropped to $91,500 and then rose to finish the day at $101,450, the main […]
EUR/USD Closes Price Gap. Dollar Back in Control After Rejection at Resistance Friday’s trading session was choppy but the US Dollar was lifted against most of its peers by the U.S. Non-Farm Payrolls report and the perceived threat of a trade war. President Trump announced that he is planning reciprocal tariffs on some countries, but […]
Bitcoin Below $100K Ahead of the NFP Release. Indecision Rules the Short-Term Recently, Bitcoin has been trading below $100K and facing difficulties with all its attempts to move above this threshold. It even dropped as low as $91,500 as new Trump tariffs on Canada, Mexico, and China imports sparked fear of a trade war. Cryptocurrencies […]
EUR/USD Opens With Gap as Trump Tariffs Scare Markets As it was widely anticipated, the Federal Reserve (Fed) decided to keep the rate unchanged last week. However, the approach was hawkish, which raises further questions regarding the future: is this just a one-time skip of the cut or is the Fed preparing for a pause […]
BTC/USD Bounces at 50 MA and Turns Bullish but for How Long As part of a loan deal with the International Monetary Fund (IMF), El Salvador decided to ditch Bitcoin as a legal tender and to limit its exposure. Bitcoin will still be a recognized asset but the new reform to the Bitcoin Law, which […]
EUR/USD Breaks Key Resistance Levels, Eyeing a Move Toward 1.0600 The dollar just ended a rough week, during which the US. Dollar Index (DXY) dropped from 109.40 to a low of 107.20 and the EUR/USD rose from 1.0265 to 1.0520. The most volatile days were Monday, fuelled by President Trump’s inauguration festivities, and Friday when […]
Bitcoin Peaks at $109K as RSI Divergence Emerges Bitcoin started the week with a fresh new All-Time High (ATH) at $109.356, breaking the previous record by about 1,000 bucks and retreating quickly afterward. Comparing the two recent peaks, Bitcoin is now showing a bearish divergence: the RSI is lower at the current ATH than it […]
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 […]