The $10,000 Pullback – Is It Enough? On the 5th of March, the apex cryptocurrency reached its newest All-Time High of $69,210, surpassing the previous ATH by just $210. Of course, depending on what chart you are looking at, this can differ because some exchanges list the previous ATH at $68,900 and the new ATH […]
EUR/USD Stuck in a Tight Range: What Will Trigger the Breakout? Last week’s focus was mainly on inflation but overall we didn’t see any major directional developments. The Dollar Index (DXY) and EUR/USD traded mostly sideways, with the Core PCE Price Index showing the forecasted reading of 0.4% and the Eurozone Core CPI coming out […]
RSI Goes Into Extreme Overbought – Cause for Concern? Bitcoin’s recent rally took the apex cryptocurrency to a high of exactly $64,000 according to TradingView charts, which is just $5K shy of its All-Time High (ATH) of $69,000. Currently, Bitcoin is changing hands at $61,600 and it looks like it has entered a cooling-off period […]
EUR/USD: Massive Rejection at 50 MA. Where to Next? The U.S. Dollar index was poised for its first weekly decline of 2024 on Friday, as investors paused their purchasing of the currency after a nearly two-month surge driven by expectations that the Federal Reserve would start reducing rates later than initially anticipated. In an interview […]
Bitcoin’s Chart Analysis: Beyond the ETF Hype The debut of spot Bitcoin ETFs has caused excitement in the crypto market, attracting both new and experienced investors. These ETFs simplify Bitcoin investment, making it easier for those hesitant about digital wallets and exchanges. However, the impact on Bitcoin’s core principles and long-term stability is a subject […]
EUR/USD: Break and Retest. What Will Be the Outcome? Last week’s data mostly favored the US Dollar and added more steam to the bulls’ hype train. The CPI came above expectations, showing that inflation is still sticky and dialing back rate-cut speculation. Earlier in the year, the market largely agreed that the Fed would deliver […]
Bull Run in Full Swing. RSI Shouts “Pull Back”! The leading cryptocurrency is experiencing a post-ETF launch resurgence and is trading at multi-year highs after a brief dip that followed the spot Bitcoin ETF approval by the SEC. With Bitcoin trading just above $52,000, there’s already talk about the All-Time High (ATH) at $69,000 which […]
EUR/USD: Bears Still in Charge Amid Signs of Bullish Pressure The U.S. interest rate remains the hottest topic in the Forex markets and although just a few weeks ago, its path was somewhat certain, now things are looking blurry again. The majority of market participants expected a rate cut at the March meeting but it […]
BTC/USD – Retest of Broken Level or Flawless move to $49,000? After spending 8 days in a very tight range below $45,000, the Digital Gold – Bitcoin – has jumped above this key resistance and is currently trading at $46,200. We’ve talked many times about the possible/probable drop that followed the spot Bitcoin ETF approval […]
EUR/USD Support Threatened as the Greenback Gains Traction. The Dollar has been on fire after the double main events of last week, namely the Fed Chair’s Press Conference and the Non-Farm Payrolls report that blew expectations out of the water. During the press conference, Fed Chair Jerome Powell pushed back bets about a rate cut […]