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 […]
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. […]