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14 minutes ago | Yaz Sheikh Key highlights: Dogecoin is up by a strong 9.27% over the past week of trading as it sits around $0.055. It seems that Elon Musk is helping to keep the price supported as he continues to shill the memecoin on Twitter. Against Bitcoin, DOGE has found solid support around … Read more
11 hours ago | Yaz Sheikh Key highlights: XRP fell by another 5% today as it drops beneath the $0.5 level to hit $0.45 support. The cryptocurrency is now down by a steep 12.8% over the past week of trading. Against Bitcoin, XRP is battling to remain above resistance at around 890 SAT that was … Read more
The GBPUSD currency pair shows the formation of a large cycle triangle. Currently, we see the final primary impulse wave Ⓒ of the zigzag cycle wave e. As part of the bullish impulse wave Ⓒ, a small correction wave 4 recently completed. This took the form of a skewed triangle, after which the price growth … Read more
AUDNZD has been drawn into a choppy market after plummeting over 600 pips in the second half of 2020. Since then, two separate attempts to shift the dynamic to the upside have failed. We now see prices trading firmly within the Ichimoku cloud. The golden ratio of 61.8% of the 1.1027/1.0414 downside Fibonacci leg is … Read more
The precious metal is failing to capitalize on the support level it established near the 1764 handle. Prices are falling for the second day, albeit the pace of declines is limited in comparison. To the upside, the reversal comes just a few points below the 1817.80 level. Given that this level was already established as … Read more
Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil prices closed bearish last week. However, at the time of writing, … Read more
The British pound sterling rose to a fresh three-year high at 1.4140. But prices were rejected intraday with the currency pair likely to close bearish or flat. Given that this pattern comes near the top end of the rally, it could potentially signal the start of a correction in the GBPUSD. The cable has not … Read more
The euro currency is trading rather mixed, a day after prices almost closed flat on Tuesday. Overall, the long-term trendline on the daily chart is supportive of prices. Therefore, we could see price action attempt to push higher. The 50-day moving average is also close and could come in as dynamic support. For the near … Read more
Key highlights: ADA saw a small 6.65% price rebound today, allowing the cryptocurrency to climb back above the $1.00 level. Cardano is now up by a whopping 196% over the past month of trading is up by a further 600% over the past three months. Against Bitcoin, Cardano rebounded from 1800 SAT yesterday and is … Read more
It’s been a rough start to the week, with Bitcoin dropping almost 25% over the past two days, reaching as low as $44,750. This dragged the entire market down with it as 2021’s first Bloody Monday occurred with red candles all over the industry. It seems that the sell-off might have started to settle out, … Read more
