Double Bottom in Play. A Bullish Pattern With High Chances of Success After printing yet another All-Time High (ATH) this year, Bitcoin retreated sharply into the $112K area and is now trying to find its footing again. The level at $112K provided strong support in the past, and on Wednesday, Bitcoin showed the level is […]
EUR/USD Tests 1.1700 Again. All Eyes on Powell at Jackson Hole U.S. inflation is again garnering all the attention as the sweeping tariffs imposed by the Trump administration on several countries are starting to show their effects. Although the U.S. Consumer Price Index (CPI) released last week was mostly in line with expectations, the Producer […]
Bearish Divergence Flashes a Warning. Pullback Next? After a false break of the $120K – $116K range, Bitcoin made a sharp reversal at $112K and broke the upper boundary, reaching an All-Time High (ATH) above $124K. The push was largely triggered by growing expectations that the Fed would loosen monetary policy at the September meeting. […]
EUR/USD at Resistance. U.S. Inflation Data and Retail Sales to Decide Next Move The dollar gained on Friday but still ended last week at a loss, which is in line with the narrative that the U.S. economy is weakening and that rate cuts are needed. Since the disappointing Non-Farm Payrolls report that came out on […]
Support at $112K Holds, Pushes Bitcoin Higher Bitcoin’s bullish momentum dissipated after hitting the All-Time High (ATH) at $123K and the OG cryptocurrency started to move sideways in a tight range. Usually, periods of sideways movement are followed by a strong breakout, and last week, such a breakout happened, but to the south. Bitcoin spot […]
EUR/USD Snaps a 5-Day Bearish Streak. Uptrend Resumption Next? The U.S. economy is showing signs of slowing down as the new tariffs are starting to weigh on businesses and inflation. Last week’s Non-Farm Payrolls report showed that only 73K new jobs were created, much fewer than the expected 106K. Surprisingly enough, the previous number was […]
The Range Is Intact. Is Bitcoin Preparing for a Massive Breakout? This week, the U.S. Federal Reserve decided to keep interest rates on hold for the fifth time in a row, as it was widely anticipated by market participants. Bitcoin took this pretty hard initially and dropped as low as $115,700. However, by the end […]
EUR/USD: Bullish Pressure Subsides, Support Under Attack The week ahead will be governed by U.S. data, with all the Big Three in focus: inflation, jobs, and the interest rate announcement. Unless there are major surprises, the rate won’t budge from the current 4.50% and Trump’s disappointment with Fed Chair Powell will continue. According to the […]
Rangebound Trading: Breakout or Breakdown? After printing a fresh All-Time High (ATH) on July 14, Bitcoin started to move sideways, possibly preparing for another leg of the uptrend. Some of the other altcoins have already started corrections, which saw them retreat farther away from recent highs. In recent days, Bitcoin has been outperforming all major […]
EUR/USD Breaks Long-Term Trend Line. Are the Dollar Bulls Back? The greenback is riding on a bumpy road, with clouds of uncertainty still covering the landscape. President Trump’s policies have weighed on the dollar, and the tariffs have started to make their presence known, as shown by last week’s Consumer Price Index that came in […]