EUR/USD Tests Support by Bogdan Giulvezan The U.S. economy is showing signs of recovery, as evidenced by rising Treasury yields and a Non-Farm Payrolls report that exceeded expectations last Friday: forecast 652K, actual 916K. The increase in jobs is likely to translate into a stronger greenback, although the dollar bulls are still eyeballing the services […]
BNB Prone to “Rocket” Breakout by Bogdan Giulvezan At the time of this writing, Bitcoin is hovering just below $60K, trading at $59,820, with a 12.80% increase over the last 7 days. According to TradingView charts, the high for the day was $60,103, and the digital “king” is correcting lower but has a bullish bias […]
The Greenback Holds Firm Ahead of U.S. Non-Farm Employment Report by Bogdan Giulvezan On Monday, the European single currency dipped below 1.1800 as tougher COVID-19 numbers hit the economy and hampered the prospects of economic recovery. The Euro is now headed for its biggest descent since the middle of 2019 and a big part is […]
Massive Amounts of Options Contracts Due for Expiration. Watch BTC React! by Bogdan Giulvezan At the time of writing, Bitcoin is changing hands at $53,820, which translates into a +1.35% change for the last 24 hours, which is rather “tame” for the crypto-king. However, things may be about to change because almost $6 billion in […]
Where To Put Your Money In Forex This Week The Pound remains in a strong uptrend against the US Dollar since late September last year, however, the rising channel that contained the pair for several months is now being tested once again. The UK vaccination campaign has been fast-paced thus far, as more than 26 […]
The Crypto King Breaks Through. Is the Rocket Fueling Up Again? by Bogdan Giulvezan Bitcoin made history again! On March 13, it hit another milestone by posting a new All-Time High (ATH) at $61,618 according to CoinMarketCap data. The previous ATH was located just above $58,300 and was made on February 21, 2021. However, the […]
Volatility In The GBP/USD Is On The Rise by Bogdan Giulvezan The Pound/Dollar is currently trading at 1.3940 and is still stuck inside an ascending channel, despite an apparent break posted in late February. The week has started with a slow pace thus far, with the Pound making small advances against the greenback, but the […]
Double Top – The Omen of a New All-Time High? Bitcoin is currently printing a double top pattern just above $58,000. The previous high was posted on the 21st of February, just north of $58,300, and yesterday the “digital gold” hit $58,155, according to TradingView charts. Since then, Bitcoin has retraced slightly, currently hovering around […]
U.S. Inflation Data Eyed for Next Direction by Bogdan Giulvezan The US Dollar is continuing the assault on its major counterparts, boosted by last week’s surprisingly positive U.S. jobs data (NFP expected change: 197K; actual: 379K) and by a $1.9 trillion relief plan that was passed by the Senate. Rising U.S. yields further strengthened the […]
Bullish Breakouts Still on the Table by Bogdan Giulvezan Throughout this week the US Dollar has been strengthening against most of its major counterparts, most notably against the Euro and the Yen. The Dollar Index (DXY) is currently trading in close vicinity of 92.00, after successfully breaking through the key resistance levels at 91.00 and […]