EUR/USD Dips Lower. Key Support Targeted Inflation has been a major concern lately and is the main reason why the Fed decided to hike the interest rate. On the other side of the pond, the ECB has been reluctant to take action but at this week’s meeting, we may see a more hawkish approach coming […]
Bullish Fundamentals: MicroStrategy Buys More Than 4,000 BTC, Shopify and Strike Partner Up The recent break of $45,000 resistance resulted in a quick climb into the next resistance level and a new yearly high at $48,234. However, the push was neutralized and Bitcoin failed to consolidate above $45,000, currently trading at $43,500. The drop was […]
Jobs Situation Continues to Improve in the United States. What Will Be the Fed’s Next Move? Friday’s Non-Farm Payrolls report showed that 431K jobs were created during the previous month, which was lower than the anticipated 492K. However, the overall jobs situation in the U.S. is improving, as the Average Hourly Earnings increased by 0.4% […]
Galaxy Digital CEO Sees Crypto “Significantly” Higher in 2022. After months spent between $37,500 and $45,000, Bitcoin finally managed to escape the range and broke the upper barrier of the channel. But after reaching as high as $48,234, the apex cryptocurrency has returned to the previously broken level of $45,000 and is currently trading slightly […]
USD/JPY Soars as Yen Tumbles On Monday, the Bank of Japan intervened to stop Japanese Government Bonds (JGBs) from going above the key target and offered to buy unlimited amounts of said bonds at 0.25%. At press time the yen is trading at 123.23 against the US Dollar, which is the lowest it’s been in […]
Bullish Chart Pattern Pushes BTC Higher. Strong Resistance Ahead. Bitcoin is in the green, up more than 8.0% for the last 7 days and on Thursday it broke the $44,000 level for the first time in three weeks. The rally started after a triple bottom was formed, a pattern I‘ve already talked about in last […]
EUR/USD Bounces off 2-Year Lows. Short-Lived Move or Something More? Europe’s single currency is trying to rally after reaching a nearly 2-year low earlier this week; a series of speeches from central bank heads could provide more clues about EUR/USD’s next move. The pair is in a long-term downtrend but a lot of the recent […]
From Volatility Beast to Range-Bound and Docile Price Action Bitcoin, the coin that’s known to break through S/R levels like a hot knife through butter, has been moving in a tight range since early March. It spent most of 2022 inside the horizontal channel created by $37,500 – $45,000 and it formed a triple top […]
Central Banks Are Getting Ready for a Busy Week The safe-haven US Dollar made serious advances last week against its major counterparts: it took the Yen at a 5-year high, while GBP/USD printed a fresh yearly low at 1.3013. All this is ahead of the Fed’s March Meeting where we will most likely see a […]
Bitcoin’s Triple Top Generated the Predicted Outcome Last week we talked about a strong chart pattern that usually triggers a bearish move: the triple top. As expected, the bearish action started soon after, and Bitcoin travelled the entire distance from $45,000 to $37,500 in just a few days. But Bitcoin seems to be a tame […]