I'm just attempting to see where the BTCUSD may head next. So far, I have been able to deduce these scenarios where BTC might drop, reason being availability of both Hidden Divergence and Trump VS Biden uproar. Only one scenario is valid for BTCUSD pump and that is just a small possibility. However, the Support and Resistance levels at these Fib levels are way...
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Suggestion: BUY EURJPY AT CMP 123.25 SL BELOW 122.30 TGT 124/125 ELSE SELL BELOW 122.20 TGT 121/120.90 SL ABV 123.30
Gold prices continued to move sideways on the back of multiple events and updates floating in the market, although if the metal could not keep up pace it will be on the track for its first weekly decline in three weeks for the metal. On the bright side for the metal yesterday, President Trump announced that he is willing to raise his offer of $1.8tln for a Covid...
Strong global cues coming in from yesterday, after Trump has announced a 3-phase plan to re-open the economy. Dow Jones is showing signs of support around the 23500 zone.
Hi Friends, EURUSD approaching bottom @ 1.0930 level on medium term. As per my wave count short term this pair trading on final leg of B wave.
Traditionally, financial markets could not relax mainly because of one person. It is all about US President Donald Trump. Yesterday, he said that if the head of Sino, Xi Jinping, does not meet with him at the G-20 summit, the United States will impose additional tariffs on Chinese goods. So, as we warned, you should not relax and calm down. Accordingly, buying...
Trading Strategy Double Bottoms-80/90, once holded - Traders can look for 230-240.
RSI showing divergence which is a sign of breakdown. This fall is due to increase in supply from Libya. In my opinion oil should retrace back from 71$ or from 67$ and make new high in next 3-4 months. WINTER IS COMING!
The USD would ususally move according to the USD strength i.e. DXY. Lately, it hasn't been the case. There could be multiple theories around it..from fundamental to political to technical. I am wondering what gives! One plausible explanation is may be the Fed policy has gone beyond what's needed. But then again, it's pretty much set in stone now! Is it a...