The USDCAD market has been retracing higher price levels for an extended period. This seems to be a result of the US dollar being stronger than its Canadian counterpart ever since. However, price action saw a mild result as a result of the cautious mood ahead of the Fed’s monetary policy statement. Key Price Levels:…
Buyers are dominating Sponge market SPONGEUSDT Price Analysis – 19 December If the price breaks over the $0.000196 resistance level, the rising trend will pick up speed, and the $0.000330 and $0.000402 barrier levels could be tested. SPONGE/USDT Market Key levels: Resistance levels: $0.000196, $0.000330, $0.000402 Support levels: $0.000146, $0.000136, $0.000081 SPONGEUSDT Long-term Trend: Bullish…
Sponge market is currently dominated by buyers SPONGEUSDT Price Analysis – 18 December Sponge may reach $0.000196 today if the bulls continue to gain strength. The upward trend will accelerate and the $0.000330 and $0.000402 barrier levels may be tested if the price breaks over the $0.000196 resistance level SPONGE/USDT Market Key levels: Resistance levels:…
Over the recent past, the EURJPY market has recorded notable upside correction. However, the market has, as of today, seen a sharp downward retracement that brought the market below key technical levels. This seems to be the aftermath of the emergence of the seasonal EUR trade surplus, which arrived lower than the previous. Let’s take…
Mexican Peso hovers near the 50-day SMA at 20.11, with the USD/MXN showing minimal movement after US PMIs data. Banxico is widely anticipated to cut rates following encouraging November inflation figures, with most economists predicting a 25 bps reduction. Anticipation builds around upcoming rate decisions from the Fed and Banxico. The Mexican Peso begins the…
The Quantum Computing Boom Rigetti Computing (NASDAQ: RGTI) has captured significant investor attention amid the broader surge in the quantum computing sector. Over the past month, Rigetti’s stock has skyrocketed by more than 450%, driven by heightened enthusiasm for the transformative potential of quantum technology. As quantum computing gains traction as a potential game-changer in…
Tamadoge Price Prediction – December 16 It has been that movements of price actions in the market valuation of Tamacoin versus the US Dollar have been in sideways at a lower zone, given that the crypto-economic trade currently has hike inputs, tending delays. It is now evident that the market has been reclaiming ground at…
Price action in the AUDUSD market has consistently fallen to lower supports. This started months ago when the pair’s price action hit and tested around the 0.6950 mark. This seems to have resulted from the sustained bullish sentiment in the US dollar since then. Currently, the pair has just rebounded upwards due to Australia’s better-than-expected…
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Elliott Wave strategies: SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Corrective patterns with one more high to come for stocks. I also take a look at US Banks as they still have clear pathways higher. Elliott Wave analysis…
Market Analysis: GBPJPY Experiences Trend Reversals Major Bullish Trendline is Breached GBPJPY since the start of 2024, exhibited a strong bullish trend, with sustained upward momentum propelling prices higher for several months. This rally culminated in a significant peak in early July. However, the pair experienced a sharp bearish reversal following this high, signaling a…