EUR/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France. Technical outlook: Consolidation below 170.00 with potential further losses if price drops below the 50-DMA at 167.47. Key support levels: Kumo bottom at 165.92 and 100-DMA at 164.78, indicating acceleration of the downtrend if breached. The Euro tumbled…
Broadcom could be the next company to join the trillion dollar club. Wednesday’s earnings release showed another beat-and-raise announcement that has become commonplace. Markets consolidate on Friday after week’s CPI-led fireworks. Michigan Consumer Sentiment drains, sending NASDAQ lower. Broadcom (AVGO) stock exploded 12% on Thursday, quite a feat for a company already valued at…
Buyers are increasing in Sponge market SPONGEUSDT Price Analysis – 14 June SPONGEUSDT may be able to advance past the resistance levels of $0.00077 and $0.00087 if it is able to breach the $0.00061 barrier. Should the bears keep up their current pace and break below the $0.00050 support level, the price might go as…
A Trader’s Guide to Oscillators and Momentum Indicators What are Leading vs. Lagging Indicators in Trading? Indicators that you are looking at… Do you know if they are leading or lagging indicators? Does it matter to you? It should. There are MAJOR differences between leading and lagging indicators that you need to know…
USD/JPY edges up slightly despite falling US Treasury yields. Technical outlook: Buyers in control, targeting 157.00 and potentially April’s high of 158.44. Downside risks are seen below 156.00, followed by 155.72 and further targets at 154.00 and 153.35/40. The USD/JPY recovered some ground during the North American session yet is virtually unchanged, up by a…
8 Forex Trading Tips for a Lower Volatility Market It seems that it was not that long ago the the forex market was characterized by higher volatility, with average daily ranges exceeding 1% of the spot price. If you are currently trading the forex market, it is hard to not recognize the lower volatility…
Buyers exert more pressure in Sponge market SPONGEUSDT Price Analysis – 13 June SPONGEUSDT has the potential to advance past the resistance levels of $0.00077 and $0.00087 if it can breach the $0.00061 barrier. If the bears keep up their pace and break below the $0.00050 support level, the price might drop to $0.00033 and…
SolarX (SXCHUSD) Price Forecast: June 13 SolarX price hints uptrend continuation, driving the market price for an intraday gain as the bulls remain dominant. The coin is in a position for an uptrend continuation pattern as the crypto is in an ascending channel making higher highs and higher lows. The coin might swing up and…
Silver shoots up after the release of US inflation data. It threatens to break above an important resistance level at $30.00. At the same time the precious metal continues to make lower lows suggesting a bearish bias in the short-term. Silver (XAG/USD) pops higher after market-moving data on Wednesday and attempts to break back above…
Lucky Block Price Prediction- June 12It’s about time for the LBLOCKUSD pair to resume the bullish trend and this may break up the $0.0001099 crucial high to signal a pump. The coin has the potential to make the next bull run a historical one. Based on the outlook, if the resistance level rises above the…