Algorand is displaying the early signs of a bullish reversal, flipping the daily 20 EMA (exponential moving average) into support around 1.05 USD, is the confluence needed to reinforce this trading idea.
Many big cap altcoins are beginning to chase liquidity, and you could not have asked for a more clean technical set-up here.
If the D1 20 EMA becomes support,...
Topside targets are Y83 on break of Y82.30. Buying dips into Y81.80.
AUD/USD is enjoying a nice rally as stocks reverse and data from Australia recently remained strong leading RBA to end QE. The RBA still doesn't want to open the door to a 2022 rate hike but local big banks are nearly all looking for August or September.
Oil and commodities continued to rally...
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
RBA has a key meeting today, will they join with the market and open up the 2022 rate hike possibility or continue to push back against the market and be patient waiting for 2023/2024
Chainlink is looking increasingly bullish after breaking above 17USD resistance.
In addition, these re-tests have also been getting added support from the H4 20 EMA (exponential moving average) which is now below current price (bullish).
Should Bitcoin continue hovering between the range of 37K USD to 40K USD, then Chainlink breakout levels place the next level...
The USD has surged to year highs above 97 on the index with EUR/USD falling sharply and USD/JPY moving higher with US interest rates.
The USD is a little overbought so waiting for small dips and we playing the whole Dollar index rather than trying to pick a particular pair.
A false break would require major risk on rally to move USD lower and perhaps some FED...
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
Microsoft's share price dropped more than 15% from the peak of $349.67/share meanwhile, major US equity markets are underperforming as NDQ is down 13.92%, SPI500 8.86% and DOW is 7.41%. This market-wide drawback is likely due to general market fear due to the potential of multiple Fed rate hikes in reaction to inflation the tension in Eastern Europe and the Middle...
Gold has been very choppy recently but the buyers are starting to win out in the daily time frame and dip buying off 1830 and $1810 for a revisit to $1870 makes sense as inflation fear globally underpin the precious metal.
We buying dips because the direct rallies have had many pullbacks and also the FOMC next week is a big risk to USD sellers as they are...
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
Although we have had a choppy last few weeks we are still seeing higher lows and respect for the general recovery trade. 0.7150 important support area and ideally we turn above here. Targets on Topside is 0.7300 and 0.7500 if get extention.
Stock markets in general going up will support this trade so any big risk off moves will set back the AUD but in the coming...
