Technical Analysis and Outlook: Bitcoin has reached our target, the Inner Coin Rally 72500. It has since dropped significantly and is now hovering around the newly established Mean Sup of 65900. The upcoming retest of the Mean Sup of 65900 will serve as a crucial point for continuing the ongoing bull run, which aims to achieve two more targets: the Inner Coin...
Technical Analysis and Outlook: Bitcoin's price has risen this week, surpassing Major Key Resistance 67530 and the all-time high of 69000. Its ongoing targets are the Inner Coin Rally 72500, the Next Inner Coin Rally 78200, and the Outer Coin Rally 81400. A slight dip to the Mean Sup at the 63800 price is expected before the next rally. Despite the increasing...
Technical Analysis and Outlook: Bitcoin's price action saw a remarkable surge in the current week, which should not come as a surprise to this audience. After breaking through the completed Outer Coin Rally at 53000, Bitcoin's legit targets were 55000 and 59829, as this would. Bitcoin is setting itself up for the next launch, the Inner Coin Rally at 69000 and the...
Technical Analysis and Outlook: The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is...
source: EUROSTAT The inflation rate in the Euro Area declined to 2.9% year-on-year in October 2023, reaching its lowest level since July 2021 and falling slightly below the market consensus of 3.1% . Meanwhile, The Core Rate, which filters out volatile food and energy prices, also cooled to 4.2% in October; marking its lowest point since July 2022. However,...
Buy this gem for long term and short term profit Log term target will be double
Market Insight: ECB policymaker Francois Villeroy de Galhau has emphasized that the decision on rate cuts in 2024 will be data-driven, rejecting a fixed timeline. ECB President Christine Lagarde, while suggesting a potential rate cut in the summer, emphasizes the importance of data in timing the decision. Central bank officials are cautious about immediate easing...
Fighting inflation is hard. Hence, central banks are data dependent while calibrating rates. Continuing geopolitical conflicts puts Europe at risk of inflation relapse. Headline numbers can be misleading. Central bankers will dig deep. Deeper analysis will compel investors and policy makers to rethink and recalibrate interest rate calculus. This paper unpacks...
Following last week's release of stronger-than-expected economic data, investors are recalibrating their expectations concerning aggressive Federal Reserve (Fed) rate cuts. The market sentiment is shifting, with investors scaling back their anticipation of imminent rate cuts. This change in perception is amplified by the surge in bond yields, indicating a rising...
Central Bank Of India make a breakout and also retest is also done Above 51.2 central bank of india will go for a test of new levels i.e approx 100-110 Increase in volume seen
Betting against the dollar is growing in popularity after the Federal Reserve upended markets by signaling the end of its monetary tightening campaign. Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday. More than 39,000 contracts...
Global Central Bank Balance Sheet denominated in USD has broken the uptrend line down almost 16% or $5 trillion which is about 5% of Global GDP. Why does that matter to you? Because there are $5 trillion more bonds available that have been invested in the bond market which takes away from other asset classes. While global debt has skyrocketed (meaning more ...
Last week was busy for major central banks. During a 60-hour window, rates were set for 60% of the global economy, from the US Fed, the ECB, to the BoE. Central banks’ announcements caused a frenzy in markets. The pivot to a dovish stance by the US Fed contrasted sharply with hawkishness from the ECB. This paper summarizes rate announcements and their market...
The market's attention will be fixed on the Federal Reserve's final policy meeting of 2023 scheduled for this Wednesday, with the expectation that the US will maintain interest rates at a 22-year high. Investors will have an opportunity to scrutinize the Fed's statement and Chair Jerome Powell's press conference for any indications of potential rate cuts in 2024...
About a month back, I made a solid move in the market that sparked a strong rally. Now, as we near the end of a strong earnings season, I'm in a neutral position, but I'm taking steps to secure gains by trimming my positions. I reckon a decent pullback would be beneficial before considering further upward movement. There's quite a few gaps to fill due to some...
The chart you see is the EURUSD but this post isn't just about euro but it will be a key player coming into next yr. It's been a year of CB's but where do we head next? BOE raising rates 3.5%, with the split vote as we head into 2023 expect a large recession going forward as all CB's have raised rates they are hiking a little bit too much and yes they will have...
Technical Analysis and Outlook: Currently, the price of Bitcoin has been contained within our completed Inner Coin Rally of 37800 and vital Mean Sup of 35600. This has resulted in a trading tunnel that is particularly beneficial for those experienced in active trading. However, it is worth noting that the price is currently dropping towards the Mean Sup of 35600,...
Technical Analysis and Outlook: The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there...