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...
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...
The Australian dollar might give back most of its recent gains against the U.S. if the Reserve Bank of Australia opts not to raise rates next week, given the groundswell of opinion backing a hike. Thirty-five out of 39 economists polled by Reuters expect the RBA to increase rates on Nov. 7, with only four predicting a hold. All of the “Big Four” Australian banks...
Here you can see XRP's price action from 2013-2017 I talked about in the last post. Cheers!
Looking at XRP's overall Price Action since its listing at Bitstamp in 2013 we can see a similar pattern evolving in the current Cycle compared to the Cycle from 2013-2017. 2013-2017 Price Action: 1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line) 2. Cycle: Lower High than last Cycle and bottoming out over a longer period of...
Technical Analysis and Outlook: This week, Bitcoin saw a surge in price, reaching Inner Coin Rally 29300 and Mean Res 29700. The next target is the Inner Coin Rally 30900 and a retest of the completed Outer Coin Rally 31700. However, it is essential to note that there may be some intermediate pullbacks along the way with the main target Mean Sup 29000.
Technical Analysis and Outlook: This week, the coin remained within the Mean Resistance of 28000 and drifted down to a Mean Support of 26900. It is heading toward testing the next level of Mean Support, 26200, and could extend to the additional Mean Support level of 25100. However, in the meantime, the upside rebound to Mean Res 27400 is highly probable.
Technical Analysis and Outlook: As stated in the Bitcoin Daily Chart Analysis for the Week of September 29, the upward trend continued throughout the week's trading. Presently, the cryptocurrency is prepping for a surge towards Inner Coin Rally 29300, which will be followed by a decline to 28000.
Technical Analysis and Outlook: Sliding down from Mean Res 27200 was this week's trading order. Following the rebound from the newly created Mean Sup 26200 and completed Inner Coin Dip 26000, the upside move is ongoing. Nevertheless, there is also a chance that the market may fall to Mean Support 26500 before resuming its upside movement.
With the action-packed week of global central bank meetings for September now behind us, we believe it's an appropriate time to review where we stand. The current phase, in our view, can be aptly summarized by the words of Huw Pill, the Bank of England’s Chief Economist: a ‘Table Mountain’ scenario rather than a ‘Matterhorn.’ Recent announcements have positioned...
Technical Analysis and Outlook: This week, Bitcoin did a backflip and created a new Mean Res 27200, with a substantial drop-down anticipation to our strategic Mean Sup 25100 and Outer Coin Dip 24200, as we anticipate a retest of the Mean Res 27200.
Look at how the bullish green arrows and bearish red arrows show how global liquidity correlates HEAVILY with the direction of Bitcoin. T You don't have to be a genius to see how beautiful this correlation is. And how sensitive #BTC is to excess capital in the system. As a risk on asset When ppl have easy money to gamble with , a portion of that ends up in the...