During the Asian session, the British pound strengthened against the dollar. The impatience of currency traders before today's announcement of inflation pushes some of them to "bet" on the slowdown in inflation in the United States, thus weakening the dollar. The ten-year yield on US Treasury bonds jumped 3% late last week, giving the dollar an extra boost....
The price of silver lost 3.3% of its value yesterday, falling from $ 22.39 to $ 21.65. Today's picture is that the price recovered to $ 22.08 during the Asian session, and as we entered the European session, the price weakened and returned to the starting daily position at $ 21.75. We can say that there is more pressure on the lower support zone, and if it does...
The price of gold fell by $ 35 Yesterday, -1.85%. Very quickly, at the beginning of the Asian session, she found support at $ 1,850.62 and climbed to $ 1,865.25. There is still pressure on the price of gold due to the strong dollar that resists above 103.00 levels. If this negative consolidation, which started last Thursday, continues, we could see a further...
The price of Bitcoin continues its bearish trend, forming its new May low of $ 32,700. In the last fall in the price, bitcoin lost 18.4% of its value, and only today, 3.59%: It is very likely that we will see a continuation of the fall in the price towards the $ 32,000 level. We can draw a parallel channel on the chart to make it easier to track price movements....
The price of natural gas formed its maximum at $ 8.87 on Friday but withdrew very soon after that. The price dropped to $ 7.69 at the beginning of the opening of the Asian session. Since then, we have been in bullish consolidation, and we are now at the $ 8.12 level. If this trend continues, we can expect the price to rise to $ 8.35. A very important zone is at...
Pair NZDUSD formed a new this year's lower low at 0.63370; the last time we were at this level was in June 2020. Last Thursday, the NZD weakened sharply; the then high was at 0.65570. Very soon, the pullback started, and the pair dropped to the 0.63930 level on the same day. Friday was boring, and the pair moved in lateral consolidation with slight hints of...
GBPUSD chart analysis During the Asian session, the British pound continued its negative consolidation against the dollar. At its regular meeting yesterday, the Bank of England raised the reference interest rate from 0.75% to 1%. However, the island's central bank's view of the gloomy picture of the state of the British economy put intense pressure on the pound,...
During the Asian session, the British pound weakened after a strong rush from yesterday afternoon after the Fed raised the interest rate. A regular meeting of the Bank of England is being held today. At 13:00, a decision on the reference interest rate is expected with an accompanying announcement. Expectations are that the rate will be increased from 0.75% to 1%....
We need a drop in EURUSD below 1.05800 levels for the bearish option. The next lower support is in the zone around 1.05400 levels, then psychological 1.05000.
In the previous hour, Bitcoin formed its new higher high at $ 42,720. Last night, bitcoin found support at a price of 41,000 dollars, and after that, we see the current bullish impulse, which climbed above 42,420 from the previous high of April 11. Our next bullish target is $ 43,372. We can expect greater resistance here, and the reason is because last week, we...
After the price of ethereum fell below the $ 2,900 level yesterday, it consolidated very quickly and returned above $ 3,000 with a bullish impulse. This morning, ETH formed a new high this week at 3090 dollars, then we see consolidation in the range of 3040-3080 dollars. We can say that the price has stabilized above the moving average and that we are now...
We need a new positive consolidation and a price return to the $ 40,000 level for the bullish option. A price jump above would bring us above the MA20 and MA50 moving averages, positively impacting the price and potential recovery. Our next target is the zone at 41,000 dollars, then last week's high at 41,635 dollars. If bitcoin manages to make that move, we will...
Last Wednesday, the NZDUSD made a break below the support line that had been formed since the beginning of February. On Thursday, we had a retest on the trend line, and after that, we have a continuation of bearish trends due to the strengthening of the dollar. Today's minimum was recorded at 0.67220 level. The current position coincides with the support from...
For the bearish option, we need continued negative consolidation and a price drop below the $ 2,950 level, this week's minimum. After that, the next potential support is on the $ 2,800 level, the previous low of March 20. $ 2500 maybe in the coming period.
We now have a pullback within this consolidation, and we are looking for potential support in the zone around 3050-3075 dollars. The maximum price drop to preserve the bullish impression would be up to $ 3,025, up to the lower support line. A break below would increase bearish pressure, leading to a price drop below the $ 3,000 psychological level. The April...
Since April 11, Ethereum has been in a sideways, slightly growing canal in an attempt to reduce losses incurred the day before. The price of Ethereum then dropped from $ 3,300 to $ 2,950 within 24 hours. The resistance in this consolidation is at $ 3070, and now we see a new price drop towards the $ 3000 level. For the bullish option, we need positive...
During the Asian session, the euro was generally calm, and the EURUSD pair consolidated around 1.08800. As the European session began, the euro began to weaken again, with a break below 1.08700. Pair re-tested the 1,085,000 level and confirmed bearish pressure on the chart. We are now looking at 1.08350 as potential support before visiting the 1.08000 level, this...
Pair USDRUB tested 75,000 levels again on Friday, while today, we see a return above 80,000 levels. Moving averages of MA20 and MA50 range around 80,000 levels. The ruble is now at the level before the invasion of Ukraine. The sanctions imposed by the EU, America and their allies have failed to overthrow the Russian ruble and destabilize the Russian financial...