Given the fact that manufacturer survey results are sky-high, accurate factory data continues to fall further and further behind. After dropping 0.9 percent in February, durable goods orders rose just 0.5 percent in March. Yes, aircraft orders are a big part of the problem, but supply chain issues are also slowing things down. March data […]
Read moreEthereum Classic (ETC) climbed higher in the early trading hours on Monday, as the entire cryptocurrency market regained bullish stability from its recent slump. The ETC is up by about 10.8% at press time, as the cryptocurrency market’s valuation climbs back above $2 trillion. The market crash last week got sponsored by Bitcoin’s fall below […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishSince February 24, the pair has been in a sideways trend after the rejection at level 1.4200. All the sideways moves have been restricted below level 1.4000. On April 19, a retraced candle body tested the 50% Fibonacci retracement level. […]
Read moreBitcoin SV Price Analysis – April 26 In case the bulls defend the support level of $233, there will be an increase in price towards the resistance level of $266 which may extend to $311 and $39 price levels. Further increase in the bears’ momentum may push down the coin to $233 level, which may […]
Read moreAccording to a report by Yonhap last week, the Seoul metropolitan government has confiscated crypto assets from hundreds of tax-defaulting cryptocurrency investors in South Korea. Based on the report, the government’s tax collection department has identified cryptocurrencies on three cryptocurrency exchanges belonging to 1,566 individuals, including company heads. So far, coins belonging to about 676 […]
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Key Support: 1770 Key resistance: 1783.50 – 1800 Gold is in a mayor bullish move since it bottomed at 1678 at the end of march following a very stable structure. Based on Elliot Wave, we are approaching the end of wave 4 which is the second pullback on a 5 wave bullish move. Right now, […]
Read moreKey Resistance: 150.10 Key support: 148.50 – 146.50 The GBPJPY has broken with a 5-month long bullish structure and is now retesting the back of this structure giving us the opportunity to go short here on a possible bearish continuation. In the short term, this pair is making lower highs and lower lows since it […]
Read moreEURUSD Price Analysis – April 26 As the third week of gains progresses, and Friday’s close above the daily cloud top adds to the optimistic sentiment, the pair retains a strong buying tone floating around a two-month high at 1.2116 at the time of writing. Another positive trend is the loosening of sanctions in Italy […]
Read moreKey Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingFor the past month, AUD/JPY pair has been trading below level 84.50 resistance. The bulls have not been able to break the resistance at levels 84.50 and 85.00. On April 20, the bulls broke the resistance at 84.50 but could […]
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