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Bitcoin Price May Be in Peril After Losses Reshape Technical Landscape

Posted by By 20/05/2021Posted inForex
Bitcoin suffered staggering losses this week as technical levels gave way and months of gains evaporated in hours. The loss of technical support and risk appetite could see Bitcoin suffer…
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Central Bank Watch: Fed Speeches, FOMC Minutes, Interest Rate Expectations Update

Posted by By 20/05/2021Posted inForex
Even though higher price pressures have been realized, Fed policymakers have been resolute in their intent on keeping policy on hold at present time.
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Gold Price Rally Pushes RSI Into Overbought Territory

Posted by By 20/05/2021Posted inForex
The move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher gold prices like the behavior seen in July 2020.
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Dow Jones Price Forecast: Broader Uptrend Remains Intact Despite Volatility

Posted by By 20/05/2021Posted inForex
Although recent losses have worked to damage risk appetite and shorter-term trendlines, the broader uptrend enjoyed by the Dow Jones remains fully intact. Unless price breaks the trendline, the Dow...
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Moving Average (MA) Explained for Traders

Posted by By 20/05/2021Posted inForex
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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Euro Price Outlook: EUR/USD Rips into Yearly Open Resistance

Posted by By 20/05/2021Posted inForex
Euro surged more than 2.1% off the May lows with the rally now eyeing key resistance at multi-month highs. The levels that matter on the EUR/USD technical charts.
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USD/CAD Bullish Price Series Intact Ahead of Canada Retail Sales

Posted by By 20/05/2021Posted inForex
USD/CAD may stage a larger rebound going into Canada’s Retail Sales report as the series of higher highs and lows from earlier this week remains intact.
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DAX 30 & CAC 40 Technical Outlook: Volatile Ranges Need Resolved

Posted by By 20/05/2021Posted inForex
The DAX and CAC are in volatile ranges at the moment and continue to search for a resolution.
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British Pound (GBP/USD) Analysis: Bearish Engulfing Denies Retest of Yearly High

Posted by By 20/05/2021Posted inForex
The British Pound sold off slightly vs the US dollar as a bearish engulfing candle denies test of previous yearly high
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Bitcoin (BTC), Ethereum (ETH) Rally Remains Brittle, Volatility at Extreme Levels

Posted by By 20/05/2021Posted inForex
Wednesday’s cryptocurrency crash is being tempered today with the market well above yesterday’s sell-off lows, but volatility is stuck at acute levels
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