The USD is trading lower today as oil slips back below $100 and Treasury yields edge down. The 10-year yield is off -2.2 bps at 4.367%, while the 2-year is also down -2.2 bps at 3.865%. On the data front, ISM Manufacturing PMI came in weaker than expected but held above the 50 level—keeping the…
The video above takes a detailed look of the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD from a technical perspective. On Wednesday, the Fed kept rates unchanged, but the decision revealed a notable divide beneath the surface. There were four dissenters in what was likely Powell’s final meeting as Chair. Hammack, Logan,…
Hey Traders, in today’s trading session we are monitoring GOLD for a selling opportunity around 4,615 zone, GOLD Was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 4,615 support and resistance area.Trade safe, Joe.
ZEC was previously in a clear bearish structure, printing lower highs and lower lows 📉 That changed once price broke above the previous major high — a key shift in momentum from bearish to bullish 🐂 Now, ZEC is in a correction phase within this new uptrend. As long as the bullish structure holds, we…
With three taps at the high, it looks like the Bears caught a Wyckoff Model 1 distribution and dumped the market.But before the Bears could reach their full target, the Bulls stepped in and said not so fast.Now it looks like the Bulls are off to a solid start today. The first challenge is clear,…
🔶 EUR/USD UPDATE 👉 EUR/USD remains supported and edges higher toward the 1.1750 level after posting strong gains on Thursday.👉 The European Central Bank (ECB) kept its policy settings unchanged, though policymakers are reportedly considering a rate hike in June if oil prices remain elevated amid the continued closure of the Strait of Hormuz. 👉…
Hello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded within a range, showing consolidation before a breakout to the upside, confirming bullish momentum. After the impulsive move, price entered a correction phase and started forming a triangle structure. Currently, price is trading below the 1.1750 resistance zone while…
Market Overview The crypto market capitalisation rose by 1.29% over the past 24 hours to $2.57 trillion, supported by the and indices hitting impressive new all-time highs. Furthermore, the strengthening of the caused the to fall, lowering the benchmark. The top performers were Zcash (+5%), (+4.8%) and (+3.4%). The underperformers among the top coins were…
Not every setup makes it into the free section, but when the market does something interesting enough…it’s worth bringing it out here too. Two days ago, we broke down Bitcoin right as the price was pushing into a key resistance zone, and the first signs of weakness started to show up. Today, we’re coming back…
BTC steadies at 76k, a weekly low Washington considers further military action against Iran, lifting oil prices Rising inflation worries support the Fed’s hawkish hold Big tech earnings offer some support to BTC US GDP and Core PCE data are in focus BTC technical analysis trades around $76k on Wednesday as escalating tensions between the…
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