BTC/USD Analysis: Bitcoin Price Rises Ahead of Halving
The halving (reduction of block mining rewards) is expected to occur on April 19-20.
Theoretically, Bitcoin mining will become less profitable, leading to a reduction in coin supply. Given unchanged demand, this should drive up the BTC/USD price. Ripple CEO Brad Garlinghouse has forecasted that the...
Relative Strength vs Relative Strength Index: What Are the Differences?
While the Relative Strength and Relative Strength Index indicators might share similar names, it’s important to know the difference between the two. In this article, we’ll discuss their unique characteristics, offer insights into their differences, and help determine which one is best for...
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BTC/USD Analysis: Bearish Arguments Become More Convincing
On March 18, we wrote about the activation of bears near the USD 70,000 level and the likelihood of consolidation forming near this psychological mark.
On March 25, we wrote that anxiety remains in the Bitcoin market.
Technical analysis of the BTC/USD chart with new data on the behavior of Bitcoin...
TSLA Analysis: Price Recovers after Disastrous Report
We previously wrote that lower vehicle deliveries could lower TSLA's stock price.
And as it became known on Tuesday, Tesla, led by Elon Musk, delivered just 386,810 cars in the first three months of 2024 - 14% below analysts' forecasts, according to Bloomberg. As a result, Tesla shares fell 4.9% that day,...
Market Analysis: NZD/USD Remain In Uptrend
NZD/USD is also moving lower and might attempt a fresh increase from 0.6000.
Important Takeaways for NZD USD Analysis Today
NZD/USD is also moving lower below the 0.6030 support zone.
There is a major bullish trend line forming with support at 0.5995 on the hourly chart of NZD/USD at FXOpen.
NZD/USD...
Market Analysis: AUD/USD Remain In Uptrend
AUD/USD is correcting gains from the 0.6620 zone.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar started a downside correction from 0.6620 against the US Dollar.
There is a key bullish trend line forming with support at 0.6550 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical...
Keltner Channels vs Bollinger Bands: Which Indicator Should You Use?
If you’re a trader, you likely know that indicators are a valuable tool for identifying trends and finding entry and exit points. Two popular indicators are Keltner Channels and Bollinger Bands. Both help you measure volatility, but which one is better? In this article, we’ll dive into the...
The US Stock Market Awaits the Publication of NFP And Unemployment Data
Important events of this week for investors and traders in the US stock market could be the employment news, which will be published tomorrow at 15:30 GMT+3:
→ non-Farm Payrolls (NFP) report for March. According to CNN, analysts expect nonfarm payrolls to rise by 192,500 in March. NFP for...
Brent Oil Price Reaches Its Highest Since October 2023
The Brent oil chart today shows that the price has exceeded USD 89 per barrel — this is the highest level since the end of October 2023.
Reasons for strong demand for oil:
→ The OPEC+ meeting ended this week. Exporting countries maintained their policy of limiting oil production unchanged.
→ Ukrainian drone...
USD/JPY Analysis: Calm Before the Storm?
The USD/JPY chart today shows that the rate has stabilized at 152 yen per US dollar. But can we say that there is calm in the market?
Hardly.
First, it is important to note that in 2023 there was a sharp reversal of trend around the 152.00 level due to intervention by the Japanese authorities, which supported an...
Market Analysis: USD/CHF Could Extend Gains
USD/CHF climbed higher above 0.9070 and might extend gains in the near term.
Important Takeaways for USD/CHF Analysis Today
USD/CHF climbed higher above the 0.9035 and 0.9070 resistance levels.
There was a break above a major bearish trend line with resistance at 0.9035 on the hourly chart at FXOpen.
...
Market Analysis: EUR/USD Starts Recovery
EUR/USD is attempting a recovery wave from the 1.0725 zone.
Important Takeaways for EUR/USD Analysis Today
The Euro declined toward 1.0725 before it started a recovery wave against the US Dollar.
There was a break above a key bearish trend line with resistance at 1.0765 on the hourly chart of EUR/USD at FXOpen.
...
Gold Price XAU/USD Sets Another All-time High
The XAU/USD gold chart today indicates that the price of the metal has exceeded USD 2,250 per ounce.
Causes:
→ Geopolitical tensions. Military conflicts in Ukraine and the Middle East do not subside, the threat of terrorist attacks is growing, and new hot spots may appear on the world map.
→ Concerns about a new...
How to Trade the Cypher Harmonic Pattern
If you’re an avid trader, you’re probably familiar with harmonic patterns. One of the rarer and more advanced patterns is the Cypher, which can be an effective tool for identifying potential trend reversals and entry points.
However, successfully trading the Cypher pattern requires a thorough understanding of its...
US Dollar Strengthens after Strong ISM Manufacturing PMI Report
Yesterday, news was published on the state of the US manufacturing sector, namely the Purchase Manager Index (PMI), which is calculated by The Institute for Supply Management (ISM).
The data turned out to be strong: fact = 50.3, forecast = 48.5, a month earlier = 47.8.
Since readings above 50...
E-mini S&P-500 Start Quarter at Historic Highs
On Friday, data from the Personal Consumption Expenditures (PCE) index was published. According to Trading Economics, the PCE price index report showed that inflation is slowing. On a monthly basis, it grew by 0.3% in February, forecast = 0.4%, a month ago = 0.4%.
Following the release of the PCE index, Jerome...
What Is the Spot Market?
The spot market is a fundamental aspect of the financial world. The concept may be unfamiliar to some, hence it is important to provide a comprehensive spot market definition, examine the types of markets, and identify the key players. Let’s delve into the topic.
Spot Market: Meaning
A spot market is a financial market in which...
