ThinkMarkets

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Bitcoin prices have dropped sharply over the past three days, making it a tough period for crypto and altcoin holders. At one point, ETH was down 24% from its December 16 high, while Litecoin saw a full 41% drop from its peak. These sharp declines may encourage some buyers to take advantage of the massive pullback in altcoins, but watching Bitcoin's movements...

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A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the...

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The Fed's shift has shaken the market, ending the gold bulls' party. One of the main drivers behind gold's recent rise has been Federal Reserve rate cuts and signs of a slowing U.S. economy. However, the opposite trend is emerging, with the Fed likely pausing rate cuts now. Further trade wars could begin as early as Q1 2025 under Trump, potentially driving...

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In October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target. In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price...

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The trend remains bullish above 21,920, and as the market approached the 20,000 mark this morning, buyers stepped in. The trend will remain upwards above 21,920, and the biggest concern now is that many traders are sitting on significant profits, and with the tax year nearing its end, they may need to close positions to cover taxes. What’s your take? Will 21,920...

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Buyers in the Dow Jones are likely frustrated given the recent gains in other stock indices, and as sellers are aggressively challenging the bullish uptrend, with the index nearly erasing all gains of its 5% rally off the November 19 low. As the price approaches a prior consolidation zone between 43,319 and 43,557, a reaction is likely, potentially forming a...