ONLINE FOREX BROKER
2019-11-11 • Updated
The Bitcoin remains within a stage of indecision where there is no clear movement that defines the trend for the short and medium term. What is certain is that there is a range established between the levels of 12,000 and 9,000, where the BTC/USD would have to define its path to continue with the volatility that has characterized it for several months.
In recent days we have been seeing the news about the massive theft of cryptocurrencies by online e-wallets and this adds concerns about the security of these platforms to safeguard users' cryptocurrency reserves. In addition, the uncertainty surrounding the regulation of Bitcoin remains latent.
The resistance level of 11.924 continues to be a strong contention barrier for the buyers and we must bear in mind that the BTC is making a bullish cross of moving averages in the H1 chart. On the downside, we have a solid support at the Fibonacci extension of 61.8% at 9.259.
What do we expect?
According to our forecasts in the short-term, the BTC/USD pair is finding a selling force around the psychological level of 12,000 and in case of breaking it, we could see an advance towards the resistance zone of 13,618. On the downside, if the cryptocurrency breaks below 9.259, we could see an advance toward the Fibonacci extension of 100% at 5.754.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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