ONLINE FOREX BROKER
2019-11-11 • Updated
Bitcoin has entered a consolidation phase that has been maintained over the weekend, with gains limited by the resistance of 8906. The 200-hour moving average seems to be giving Cryptocurrency bullish momentum to continue on its way above of the key level of 10000, after having found support on the Fibonacci zone of 78.6%.
The Parabolic SAR is calling for additional pressure on the BTC/USD pair, bearing in mind that a break in the moving average could clear the way to revisit the Fibonacci level of 78.6%. In addition, the 50-hour moving average is flat and this is an indicator that the price action could be maintained in sideways.
What do we expect?
According to our forecasts in the short-term, as long as the Bitcoin remains above the 200-hour moving average, we can expect additional gains for us to see a resistance break of 8906 and thus rebound towards the Fibonacci level of 38.2% in 9407. On the downside, if the March 23 lows come to give in front of the bears, the BTC could fall back towards 7068.
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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