After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
BTC/USD: be ready for action
2019-11-11 • Updated
BUY 3800; TP 4000; SL 3750
SELL 3620; TP 3560: SL 3650
After a big leap up on February 8, volatility in BTC/USD has once again died down. On D1, we see a series of very small candlesticks capped by the 50-day MA at 3715. At the same time, a break out of this range is inevitable.
The advance above 3800 will open the way up towards the 100-day MA around 4080 as there should be a lot of resistance on the way. On the contrary, the loss of support at 3620 will make the cryptocurrency vulnerable for the decline to 3560. A break below this level will be necessary for a deeper decline to the 2018-2019 support line at 3450.
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
Over the past year, the yen has been moving lower against the dollar mainly because of the overall USD strength. But there’s more behind the weakness of the JPY. How low could the currency go, and what drives USDJPY?
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.