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Risk majors followed up their fightback last Friday with more solid gains into Monday’s session. The AUD has seen solid gains after the weekend’s Federal election, which saw a change of government. The EUR hasn’t seen those two gains but has still beat last week’s high. The breakout above last week’s high drew our attention […]
Looking at the USDCAD on the daily chart traders, could we see a new move lower if sellers can reverse today’s rally and break last Friday’s low? We are looking for that low break as it will back up a break of the fast trend and confirm the current bearish CCI. Risk markets look to […]
Things have taken a turn back to safe havens with heavy selling resuming into today’s European session. After a small push at a fightback, the floodgates reopened. Stock indices and Crypto markets have been the heaviest hit, with some coins dropping over 11% lower. Sellers haven’t overlooked Gold as sellers moved back into the yellow […]
What a wild week. Looking at the weekly charts, it just looks like another lower week, but that was far from the truth. Most coins started the week on the sell, with Monday’s session setting new weekly lows. A lot of attention was on Thursday’s FOMC meeting. US policy regarding rates due to inflation has […]
Today’s focus is on Litecoin as price has started a new push higher after holding once again at 97.15 key support. Most coins are firm at this point in the day as buyer interest continues to pick up. We saw this yesterday, but things changed in the US session, and gains turned to losses. Could […]
Looking at Bitcoin, we are seeing a few things to keep an eye on. So far, crypto markets look to be following equities lower after yesterday’s Fed shock around inflation worries and policy adjustment to try and correct it (rate rises). Today has seen a second straight day off losses for Bitcoin as sellers continue […]
Today we’re looking at AUDUSD after the price failed once again to hold above .75 cents. The newest rejection also lines up with key resistance that also continues to hold buyers at bay. Price failed at 75 cents for a fifth time today, reinforcing the current supply area. Above this area, we also have key […]
As traders continue to watch the situation between Ukraine and Russia, we continue to see certain risk markets pull back losses seen on the outbreak of the conflict. The US30 is one of the indexes that have pulled together several solid weeks after setting lows in February. Since that low, we have seen just under […]
It was another week of trade that, in many ways, continues to be governed by the ongoing conflict between Russia and Ukraine. The week started with a sharp decline but buyers soon came back to life after new lows were hit since the Russian invasion began. Monday and Tuesday saw a follow-up to the buyback […]
