US News

The Next “Buzz Word” Altcoins Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month. Let me put this into perspective. In […]

Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: Bearish The Loonie is on a downward move. The downtrend was a result of the rejection at 1.2850 High. The pair fell to level 1.263 and corrected upward. The upward correction also faced another rejection at 1.2750. Nonetheless, the selling […]

When traders are looking for ways to become consistently profitable, they, sadly, tend to consider the wrong factors and looking for solutions in the wrong places. Yes, factors like hit rates, risk-to-reward ratios, risk control, etc. are very important to your career as a trader. Nonetheless, there is an important factor that determines your profitability, […]

AUDUSD Price Analysis – February 11 After it rebound from the prior week low at 0.7563 level, the AUDUSD pair has benefited from a sustained move past the MA 5 and 13 at the 0.7700 regions. The pair’s upside run continues to hold steady past the mid 0.7700 level as the underlying bias of a risk-on mood […]

S&P 500 price (SPI:SP500) has already generated a bearish signal, following a recent bullish movement, which started in November 2020. Price has crossed the EMA 21 to the downside and the Williams’ % Range period 20 is now sloping towards the oversold region. The market closes below the EMA 21 and the Williams’ % Range […]

Alphabet Inc. stock (NASDAQ:GOOG) is currently experiencing a bearish correction, following a recent bullish journey. The bullish bias remains in place, unless price drops below the demand level at 1700.00. In fact, 1700.00 is the target for sellers for this year. By then, the ADX period 14, which is currently around the level 20, should […]

Gold Price Analysis — January 30 Gold (XAU/USD) maintained its bearish tone through the early European session on Wednesday and was last spotted trading around the $1845 area. The bearish momentum was solely sponsored by a goodish uptick in the US dollar, which tends to undermine demand for the dollar-denominated commodity. The greenback saw a fresh […]

Facebook stock (NASDAQ:FB) is not an attractive market at all. Price is quite choppy and it is now caught in an equilibrium zone. Since June 2020, the equilibrium movement has started and it makes price oscillate between the upper and the lower Trendlines. The RSI period 14 is also between the levels 40 and 50; […]

Euro Dollar Exchange Rate – EURUSD is expected to trade at 1.22 and higher in 2021 by the end of this quarter. After COVID-19 disrupted financial markets and the global economy in 2020, the US dollar as a whole has weakened. Participants in the European foreign exchange market hope to see a return to economic […]

After a multi-year bear run, Bitcoin (BTC) has finally shut the naysayers by clearing its previous all-time high at $20k and has recorded a fresh record high at $24,300 by December 2020. From the third halving event in May to dramatically dovish global economic monetary policies to combat the COVID-19-induced economic crisis, there have been […]