Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/CAD trades with modest losses below 1.3500 amid bullish Oil prices, subdued USD
Share: USD/CAD drifts lower on Monday and is weighed down by a combination of factors. Bullish Oil prices underpin the Loonie and exert pressure amid fresh USD selling. The downside seems cushioned ahead of this week’s key central bank event … [Continue reading]
AUD/USD clings to mild losses below 0.6700 as China-inflicted risk aversion fades amid illiquid markets
Share: AUD/USD remains sidelined around intraday low amid Easter Monday holiday. China’s military drills around Taiwan propelled geopolitical woes early in Asia. Absence of escalation in military strikes, off in multiple markets tame Aussie pair’s … [Continue reading]
USD/JPY drives to 132.50 as US Employment data supports more rate hikes from Fed
Share: USD/JPY has stretched its recovery to 132.50 as the solid US labor market has backed more rate hikes from the Fed. S&P500 futures are holding nominal gains despite escalating tensions between China and Taiwan. Ex-BoJ Nakaso is hoping for … [Continue reading]
Cosmo Price Prediction: Can ATOM revert to the mean?
Share: Cosmos price bounces off the $10.90 support level, opening up the chances for a recovery rally. A mean reversion play would allow ATOM to tag the $11.42 hurdle, and in a bullish case, the range high at $11.94 would be the target. A four-hour … [Continue reading]
Arbitrum price plots quick but efficient recovery rally to $1.32
Share: Arbitrum price consolidates in a falling wedge pattern, suggesting a potential for a bullish move. A breakout from this setup forecasts a 7% upswing that could extend up to $1.32. Invalidation of the bullish thesis will occur if … [Continue reading]
Crypto markets bleed as AnubisDAO’s $5.5 million worth of stolen Ethereum (ETH) on the move
Share: Anubis DAO rugger has transferred 3,000 ETH worth $5.5 million into Tornado Cash. As a result of the latest movement in funds, altcoins are bleeding, with some tokens facing losses in double digits. Bitcoin and Ethereum are holding … [Continue reading]
This Solana price consolidation foreshadows 70% bullish breakout
Share: Solana price has formed an inverse head-and-shoulders setup, forecastina a trend reversal. The setup forecasts a 70% upswing to $37.21 which could extend to $38.92 in a highly bullish case. Invalidation of the optimistic outlook will occur … [Continue reading]
MATIC price hints at 11% move after Polygon bulls seize control
Share: MATIC price prepares for an uptrend as it bounces off the four-hour orderblock at $1.09. Investors can expect a swift 11% move which will collect the buy-stops resting above $1.16 and $1.24 equal highs. A daily candlestick close below $1.07 … [Continue reading]
Litecoin price could jump 35% after LTC holders’ accumulation phase nears its end
Share: Litecoin price consolidates inside a bullish pennant pattern that forecasts a 35% upswing to $125. In a highly bullish case, investors can expect LTC to extend beyond $125 and tag the $131 hurdle. A daily candlestick close below $87 will … [Continue reading]