Share: Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “German economy is far away from the substantial upswing.” Additional quotes Proportion of German companies that want to … [Continue reading]
GBP/USD turns subdued as USD Index rebounds ahead of US Durable Goods Orders
Share: GBP/USD has witnessed a loss in the upside momentum and has dropped below 1.2440. The recovery move in the USD Index has scaled to near 101.80. The BoE would continue hiking rates further despite a more-than-anticipated contraction in UK … [Continue reading]
United Kingdom Rightmove House Price Index (YoY) dipped from previous 3% to 1.7% in April
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]
Gold, Chart of the Week: XAU/USD bears eye a run to test $1,970
Share: Gold price is under pressure on the front side. A move to test $1,970 is eyed ahead of $1,950 as per weekly chart structure. As per the prior week´s pre-open analysis, Gold,of the Week: XAU/USD bulls remain in control, where the Weekly … [Continue reading]
Litecoin price and LTC holders stuck in dilemma as third halving nears
Share: Litecoin price is stuck between two critical barriers that has trapped its volatility and kept it low. A recovery above $95.75 will be key if bulls want LTC to head northbound. A daily candlestick close below $73.40 will invalidate the … [Continue reading]
Can this Dogecoin price pattern pull DOGE out of the dump and trigger 50% move?
Share: Dogecoin price is forming a double bottom or the W pattern on the three-day chart, signaling a 48% rally. DOGE needs to overcome the $0.0965 and $0.1277 key levels to kick-start this ascent to $0.1890. Invalidation of the bullish thesis will … [Continue reading]
XRP price reveals Ripple bulls big picture plans for holders and it includes 50% rally
Share: XRP price shows a clear domination of bears after an 18% crash between April 18 and 21. The four-hour chart shows key accumulation levels before Ripple bulls kick-start a massive 50% uptrend. A failure to hold above the $0.396 level … [Continue reading]
Ethereum price pauses its plummet, here’s what ETH holders can expect next
Share: Ethereum price has shed roughly 13% in the last five days, after forming a local top at $2,147. As ETH pauses around $1,843, investors can expect a pullback to $2,050 before its next descent. Invalidation of the bearish thesis will … [Continue reading]
Lido DAO price could nosedive 40% if this LDO setup breaks out
Share: Lido DAO price shows a head-and-shoulders setup forming on the three-day chart, A three-day candlestick close below $2.00 will trigger a 38% crash to $1.25. Invalidation of the bearish thesis will occur if LDO produces a three-day … [Continue reading]
Solana price provides the best buying opportunity before SOL explodes to $40
Share: Solana price provides an opportunity to accumulate after breaking out of a massive multi-month inverse head-and-shoulders setup. This technical formation forecasts a 70% ascent from the point of breakout. A three-day candlestick close below … [Continue reading]