Market Analysis
March 1, 2021
Talking Points: ● BTC rebounds after hitting the support at 43,000 USD over the weekend. ● The breakout from the falling wedge pattern backs the upswing towards 58,000 USD. ● Resistance is...
March 1, 2021
Australian shares rose more than 1% early in Monday’s session, after some of the country’s most populated states continued easing restrictions over the weekend as the regions recorded no...
February 23, 2021
Talking Points: ● DOGE could see a 75% upswing as a bull flag pattern emerges. ● A solid close over 0.058 USD would trigger the start of a bullish breakout. ● Mounting selling pressure may...
February 22, 2021
Oil prices have slowly started to make their downward correction, with the worst of the US big freeze now over, and U.S producers starting to bring back crude oil production. It could take refiners a...
February 22, 2021
Sterling reached $1.40 against the U.S. dollar for the first time since April 2018 during last Friday’s session. The USD has been in decline after a weak US jobs report on Thursday, while the GBP...
February 22, 2021
Talking Points: ● LINK has bounced-off a key support close to 33 USD. ● LINK bulls look at rising wedge obstacle at 37.04 USD. ● The Relative Strength Index (RSI) points higher allowing for...
February 18, 2021
Talking Points: ● BTC has climbed to a new record high of 52,800 USD. ● Major investors warn of a likely correction, while whales continue to buy up BTC. ● As BTC’s supply on exchanges is...
February 17, 2021
Despite the quiet Lunar holiday period in much of Asia, shares advanced during Tuesday’s session, putting world equities on course to extend their bull run for a 12th consecutive session as...
February 12, 2021
A huge deep freeze across the United States is causing havoc across the energy industry in the largest U.S. crude-producing state, halting Texas oil wells and refineries on Monday and forcing...
February 10, 2021
Talking Points: ● XRP mainatins its upward momentum following a rebound from the key support at 0.35 USD. ● XRP must break through the 50% Fibonacci level to sustain the climb towards 0.75 USD....
February 9, 2021
Talking Points: ● Last week Gold price brock down. However, Gold is currently experiencing a rebound. ● Currently, Gold is testing resistance at the previous support, keeping the bearish...
February 3, 2021
The US dollar traded near a two-month high against the euro on Wednesday as investors looked to a widening the gap between the strength of the US and Europe’s pandemic recoveries. The view was...
February 2, 2021
Talking Points: ● ADA price targets a 30% upswing as the vital supply level at 0.35 USD is cleared. ● ADA price must hold above the 0.35 USD support level to continue its upswing, failure could...
February 2, 2021
Silver saw another surge in prices, with spot prices rising as much as 11.5% at one stage, and trading briefly above $30/oz for the first time since 2013. Retail demand has increased significantly,...
February 1, 2021
Talking Points: ● XRP flies out of consolidation with a bang, climbing above 0.5 USD. ● XRP bulls target 1 USD if the resistance at 0.6 USD is cleared. XRP has seen it’s first bull run...
January 29, 2021
Talking Points: ● DOGE surges by over 800% to record highs above 0.082 USD as Reddit traders drive the price up. ● DOGE sees the fear of missing out (FOMO) hit every time it spikes. DOGE out of...
January 27, 2021
Talking Points: ● XLM Development Fund invests 5 million USD in Wyre, a crypto payments company. ● XLM is slowly creating a bull flag pattern breakout, targeting 0.46 USD. ● A break below the...
January 26, 2021
Talking Points: ● ETH holds Strong to the support at the 50-day simple moving average (SMA) on the 4-hour chart. ● ETH resumes a fresh upswing, targeting levels over 1,500 USD. ● A potential...
January 25, 2021
US stock index futures rose in overnight trading on Sunday, with Wall Street preparing for the busiest week of earnings, including reports from some of the largest tech companies. The Dow Jones...
Asian Markets and FX start the week flat awaiting news from Federal Reserve and World Economic Forum
January 25, 2021
Time Zones mean that most mornings Asia looks West to see which direction markets should initially travel, and on Mondays, that means looking to Friday’s US and European closing prices. Today,...
January 21, 2021
Asian stocks climbed to record highs on Thursday, tracking U.S. markets as investors hoped for more economic stimulus from newly inaugurated U.S. President Joe Biden to offset damage wreaked by the...
January 21, 2021
The Euro-to-Dollar exchange rate dipped from earlier highs on Wednesday, leading a rout in Eurozone exchange rates that made Europe’s unified unit the worst-performing major currency for the...
January 20, 2021
Talking Points: ● LTC price appears to have encountered a strong resistance level. ● The cryptocurrency could be on the verge of a short-term correction, however, it has good support. LTC reached...
January 19, 2021
Stock Markets in the United States closed on Monday for Martin Luther King Jr. Day leading to lower volatility across asset classes, although it is also possible that caution will prevail throughout...
January 19, 2021
Talking Points: ● ETH has broken through an ascending triangle, adding support to the upward sentiment. ● ETH will validate the anticipated breakout towards 1,800 USD if it is able to sustain...
January 18, 2021
Talking Points: ● LINK is on the brink of a downward breakout amidst a rising wedge pattern formation. ● LINK whales are in sell-off mode following the new record high reached, putting more...
January 18, 2021
Asian share markets indicated losses early in Monday’s session as data confirmed China’s economy had bounced back during Q4 as factory output jumped, helping offset the impact of recent news of...
January 15, 2021
Talking Points: ● BTC retests 40,000 USD following its rebound of almost 30% in two days. ● BTC open interest up by 74% from the previous month, suggesting high investor sentiment. BTC is coming...
January 14, 2021
Last week saw a bounce in the USD across multiple currency pairs, largely due to market re-balancing ahead of the financial new year. Now we must watch on to see if the dollar can continue its...
January 13, 2021
Asian stocks rose on Wednesday, following modest Wall Street gains, as expectations that a vaccine will eventually win the battle against the coronavirus. – MSCI’s broadest index of...