Data from the Cryptocurrency Management Quinchers Monday (April 26th) showed that the cryptocurrency Bitco8b lost record weekly flows as sentiment in general towards cryptocurrencies turned to caution after a rally stalled. BTC lost $21 million in inflows in the week ending April 23, the largest weekly inflows on record. The …
Read More »US Natural Gas Contracts Rise to Highest Level in 7 Weeks, Supported by Record Exports
US natural gas futures rose more than 2% to their highest level in seven weeks on Monday, as exports continued to hit record highs while production declined slightly. The increase in prices came despite forecasts of milder weather, and demand for heating until mid-May is lower than previously expected. Gas …
Read More »Bitcoin Retest Support
Positive trading dominated the movements of Bitcoin within the bullish corrective bias targeted during the previous analysis at 52,050, recording its highest level at 54,301. On the technical side, the current movements are witnessing a bearish bias, as a result of the negative features that started to appear on the …
Read More »DAX Maintains Bullish Bias
The German DAX index managed to achieve the required target during the previous analysis, located at 15,350, to hit a high of 15,343. On the technical side, today we tend to be positive, with the index succeeding in building a support floor of 15,260, and generally above 15,200. The 50-day …
Read More »Dow Jones Settled Above Support
The Dow Jones Industrial Average traded positively during the previous trading session on Wall Street, recording its highest levels of 34,042. On the technical side today, the upside bias is still in place, with the index price stabilizing above the 33,790 support level, accompanied by the clear positive signs on …
Read More »GBP/JPY: Witnessing Positive Moves
The pound against the Japanese yen was able to achieve our bullish targets located at 150.45, recording its highest price during the previous session’s trading at 150.60. On the technical side today, the bullish bias still dominates the pair’s movements, depending on the stability of trading above the 50-day moving …
Read More »Canadian Dollar: Touches Targets And Selling Pressure Continues
The Canadian dollar fell significantly against its US counterpart, touching the official target during the previous analysis, located at 1.2380, recording a low of 1.2380. Technically speaking, and by looking at the 60-minute chart, we find the simple moving averages continue to pressure the price from the top and support …
Read More »Pound Positivity Looking For Confirmation
Oil, Crude, trading
Read More »Crude Oil: Crude Oil Trying to Hold
Oil, Crude, trading
Read More »Gold Still Awaiting Pending Orders
Gold traded stabilized within sideways trades that tend to rise, confined from the bottom above the support level 1771 and from the top below the pivotal resistance published during the previous analysis, 1783. Technically speaking, the price is based above the 50-day moving average, which meets near the support level …
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