Tag Archives: resistance

The S&P 500 faced strong resistance at the 200-DMA followed by a sharp drop approaching January 25 daily lows at 4,287. The S&P 500 plunges almost 1% during the New York session. After the Federal Reserve announced that it keep the Federal Funds Rates (FFR) unchanged at the 0 to …

Oil prices have continued to press higher, with front-month WTI crude futures now up more than USD 4.0 on the day and back in the USD 72.00s, nearly 50% of Friday’s steep decline over news on Omicron variant concerns has now been unwound.To get above the 50% Fibonacci retracement of …

Bitcoin’s meteoric rise above $50,000 this week is likely to continue well into the fourth quarter on rising market sentiment considerations.The October edition of the Bloomberg Galaxy Crypto Index, which provided an overview of where digital assets could be headed for the rest of the year, was out Tuesday.The report …

The reversal of New Zealand’s dollar from 0.0.6980 high has found support at 0.6955.The NZD/USD pair was able to maintain its near-term positive tone amid broad-based USD weakness. Therefore, the NZD/USD remains close to 0.7000 resistance area.The New Zealand dollar’s rejection at the 0.7000 area, seen during Monday’s earlier US …

The U.S. dollar has gained for a second straight session on Monday, bolstered by the rise in Treasury yields. The U. S. dollar’s latest move is ahead of announcements by Federal Reserve speakers this week, which could support expectations of the start of asset purchase tapering before the end of …