Gold rallies as the DXY even if the Dollar tries to increase versus its rivals. The price was into a temporary correction in the short term. It remains to see how the yellow metal will react in the next hours.
4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 132.9123 The British pound traded quite calmly on Friday and Monday. However, in general, its
4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 62.7228 The British pound continued its relatively strong upward movement on Thursday, July 22. It
The main cryptocurrency continues its downward trend. There is no doubt that the “bullish” trend is complete. However, we would like to mention a few important points that can also help traders and investors. The first thing to note is
Bitcoin volatility has dropped dramatically. Bitcoin price is trading above $30,000 and below $40,000 since May. Since late June price is stuck between $31,000 and 38,000. Price has formed a short-term bearish channel and as long as we do not
China has put huge pressure on bitcoin and other altcoins after they banned miners from working on their territory, as well as after banning Chinese crypto companies and over-the-counter dealers from conducting transactions related to cryptocurrencies. This caused a storm
Ethereum dropped a little in the short term but it could still resume its rebound. It has decreased to retest 2,040.62 support and now it could challenge the downtrend line again. ETH/USD has decreased as the BTC/USD slipped lower as
The US dollar index is moving around the 92nd mark, reflecting continued demand for the US currency. And although the excitement around the US dollar, provoked by the “hawkish” results of the Fed’s June meeting, has noticeably decreased, the dollar