Technical Analysis

GBPUSD bounces off a key support target The GBPUSD experienced a decline today, breaking below the 100-hour moving average (MA) at 1.22608 for the first time since March 17th. The pair’s downward trajectory brought it to a significant swing area between 1.2191 and 1.22028, with the rising 200-hour MA currently situated at 1.21952 – within
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WTI crude oil is higher on the week The price of WTI crude oil futures is settling at $69.26. That’s down $0.70 or -1.0%.. The low-price reached $66.82. The high price extended to $70.38. For the trading week, the price is up $3.47 or 2.32% from the close last Friday. Looking at the hourly chart
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On the daily chart below, we can see that the price got rejected from a key resistance level set in June 2021. Bitcoin had a parabolic rally since the peak of the banking “crisis” and we may now see a pullback with the most likely support at the 25231 level where we can also find
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On the daily chart below, we can see that the sellers couldn’t keep the momentum going breaking out of the 0.6191 support. As the fears caused by the failure of the Silicon Valley Bank and a possible banking crisis reached their peak, the buyers stepped in as emergency actions taken by the Fed and the
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On the daily chart below, we can see that the price has eventually break above the downward trendline, but the buyers couldn’t extend the rally much as the sellers are leaning on the red long period moving average. The US Dollar is under pressure as the market expects the Fed to cut interest rates as
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On the daily chart below, we can see that the broken trendline is acting as a strong support for the buyers, but the sellers keep leaning on the red long period moving average targeting a breakout. The market is getting nervous amid the stress in the banking sector and emergency actions taken by the central
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