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US 100 index drops, reversing the August rally Nvidia woes keep sentiment negative Momentum indicators are turning bearish The US 100 cash index is in the red again today, trading back below the 100-day simple moving average (SMA) and having surrendered half of its August gains. Nvidia’s underperformance is keeping the index under pressure with the […]

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14/08/2024

Ethereum Gently Gaining Momentum

Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month’s trading range from where last week’s sell-off was intensified. Over the past 24 hours, the macroeconomic background has been favourable for risk appetite thanks to slowing producer […]
02/01/2024

EURUSD Fails Again at Key Resistance Area

EURUSD in the red again today after making a new 5-month high The key resistance area at 1.1032 is playing a key role in this move Momentum indicators signal that the current bullish move has probably ended EURUSD is registering its third straight red candle, after reaching a new 5-month high at 1.1139. However, the […]
21/08/2024

GBPCAD Reacted Higher After Ending Double Correction Lower

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPCAD. In which, the rally from 28 September 2023 low is unfolding as a leading diagonal sequence and called for an extension higher to take place. Therefore, we knew that the structure in GBPCAD should remain supported […]