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DXY: The DXY (US Dollar Currency Index) chart is currently displaying a bearish overall momentum, indicating weakness in the US Dollar. According to your analysis, there is potential for a bearish continuation in the price towards the 1st support level. The 1st support level at 103.00 is considered significant for several reasons. It represents an […]

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06/08/2024

Bitcoin Crashes Below $50K Amid Global Market Turmoil

Key Highlights Bitcoin price declined over 20% and even crashed below $50,000. BTC traded below a key bullish trend line with support at $67,500 on the 4-hour chart. USD/JPY tumbled and declined below the 145.00 support. Oil prices declined further and traded below $74.20. Bitcoin Price Technical Analysis Bitcoin price started a fresh decline after […]
25/01/2024

USDCAD: Key Levels to Consider for Further Upside or Deeper Correction

Bullish Scenario: Consider buying at levels 1.3428 or 1.3462 with take profit targets at 1.3990 (TP1), 135.00 (TP2), and 1.3510 in extension (TP3). It is recommended to set a stop loss (S.L.) below 1.3410 or at least 1% of the account capital**. Bearish Scenario: Selling below 1.3460 (waiting for a retracement to the zone) with […]
18/01/2024

Bitcoin Price Turns Red And Could Revisit $40K

Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it stays below the $44,000 resistance zone. Ethereum is performing better and might aim for a move toward $2,750. Bitcoin Price […]