Bitcoin Hits Record, Gold Rises Before Powell Testimony

USDJPY resumes uptrend on Monday, after a brief pause last Thu/Fri and hit new multi-decade high, just ticks ahead of 154.00 round-figure barrier. Bulls hold grip despite increased pressure from overbought studies, with last week’s close above former pivotal barriers at 152.00 zone, adding to bullish signals. Initial resistances lay at 154.00/25, guarding targets at […]

EURJPY jumped to its highest since January 1992 last week But corrected lower after suspected Japanese intervention Oscillators weaken but remain above neutral zones EURJPY has been in a steep uptrend since the beginning of the year, storming to consecutive multi-year highs. In the near term, the pair experienced a strong pullback following a suspected currency intervention […]

WTI crude oil rises from 17-month low Momentum oscillators gain some ground WTI crude oil has finally climbed higher from the 17-month low of 65.70 after the aggressive selling interest from the 78.75 resistance. Over the last three weeks, the commodity has lost more than 16%, switching the outlook to strongly bearish. According to technical […]