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Bitcoin reversed from support zone Likely to rise to resistance level 109,675.00 Bitcoin cryptocurrency previously reversed up from the support zone between the round support level 100,000.00 and the 50% Fibonacci correction of the upward impulse from the middle of January. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern […]

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Slow Start to a Busy Week

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05/06/2024

NZDCAD Wave Analysis

NZDCAD broke resistance level 0.8400 Likely to rise to resistance level 0.8500 NZDCAD currency pair recently broke strong resistance level 0.8400 (which previously reversed the pair multiple time sin November and December). The breakout of the resistance level 0.8400 accelerated the active impulse wave 3, which belongs to the higher order impulse wave (C) from […]
15/03/2024

Cliff Notes: Fading Inflation Risks

Key insights from the week that was. In Australia, market participants were left with little to dissect this week. The latest NAB business survey pointed to the domestic economy remaining weak in late February, the detail of the survey broadly consistent with last week’s Q4 2023 National Accounts. Although business conditions rose to +10 in […]
22/07/2024

AUD/USD Outlook: Downtrend Extends into Sixth Consecutive Day

AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally. Last week’s 1.3% fall left large bearish candle (the first week in red after five consecutive weeks of […]