Related Posts

Aussie is on corrective phase

There is a possibility that we are seeing the formation of a major top after a great rally to 0.80 area. The long-term target (0.829) is still open after breaking out the triangle pattern (T1). However, it wasn’t finally able to continue higher as bears stepped in. If we zoom in the daily timeframe, there […]

Ethereum is forming a reverse H&S

Ethereum is forming a reverse Head & Shoulders after failing to violate the major resistance zone to the upside yesterday. This zone is the neckline of the pattern now. The pattern will be activated if price closes above 304-310 zone while it will give a measured target at 345$. The pattern will be busted if […]

Stock Markets tumble… Dollar Index reaches 9-week Low!

Yesterday was a tough trading day for most EU and US indices as coronavirus is spreading fast around the globe. Dow Jones Industrial lost 3.58% while NAS100 and SP500 3.10% and 3.39% respectively.  Mike Pence, US Vice President in charge of administration’s coronavirus Task Force, has reported there was an increase in deaths to 12 […]