Related Posts

BTCUSD is heading to a major support of 4900!

Bitcoin is currently correcting aggressively losing more than 400$ intraday. We have noted two major daily supports at 4900$ and 4360$. The bias remains bullish as long as 21 EMA remains intact. Reviewing the hourly TF, we can notice the confluence of support with 4900$ and the 200 SMA. This area may give an intraday […]

Market Recap-Equities falling

Markets have been in full risk-off mode during the first day that followed the collapse of the USA-China trade negotiations. Dow Jones crossed south the 200Day Moving Average and recorded a -5.55% from the 1st of May high. China’s currency (CNY) has been depreciated against USD by -0.97% from Friday’s close and -2.64% since the […]

The Trading View for GBPUSD

Today the cable stalled as failed to break above 78.6% Fibonacci level according to the daily timeframe. In addition, Stochastics (8,3) is forming a minor negative divergence which may indicate a short-term weakness. Daily Heading to the hourly timeframe, the area near to 50% Fibonacci level may offer a decent support to bulls. However, Stochastics […]