- Silver reversed from the support area - Likely to rise to the resistance level 34.50 Silver recently reversed up from the support zone between the support level 33.50 (former monthly high from February), 20-day moving average, support trendline from February and the 50% Fibonacci correction of the upward impulse from March. The upward reversal from this support area continues the active impulse waves iii, 3 and (C) – inside which Silver has been moving since December. Given the strong daily uptrend, Silver can be expected to rise to the next resistance level 34.50 (the former monthly high from last month).
During our daily interaction class today, we observed that the ?USDCHF pair is consolidating within a horizontal range on a 4-hour time frame. After testing its resistance, there was a downward movement in the market which led to the breach of the neckline of a double top pattern, indicating a strong bearish signal for intraday trade. As a result, I anticipate that the price could decline to the 0.8789 level in the near future.
Former New York governor Andrew Cuomo advised cryptocurrency exchange OKX on how to respond to a federal criminal investigation, according to a Wednesday report from Bloomberg. Citing unnamed sources, the report says Cuomo was in regular contact with company executives, offering guidance throughout the probe by the FBI and the U.S. Attorney’s Office for the […]
Aetherflux, the space solar startup founded by Baiju Bhatt, the billionaire co-founder of Robinhood, has raised $50 million in a Series A round as it works to launch its first low Earth orbit demonstration in 2026. The San Carlos, California-based startup, which came out of stealth last October, aims to eventually launch a constellation of […]
Circle, the issuer of USDC, a stablecoin pegged to the U.S. dollar, filed to go public on Tuesday. The company, which makes money from interest earned on its reserve assets, reported that its 2024 revenue and reserve income was $1.68 billion, up from $1.45 billion the year prior. Circle’s 2024 net income was $156 million, […]
Today, during Nintendo’s big Switch 2 Direct, we got a bunch of trailers for upcoming games and finally learned that the new console will be launching June 5. But the real star of the show wasn’t a new Donkey Kong game or voice chat, it was a simple yet badass cow on a scooter built out of a boombox. Read more...
A Minecraft Movie comes out this weekend and early reviews are all over the place. Some are calling the gaming adaptation starring Jack Black and Jason Momoa a nonsensical disaster, while others think it’s not actually that bad. Microsoft’s Hollywood debut might feel like naked IP exploitation but it’s not necessarily…Read more...
Disclaimer: This is not professional financial advice; it is purely my personal opinion. Please consult a qualified financial expert before making any trading decisions. Initially, I planned to go long on USD/JPY based on the bullish momentum observed in the 4-hour time frame. However, the external structural high struggled to break, signalling potential weakness. Soon after, price action began forming lower lows, confirming a shift in structure to the downside. A solid change of character (ChoCh) occurred following a liquidity sweep on the opposite side of the chart, reinforcing the bearish outlook. Given this shift, I adapted my strategy accordingly, favouring a short position. Additionally, unexpected news from the Eurozone impacted USD pairs, accelerating price movements beyond my anticipated entry. This volatility was likely driven by macroeconomic factors, including a Dow Jones report on tariffs that may have influenced broader USD sentiment. Key Takeaways: Bearish Structural Shift – Lower lows formed after failure to break external structural highs. Change of Character (ChoCh) – Liquidity sweep indicated a momentum shift. Fundamental Influence – News from the Eurozone and tariff-related updates impacted USD pairs. I'll be monitoring further price action to confirm bearish continuation and potential re-entry points. #USDJPY #Forex #PriceAction #LiquiditySweep #MarketStructure
Home Depot's chart shows it just broke out of a descending channel! After a steady downtrend, it's pushing past resistance around $370. Is this the start of a sustained rally, or a temporary blip before it heads back down? Keep an eye on the next resistance level near $383 – a break above that would strengthen the bullish case. Are you betting on HD's strength, or seeing a potential pullback?
USDCHF - MARKET STRUCTURE, learn to read price direction and how to make profit