Let's not get stuck in a bias. Before I posted a long for Bch, I am starting to lean bearish as I see this symmetrical triangle play out. Usually, it's a continuation pattern, and the target would be about 280. I would wait and see which way the triangle breaks and then enter a position on the retest.
Nothing else apart from BUY..Note that this analysis is invalid when price break the Low at 0.63144
Market Overview The British Pound surged to a four-and-a-half-month high against the US Dollar on Tuesday as expectations grew that the Bank of England (BoE) would refrain from cutting interest rates later this week. Meanwhile, Sterling weakened against the Euro, driven by optimism surrounding Germany’s stimulus plans. The Euro’s strength has contributed to a decline in the US Dollar Index, indirectly supporting GBP/USD. Despite market optimism for the Pound, investors remain cautious ahead of key US economic data, which could influence the Greenback’s trajectory and introduce volatility to the pair’s movement. Technical Analysis GBP/USD remains in a medium-term uptrend that began in January 2025. However, the pair faces strong resistance near 1.29983, where price action has stalled amid overbought conditions. Despite this, buyers have attempted to reclaim control, pushing the price back to this resistance level. A sustained breakout above 1.29983 would confirm bullish continuation, with the next upside targets at 1.30067, followed by 1.30175 and 1.30293. Momentum indicators provide mixed signals. The RSI remains in bullish territory, while MACD shows neutral momentum, suggesting some consolidation before the next directional move. If sellers regain control, a break below 1.29865 could lead to a retest of 1.29673, which would be necessary to signal a potential trend reversal. Key Technical Levels • Resistance 1: 1.30067 • Resistance 2: 1.30175 • Resistance 3: 1.30293 • Support 1: 1.29865 • Support 2: 1.29673
Looking at how the market manipulated the highs and broke down , already in this
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I have seen another bullish pattern on the EURUSD pair, specifically an ascending triangle formation. The price has broken above the neckline of the pattern, indicating a strong bullish trend. There is a high likelihood that the price will continue to rise, with the next resistance level at 1.1016.
US30 Dow Jones has bullish momentum as long as it trades above 41560 and 41750. The main pivot line for today is 41560, so the general trend remains bullish, with a chance of a retest. For the market to turn bearish, the price must break below 41560 and close a 4H candle under this level. Key Levels: Pivot Line: 41560 Resistance: 41950 | 42210 | 42380 Support: 41560 | 41345 | 41030
The price has risen in alignment with my previous analysis . Currently, the price maintains strong bullish momentum following a breakout from the consolidation zone between 2,998 and 2,982. For today, a correction is expected from the current level to the previous support range of 2,998–2,982. After this retracement, the price is anticipated to regain upward momentum, targeting the next new level at 3,060. Bullish target: 3027, 3060 Bearish target: 2998, 2982, 2955
Nerdio, a platform designed to simplify how companies deploy and manage Microsoft cloud technologies, has raised $500 million in a Series C round of funding. The Chicago-based startup says its valuation has now quadrupled since its Series B round two years ago, and is now firmly in unicorn territory — though the company wouldn’t reveal […] © 2024 TechCrunch. All rights reserved. For personal use only.
U.S. President Donald Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid an uncertain public mood — all of which will inevitably impact the technology sector, too. On Tuesday, however, one food e-commerce startup, GrubMarket, seemed impervious to these macroeconomic concerns: it announced a new equity round of $50 million on […] © 2024 TechCrunch. All rights reserved. For personal use only.