Tesla may get rid of bitcoin in the near future
Tesla may get rid of bitcoin in the near future
Spoiler: nothing good. Tesla may get rid of bitcoin in the near future.
Forex Analysis & Reviews
Few clients of the investment bank Goldman Sachs believe that bitcoin will grow above $ 100,000 in 2021
Forecasts for the growth of the price of bitcoin among the real owners of the cryptocurrency are very restrained.
Technical Analysis of BTC/USD for March 07, 2021
Bitcoin price has been highly volatile in the past week. Hence, BTC has known a very high volatility since weeks for that it is still moving between $2,000 and $5,000 daily.
BTC's rally remains strong as the digital savings continues to protect critical support levels of $40 k and $45 k. Major.
JP Morgan: the demand for bitcoin among institutional investors has started to grow
Over the weekend, investors became more active, which led to a new round of growth of the world's number one cryptocurrency.
GBP/USD. Preview of the new week. Bears have taken the first step towards a new downward trend, but will they lose their grip on the new US stimulus package?
The pound has started a long-awaited downward correction, however, it risks ending very quickly. UK GDP may collapse in January.
EUR/USD. Preview of the new week. Key factors of the week: US inflation, ECB meeting, Treasury yield, and Joe Biden's "economic rescue plan"
The new week promises to be very interesting. Will the US currency continue to grow for the third week in a row?
Trading plan for the GBP/USD pair for the week of March 8-12. New COT (Commitments of Traders) report. The pound is not interested in US government bonds.
The pound is also falling, but much weaker, given the scale of the previous growth. Nevertheless, the trend here changes to a downward one.
Trading plan for the EUR/USD pair for the week of March 8-12. New COT (Commitments of Traders) report. Traders are panicking over the rise in US government bond yields.
The past week has been very favorable for the US currency. Almost all the factors were in its favor, but will the dollar continue to grow?
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Ichimoku cloud analysis of Gold
Gold price is trading at $1,700. Trend remains bearish as price continues making lower lows and lower highs. Gold weekly chart shows that for a second week on a row price is below the Kumo. All parts of the ichimoku indicator continue to confirm bearish trend.
EUR/USD: better-than-expected US nonfarm payrolls contribute to USD triumph
The final trading day was packed with major events. Following a publication of the US nonfarm payrolls for February, the US dollar index soared to the highest level in 3.5 months. Yields of 10-year US Treasuries climbed to 1.6%. EUR/USD tested the level of 1.18 for the first time since November of.
Head of the cryptocurrency exchange: Bitcoin will grow to $ 1 million in the future
The CEO of the cryptocurrency exchange believes that in the future, all prices will be in bitcoins.
March 5, 2021 : EUR/USD daily technical review and trade recommendations.
The price zone of (1.2040 down to 1.1990) corresponds to the previous Weekly Low which provided some temporary buying pressure.
However, this recent short-term upside movement has shown lack of sufficient buying momentum. Hence, upcoming downside movement is highly expected.
March 5, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Recent bullish spike has pursued above 1.2150 - 1.2175 (backside of the broken channel limit) where bearish rejection was previously anticipated.
Further bearish decline was expected to pursue towards 1.1960 and 1.1880 which is currently being approached.
March 5, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Strong bullish movement was expressed, Hence, upside movement was expected towards the new limit of the current movement channel around 1.4100-1.4150.
Obvious Bearish rejection and a SELL Entry was suggested around this price zone.
Dollar took Powell's speech as a good sign, but USD outlook is not as straightforward as it might seem at first glance
At present, the greenback is doing well due to several reasons. First, Fed Chairman Jerome Powell's faith in the U.S. economy and its ability to withstand rising Treasury yields favors the U.S. dollar. Second, higher yields in the U.S. make the dollar more attractive compared to its major.
Polkadot collapsed by 99% in a minute: the consequences
On one of the cryptocurrency exchanges, the price of Polkadot futures dropped by 99%, from $33 to $0.2. The most alarming thing in this situation is that the price of the coin collapsed in one minute, after which it recovered to its usual quotes.
Trading Signal for Bitcoin for March 05 - 08, 2021: Buy above $48,000
This news could influence Bitcoin, and we could see a fall to the levels of $ 30,000, on the other hand those who support Bitcoin are very confident, but the rapid rise of BTC suggests that there is also a fall to levels where that momentum began bullish.
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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
