The Central Bank of Turkey has banned cryptocurrencies. Who's next?
The Central Bank of Turkey has banned cryptocurrencies. Who's next?
Apk Invest continues to invest in the NASDAQ-listed CoinBase exchange.
Forex Analysis & Reviews
EUR/USD: The moment of truth
Until recently, I was sure that the EUR/USD rate would drop to the level of 1.14, but today we must admit that not everything is as simple as it seemed at first. The EUR/USD currency pair has never been simple, and its current somersaults once again confirm its wayward nature.
GBP/USD. Pound in anticipation of "hot" events in Northern Ireland
Dollar pairs cannot determine the direction of their movement. This applies to all major group currency pairs. Torn by contradictions, traders do not risk investing in the greenback – however, quoted currencies are also not in proper demand.
April 16, 2021 : EUR/USD daily technical review and trade recommendations
Further bearish decline extended towards 1.1710 which provided BUYING Pressure while being tested.
Hence, an upside pullback was expected to pursue towards 1.1840 which failed to provide sufficient bearish pressure.
Netflix stock price trapped in a trading range for nearly a year
Netflix stock price is trading around $546. The stock price of Netflix has been trading inside the trading range of $575-$466 since May of 2020. Despite being in a bull market where indices make new all time highs, the stock price has been consolidating inside this range. This is not necessarily a.
April 16, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
The EURUSD pair has launched the current bearish decline below 1.1820. Further bearish continuation is expected to pursue at least towards 1.1690 or at least few pips above.
Around 1.1690, a high probability bullish trade could be taken around it, a bullish pullback was expected to occur towards.
April 16, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Short-term outlook has turned into bearish after the GBP/USD pair could maintain movement below the price zone of 1.3820-1.3900 which corresponded to (61.8%-50%) Fibonacci zone. However, the pair has recently failed to drop below the price level of 1.3670.
Another Recent bullish trial for.
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Gold price continues higher approaching our first target area
Gold price gave us two bullish signals yesterday. The first one was when price broke above the short-term trend line resistance at $1,746 and the second one and most important one was when price broke above $1,758 major horizontal resistance.
Short-term view on XRP/USD for April 16, 2021
XRP/USD earlier today broke down below our first trend line support and reached our first horizontal support area and first pull back target area of $1.50-$1.30. With a low at $1.41 and having reached the 38% Fibonacci retracement level of the breakout move, there are increased chances that we will.
Litecoin reached our target and remains in bullish trend.
LTC/USD reached our $286 target and has pulled back towards $270. Trend remains bullish as price is inside the bullish channel after the triangle break out. The triangle break out was an important bullish signal and our next target as we said in previous posts, is now at $332.
Is EURUSD forming a right hand shoulder?
EURUSD is trading just below 1.20 after a strong bounce from 1.17 low. Our bounce target area was around 1.20-1.2050 where we now find important resistance. If price makes a top at current levels and turns towards 1.17, then we will have a complete formation of a head and shoulders pattern.
USDCAD rejected at 1.2550-1.26, vulnerable to a move towards 1.23
USDCAD continues trading inside the downward sloping wedge pattern since August of 2020. Trend remains bearish as price continues making lower lows and lower highs. We warned in previous posts that in order for trend to change, price needed to move above 1.26-1.2650 level and out of the wedge.
Trading Signal for Bitcoin BTC/USD, for April 16, 2021: Sell below 62,250
At the technical level, we note that the BTC / USD, is making a correction after having made a new maximum in the 64,000 zone, the immediate support is located in the area of 57,587.
Trading Signal for Dow Jones #INDU for April 16, 2021: Buy above 33,900
The 1-hour chart shows that the Dow Jones, #INDU, is located above the SMA of 21 located at 33,920, and faces a daily resistance at 34,000, as the bullish momentum is clearly prevailing. It could surpass this mark and reach...
Trading Signal for EUR/USD for April 16, 2021: Sell Below 1.1988
We note in the daily chart that EUR / USD has reached a key resistance level, around 1.1988. In the month of March, the pair has formed a double top, and the price is now touching this...
EUR/USD continues to rally despite a series of strong economic data from the US
Despite the fastest acceleration in consumer prices in almost 9 years, retail sales growth at the fastest pace since May, the decline in the number of applications for unemployment benefits to the lowest level since the beginning of the pandemic, and the expansion of industrial production by 2.7%,.
All cryptocurrencies have been banned in Turkey since April 30. Institutional investors are coming to the market more often
Many traders are waiting for a correction in cryptocurrencies, and it seems that here it is. The exchange rate of bitcoin and ether collapsed after reports appeared that the central bank of Turkey banned the use of cryptocurrencies as a form of payment. From April 30 of this year, payments and.
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