Tag: Support

Another test of support for crypto

Market pictureBitcoin has changed little overnight, remaining near $19.1K amid a decline in stock indices. The first cryptocurrency continues to test the horizontal support of the past four months, as the Nasdaq100 updated its June lows...

OPEC+ 2mn bbl/day cut; not what it seems, but it signals the cartel will support the price

The news out of the meeting of the oil group:That 2mn number is misleading, though, as ANZ point out:the OPEC+ alliance agreed to cut current production quotas by 2mb/d. However, the group will...

US Dollar Faces Support Ahead of High Importance US Data

US Dollar (DXY) AnalysisMarkets appear to be speculating on a stalling Fed in light of recent US dataDXY faces sizeable support as selling pressure appears to be dissipating. Bullish and bearish scenarios assessed...

UAE set to support Saudi Arabia and Russia on oil output cuts

The UAE is likely to support substantial oil production cuts proposed by Saudi Arabia and Russia at Wednesday’s Opec+ meeting in a blow to US efforts to try to stop the deal.Full Article"Two...

EUR/USD Rate Rebound Struggles Ahead of Former Support Zone

EUR/USD Rate Talking PointsEUR/USD trades near last week’s high (0.9854) on the back of US Dollar weakness, but the recent rebound in the exchange rate appears to be stalling ahead of the former...

Trading with Supply & Demand – Part 1 – Standard Support and Resistance – Trading Systems – 3 October 2022

Standard Support and Resistance In order to properly introduce the supply and demand concept, it is important to analyze a...

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