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Dogecoin rose by 7.81% on Monday. Reversing a 0.33% loss from Sunday, Dogecoin ended the month down by 3.71% to $0.3257. A bearish start to the day saw Dogecoin fall to an early morning intraday low $0.2940 before making a move. Steering clear of ...
Silver gained strong downside momentum and is testing the support at $24.20. If this test is successful, silver will move towards the next support at $24.00. RSI is close to the oversold territory, but there is still plenty of room to gain ...
The Euro is inching higher in a cautious trade on Tuesday as traders prepare for the start of the U.S. Federal Reserve’s two-day monetary policy meeting. Weaker Treasury yields are also weighing on the greenback. Fed policymakers are expected to ...
US Energy Information Administration Weekly Storage Report The EIA on Thursday reported a 98 Bcf withdrawal from U.S. gas stocks for the week-ended February 26. Analysts were looking for a triple digit pull, so the report was deemed disappointing. ...
Daily Swing Chart Technical Forecast The direction of the May WTI crude oil market on Monday is likely to be determined by trader reaction to Friday’s close at $65.92. Bullish Scenario A sustained move over $65.92 will indicate the presence of ...
Daily Swing Chart Technical Analysis The main trend is up according to the daily swing chart. The uptrend was reaffirmed earlier today when buyers took out Friday’s high. A trade through $31.14 will change the main trend to down. The minor trend is ...
The main trend is up according to the daily swing chart, however, momentum shifted to the downside on May 21. A trade through 1.1008 and 1.1018 will signal a resumption of the uptrend. The main trend will change to down on a move through the last ...
GBP/USD has settled near the first material support level at 1.2170. If this level is breached to the downside, GBP/USD will likely gain additional downside momentum and head towards the next support level at the recent lows at 1.2080. In this ...
Silver continues its upside move, boosted by general rally in the precious metal segment and the weaker U.S. dollar. As I previously noted, gold’s ability to stay above the key $1700 level should increase the flow of money into the precious metal ...
Gold futures are nudging higher on Tuesday after posting a dramatic technical closing price reversal top the previous session. The chart pattern, although potentially bearish, does not indicate a change in trend. However, if confirmed, it could ...
Silver managed to stay above the $14.00 support level and continues its upside move. The U.S. Initial Jobless Claims have just been released and showed that roughly 3.3 million Americans applied for unemployment benefits. The markets have been ...
Silver has started the week with losses. Currently, silver is trading at $16.96, down $0.65 or 2.16% the day. Silver Slips on Demand Concerns Silver continues to show sharp swings. The metal gained 4 percent last week, but has already given up about ...
Consumer prices in the UK rose sharply on an annual basis while declining 0.2% on a month over month basis. CPIH, which includes owner occupier’s housing costs, rose 1.8% in the year to January, up from 1.4% in the prior reading. The largest ...
Key price areas to watch next for silver are the most recent swing high of $18.08 on the upside and $17.47 on the downside, followed by $17.07. The upside price is the more significant as a move above it will trigger a breakout of a bullish ...
Gold futures are trading flat shortly before the regular session opening. On Tuesday, the market plunged on a surge in demand for risky assets. Traders who bought gold recently were burned when investors dumped the so-called safe-haven asset and ...
Silver has started the new trading week with losses. Currently, silver is trading at $17.77, down $0.23 or 1.37% on the day. Silver continues to keep investors guessing at to where it is headed. After sharp losses last week, the metal rebounded late ...
Crude is trading sideways in Wednesday trade. U.S. crude oil is trading at $53.95, up $0.01 or 0.03% on the day. Brent crude oil is trading at $60.22, up $0.22 or 0.37%. The sharp slide which started last week sent U.S. crude prices lower by over 10 ...
Silver prices are steady in Tuesday trade. Currently, silver is trading at $18.05, down $0.04 or 0.21% on the day. Silver Slips Despite China Virus Silver prices rose on Friday, as the outbreak of the China coronavirus sapped risk appetite and ...
The Euro is inching lower against the U.S. Dollar on Tuesday while posting a narrow inside trading range. Traders are awaiting the release of several U.S. economic reports and the start of the U.S. Federal Reserve’s two-day meeting. At 13:30 GMT, ...
Silver prices have started the week with gains. Currently, silver is trading at 18.18, up $0.08 or 0.45% on the day. In the Asian session, silver climbed as high as 18.36, its highest level since January 8. Silver has been flirting with the round ...