Cryptocurrencies traded lower since yesterday as regulatory concerns re-emerged. Bitcoin broke the initial support 34,000 more than the initial support, down 5% in the last 24 hours. Cryptocurrency might stabilize around $30,000, which is the bottom of the one-month trading range. Growing concerns from regulators have weighed on cryptocurrency prices over the past few months. [...]
The coronavirus pandemic has created an economy overheating and rising inflation in the United States. Which suppress the US dollar into bearish trend and the main reason is rising in oil and gasoline prices. Rising oil and gasoline prices pushes the US economy into challenges. West Texas Intermediate, the U.S. oil-price bench mark, hit $76.98 [...]
The GBP staggered low against the dollar on Wednesday after disappointing the Covid cases increases in Britain which raised doubts about the strength of the economic recovery, while the dollar awaited the Federal Reserve's minutes from its last policy meeting. Yields have plummeted in recent weeks as many speculators bet that rising inflation could trigger [...]
Chart patterns are abundant trading tool that should be utilised as part of your technical analysis strategy. However, there are many other patterns out there that can be useful for day traders, swing traders and long-term investors. Moving average is one of the patterns among it. Moving average Crossover Moving average is a line plotted over a [...]
