Category: Trend
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Shekel gains against dollar, bucking global trend
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As soon as it became clear yesterday that Donald Trump had won the US presidential election, the US dollar began to rise in the foreign exchange market, which is always the quickest of financial markets to respond. The DXY index, which measures the strength of the US dollar, rose 1.5%…
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Telkom woes deepen as 1m more customers flee, extending last year’s trend
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Kenya’s third-largest telecommunications company, Telkom Kenya, shed more than one million customers in the 12 months to June this year, new disclosures showed, extending a trend observed the previous year when the company lost 899,458 customers. Analysis of official data released by the Communications Authority of Kenya (CA) shows that…
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Telkom woes deepen as 1m more customers flee, extending last year’s trend
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Kenya’s third-largest telecommunications company, Telkom Kenya, shed more than one million customers in the 12 months to June this year, new disclosures showed, extending a trend observed the previous year when the company lost 899,458 customers. Analysis of official data released by the Communications Authority of Kenya (CA) shows that…
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Chart Art: GBP/USD’s Potential Trend Pullback Levels
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The British pound has just stopped the downtrend around a potential technical support area. Will GBP/USD find enough demand at this level to extend the long-term trend? We check the daily chart! GBP/USD 1 Hour Forex Chart by TradingView In case you missed the latest weekly forex market summary, you…
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Chart Art: Potential Trend Support Area For WTI Crude Oil (USOIL)
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Remember the support zone we talked about a few days ago? Well, it turns out the bears had more fuel in the tank than we thought! Now, USOIL may get a bid from the trend line support that has been holding since early September. What do you think of this…
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USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
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USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart below). That zone goes back to April 2024. The price also moved away from…
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USDCAD trend move higher continues. Pair is up near 300 pips in a week. What next?
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The US dollar has risen against the Canadian dollar over the past week, with the pair rising nearly 300 pips in one week of trading. This is a big move in a short period of time as the market is heading towards the upside. For a basic look at price…
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Bitcoin Bull Trend Persists Despite Pullback, Analyst Says
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One analyst explained how on-chain indicator data could indicate that an uptrend remains for Bitcoin despite the recent pullback. Bitcoin Coinbase Flow Pulse still points to a bull market In new mail On X, CryptoQuant author Axel Adler Jr talked about the latest trend in Bitcoin Coinbase Flow Pulse. “Coinbase…
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Bitcoin To $90,000 In 2 Months If It Mirrors This Trend?
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Bitcoin is back in the red at press time, looking at the performance on the daily chart. After an unexpectedly bullish September bar close, the coin started off on a weaker footing in October, falling nearly 5% from the $65,000 and $66,000 resistance areas. Will Bitcoin follow M2 global money…
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Chart Art: Trend Retracement Levels For Gold (XAU/USD)
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Where are the gold bugs? Spot gold (XAU/USD) seems ready to extend the long-term trend after touching some technical support levels. Do you think the precious metal will see new record highs this week? Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed yesterday’s headlines, the lack…
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FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
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The NZD/USD pair is having trouble extending its downtrend since it reached a potential support zone! Profit taking after last week’s extended moves may have pulled the NZD/USD down from highs at 0.6375. To make matters worse, this JPow was not as pessimistic as the markets expected, and only saw…
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Why Chinese currency strength is a trend to watch
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USD/CNY weekly Jamie MacGyver of Reuters comes out with a good column on the conundrum China faces as it seeks to stimulate the economy. He highlights that the moves could spark a rise in the yuan and that USD/CNY may also fall with US stimulus. He cites Stephen Jin –…
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Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why
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Bitcoin price movements and market sentiment are often linked to positions held by traders across the board. In this regard, A vision CryptoQuant analyst Amr Taha highlights the potential importance of Bitcoin’s long and short liquidation deltas, indicating a shift in market attitude. This indicator, according to Common View, provides…
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Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why
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Bitcoin price movements and market sentiment are often linked to positions held by traders across the board. In this regard, A vision CryptoQuant analyst Amr Taha highlights the potential importance of Bitcoin’s long and short liquidation deltas, indicating a shift in market attitude. This indicator, according to Common View, provides…
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Chart Art: AUD/USD Is Finding Support From A Long-term Trend Line!
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Australian dollar buyers may be preparing to take action after a short dip. Do you think the AUD/USD pair is ready to extend its weeks-long uptrend? We take a closer look at the 4-hour chart! AUD/USD currency pair on 4-hour chart Chart by TradingView Risk assets such as the Australian…
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Chart Art: Potential Trend Support Areas For Gold (XAU/USD)
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Spot gold retreats from record highs of $2,600 after US Federal Reserve cuts interest rates! Are we looking for an opportunity to join the long-term uptrend in XAU/USD? Let’s take a closer look at the 4-hour time frame: Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed…
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Bitcoin ETFs rebound, analyst sees institutional interest breaking September’s bearish trend
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Bitcoin exchange-traded funds (ETFs) have managed to break out of a two-week outflow spree, posting weekly inflows of more than $403.8 million. Analysts expect the surge in institutional interest this year to help bitcoin challenge the bearish narrative that prevailed in September. according to Soso ValueBitcoin ETFs saw $263.07 million…
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Chart Art: Trend Reversal Due for Silver (XAG/USD)?
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Are my eyes deceiving me or is this a reversal pattern forming on the 4-hour time frame of silver? I see what appears to be a complex double bottom or what could be an inverted head and shoulders formation. Anyway, check out this resistance area being tested! Silver (XAG/USD) 4…
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RYBREVANT ® (amivantamab-vmjw) plus LAZCLUZE™ (lazertinib) show strong favorable overall survival trend versus osimertinib in EGFR-mutated advanced lung cancer
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New longer-term data from the MARIPOSA study confirm superior outcomes of chemotherapy-free RYBREVANT ® plus LAZCLUZE™ regimen compared to osimertinib monotherapy as first-line therapy Results from an interim analysis featured in late-breaker oral presentation at WCLC SAN DIEGO, Sept. 8, 2024 /PRNewswire/ — Johnson & Johnson (NYSE: JNJ) today announced…
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Bitcoin ETFs outflow $706m: BlackRock, WisdomTree buck trend
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Outflows from U.S.-based bitcoin exchange-traded funds surpassed $706 million this week as bears pushed bitcoin to $53,304 — its lowest level since Aug. 5. according to Data According to SoSoValue, the 12 bitcoin ETFs recorded net outflows of $169.97 million on September 6, with Grayscale and Fidelity leading the pack.…