Bearish Double Top and Resistance Rejection
This educational analysis explains how a potential bearish reversal can develop when price reacts to a significant resistance zone.
Showing 37 results tagged Currency Market Clear
UNCERTAINTY ABOUT EXPORTS THROUGH HORMUZ DRIVES UP OIL PRICES.
Oil prices rose in early trade on Wednesday, jumping for the fourth day in a row due to supply concerns as investors considered conflicting messages from Tehran and Washington about whether the Strait of Hormuz is open to ships.
Data and events to watch
Traders should remain alert to several important market-moving events and economic indicators that could influence currency pairs, commodities, and broader risk sentiment. FX option expiries, central-bank communication, U.S. economic data, and Chinese economic releases could all contribute to increased volatility.
Market Drivers Today – Key Factors Moving the Forex Market
Geopolitics & oil: Oil prices have extended gains for a fourth day amid Middle East tensions (UAE–Iran, Strait of Hormuz concerns), supporting commodity-linked currencies and weighing on risk sentiment in Asia.
ETH/USDT: THE $1,950 ASCENDING CHANNEL EXPANSION!
Testing mid-range support at 1,895.63! Are you panic-selling this local pullback into trendline support, or getting ready to buy the bounce for a run to $1,950? 🤔
BTC/USD Bullish Breakout Setup
Bitcoin is showing a strong recovery after breaking out of the downward channel. Price is currently around 64,135, with the chart highlighting 64,901 as the key resistance.