Why the Winklevoss twins eye BTC at $500,000?

William Arsn

Tyler and Cameron believe that Bitcoin has the potential to rally to $500,000 supported by widespread inflation. Bitcoin has more intrinsic value compared to precious metal gold. Central banks are likely to convert their reserves into Bitcoin in the future. It is obvious that Bitcoin has been in a bull […]

Communicates a commanding bearish bias

William Arsn

USDCAD seems to be pursuing its proclaimed bearish direction, something also conveyed through the dominant negative bearing within the simple moving averages (SMAs). The short-term oscillators as well as the falling Ichimoku lines deliver a negative demeanour reinforcing this view. The MACD, some distance in the negative region, is decreasing […]

Sellers look for entry below 78.00, Australian GDP eyed

William Arsn

AUD/JPY consolidates near 16-month high above 78.00. 50-HMA, late-August top restrict immediate downside. Short-term descending triangle challenges the upside moves amid bearish MACD. Aussie GDP expected to drop 6.0{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} versus -0.3{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} in Q2 2020. AUD/JPY struggles for a clear direction around 78.15 during the early Wednesday morning in Asia. While […]

Although paused, conveys robust upside risks

William Arsn

EURUSD maintains a solid bullish mode, despite appearing stuck within the confines of 1.1695 and 1.1965. The Ichimoku lines are broadcasting a positive bearing regardless of the recent stalling in the red Tenkan-sen line. Likewise, the progressing simple moving averages (SMAs) command a resounding bullish bias. Additionally, the short-term oscillators […]

XAU/USD moves back above $1970 level, closer to session tops

William Arsn

Sustained USD selling bias extended some support to the dollar-denominated commodity. A turnaround in the risk sentiment provided a modest lift to the safe-haven precious metal. The uptick lacked any strong follow-through, warranting some caution for bullish traders. Gold reversed an intraday dip to the $1954 area and might now […]

Is the growth of the pair quotes possible?

William Arsn

Recommendation for GBP/CAD: Buy Buy Stop : Above 1,75 Stop Loss : Below 1,717 Indicator Value Signal RSI   Neutral MACD   Sell MA(200)   Buy Fractals   Buy Parabolic SAR   Buy Bollinger Bands   Neutral   Chart Analysis On the daily timeframe, GBPCAD: D1 approached the uptrend support […]

Bulls eye long opportunity from support structure

William Arsn

Developing story CAD/CHF has made a bullish impulse followed by a 50{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} mean reversion from which the price has held and pushed higher to form a support structure, keeping the bullish trajectory intact. Bulls can enter at support and seek a push higher on the shorter-term frames. The following charts display […]