Ethereum has been fairly quiet during the trading session here on Tuesday as we hang around the 50 day EMA. The 50 day EMA of course is an indicator that a lot of people will be paying attention to. But I think what’s even more important is the $4,000 level just below. The $4,000 level…
Bitcoin is trying to find a little bit of strength and support in this general vicinity of $113,000. And the market breaking down the way it has only to turn around and form a bit of a hammer does suggest that perhaps we have a real shot at bouncing here. The 50 day EMA, of…
The light sweet crude oil market initially pulled back just a bit to test the $62 level, a level that’s been important for several weeks. If the market were to break down below there, then we could open up the possibility of a move all the way down to the $60 level. But I think…
The Aussie dollar has gone back and forth during the early hours here on Tuesday. As we are trying to find a certain amount of momentum to eventually go higher. All things being equal. This is a market that will be very sensitive to risk appetite. After all, the Australian dollar is a commodity currency…
The US dollar initially rallied against the Canadian dollar during the early hours on Tuesday, but we have seen the market turn around and show signs of hesitation. Whether or not that continues to be the case remains to be seen, but ultimately this is a situation where we find ourselves in a fairly tight…
During the trading session on Tuesday, we have seen the US dollar go back and forth in a fairly tight range against the Swiss franc. It is worth noting that the 0.79 level is offering significant support, and we do find ourselves still above that level. If we were to break down below that level,…