2024-12-31 @ 12:05
Price Movement The daily candlestick chart for the Bitcoin shows a significant upward movement that peaked at around 108,364, followed by a correction phase. Initially, the price rallied from a consolidation phase into a substantial uptrend, reflecting strong bullish momentum. The uptrend, characterized by higher highs and higher lows, eventually reversed after hitting resistance around […]
2024-12-30 @ 12:50
Price Movement The USD/CAD weekly chart displays a pronounced upward trend, with notable momentum in recent weeks. The price has broken through previous resistance levels and continues to ascend within an upward channel. This aligns with a bullish trend that began in early 2023. Moving averages are converging, reinforcing the bullish sentiment. The price, however, […]
2024-12-30 @ 09:50
Price Movement The USD/JPY daily chart displays a strong upward trend, with the price moving consistently higher since early October. After hitting a low around 140 in late August, the pair embarked on a bullish trajectory, breaking multiple resistance levels. Recently, the pair has consolidated just below a significant resistance at 160, indicating a pause […]
2024-12-30 @ 00:05
Price Movement The USD daily chart showcases a significant upward trend in recent months, with the price breaking through a long-standing resistance level. Early fluctuations were contained within a range between 100 and 108, but recent bullish momentum has pushed the price above the 108 mark, indicating strong buying interest. The moving averages have aligned […]
2024-12-28 @ 21:50
Price Movement The daily chart of copper reveals a significant long-term downtrend following a peak at $5.2010. The price has been making lower highs and lower lows, indicating persistent bearish momentum. Recent sessions show copper trading within a descending triangle pattern, with resistance around the $4.3355 level and support near $3.9230. This consolidation reflects indecision […]