Technical Analysis

Technical Analysis:From the previous analysis below the price showed a strong facesupport areas close 37.5KAs expected from there the price rose again higher up to 42K.In fact, the price is testing the 42K structure again for the second time.The last time the price tested 42K, it pushed it back down indicating it was not a weak area of resistance.Will the price go over 42 thousand this time?If this move is to occur, the price should continue to move above up to 45 thousand corresponding to the next area of resistance.Also, the higher time frame analysis supports the idea that BTC...

As you may know, yesterday FOMC Increased the Interest Rates. Usually, an Increase in Interest Rates means that the central bank is supporting the economy and this leads to an increase in the value of the country's currency. So, Why did the USD dollar is losing ground today?U.S. Inflation Hit Fresh 40-Year High of 7.9% Before Oil Spike"The surge in energy prices putting additional upward pressure on US inflation.""Russia's invasion of Ukraine has added to inflation pressures and implications are highly uncertain.""Reducing the balance sheet will also play an important role in tightening policy."So overall the high inflation at an all-time high...

GBPAUD | Double Bottom Pattern | Real-Time ExampleHow Can You Trade It?As many of you may know, the Double Bottom pattern is created when the price is getting ready to change directionof price movement.1-) In our example, GBPAUD made the first move down close to 1.77502-) After that, the downward movement was followed by a strong pullback up to 1.80503-) In the next step, the price moved down again close to 1.7750 by creating in this way the potential second leg of the pattern.4-) The price increases the bullish momentum and manage to rise again.5-) At this moment we set a...

Uber Technologies, Inc. (Uber) is anAmerican mobility as service provider. It is based in San Francisco with operations in approximately 72 countries and 10,500 cities.Its services include:ride-hailing, food delivery (Uber Eats and Postmates), package delivery, couriers,freight transportation, electric bicycle and motorized scooter rental via a partnership with Lime, ferry transport in partnership with local operators.Uber does not own any vehicles; instead, it receives a commission from each booking. Fares are quoted to the customer in advance but vary using a dynamic pricing model based on the local supply and demand at the time of the booking.Technical Analysis:UBER could test $...

Over the past week, we have seen the price delete almost 5.4%from its profits.Uncertainty about the talk agreement of the war still holds the pricegoods in a very strong pressure and high panic.However, talks between the two countries are looking a little better andhopes for a deal that could be reached soon stopped GOLD at the peak of all-time time highs tested earlier in August-20Technical Perspective:Once the price reached again an all-time high, thus testing a strong resistance areanear 207 we saw a very strong price that reacted in 1960 to a matter of time3 days.It can be clearly seen...