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Bitcoin testing Fibonacci 161.8 resistance
Bitcoin resumed advancing last week and is below $25,200 currently testing Fibonacci 161.8 resistance. The price is in consolidation mode after rebounding from the Fibonacci 100 level. The RSI is in neutral zone. Bulls are struggling to consolidate t...
Natural gas price keeps falling.
This year, natural gas spot prices have declined more than 46%. The price decline driver was the warmer-than-expected winter across Europe and the United States. While our last week's price prediction was about $3/MMBtu in February, with the current...
Euro and continuing dilemma
The Euro has been floating between the Central bank's decision and economic data. European economic data dedicating a weaker Eurozone economy, while ECB's policymakers state that the central bank has no reason to pause rate hikes after the following...
BTC above 24K, can we trust bulls?
After two weeks of falling, Bitcoin and most altcoins regained most of their losses. However, the main question is how far this price rise can continue, and can we trust bulls or not? After touching an almost one-month low of around 21,000 USD on Feb...
Sterling and return to the downward trend.
Strong Labor market and decreasing inflationRecently published data from the UK were mixed. Last week's GDP was disappointing, and this week's labor market data and inflation numbers were encouraging. GDP data released last Friday showed t...
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