Market Forecasts and Analyses
19 Jan 2022 1 minute read 0 comments FX Empire
Our weekly analysis on Elliott Waves takes a close look at the GBP/USD, the Ethereum crypto currency, and the Gold commodity. Weekly Waves 17 Jan: Ethereum, GBP/USD, and Gold Our analysis indicates a bearish ABC correction on the GBP/USD, a potentia...
19 Jan 2022 1 minute read 2 comments FX Empire
Bitcoin settled below the major support level at $42,600 amid broad crypto market pullback. Bitcoin looks weak technically and may find itself under more pressure if Treasury yields continue to move higher. Higher Yields Push Traders Out...
18 Jan 2022 2 minute read 2 comments FX Empire
Cardano (ADA) topped September 2 at $3.10 and has since essentially moved lower since, with a few bounces along the way. My Elliott Wave Principle (EWP) count suggests ADA completed a significant 5th wave top back then and is now going through a mul...
18 Jan 2022 1 minute read 0 comments FX Empire
Sector leader Bank of America is nearing a critical test at 2006’s all-time high in the mid-50s. Bank of America Corp. (BAC) sold off in sympathy with JPMorgan Chase and Co. (JPM) in Friday’s session, reacting to the Dow component’s surprisingly wea...
18 Jan 2022 1 minute read 1 comment FX Empire
LRC has reached levels that were last seen back in November 2021. Loopring gained strong downside momentum and moved towards the $1.20 level as traders continued to sell LRC despite recent rumors about a potential deal with GameStop. GameStop-Loopri...
17 Jan 2022 2 minute read 1 comment FX Empire
The number of hacker assaults on the Internet grows with time. Too many cybercriminals are attempting to obtain access to people’s personal information in order to steal their wealth. Hacker attacks are extremely prevalent in the investor-related se...
17 Jan 2022 2 minute read 0 comments FX Empire
LooksRare (LOOKS) continues to make waves. A LOOKS breakout from 4.5 USDT would bring 5 USDT levels back into play. The NFT market has been heating up at the turn of the year, with NFT chatter and trading volumes ballooning. While regulatory and m...
16 Jan 2022 3 minute read 1 comment FX Empire
Stock indexes closed out an impressive 2021 with the S&P 500 ending with a gain of +27% which included 70 new all-time record highs! Keep in mind, the S&P 500 was up +18% in 2020 and up a whopping +67% since the March 2022 lows. Central banks’ gam...
16 Jan 2022 4 minute read 3 comments FX Empire
Ethereum, Polygon and, Decentraland are ERC-20 based tokens to watch out for this year. 2021 was undoubtedly the year the crypto industry matured. It saw the launch of new coins and exchanges as the sector recorded more investors than in previous ye...
16 Jan 2022 3 minute read 3 comments FX Empire
During the second half of 2021, the word “Web3” was trending in the crypto world. What should you expect in the Web3 for 2022? The new era of the internet is here and it is called “Web3”, thanks to the technology that is behind the cryptocurrencies...
