- USDInd bulls bags over 350 index points
- Bitcoin secures 2 out of 4 profit levels
- Silver eyes 4th and final M15 profit target
Check out these potential profits that you may have missed from our Daily Market Analysis.
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USDInd bullish breakout
After struggling for direction in recent days, the USDInd has soared to its highest level in three-months.
- TP hit: YES, prices blasted through 104.679 - the 161.8 golden Fibonacci ratio.
- Why: Sticky US inflation data prompted investors to cut back bets on Fed rate cuts.
- Technicals: Decisive breakout above 104.31 level and D1 channel resistance.
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Bitcoin hits fresh 2024 high
Bitcoin has seen spectacular bullish action over the past two weeks, especially after the cryptocurrency surged to a fresh 2024 high!
- TP hit: YES, 2 out of the 4 profit targets have been hit so far.
- Why: Positive sentiment towards cryptocurrency amid growing success of bitcoin ETFs.
- Technicals: H4 Momentum, MACD and 50 LWMA point to further upside.
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Silver nears 4th profit level
Silver prices kicked off Thursday morning on a positive note with prices breaking through the bullish prices targets on the M15 timeframe.
- TP hit: YES, 3 out of the 4 profit targets have been hit his morning.
- Why: The precious metal seems to be drawing strength from a weaker dollar
- Technicals: Prices bullish on M15 timeframe. Momentum and MACD signal further upside.
