US Dollar Index (DXY) Analysis Thursday, April 15

US Dollar Index (DXY) Analysis Thursday, April 15

The downward trend of the US dollar index has intensified with the breaking of the 200-day moving average indicator.
If the price penetrates below the level of the 50-day moving average indicator at 91.60 points, we will see the continuation of the downtrend. Next, the price target in mid-March, which is 91.30 points, will be the next target for sellers.
In general, as long as the index is below the indicator of the 200-day moving average at 92.23, the overall trend is downtrend.

Technical levels
Last level of the day: 91.56
Daily fluctuations: 17 pips
Daytime fluctuations (٪): -0.10
Start: 91.65

Trends
20-day moving average: 92.43
50-day moving average: 91.57
100-day moving average: 91.03
200-day moving average: 92.26

Levels
Yesterday's highest level: 91.85
Yesterday's lowest level: 91.58

Last week's highest level: 93.11
Last week's lowest level: 92

Last month's highest level: 93.44
Last month's lowest level: 90.63

Fibonacci 38.2. Daily: 91.68
Fibonacci 61.8. Daily: 91.74

Pivot S1 Daily: 91.53
Pivot S2 Daily: 91.42
Pivot S3 Daily: 91.26
Pivot R1 Daily: 91.81
Pivot R2 Daily: 91.97
Pivot R3 Daily: 92.08

Polygon and Aave partner to launch $ 40 million cash extraction

Polygon and Aave partner to launch $ 40 million cash extraction

Polygon has partnered with Aave to launch a liquidity extraction program for the scalability and growth of the Defy world in Atrium. The program will use 1% of MATIC network resources worth about $ 40 million.

It should be noted that Aave is an emerging Defy platform valued at more than $ 6 billion. Polygon, on the other hand, is a leader in providing Difai solutions that has worked with many of Difai's leading projects. For example, Polygon has worked on projects such as Polymarket, Sushiswap and InstaDapp.

In fact, Polygon intends to help address some of the weaknesses that currently limit the efficiency of transactions in the Atrium network. In particular, Atrium is grappling with scalability constraints that have led to high density and high cost of smart contract management platforms.

Astani Kolchov, founder and CEO of Aave, commented on the partnership:

"If the defense is great, but limited to five-digit and higher securities, it will neglect its mission of financing everyone. "Polygon makes this possible and makes Defy available to a wider audience around the world."

However, the challenges facing the Atrium network act as a reflection of the platform's popularity. To date, Atrium supports at least 200 decentralized applications, 15 million transactions and more than 300,000 wallet addresses.

Therefore, the collaboration of Polygon and Aave is crucial to help increase the scalability of the atrium and make the diff available to all. However, to achieve this goal, both have committed to a two-phase strategy.

In fact, the 1% supply of MATIC will be split evenly between the two phases. The first stage will run from today, April 14 (April 25) to June 14, 2021 (June 24) at 12:00 local time. Subsequently, the second phase will take place from June 14 (June 24) to April 13, 2022 (April 24, 1401), both at 12:00 local time. It should be noted that each phase will include about $ 18 million in bonuses.

It will also be supported by Polygon Decentralized Exchanges, including Quickswap and ComethSwap. These two decentralized exchanges dedicate part of their tokens to setting up farms for Aave Receipt Tokens. Comes Swap is also working on extracting triple liquidity to create an extra layer of space for Polygon users.

Economic calendar Thursday, April 15

Economic calendar  Thursday, April 15

Chiliz Analysis (CHZ) Wednesday, April 14

Chiliz Analysis (CHZ) Wednesday, April 14

The price of Chiliz is currently trading above the $ 0.5 price level inside a continuous bull pattern known as the bull bullion (bullish). Such technical formation caused a jump in the market value of Chiliz and the creation of a flagpole pattern.
This process continued slowly, leading to the creation of a sloping, downward canal.

The decisive closing of the price above the upper border of the flag with the price of $ 0.523 announced the beginning of a 94% bullish (bullish) rally. By adding the height of the flagpole to the breaking point of the upper boundary, the $ 1.01 target is reached.

If traders can not restrain the Chilean uptrend, the currency could rise to the Fibonacci level of 127.2% at $ 1.61.

According to the IOMAP chart, it will not be easy to continue the uptrend because cows have a difficult path ahead of the currency traders.

Over 12,400 addresses bought 946 million Chiliz for $ 0.49 to $ 0.53. Everyone wants to sell. So any new trade in the short term may hit the opposite target because some investors want to lower prices.
Therefore, reversal by any of these price levels in this range may reduce the chill to support areas.

If sellers bring the price of Chiliz below $ 0.39, the downtrend will be key, as it indicates a move below the flag pattern.

If this scenario continues, Chiliz could initially drop 13% to $ 0.345, the first support level. Otherwise, the cryptocurrency will move to the level of 61.8% Fibonacci at $ 0.24.

Economic calendar Wednesday, April 14

Economic calendar  Wednesday, April 14

Trading offers of Trading Central site Forex market - Tuesday, April 13

Trading offers of Trading Central site  Forex market - Tuesday, April 13

 Euro / US dollar

Offer: sell below point 1.2020 with first profit tick 1.1870 and second profit tick 1.1860
Alternative offer: (If the price trend changes) When the price penetrates above 1.2020, the price first starts moving towards 1.1940 and 1.1960.

 

British Pound / US Dollar

Offer: Sales below 1.3765 with a first profit tick of 1,3705 and a second profit tick of 1,3685
Alternative offer: (In case of price trend change) When the price penetrates above 1.3765, the price first starts moving towards 1.3780 and 1.3800.

US Dollar / Japanese Yen

Offer: Trading below 109.55 with a first profit tick of 109.00 and a second profit tick of 108.75
Alternative offer: (If the price trend changes) When the price penetrates above 109.55, the price first starts moving towards 109.75 and 109.95.

US Dollar / Swiss Franc

Offer: Buy point above 0.9215 with the first check tick of 0.9270 and the second check tick of 0.9290
Alternative offer: (If the price trend changes) When the price penetrates below 0.9215, the price first starts moving towards 0.9200 and 0.9185.

Australian dollar / US dollar

Offer: sell below 0.7635 with a first profit tick of 0.7590 and a second profit tick of 0.7570
Alternative offer: (In case of price trend change) When the price penetrates above 0.7635, the price first starts moving towards 0.7660 and 0.7680.

US Dollar / Canadian Dollar

Offer: Buy a deal above the point of 1. 2565 with the first profit tick of 1.2635 and the second profit tick of 1.2650
Alternative offer: (In case of price trend change) When the price penetrates below 1.2565, the price first starts moving towards 1.2535 and 1.2520.

Cardano Analysis (ADA) Tuesday, April 13

Cardano Analysis (ADA) Tuesday, April 13

The price of Cardano digital currency has increased by about 10% in the last 48 hours. Due to the 12-hour time frame, an important level of resistance has prevented price growth. In the last month, the price has hit this level several times but has not been able to cross it.
Looking at the 12-hour timeframe, we notice the formation of an ascending triangle pattern. This pattern consists of an uptrend line and a horizontal trend line.

The resistance level of this pattern is in the range of $ 1.35. The price is currently fluctuating in the range of $ 1,317 and is only 2.% away from this level. If Cardano can cross this resistance level, then one can expect a price increase of up to $ 1.647.
However, a significant resistance has formed at $ 1.47 and the price has hit it twice in the last month.

If the resistance does not break $ 1.35, the price will fall to the uptrend line at $ 1.24. Next, if the price penetrates below the level of this pattern, we will see a 22% drop to $ 0.96. In this way, $ 1.15 and $ 1.04 levels will play a supporting role.

Economic calendar Tuesday, April 13

Economic calendar  Tuesday, April 13

The three main drivers of the financial markets in the coming week

The three main drivers of the financial markets in the coming week

Forex market analysis

Global financial market traders and investors are facing a busy week. Macroeconomic data along with corporate financial statements will be the main driver of the market. In the meantime, three main and key questions have occupied the minds of market participants.

Will the rapid growth of inflation become a big problem?

Inflationary pressures have long worried investors. Rising demand, coronary disruptions in supply and rising production costs could significantly increase inflation in 2021. Last week, the US Producer Price Index (PPI) rose faster than market forecasts. Many analysts believe that the rapid growth of inflation is not the only problem of the US economy and the whole world will be affected by the rapid growth of inflation.
But it is not yet clear whether inflationary pressures will be temporary, according to the Federal Reserve. Now everyone is worried that inflationary pressures in the manufacturing sector will soon spread to the consumer sector. US Consumer Price Index (CPI) data will be released this week. The rapid rise in inflation can lead to an increase in the yield on treasury bonds and the fall of risky assets such as stocks.

How confident are American consumers of the economic situation?

As the US economy returns to its full potential and coronary restrictions are lifted, it remains to be seen to what extent American consumers are satisfied with the status quo and confident in their financial future. In the Corona crisis, the US government spent a variety of financial packages to support the consumer sector, and recent US employment growth has been remarkable. Because of this, American consumers may be more inclined to spend. The US retail index is expected to jump sharply. Growing consumer spending could be good news for stock markets. But if the retail index does not grow despite rising inflation, the worst-case scenario for the US stock market will be realized. In this scenario, the US economy will face a stagflation.

Will the profitability of banks increase?

The financial statements of the stock companies will be published this week and the main focus of the market will be on the banking industry. Major US banking and investment corporate reports are released on Wednesday, and if these reports are promising, we can expect strong risk aversion in the stock market.

Economic calendar Monday, April 12

Economic calendar  Monday, April 12