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  WEEKLY SNAPSHOT     Trade Balance (Jan), U.K.     WHEN:                                                                  WHAT IT HAD INFLUENCED: 20 MARCH 2023                                                         GBP and its subsequent pairs WHAT HAPPENED:  The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported (a trade surplus). A negative number indicates that fewer goods and services were exported than imported (a trade deficit) EURGBP is currently in a downward channel. The fur...

  TECHNICAL ANALYSIS: AMAZON STOCK BREAKS OUT OF PATTERN AND PRINTS A BULLISH CANDLESTICK . On Wednesday, Amazon emerged bullishly from a falling channel pattern. Amazon’s session on Wednesday ended close to the day’s peak, so Thursday’s pricing could be higher. After posting a bullish day on Wednesday, when the stock rose 1.39%, Amazon.com Inc.’s shares was trading flat in the premarket on Thursday. Amazon was in a falling channel pattern where the stock was making lower lows and lower highs between two parallel trendlines. The surge higher helped Amazon to break out of this pattern. The pattern is negative in the near term but has the potential to turn bullish later. For bearish traders, the “trend is your friend” (until it’s not) and the stock is likely to continue downwards. Aggressive traders may decide to short the stock at the upper trendline and exit the trade at the lower trendline. Bullish traders will want to watch for a breakup from the upper descending trendline, on hi...

  Apple Inc supplier Foxconn on Wednesday said it plans to ramp up investment outside of China and sweats to attract automakers to its contract manufacturing business, as the company reported weaker demand for consumer electronics. Foxconn, which assembles around 70 iPhones, has been diversifying products down from China, whose strict COVID restrictions disintegrated its biggest iPhone factory last time. The company also seeks to avoid an implicit megahit to its business from mounting trade pressures between Beijing and Washington.“ It’s client demand that guides our considerations on how to emplace our production capacity in the ICT field, ” Foxconn Chairman Liu Young- way said on an earnings call,  pertaining to information and dispatch technology.  He said the expansion was demanded in countries similar to the U.S., Vietnam, India, Mexico, and China, “in response to client and force chain adaptations ”. Foxconn didn’t say how important its investment would increase by ...

  DOGECOIN PRICE ANALYSIS: DOGE IS BULLISH CATALYZED BY ELON MUSK’S TWITTER PLANS . Dogecoin (DOGE), the largest meme coin in the cryptocurrency space, has recorded over 30 earnings over the last month, witnessing a huge shaft in Goliath deals to hit the loftiest volume of the time alongside address exertion.   Recent developments have served as a catalyst, fueling a bullish narrative for DOGE holders. At the time of jotting, the meme-inspired commemorative was trading at$0.09, up9.2 in a week but around1.2 lower than its price on the last day.   Especially, the meme coin’s price has been susceptible to Elon Musk’s conduct and statements, including an October price soar after Musk completed his Twitter deal.  numerous in the crypto space are enraptured following the news of Twitter CEO Elon Musk advancing with the payment rollouts on the giant social media platform. especially, the tech billionaire wants the “ first and foremost ” payment system to be in ed...

  AUD/ USD SLIDES TO 0.6650 AS REQUESTS SHEAR SVB-LED MOVES AHEAD OF US AFFECTATION . AUD/ USD drops to0.6650, down0.25 on a day, as dealers place themselves for the US affectation data during early Tuesday. The quotation’s rearmost weakness could also be linked to the request’s fears girding China and Russia, as well as pessimistic data from Australia.  That said, the Aussie brace rose the most ago early February on the former day amid broad-grounded US Dollar weakness. National Australia Bank’s (NAB) sentiment indicators for February marked pessimistic numbers and allowed the AUD/ USD bulls to take a breath.  It should be noted that the NAB Business Conditions dropped to 17 from 18, versus 21 request vaticinations, whereas the NAB Business Confidence nosedived to-4.0 compared to0.0 the judges ’estimates and6.0 previous. Away, US Treasury bond yields publish mild earnings after falling heavily the former day. On the same line is the rearmost minor downside by the S&P...

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  Ethereum price   is down over 8 and trading below$,450 against the US Bone. ETH remains at threat of a larger decline towards$,350 in the near term.   Ethereum started a major decline from the$,565 resistance zone.  The price is trading below$,500, and the 100 hourly simples moving normally.  There’s a short-term constricting triangle forming with resistance near$,425 on the hourly map of ETH/ USD (data feed via Kraken).  The brace could correct advance if there’s a move above the$,450 resistance zone.  Ethereum Price Dives Over 8 Ethereum price failed to clear the$,560 and$,565 resistance situations. ETH formed a high near$,565 and started a major decline, analogous to bitcoin.   There was a sharp move below the$,500 support zone. ETHEREUM PRICE FACES RESISTANCE READ FULL ARTICLE HERE 

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  ONLY 15% OF LITECOIN HOLDERS ARE MAKING PROFITS LET’S DISCUSS WHY . Litecoin price is up by 3.07% at #55.00, the 24-hour price change is 7.89% Litecoin is the best altcoin to buy in 2022, as of this writing Litecoin is trading at $55.00 up by 3.07% nearly in the past seven days. According to market capitalization, Litecoin has been the third-largest cryptocurrency for a long time. LTC 5-day straight rally registered a growth of 21.4%, Litecoin touches the $60 zone after that a fresh decline started against the US dollar, and LTC price is now between $55 to $60 simple moving average $54.80 and $55.00 levels are the resistance level for Litecoin and the downtrend is formed with resistance near $55 on the 4-hour chart frame of LTC/USD. On 2 nd  September official Litecoin Twitter account posted that according to this post average, Litecoin transaction price is less than one penny this post also benefited LTC/USD because the popularity of Litecoin has increased for transaction p...