Friday, 07 May 2021 11:18 GMT

Market Sentiment Webinar: Bitcoin, Ethereum, Dogecoin and Gold in Focus

(MENAFN - DailyFX) Market sentiment analysis:

  • Trader confidence in Bitcoin , Ethereum and Gold remains largely undented by recent price falls and their longer-term trends higher remain intact.
  • Even Dogecoin is off its highs but sentiment remains very positive towards it.
Advertisement Trader sentiment still positive towards digital currencies

Traders remain positive towards cryptocurrencies like Bitcoin and Ethereum despite their recent price falls, and their upward trends remain intact. Even Dogecoin is off its highs at the time of writing, while Gold is in a similar position to the digital currencies: lower recently but still trending higher as sentiment remains largely undented.

Will Dogeday see Dogecoin explode to $1?, Bitcoin, Ethereum Crushed

Gold Price Chart, Daily Timeframe (January 11 April 20, 2021)

Chart by IG (You can click on it for a larger image)

In this webinar, I looked at the trends in the major currency, cryptocurrency, commodity and stock markets, at the forward-looking data on the economic calendar this week, at the IG Client Sentiment page on the DailyFX website , and at the IG Client Sentiment reports that accompany it.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me on Twitter @MartinSEssex


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Pitch Day & Talks, Startup Event for Founders and Investors