Crypto insights and ideas for the week

Also, GBPCAD with a -35% spread                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [FBS]( [[fbsanalytics] FBS Analytics]( [Log in]( [FBS]( Instrument of the Week Each week, we’re featuring a trading instrument with a reduced spread. This week’s star is... [FBS](#) GBPCAD, with the spreadlowered by 35%! [Take action]( Seize the moment and make the best of the enhanced conditions. [fbs] Top Gainers Last Week • Micron Technology, Inc. (#MU) +18.19% Micron Technology, Inc. shares received a boost following a $15 billion deal with a labor union to construct a new chip plant, potentially increasing its bid for US federal funds. • USDJPY +1.65% The USDJPY pair reacted to the Bank of Japan’s decision to lift its negative key rate on March 19 and the Federal Reserve’s decision to maintain its key rate at 5.50% during its meeting on March 20 [Trade USDJPY]( [fbs] Top Losers Last Week • Li Auto Inc. (#LI) -19.25% Li Auto Inc. shares experienced a significant decline last week following the company’s adjustment of its first-quarter delivery forecast to 76,000-78,000 vehicles. This has heightened concerns regarding the demand for electric cars in China. • NZDUSD -1.63% The New Zealand GDP report marked the possible beginning of a technical recession. Also, the Federal Reserve’s interest rate decision took center stage in the US, influencing global markets and impacting the NZDUSD pair. [Trade NZDUSD]( [FBS]( [android] XAUUSD XAUUSD recently reached a new all-time high before retracing to the 161.8 Fibonacci support area, awaiting further movement. [FBS]( • A bounce from the support at 2153 would potentially drive it upwards towards the 2210 level. • A drop below 2153 would indicate the termination of the short-term bullish trend, potentially leading gold to decline to 2110. [android] EURCHF EURCHF is in a short-term uptrend; the price recently bounced off the trendline. Indicators are also signaling continued growth. [FBS]( • EURCHF could ascend to the resistance level at 0.9790 directly or following a minor correction towards the support at 0.9670 before continuing its upward rally. [android] USDCAD On the H4, USDCAD formed an ascending channel, and the price reached the upper trend line while bouncing off the resistance. [FBS]( • A further drop below 1.3580 may lead to a fall to the lower trendline at 1.3490. FBS tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only. [Enhance your strategy]( [fbs]( Look For More Insights in Our Telegram In our Telegram channel (which is in English), you will find the most up-to-date trading ideas. More importantly, you will connect with a community of like-minded traders. Last week, 16 out of 21 ideas from FBS analysts were accurate! [XAUUSD idea]( could’ve brought 2000 points. [XAUUSD idea]( could’ve brought 1800 points. [Join trading community]( [FBS]( Best Cryptocurrency to Invest in 2024 As we navigate the evolving landscape of cryptocurrencies in 2024, it’s important to seize the opportunities presented by this dynamic market. Whether you’re a newcomer or a seasoned trader, now is the time to dive into research, evaluate potential investments, and capitalize on the transformative potential of blockchain technology. [Read full article]( Do you like our Weekly Digest? [YES]( [NO]( [Help Center](  |  [Log in]( You received this email because you registered at [fbs.com](. If you have any questions, please contact us via email at support@fbs.com [google_play]( [apple_stor]( Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience. [instagram]( [facebook]( [twitter]( [telegram]( [youtube]( [Web Version](  |  [About FBS](  |  [Unsubscribe]( Trusted by traders