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Bitcoin Cash (BCH) Reaches the Overbought Region, Can the Rally Continue?

Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has made a tremendous move to a higher price level. The bullish move is very significant because it took six days to break the lower and upper price range of $200 and $240. In retrospect, BCH …

1 day

US Congress Initiates New Bill on Crypto Taxing

A new bill that will exonerate personal crypto transactions from capital gains taxation has been revived in the US Congress. How the Bill Works The bill, which is dubbed “The Virtual Currency Tax Fairness Act of 2020,” will provide immunity for digital currency-related expenses that are recognized as personal transactions. This means that cryptocurrency users …

1 day

EURJPY Loses Upside Momentum and Recedes From Approaching the 123.00 Mark

EURJPY Price Analysis – January 17 Increased selling surrounding the European currency is driving the currency to give part of its weekly gains and plunge back to the level of 122.40. Strengthening sentiment against the US dollar on Friday puts additional pressure on other pairs, and all this follows the anticipated results of recent US …

1 day

Gold Restores Positive Dynamics Due to Steady Movement to the Level of $ 1560

XAUUSD Price Analysis – January 17 Gold rose in the middle of the European session to the American session on Friday and is presently trading near the upper limit of its weekly trading range, about $ 1560 level. A sustainable movement to the level of $ 1560 was seen as a key factor for buyers …

1 day

Bitcoin Price Analysis – Bitcoin Makes Wedge Pattern To $9000 But Correction is Underways

• Bitcoin hits $9000 after a long-term breakout. • BTC remains bullish but sellers lurk around. • A break below $8500 may set the market on correction mode. Again, Bitcoin’s price has increased by roughly 5% to hit $9000 after breaking from the strong bearish zone of $8400 this week. This surge has made BTC …

1 day

Reasons why BlackRock Might Be on the Verge of Driving Tesla Stocks to the Moon

Amid climate change and harsh weather patterns, BlackRock intends to divert its attention from fossil fuel to eco-friendly alternatives. Following the news of BlackRock going green, Tesla stocks have been showing positive signs in the market, gaining a new bull run on Wall Street. This comes after a series of record-setting landmarks for the past …

1 day

Ripple (XRP) Rallies above Resistances, but Sellers Are Unrelenting

Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish Surprisingly, the bulls made an impressive move as it reaches the high of $0.24. The selling pressure was overwhelming as the bears push the price to a low of $0.22. Meanwhile, if the selling pressure continues, the coin will …

2 days

Bitcoin (BTC) Consolidates, Attempts to Resume Uptrend

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish For the past three days, the bulls have been compelled to a stand still below the $9,000 resistance. Bitcoin is in a sideways move below the resistance for a few days since the upward move has been …

2 days

AUDUSD Hit Back Beneath Moving Average 5 as Selling Pressure Sets In

AUDUSD Price Analysis – January 16 AUDUSD has dropped back from the corrective highs of the level at 0.6933 while losing the 0.69 handles today, registering a low on the level at 0.6887 in recent trade, piercing the moving average 5. Key Levels Resistance Levels: 0.7085, 0.7031, 0.6933 Support Levels: 0.6850, 0.6754, 0.6670 AUDUSD Long …

2 days
Learn to Trade Forex Strategies and News

The Ultimate Guide to Forex Brokers

Undoubtedly, a broker plays a pivotal role in the Forex market. But as a beginner, do you understand what role the brokers play? Read our Forex brokers' guide here to know the primary roles of a Forex broker.

Best Forex Trading Platforms

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Keep a Trading Journal

A trading journal is merely a log of all your trading activity. Typically, a journal provides a tool for any severe traders in need to evaluate themselves objectively. But of what significance is keeping a separate journal? Let us tell you all that you need to know here.

Reading the Interest Rates

Interest rate changes influence the forex market significantly. The changes can usually be made by one of the eight global central banks. The changes make immediate impacts on the market traders, and hence, understanding how to react as well as predict these moves will be among the first steps to making higher profits.

What is Bitcoin and how do I trade BTC as well as other digital assets?

One thing for sure is that it’s pretty challenging to understand bitcoin at first hearing it. The reason being, it’s neither an investment vehicle nor a standard fiat currency. However, that hasn’t stopped the giant crypto from taking the world by storm, attracting investment worth billions of dollars.

What are the top 10 cryptocurrencies around the world?

Though the crypto market suffered heavily after its heroics in late 2017 and early 2018. But once again it seems to recover back sharply. The crypto market is still new, so it will take a bit of time to settle down. But in the meanwhile, investors have a great opportunity to make money by investing in some quality assets. These top 10 cryptocurrencies are worth taking a look.

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