In July 2018, India’s apex bank, The Reserve Bank of India (RBI) placed a blanket rule against businesses dealing in cryptocurrency. The apex bank had cited concerns of the banking sector being in impending danger if the activities of companies transacting in cryptos were allowed to continue. It was also worried about the spate of […]
Read moreKey Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin is in an uptrend and has successfully taken the first step to breach the $8,800 resistance. The bulls are now battling to break $9,200 resistance. The market will attain a high of $9,600 if the bulls […]
Read moreEURJPY Price Analysis – March 6 EURJPY prolongs the downward movement for the second session in a row on Friday, escalating after breaking beneath the key level of 118.87. In general, the exchange rate may continue to decline during the next trading session. Against this background, the cross faces the next price level of relevance […]
Read moreXAUUSD Price Analysis – March 6 Gold has taken another step forward, and buyers are now firmly sitting behind the wheel, while the price remains on the path of expansion above the level of $ 1,690. An intensive flight to a safe place on Friday continues to increase demand for traditional safe-havens such as US […]
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• Bitcoin finally overcomes $9000 after seeing a 2.1% increase overnight • The next swing high may reach $9500 if buyers continue to show commitment This week, Bitcoin has displayed a nice recovery; especially above the critical $9000 resistance that suppressed buying pressure for days. Yesterday, the bulls finally reclaimed this resistance. After that, a […]
Read moreKey Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish Australia 200 is currently in the downtrend after a sharp fall. The sharp fall was caused by the bulls while trying to break the resistance at 7200. In the process of breaking the resistance, a bearish double […]
Read moreKey Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash bounces at the current support of $320 as the market reaches a high of $339. The current support of $320 is holding because the selling pressure has been exhausted. BCH has earlier fallen into the oversold […]
Read moreThe Financial Conduct Authority (FCA), the British version of the SEC, publicly stated that BitMEX was not regulated and warned everyone to stay away. According to the FCA, BitMEX illegally offers its services to residents of the UK, without making efforts to obtain the necessary permits to work in the state. In this regard, traders […]
Read moreAUDUSD Price Analysis – March 5 At the time of the writing, AUDUSD flashes red as it seemed to struggle to gain any significant traction, although it was able to hold its neck comfortably above the 0.6550 marks. A fresh wave of global risk-aversion trade weighed on the perceived riskier currency Aussie and contributed to […]
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