Analyst Predicts That a Journey to the Lower-$11,000 By Bitcoin is Imminent

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Bitcoin (BTC) continued on its ‘rocky’ momentum through the Monday session. However, despite the shaky trajectory, Bitcoin bulls have been able to defend their stance against any major downside move. Towards the end of last week, the cryptocurrency gained some positive momentum, which sent it to the $11,600 level but was immediately met with a […]

Bitcoin SV Price May Commence Ranging Movement in Case $198 and $185 Level Hold

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Bitcoin SV Price Analysis – August 31 The coin may commence ranging movement in case the resistance level at $198 and support level at $185 hold. Major resistance level above $198 level can be found at $217 and $237 price level. At the lower side of the market, major support levels can be found at […]

Gold Price Analysis — August 31

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Gold (XAU/USD) has climbed higher on Monday despite the insufficient volatility in the market as a result of the U.K. bank holiday. Some bearish comments came from the Fed today after Bostic said that economic recovery is happening but at a slow pace. Also, Fed’s Clarida shed more light on the Fed’s stance noting that […]

Germany 30 (DE30EUR) Resumes Downward Move after Facing Strong Rejection from Level 13200

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Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12400 and 13200. All price movements get terminated at level 13200. The index has been fluctuating since June. The index is falling and making a downward move. Daily Chart Indicators Reading:Presently, the SMAs […]

EUR/CHF Is Range-Bound, Faces Rejection at Level 1.0780

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Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is still fluctuating between levels 1.0740 and 1.0840. The price is rising at the lower levels of the market but it is facing initial resistance at the recent high. The current upward move is facing resistance at level 1.0780. […]

USD/JPY Drops to Level 105.23 and Resumes Upward Move

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Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair is currently in a sideways move. Since July the Yen has been trading between levels 105.00 and 107.00. Presently, the pair is rising to level 107. In the last two months, the key levels of the market […]

Key Ascending Trendline to Keep Gold Up in the Near-Term

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Gold (XAU/USD) etched lower through the early European session on Monday and has recorded a new daily low at $1954. The yellow metal couldn’t hold on to its bullish momentum from Friday, which shot it to its previous high around the $1977 supply region. However, the upbeat risk appetite in the equities market was the […]

EURUSD Extends Positive Traction Past Level at 1.1900 Ahead of Data

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EURUSD Price Analysis – August 31 EURUSD continues to keep traction past the 1.19 mark, recapturing the upside bias to the 1.1883/80 band or daily lows after an early lower move. The pair holds gains of more than 1.19 marks to last weeks, notching fresh multi-day highs at the same time and relaunching the positive […]

Silver Price: XAGUSD Path of Least Resistance Stays to the Downside

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XAGUSD Price Analysis – August 31 Having initially surged to the highest since August 18, Silver prices recede to $27.87 level during Monday’s early European session. Even so, the white metal flashes 1.30% gains while rising for the second day in a row. However, Silver’s downside appears more compelling in the absence of long term […]

Bitcoin Cash (BCH) Price Analysis: BCH Resumes Uptrend, Struggles to Jump Over $280 Hurdle

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Key HighlightsBCH rebounds above the $260 low but faces rejection at $280 highThe coin will reach a target price of $366 if the $366 resistance is breachedBitcoin Cash (BCH) Current StatisticsThe current price: $278.20Market Capitalization: $5,147,952,181Trading Volume: $1,140,152,311Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis August 31, […]