Key HighlightsEther resumes selling pressure, may fall below $300Ethereum loses $350 critical support Ethereum (ETH) Current StatisticsThe current price: $337.62Market Capitalization: $38,117,794,920Trading Volume: $13,669,638,657Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 7, 2020Ether has resumed a downward move after the bulls fail to sustain price above the […]
Read moreAnyone new to trading Stocks, Metals, Forex, or Cryptos will quickly stumble upon a flurry of mentions of bulls and bears and their grammatical derivatives. Trading commentators might suddenly proclaim a market is bullish or be warned, momentum has turned bearish. There’s even tell of investors with bullish or bearish sentiments. But what exactly does […]
Read moreFed Chairman Jerome Powell said in his speech that economic growth “is still far from over.” “At this early stage, I would say that the risks of political interference are still narrow,” he added. “Too low support will lead to a weak recovery, creating unnecessary hardship for households and businesses.” Powell also noted: “The risk […]
Read moreA senior commodity strategist at Bloomberg, Mike McGlone believes that the world’s largest cryptocurrency, Bitcoin (BTC), could have a $100,000 price tag by 2025. The cryptocurrency has shown a strong predisposition in adding more zeros to its price since 2011. In the October edition of the Bloomberg Crypto Outlook, Mr. McGlone, an adept Bloomberg Intelligence […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is in a sideways move between levels 19000 and 21000. The index has been fluctuating since June. The price is now consolidating in the middle of the price range. The range-bound levels are yet to be broken. […]
Read moreKey Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD resumes upward move but faces resistance at level 0.6800. A green candle body tested the 61.8% Fibonacci retracement. It indicates that Kiwi will fall and reach a low of 1.618 Fibonacci extension level. That is the low of a […]
Read moreUSDCHF Price Analysis – October 6 The selling pressure surrounding the greenback at the start of the week seems to be causing USDCHF to stay under selling pressure. USDCHF downside momentum attacks 0.9133 level during the American session on Tuesday. In doing so, the pair alternates near retracement of late-September as US Dollar Index (DXY) […]
Read moreKey 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. On September 21, the Yen fell to level 104 and resumed […]
Read moreS&P 500 Price Analysis – October 6 During Tuesday’s American session, S&P 500 alternates around 3400 marks, down 0.07 percent intraday. In doing so, the risk barometer separates paths from the upbeat output of Monday that analyzed the highs of mid-September. The speech of Fed Chair Powell, Trump’s update to COVID-19 to decide subsequently. Key […]
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