Global stocks have dropped markedly last week, in part as the spread of the coronavirus has reached new all-time highs. Equally important, American investors have eased their positions in preparation for the presidential election. The yen and dollar rose sharply and ended up being the strongest. The euro has been the worst performer since a […]
Read moreGBPUSD Price Analysis – November 1 The GBPUSD pair posted a modest intraday advance in the prior session but selling bias holds lower under the 1.3000 level. Prime Minister Boris Johnson announced a UK nationwide lockdown on Saturday, also extending coronavirus wage subsidies. GBPUSD may trend lower at the weekly opening and lose the 1.2881 […]
Read moreDistributed ledger technology (DLT) is a digital structure used for documenting/recording transactions of assets across multiple locations simultaneously. DLT, unlike traditional databases, is decentralized and has no governing body or central storage unit. Instead, transactions are authorized and stored by nodes spread across the globe, after which a consensus on every item is verified. DLT […]
Read moreKey HighlightsEther consolidates between levels 375 and $394The upward move likely Ethereum (ETH) Current StatisticsThe current price: $389.05Market Capitalization: $44,059,391,006Trading Volume: $8,913,925,698Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis November 1, 2020Ethereum has continued its upward move after recovering above $380 support. On October 30, the biggest altcoin […]
Read moreKey Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BearishThe index has been in a downward move. The price has fallen and reached level 26400. There are signs of bullish signals as the downward move reach bearish exhaustion. Daily Chart Indicators Reading:The 21-day and the 50-day […]
Read moreGBPJPY Price Analysis – November 1 The GBPJPY price managed to swing higher at month-end lows and was last seen trading with modest gains, just to mid 135.00 psychological marks. Tomorrow is the 1st trading day in November, and the pound has been struggling over the last few days into the month-end. The rapid pace […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 is in a downtrend and has reached bearish exhaustion. On October 22 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This implies that (UKX) is likely to reach level 1.272 and reverse. However, the reversal will […]
Read moreKey Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD has been in a downward move since October 28. The pair has fallen to level 0.66105 and it is approaching bearish exhaustion. The market is experiencing buying pressure at level 0.6600 support zone. Daily Chart Indicators Reading:The Kiwi has […]
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