Gold (XAU/USD) traded lower through the Asian session on Wednesday and recorded a new two-day low around $1855, although it lacked any bearish follow-through strength. The prevalent upbeat risk appetite in the market is seen as one of the major factors undermining demand for the safe-haven asset, though the lasting US dollar (DXY) weakness helped […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. On November 24, the index rallied to level 22500. The market has been consolidating below the resistance since November 24. The uptrend will resume if the bulls break the current resistance. Daily Chart […]
Read morePfizer may not be able to give more vaccines to the US until next June due to its commitments to other countries, as recently reported in the news. Meanwhile, the UK will be the first country to introduce the Pfizer/BioNTech coronavirus vaccine, which the UK government announced on Sunday. The National Health Service said the […]
Read moreMicroStrategy, an analytics and mobility platform, currently HOLDs a significant amount of Bitcoin (BTC) and plans to keep stacking its holding. The firm recently revealed that it is seeking financing to acquire more large chunks of Bitcoin. According to an official press release on December 7, MicroStrategy was considering taking on a $400 million private […]
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 is in an upward move. The pair rallied to level 0.7100 but faced rejection at the recent high. The Kiwi retraced and found support above level 0.7000. The support at level 0.7000 is likely to hold because of an […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair has been in a downward move since June. Since December 4, the Yen has resumed an upward move. The upward move is facing resistance at the 21-day SMA. A break above the 21-day SMA will accelerate price […]
Read moreKey HighlightsBuyers fail to break the $90 overhead resistance after three unsuccessful attemptsLitecoin is likely to be range-bound between $78 and $88 Litecoin (LTC) Current StatisticsThe current price: $81.32Market Capitalization: $5,329,919,360Trading Volume: $3,960,545,045Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis December 8, 2020After three unsuccessful attempts, buyers fail […]
Read moreUSDCHF Price Analysis – December 8 USDCHF is trading around the level at 0.8892 having traveled between a range of 0.8914 and 0.8887 level on the day so far. The pair has plunged to its lowest level in 5 years at 0.8885 level as US Dollar Index clings to modest gains near 91.00. Key LevelsResistance […]
Read moreS&P 500 Price Analysis – December 8 S&P 500 index declined towards a level at 3676, down 0.30%, during the session. The index extends the prior day’s pullback from the historic high of 3706 levels. S&P 500 is modestly lower and seems to be struggling to pare its losses. The uncertainty over the US stimulus […]
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