The Nasdaq 100 (NDX) continued on its bullish trajectory from last week on Tuesday, as investors’ focus remains fixated on the approval of a much-needed stimulus package soon. A recent joint statement released by House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer indicates that the Democrats are ready to lower their stimulus package […]
Read moreKey HighlightsThe altcoin is consolidating between $280 and $300Bitcoin Cash will reach a low of $258 if the selling pressure persists Bitcoin Cash (BCH) Current StatisticsThe current price: $281.57 Market Capitalization: $5,191,316,193Trading Volume: $1,354,663,829Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis December 8, 2020Bitcoin Cash is in a […]
Read moreKey Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is in a sideways move but faces resistance at level 13200. On November 10, a retraced candle body tested the 88.6% Fibonacci retracement. This indicates that the index will rise to level 1.1129 and perhaps reversed. However, […]
Read moreKey Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0822 and it is facing resistance at the recent high. The price is falling and has reached the low of 1.0790. The selling pressure is likely to continue as it has broken the SMAs. […]
Read moreThe Chief Executive Officer of Standard Chartered, Bill Winters, has affirmed his belief that widespread adoption of Bitcoin (BTC) and other digital assets (existing and yet to be made) are an “absolute inevitability.” According to a recent news report, the CEO asserted that there’s a “whole new world opening.” He added that the creation and […]
Read moreKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe pound is falling and in a downward move. Today, the price rallied to 0.9150 and declined sharply. There is the appearance of a long wick on on the candlestick. This long wick indicates there is strong selling pressure at […]
Read moreThe British pound is selling heavily today as the risk of the UK leaving the EU without a deal grows and there will be no significant breakthrough in the never-ending negotiations. While some progress has been made since the last round of talks between Britain’s chief Brexit negotiator David Frost and his European counterpart Michel […]
Read moreThe AUD/NZD traded on a slightly bearish tone in the early European session on Monday, as it retreated from last week’s bull run. Earlier today, China published its Trade Balance for November, which beat market expectations of $53.5 billion and came in at $75.4 billion. Also, the country reported that its Exports rose by 21% […]
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The USD rallied 0.60% in early in late Asian – early European trade before failing to follow through higher and dropped immediately after retesting Wednesday’s open and Thursday’s highs. Fundamentally speaking we are sill very much bearish here and the next ley level is the 90.375 which is the February – March 2018 key resistance […]
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