Strategists at JPMorgan Chase & Co have alerted that the approval of a Bitcoin exchange-traded fund (ETF) in the US could have dire consequences on Bitcoin’s (BTC) short-term price action. The proposed reason for the price drop is that an approved ETF could become a major competition for institutional investment for the world’s largest traded […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend but faces rejection at level 23000. The index is falling and may reach the previous low of level 21078. The price action is characterized by small body candlesticks called Doji and Spinning tops. […]
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The EURUSD is still very much n a bullish structure and is now retesting the previous lows at the 1.2140 level which is also the 76.4% pullback of the last leg up. We have also hit important short term bearish targets at the 1.618 whilst printing a big bullish divergence at the lows. Should the […]
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If you bought Halfords stock (HFD) at its March 2020 nadir (51p), then today (280p) you would be sitting on a gain of 449%. The UK auto and cycle product and services group is without a doubt one of the pandemic winners, but investors on the outside looking in might be wondering if there’s more […]
Read moreKey Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi is in an uptrend. From the price action, the Kiwi reached a high of level 0.7315 and reversed. The Fibonacci tool analysis has confirmed the reversal. The Fibonacci tool indicated that the market will reverse at level 1.272 […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Bullish The USD/JPY pair has been in an upward move since June. Today, the pair has risen to level 104.25. The bulls have also pushed the price above the SMAs which suggests a further upward movement of the Yen. The […]
Read moreWall Street saw a red trading session on Monday, as investors cashed out their profits after a bullish start to 2021 and amid worries of the political situation in Washington. The Nasdaq 100 (NDX) shaved off about 1.5% from its value after hitting a new all-time high at 13100 last week. Last week’s rally got […]
Read moreUSDCHF Price Analysis – January 12 The USDCHF pair rebound continues to the upside but pauses temporarily under the 0.8920 level after rallying as high as the 0.8916 level. The major factor hurting risk assets on the day has been the rise in US real and nominal bond yields which continues to dictates pace. Key […]
Read moreADA Price Analysis – January 12 Should the buyers gain enough momentum and the daily candle closes above $0.34 level, ADA/USD may increase to $0.38 – $0.45. In case the sellers defend the $0.34 level, the bears’ pressure may likely reduce the price. However, the next support levels can be found at $0.27, $0.24, and […]
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