Stellar Lumens (XLM) has more than doubled in value over the past week and on a 1-day view it is up 77%. The breakout follows news that the Ukrainian government has partnered with the Stellar Development Foundation to build a central bank digital currency (CBDC) for the country. Currently priced at $0.34, the token is […]
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Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final […]
Read moreGBPJPY Price Analysis – January 6 The GBPJPY pair edged higher through the first half of the European session and refreshed daily highs, around the 140.49 regions in the last hour. The underlying bullish tone undermined the safe-haven JPY and remained supportive as the focus shifts to Pound Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
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Gold has rallied to a massive level which was where seller jumped in and Gold dipped 6% and 10% respectively after (Sept 15 & Nov 09 2020). Technically speaking this level confluences with the retest of the current structure, major short term bullish target and massive bearish divergence. This short idea is risky and should […]
Read moreEURCAD Price Analysis – January 6 The EURCAD pair sustained its bid tone through the early part of the European session and was last seen hovering beyond the barrier at 1.5609 ends of its recent range. The Euro remained well supported and seemed rather unaffected by the dismal Eurozone data. Key LevelsResistance Levels: 1.6200, 1.5991, […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. The upward move is facing resistance at level 22500. On November 24 uptrend, a retraced candle body tested the 88.6% Fibonacci retracement. This retracement indicates that the index is likely to rise and […]
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 has resumed an upward move. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and reverse. That is reversal will be at level […]
Read moreStrategists at one of America’s biggest banks, JPMorgan Chase & Co, are comparing Bitcoin (BTC) to the traditional store of value assets, like gold. The analysts, led by Nikolaos Panigirtzoglou, are asserting that the benchmark cryptocurrency—which is currently at $33k—could rise by about 4.4 times in the long-term to hold a price of $146,000. According […]
Read moreADA Price Analysis – January 05 Should the bulls further increase their momentum and push the price to the resistance level of $0.27, then, $0.34and $0.38 may be tested. In case the price is rejected at the $0.27 level, the price may reverse. The support level can be found at $0.24, $0.21, and $0.19 levels. […]
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