Key HighlightsEthereum bears break price range of between $1,640 and $1.760 Ether plunges to $1,500 as bulls buy the dips Ethereum ETH) Current StatisticsThe current price: $1,590.09Market Capitalization: $181,549,767,904Trading Volume: $40,117,939,936Major supply zones: $1,500, $1,600, $1,700Major demand zones: $600, $500, $400 Ethereum (ETH) Price Analysis February 7, 2020 Ether has plunged to $1.486.80 as bulls […]
Read moreKey Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BearishUS Wall Street 30 is in an upward move. The index fell to level 30000 and resumed upward. The price has broken above the SMAs. There is a likelihood of a price rise. Daily Chart Indicators Reading:The […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has continued the downward move. On January 29 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement level indicates that the share is likely to fall to level 1.272 Fibonacci extension and reverse. That is […]
Read moreThe dollar has been in an advantageous position as the strongest of the major currencies. But the disappointing non-farm payroll gave dollar bulls a reality check as the dollar ended mixed after a late sell-off. With a little light on the weekly data calendar, the focus will continue to be on stimulating the US economy, […]
Read moreThe notion that Bitcoin (BTC) is steadily claiming market shares from gold—which has recently been peddled by JPMorgan—appears to have been adopted by Bloomberg strategists. The bank also believes that this investment outflow could have adverse effects on the price action of the yellow metal. In Bloomberg’s February report, the company suggested yet another narrative, […]
Read moreGBPUSD Price Analysis – February 7 The GBPUSD pair has been holding onto its uptrend despite some range trading. The pairs bulls stay unrelenting to the 1.3800 high zones as the Bank of England downplays negative interest rates boosting the pound against the soaring US dollar. Key LevelsResistance Levels: 1.4345, 1.4000, 1.3800Support Levels: 1.3624, 1.3519, […]
Read moreGBPJPY Price Analysis – February 7 The GBPJPY pair kept recovering at the prior session, ending the week with modest gains in the 144.89 price zone. The pair stays overbought near the 145.00 level as the Uk vaccination campaign continues boosting economic recovery. Key LevelsResistance Levels: 156.08, 148.15, 145.00Support Levels: 143.95, 142.71, 140.31GBPJPY Long term […]
Read moreWhen traders are looking for ways to become consistently profitable, they, sadly, tend to consider the wrong factors and looking for solutions in the wrong places. Yes, factors like hit rates, risk-to-reward ratios, risk control, etc. are very important to your career as a trader. Nonetheless, there is an important factor that determines your profitability, […]
Read moreBNBUSD Price Analysis – February 05 When the bulls maintain their momentum there will be an increase in price to $61, if it is broken upside $69 and $74 resistance levels may be tested. In case the resistance level of $61 is defended by the bears, price may drop to $55, $51 and $44. BNB/USD […]
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