XAUUSD Price Analysis – February 25 Gold (XAUUSD) continues to struggle to stay afloat selling pressure within a confined range below the $1800 level through the mid-European session. The XAUUSD pair altered south in the early trading hours of Thursday and dropped to a low of $1787. A modest pickup in the US Treasury bond […]
Read moreAccording to a recent 70-page report by Arcane Research in conjunction with Bitstamp, Bitcoin (BTC) is the future of collateral in the finance industry. The report notes that Bitcoin is very similar to the internet, considering that it is a “blank canvas” on which developers can build creatively upon in any desired way. Originally, Bitcoin […]
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Key Resistance 51500 – 5300 Key Support: 44900 – 44000 Long Term View Bitcoin is a buy asset and has been for a while. Swing trades against it have been horribly wrong in the past for a few big money managers. But we are traders so this doesn´t mean we can´t profit from downside moves […]
Read moreAUDUSD Price Analysis – February 25 The AUDUSD pair trades firm with a positive bias through the early European session on Thursday past the 0.8000 level. AUDUSD buyers stay focused beyond the 0.8000 thresholds confirming a 3 year high. The Aussie pair is boosted by upbeat data from Australia’s Private Capital Expenditure (Capex) data for […]
Read moreKey Resistance: 1.4170 – 1.4220 Key Support: 1.4080 – 1.4037 Long Term View The GU has been in a very strong up move back in March 2020 for an almost +25% move. The latest leg of this bullish move is overextended. 1H Chart Analysis Price in the GU fell yesterday 165 pips from the highs […]
Read moreUniswap Price Analysis – February 25 In case the bears were able to push the price down below the $23 price level, and the daily candle closes below the support level, then, the support level at $19 and $13 may be reached. Failure to break down the support level at $23, the price may continue […]
Read moreIt looks like selling attention will be on the yen as markets continue towards the end of Wednesday’s session. Japanese Prime Minister Yoshihide Suga said Wednesday that they will announce on Friday whether they decide to lift the state of emergency due to the coronavirus outbreak. The dollar and euro are also weak, but both […]
Read moreThe Reserve Bank of India’s (RBI) distaste for the cryptocurrency industry continues to grow as the apex bank recently expressed its worry about the potential impact of cryptocurrencies on the country’s economy. At the same time, members of the bank have confirmed that the RBI is planning on releasing a digital rupee. The bank has […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is making an upward move. The bulls have attempted to break the resistance at level 6800. Each time the UKX retests the recent high, the price will fall. Since January, the market has been in a range-bound move below […]
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