Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold price has resumed upward move after breaking the resistance at $1,780. The market pullback to retest the $1,780 support and then resumed upward. This signals the resumption of an upward move. Meanwhile, on April 22 uptrend, a retraced candle […]
Read moreThe Bank of England voted unanimously today to keep the Bank rate at 0.1 percent, which is a record low. The central bank, on the other hand, voted 8-1 to keep the asset purchase program at 895 billion pounds, with 875 billion pounds in government bonds. Asset purchases will be slowed so that the project […]
Read moreAccording to a recent report by CryptoQuant, Bitcoin (BTC) investors have withdrawn a significant amount of their holdings out of cryptocurrency exchanges, indicating that noticeable HODLing activities are going on. The on-chain data provider asserted that there is a massive price leg up in the works, as sell pressure has dropped. As is typical with […]
Read moreAUDUSD Price Analysis – May 6 In the European session on Thursday, the AUDUSD pair gathered momentum and recovered from its lows at 0.7700 and climbed to the top end of its initial trading range, past the mid-0.7700s. A modest US dollar weakness and a generally positive tone around the equity markets sponsored the intraday […]
Read moreVietnam has begun to show interest in the cryptocurrency industry, as the government recently announced the commissioning of a research group for the very purpose. According to the announcement, the inquisition into the crypto space comes as the cryptocurrency industry continues to gain global recognition and adoption. The Vietnamese Ministry of Finance also announced that […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishSince April 26, the USD/JPY pair has resumed an upward move after falling to the low of level 108.00. Firstly, the Yen has broken above the moving averages which indicates a possible rise of the pair. The pair is currently […]
Read moreUniswap Price Analysis – May 06 When the bulls gain more pressure to break up the resistance level of $43, the price will increase to the resistance level at $50 which may extend to $63 level. In case the bears increase pressure to break down the support level of $37, Uniswap price may decrease to […]
Read moreKey Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BullishToday, the DOGE price is retracing after rallying to the high of $0.70. In the previous price action, the DOGE price was stalled below the $0.40 price level. After a downward correction, the altcoin further decline to $0.15 as bulls bought the […]
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EUR/JPY was into a corrective phase after reaching the 132.36 level. It has declined as much as 130.98 where it has found support again. Now it has rebounded jumping above the immediate downtrend line signaling that the swing lower could be over. Euro could resume its appreciation if the German Factory Orders and the Euro-zone […]
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