Stock tokens, typically held by Binance, are digital assets that closely track the price action of traditional financial securities, like stocks of publicly traded companies. These tokens are delta-one products backed by physical shares, which means that price movements in the underlying assets are replicated to the tee by the derivative. Unlike traditional stocks, interested […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD is rising to retest the resistance at level 1.4000. The resistance has remained unbroken since February 25. Meanwhile, on April 20, the pair was resisted but the retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates […]
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Key Support: 108.85 – 108.75 Key Resistance: 109.65 The USDJPY has been trading inside of a very structured bullish market for the past week and we are looking to capitalize on a dip buy to test the previous key level and the bottom of the structure. In the long term we are still holding our […]
Read moreThe US dollar started May with slight gains against major currencies but declined against commodity currencies. The ISM Manufacturing PMI is seen as the first hint of nonfarm payrolls, and EZ numbers are also interesting despite the weekend in Europe. Markets seem to have returned to moderate risk in Europe, ignoring the sell-off in Asia. […]
Read moreKey Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingThe pair has continued its sideways trend since February 24. It has been fluctuating between levels 83.00 and 85.00. The upward move will resume if price breaks above level 85.00 high. Today, the currency pair is retracing from the high […]
Read moreEthereum Classic (ETC) has regained its standing above the $49 level, as the cryptocurrency printed a new all-time high. At press time, the thirty-first-largest cryptocurrency is trading up by +10% today, with a new record high at $50.45. The ETC is not alone in the bullish rally as most of the cryptocurrency industry is in […]
Read moreEURUSD Price Analysis – May 3 Euro remains on the defensive after dips were contained above the 1.2000 level early during Monday European session. The EURUSD holds low at 1.2013 as buyers struggle to retake control of the trend. Concerns about Europe’s recovery, as well as hawkish Fed remarks, may hold the pair under pressure. […]
Read moreKey Highlights “BCH struggles to break above $1,000 resistanceThe altcoin has a target price of $1,966 high Bitcoin Cash (BCH) Current StatisticsThe current price: $1,020.85Market Capitalization: $21,433,893,350Trading Volume: $2,596,463,445Major supply zones: $700, $720, $740 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis May 3, 2021 Bitcoin Cash price has broken above the […]
Read moreBitcoin SV Price Analysis – May 03 In case the bulls penetrate the resistance level of $364, there will be an increase in price towards the resistance level of $439 which may extend to $520 level. If the bears’ momentum interrupt the bullish momentum at $364, the price may face the support levels at $311, […]
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