Bitcoin regained slight bullish traction earlier today and crossed the $40k mark following an announcement from the Biden administration on the US spending budget. The President of the United States, Joe Biden, will submit a $6 trillion spending budget proposal later this week. Although Bitcoin rallied at the news, it failed to sustain the bullish […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishToday, the Yen has rebounded above level 108.80 to retest the resistance at level 109.80. The pair will resume an uptrend once the resistance at level 109.80 is breached. On May 3 uptrend; a retraced candle body tested the 50% […]
Read moreThe pound sterling has risen sharply today as Bank of England officials hinted at a rate hike next year. Even though additional time is needed to analyze the issue, UK Prime Minister Boris Johnson said there is nothing in the data that indicate a delay in reopening on June 21. Nonetheless, for the time being, […]
Read moreAUDUSD Price Analysis – May 27 During the first half of the European session, the AUDUSD pair oscillates amid mild gains and modest losses and was last seen trading in the neutral zone, just below the mid-0.7700s. The recent COVID lockdowns in Australia, as well as a milder risk tone, limited the Aussie’s upward potential. […]
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Key Support: 1890 – 1870 Key Resistance: 1910 – 1925 Gold has been in a very strong bullish move since the beginning of April (+13.78% move) breaking with the long term bearish structure it had been trading in since it hit all time highs back in August 2020. The last time we broke with a […]
Read moreKey Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishSince May 19, Dogecoin fell to $0.215 low as bulls bought the dips. DOGE price corrected upward and resumed consolidation above $0.33. The coin has reached bearish exhaustion and may reverse but not immediately. Meanwhile, on May 10 downtrend, a retraced candle […]
Read moreUniswap Price Analysis – May 27 An increase in the bulls’ pressure to break up the resistance level of $30 may lead to price increase to the resistance level at $37 and $43 levels. In case the bears defend the resistance level of $30, Uniswap price may decrease to $26, $21 and $15 price levels. […]
Read moreThe President of Iran, Hassan Rouhani, has announced a four-month ban on all cryptocurrency mining activities ahead of elections. The announcement came on Wednesday, a day after the Iranian Energy Minister, Reza Ardakanian, apologized for unexpected power cuts across large cities. Iranian public officials have always blamed unlicensed cryptocurrency mining operations for consuming significant amounts […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index is in a downward move. On May 7, the index reached its peak price of level 7143.50 and was resisted. UKX dropped to level 6912 and resumed consolidation above level 6900. UKX is fluctuating above the 21-day SMA for […]
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