FTSE 100 (UKX) Is in an Uptrend, Battles the Resistance at Level 7200

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Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index is in an upward move. Presently, UKX is facing rejection at level 7200. On June 17, the index was repelled as the market declined to level 6990. The index is recovering as it resumed its upward move. Meanwhile, on […]

Dollar Rises on ADP Job Data, Pound Rebounds As BoE Haldane Speaks

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After better-than-expected economic figures, the dollar and the loonie rose in the early US session. Following the Bank of England’s top economist’s hawkish comments, sterling is intensely watched. Today, the Swiss Franc is the worst-performing currency, followed by New Zealand and Australian Dollars. The dollar has passed the first data test, and attention will now […]

USD/CAD Retests Overbought Region at Level 1.2500, May Face Rejection

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: BearishUSD/CAD has resumed a partial upward move after reaching the low of 1.2300. Presently, the currency pair is trading in the overbought region of the market. The pair is trading at level 1.2406 at the time of writing. Meanwhile, on […]

Ripple Appoints Former Mastercard Executive for Its European Operations

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In its continued effort to grow in mainstream market adoption, Ripple (XRP) has announced the appointment of Sendi Young as the managing director of its European operations. Sendi brings over 15 years of experience in the fintech sector and global payments solution to “oversee strategy and champion the expansion of Ripple’s global financial network technology, […]

Ethereum (ETH) Price Analysis: Ether Resumes Uptrend but May Face Rejection at $2,400

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Key HighlightsEthereum rebounds above the previous low at level $1,717The altcoin is likely to resume an upward move Ethereum ETH) Current StatisticsThe current price: $2,123.30Market Capitalization$247,927,183,514Trading Volume: $23,064,862,946Major supply zones: $2,800, $3,000, $3,200Major demand zones: $2400,, $2,200, $2,000 Ethereum (ETH) Price Analysis June 30, 2021 Since June 26, Ethereum has been making positives move on […]

GBP/USD Double Bottom Pattern!

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GBP/USD has found strong support in the short term and now it looks to trade higher. The Pound is bullish right now even if the UK’s data have come in mixed earlier. The Current Account was reported at -12.8B higher versus -13.9B expected and compared to -26.3B in the previous reporting period. The Final GDP […]

XLM/USD (Stellar) Price: Bulls Are Gathering Momentum to Dominate Market

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STELLAR Price Analysis – June 30 Further increase of the bulls’ momentum may break up the resistance level of $0.30, which may leads to further price increase to the $0.42, later it may extend to $0.50 level. In case the bulls’ pressure are unable to break up the resistance level of $0.30, bears may continue […]

US Wall Street 30 (US30USD) Consolidates below Level 35000, Uptrend Is Likely

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Key Resistance Zones: 34000, 34500, 35000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS Wall Street 30 is in a range bound move below level 35000. Since May 7, the index has been trading below it. The index retested the resistance zone twice and was repelled. Buyers are still retesting […]

Ark Invest Joins Race to Launch First Bitcoin ETF in the US

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Famous investment company Ark Invest has just announced a Bitcoin ETF filing with the SEC. The firm revealed that it partnered with 21Shares in its ETF undertaking because of its experience in this field. The proposed BTC ETF will get listed as ARK 21Shares Bitcoin ETF. The proposed ETF will track the performance and price […]

EUR/CHF Declines, Makes Lower Highs and Lower Lows, Targets Level 1.0827

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Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is in a downward move. The currency price has continued to make series of lower highs and lower lows. The pair is making a lower high at level 1.0961. Rejection at the recent high will signal the resumption […]