Key Support: 1860 – 1872 – 1882 Key Resistance: 1895 – 1910 After last Friday’s rally in Gold prices on US employment data missing expectations we closed the day with a big 2.17% range on the bullish side. On Sunday Gold opened lower and and fell below the weekly pivot stabilizing it’s down side around […]
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According to the Minister of Economic Affairs and Finance of Iran, Farhad Dejpasand, the country is getting closer to fulfilling its income tax targets. The minister noted that the adoption of new technology, like blockchain, has helped Iran grow its revenue and currently accounts for a third of the budget revenue growth. Dejpasand noted that: […]
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GBP/USD dropped after reaching a static resistance level. Still, the decline could be only a temporary one as the pair is located above major dynamic support. The DXY remains under selling pressure, so a further decline should weaken the greenback. The price has declined a little after Friday’s rally. Technically, maybe it was a natural […]
Read moreKey Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. The WTI has risen to $69.32. The crude oil is facing resistance at the recent high. Meanwhile, on April 20 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that WTI will […]
Read moreKey Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend. On Mat 27, the pair reached the high of level 156.00. The currency pair was resisted as the market resumed a downward move. The uptrend will resume if price retraces and finds support above […]
Read moreThe Aussie has risen further, reaching a new high of 0.7745. After a 70-pip rebound from the lows, it has remained at the top, erasing the majority of the week’s losses. The Aussie rise was sparked by a general decrease in the US dollar following the release of the US employment report. Payrolls increased by […]
Read moreXAGUSD Price Analysis – June 6 After failing to profit from the weaker DXY on Friday, the XAGUSD saw some buying near the $27.00 mark. As buyers hunt for upside continuation, the pair is correcting but could be headed for a new high. As buying interest ramped up at the $27.22 level, silver is currently […]
Read moreMonero (XMR) Price Analysis: June 06 In case there is further increase in the bears’ momentum a breakdown of $244 support level may be experienced, which may drop the price to previous low of $189. The breakup of $322 resistance level will increase Monero price towards $361 levels and beyond Key Levels: Resistance Levels: $281, […]
Read moreIn its unrelenting efforts to develop and release a digital yuan, Shanghai authorities have announced that they would distribute $3 million worth of the Chinese central bank digital currency to Shanghai residents. As seen in other parts of China in the past, the digital currency will get distributed through a lottery. The state-run Xinhua news […]
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