USD/CAD is trading in the red on the H4 chart at 1.1516. It has dropped as the Dollar Index has slipped lower from 92.35 today’s high. DXY’s further decline after the US data release could bring further drop in USD/CAD. Technically, USD/CAD is still expected to drop despite the most recent rebound. The price has […]
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Uniswap Price Analysis – August 05 Further increase in the bulls’ momentum will penetrate the resistance level of $26 and this may increase the price to $30 and $37 resistance levels. In case the bears defend the resistance level of $26, Uniswap price may decrease to $21, $14 and $12 price levels. UNI/USD Market Key […]
Read moreNew reports from Coindesk revealed that JP Morgan Chase & Co. has begun pitching a Bitcoin (BTC) fund to its private clients this week. The behemoth financial institution originally announced in April that it had entered a partnership with NYDIG to launch a Bitcoin fund. JPM touted the new fund as the safest and cheapest […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingUKX index is retracing after retesting level 7200 resistance. Buyers have retested the resistance on four occasions but were unable to break above it. UKX will fall as it faces rejection from the recent high. The current uptrend has reached the […]
Read moreThe new Google ad policy for financial products and services (including cryptocurrency), first announced in June, has taken effect today. A notice in the behemoth search engine’s website detailed that: “Beginning August 3, advertisers offering cryptocurrency exchanges and wallets targeting the United States may advertise those products and services when they meet the following requirements […]
Read moreDollar: After significantly weaker-than-expected ADP job statistics, US futures are heading south. As risk sentiment shifts back to caution, the yen gains a significant amount of ground. However, the NZD and AUD are still the most powerful today. The dollar is the next weakest currency and appears fragile, especially versus European majors and the yen. […]
Read moreS&P 500 Price Analysis – August 4 The S&P 500 began the day considerably lower, showing losses at the beginning and failing to keep over the prior week’s high of 4431 levels. The index was down 0.25 percent on the day at 4406 as of this writing. On Wednesday, the Automatic Data Processing (ADP) Research […]
Read moreUSDCAD Price Analysis – August 4 USDCAD pushes up after employing the cup and handle formation. The market used this formation to effect a reversal in the market direction after a long period of downtrend movement which dates back to last year. Price kept making lower highs and lower lows consistently. This continued till the […]
Read moreKey HighlightsEthereum is in a range bound moveEther consolidates above $2,400 Ethereum ETH) Current StatisticsThe current price: $2,583.00Market Capitalization: $302,125,091,039Trading Volume: $302,125,091,039Major supply zones: $2,800, $3,000, $3,200Major demand zones: $2400,, $2,200, $2,000 Ethereum (ETH) Price Analysis August 4, 2021 Following the bearish impulse of August 3, Ethereum fell to $2,464.20 low and resumed consolidation above […]
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