Key support: 1.25 Key Resistance: 1.27 – 1.28 The USDCAD has bee trading down for the past 2 weeks (-2.66%) but we are still looking for longs here. The reason is that the overall trend in this market is bullish (more so with crude recovering from its drop to 61). The immediate bearish structure was […]
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ADA Price Analysis – September 07 In case Price reverse at $3.0 level, bearish movement may start towards the support levels at $2.6, $2.3 and $1.8. The breakout at the resistance level of $3.0 may lead to the continuation of bullish trend towards the $3.3 and $3.7 levels. ADA/USD Market Key Levels: Resistance levels: $3.0, […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: RangingGBP/USD has resumed upward move to retest level 1.4000 resistances. Buyers have made two attempts to break above the resistance level. The current uptrend is facing resistance at level 1.3868. The current resistance is expected to find support above the […]
Read moreEightcap, an award-winning CFD broker, has announced the launch of over 250 Cryptocurrency derivatives, allowing its clients to diversify their crypto portfolio via the MT4 and MT5 platforms. This new launch positions the broker as the new home of crypto derivatives and the largest within the CFD sector. The broker recognises the current worries retail […]
Read moreThe AUD is weakening somewhat ahead of the RBA’s policy announcement tomorrow. Activity in the forex market is minimal today, and markets are anticipated to stay calm while the United States and Canada are on vacation. The dollar is recouping some of its huge losses from last week, but the rising impetus stays modest. The […]
Read moreAUDJPY Price Analysis – September 6 AUDJPY finally breaks out from a descending trend after its initial failure to push out. Price has been on the decline for a total of 11 weeks before it finally breaks through. There was an initial cause for optimism on the 5th of August 2021, when the market edged […]
Read moreNZDUSD Price Analysis – September 5 NZDUSD is set to lose its bullish momentum as sellers continue to add more pressure to the market. There has been a market shift as price begins to consolidate between the significant key levels of 0.73160 and 0.71620. Price then broke through the 0.71620 significant level, indicating that the […]
Read moreKey Highlights BCH faces rejection the high of $804BCH/USD reaches overbought region Bitcoin Cash (BCH) Current StatisticsThe current price: $768.10Market Capitalization: $16,113,509,748Trading Volume: $3,921,302,408Major supply zones: $700, $720, $740 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis September 6, 2021 On September 5, Bitcoin Cash (BCH) broke above the $715 resistance and […]
Read moreCardano (ADA) has come under criticism following reports of a concurrency issue discovered in the Alonzo testnet. The Cardano team announced some days ago that the Smart Contract functionality had gotten integrated on the Alonzo Testnet. The Alonzo Mainnet upgrade will go live on September 12. However, a recent Twitter thread by Ethereum enthusiast Anthony […]
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