AUDUSD Price Analysis – December 2 In recent activity, the AUDUSD fell below the 0.7100 barriers and is currently trading 0.16 percent down on the day, pressured down by positive US data. The Fed Chair Jerome Powell’s optimistic view of the economy and statement that the bank should press on with policy tightening in face […]
Read moreA decentralized autonomous organization (DAO) is an organization represented by guidelines encoded on a computer program, and is controlled by members of the organization and secure from external influence. In an investment-focused DAO, several investors pool funds towards a unanimous investment goal. The goal could include investing in startups, organizing grants, or purchasing NFTs. With […]
Read moreKey Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price is in a downward move but the selling pressure has reached bearish exhaustion. The cryptocurrency fell to the low of $0.19 as bulls bought the dips. The $0.19 support is crucial because it is the historical price level of […]
Read moreUSDJPY Price Analysis – December 2 USDJPY market plans to set up below the consolidation level of 112.690 zones as a result of sellers’ persistence in the market. The bears plan to set up the movement of the price in a bearish order flow in the market. Furthermore, the sellers are willing to cause a […]
Read moreBitcoin (BTC), alongside the global stock markets, continues to suffer FUD amid the emergence of the Omicron COVID-19 variant. A risk-off sentiment in global financial markets, continued bond tapering efforts by the Federal Reserve, and high leverage on BTC derivatives are all near-term volatility-inducing factors for Bitcoin’s price action. Despite all these, the on-chain metrics […]
Read moreUniswap Price Analysis – December 02 When the bulls increase their pressure, price may be pushed to close above the resistance level of $22, the price may test the resistance levels of $24 and $27. In case the price break down the support level of $19, it may decrease the to $14 and $12 levels. […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 (UKX) is in a downward move after rejection at level 7400. The downtrend has reached bearish exhaustion. The index rebounded above level 7005 and it is approaching the high of level 7220. There is a likelihood of the index […]
Read moreAussie was boosted by better-than-expected GDP figures. However, any news on Omicron might re-ignite volatility. Australia’s GDP contracted by -1.9% QoQ in the third quarter, better than expected by -2.7% QoQ. Over the year, GDP grew by 3.9%. Global stock markets are recovering marginally today, with concerns over Omicron remaining stable for the time being. […]
Read moreS&P 500 Price Analysis – December 1 The S&P 500 index has dropped below 4,600 one more time from an intraday high of 4,653 reached in the day. On the first trading day of the month, the index fell 0.32 percent, putting the S&P 500 on track for a corrective pullback under the 4,550 level. […]
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