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Last Updated: April 9th, 2021
The Canadian dollar jumped sharply in the early American session, helped by much better-than-expected employment data. Canada’s March employment report released Friday was better than expected. Analysts at the National Bank of Canada note that Canada should not yet claim victory, as new losses are likely in April. Monthly data released by Statistics Canada showed […]
Prominent US online brokerage provider Robinhood recently reported that the number of users that trade cryptocurrencies on its platform grew by six times in Q1 2021. According to a blog post dated April 8, Robinhood revealed that a total of 9.5 million users traded on its platform in the first quarter of 2021 alone, a […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: RangingUSOIL was earlier in an uptrend. WTI faced rejection at $67.50 resistance. The market declined to a $57.50 low and resumed a range-bound move. Presently, WTI is fluctuating between levels $57.50 and $67.50. Since March 18, USOIL has been in a range-bound […]
Tron (TRX) has posted more than 140% in gains over the past two weeks and still shows healthy prospects for additional gains in the near term. According to some reports, here are some of the crucial fundamental factors underpinning the prospects for more gains in the sixteenth-largest cryptocurrency. Firstly, the Tron network is launching a […]
EURJPY Price Analysis – April 9 During Friday’s European session, the EURJPY picks up steam from the prior day’s recovery at the 130.00 level and continues to pursue higher levels around the 131.00 regions. The pair will have to overcome a 130.66 upside barrier to improve its traction towards the 131.00 level. The firm daily […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY is in an uptrend but currently faces rejection at level 153.00. The pound is falling after rejection at the recent high. The pound price has broken the 21-day SMA and it is approaching the 50-day SMA. A break below […]
BNBUSD Price Analysis – April 09 Further price increase is envisaged as long as bulls maintain or increase their momentum and the resistance level of $420 level is penetrated, then, the resistance level at $485 and $545 may be tested. The breakdown of the $364 price level will expose the coin to $311 and $254 […]
Key Resistance Levels: $40, $42, $44Key Support Levels: $30,$28,$26 Polkadot (DOT) Price Long-term Trend: BullishOn April 2, buyers pushed DOT price above the $40 resistance. The altcoin rallied to $46.74 high but was resisted. With this breakout, the crypto has broken the range movement of February 20. However, for the past 48 hours, the coin […]
ECB minutes for the March meeting supported EURUSD. The protocol showed that policymakers saw risks to economic growth thanks to the huge US fiscal stimulus. Meanwhile, despite higher near-term inflation, inflation should remain low and below the central bank’s target. Policymakers also pledged to speed up PEPP purchases in 2Q21 to curb profit margins. Policymakers […]
The euro exchange rate on Thursday remained practically unchanged. The EUR/USD pair is currently trading at 1.1880, up 0.07% over the day.At the beginning of the week, the euro was very hot: the EUR/USD pair rose by almost 1.0% and for the first time in two weeks climbed above the 1.19 level. However, the pair […]
