The Canadian dollar, commonly referred to as the loonie, experienced a significant dip, marking its lowest point in nearly a month against the U.S. dollar, trading at 1.3389. The primary catalyst behind this decline is the mounting apprehension concerning the impact of elevated interest rates on the Canadian economy. The Bank of Canada (BoC) has […]
Market Analysis – January 8th Nasdaq bears dominate as buyers remain silent. The index continues to experience fallout as buyers remain in silent mode, allowing the bears to exert their dominance. The price has been responsive to the increasing bearish pressure. Therefore, it appears that buyers have been dealt with over the past few days. […]
Market Analysis – January 8th GBPUSD buyers struggle in the consolidation phase and are waiting for a breakthrough. The price remains pinned down in a consolidation phase, with the bullish trend disappearing from the radar as buyers lose hope. The bulls are currently engaged in a battle before a final breakthrough can occur. Buyers have […]
Buyers oppose sellers at $0.46 level ADA Price Analysis – 09 January Cardano may drop as low as $0.46 or $0.41 if sellers can keep it below the $0.50 support level. If the $0.54 barrier is breached, the resistance levels at $0.59 and $0.65 will be examined Key Levels: Resistance levels: $0.54, $0.59, $0.65 Support […]
NZDUSD Analysis – January 8 NZDUSD is set to resume its uptrend as the price approaches the discount zone and the oversold state, according to the Stochastic Oscillator. The bounce off the $0.6410 resistance led to an increase in selling momentum, causing the price to reach the demand zone at $0.5770. The market then entered […]
Market Analysis – January 6th USOil buyers intercept sellers, creating the potential for bullish action.The bearish course of WTI (USOil) has encountered obstacles due to a lack of significant liquidity flow. This week, buyers have seized a trading opportunity from sellers. This resulted in a quick drive from the 69.300 significant level and a revival […]
Market Analysis – January 4th Gold faces selling pressure as bulls maintain resilience. XAUUSD has been experiencing selling pressure as sellers pierce through important key levels. The bulls have shown determination and have managed to keep the struggle going. However, it is only a matter of time before the selling traders potentially drive the price […]
The British pound gained against the dollar on Thursday as new data revealed a robust performance of the UK economy in the last quarter of 2023. The Bank of England (BoE) reported a surge in borrowing and mortgage activities among British consumers in November, reaching levels unseen since approximately 2016. This uptick suggests that, despite […]
Buyers’ are increasing in Sponge market SPONGEUSDT Price Analysis – 03 January Bullish momentum will accelerate and test the barrier levels at $0.000402 and $0.000501 if Sponge breaks over $0.000330. Furthermore, a stronger bullish increase might drive the price beyond $0.000402. SPONGEUSDT Market Key levels: Resistance levels: $0.000330, $0.000402, $0.000501 Support levels: $0.000262, $0.000196, $0.000136 […]
