Sponge is heading in the direction of the $0.000136 level SPONGEUSDT Price Analysis – 04 August SPONGE may be able to attack the $0.000196 and $0.000330 levels if the Bulls keep up their push and manage to break through the $0.000136 resistance level. Key Levels: Supply level: $0.000136, $0.000196, $0.000330 Demand level: $0.000093, $0.000006, $0.000004 […]
In a compelling turn of events, the South African rand showcased remarkable resilience against the US dollar during Friday’s trading session. The currency’s resurgence was notably propelled by a decline in the greenback’s value, which was spurred by a batch of encouraging employment data. As of the time of this report, the rand boldly stood […]
Currency analysts are painting a promising picture for the Canadian dollar (CAD) as central banks worldwide, including the influential Federal Reserve, edge closer to the conclusion of their interest rate hike campaigns. This optimism has been revealed in a recent Reuters poll, where nearly 40 experts have expressed their bullish forecasts, projecting the loonie to […]
Market Analysis – August 2nd The FTSE 100 continues to decline as bears take control, breaking below the 7640.00 market level. After a period of bullish favor, the market saw a significant boost from the 7248.10 level in June. The buyers managed to gain momentum, pushing the price higher to a significant level of $7640.00. […]
In a surprising turn of events, the U.S. dollar displayed remarkable resilience in the face of Fitch’s recent credit rating downgrade from AAA to AA+. Despite the move drawing an angry response from the White House and catching investors off-guard, the dollar barely budged on Wednesday, indicating its enduring strength and prominence in the global […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY is rising and trading above the moving average lines with resistance at 158.00. The rising price movement, however, has ceased since June 27. Since then, the pair has resumed a sideways trend below the 158.00 mark. The […]
Market Analysis – August 1st US 30 buyers experience a slowdown in their momentum. The buyers of the US 30 are currently experiencing a decline in momentum as the bulls struggle after breaking above the key level of 35263.80. Despite the initial breakthrough at this significant level, the market has lost its buying pace. After […]
Market Analysis – July 31st Nasdaq 100 (NAS100) bullish strength is in check as it is managing to fight back. The bullish market is experiencing a tumultuous period as the stock price has been steadily progressing forward. The buyers have yet to break through the 15876.50 key level. Last month, a surge in the Nasdaq […]
Market Analysis – July 31 GBPUSD makes an effort amidst sell pressure. The buy traders are suddenly reducing the bearish pressure the market is experiencing. The past week saw a significant sell-off in the GBPUSD market, with the sellers pushing prices below the 1.28270 market level. Despite this, the market eventually closed with a bullish […]
