According to Investopedia, Bitcoin is a cryptocurrency that acts following the ideas set out in a whitepaper by the pseudonymous Satoshi Nakamoto. This digital or virtual currency uses peer-to-peer technology to facilitate instant payments. Bitcoin is just like an online version of cash which can be used to purchase products and services. Although still novel, […]
BNBUSD Price Analysis – December 19 The ability to break up the resistance level of $31 will expose the price to $33 and $37 price levels. In case the support level of $31 is defended by the bears, the price may reverse and continue its bearish movement towards the support levels of $29, $26 and […]
AUDUSD Price Analysis – December 17 The AUDUSD propels to a session high past 0.7620 during the European session while extending its four-day in a row winning traction. The US stimulus progress is responsible for the US dollar’s slide and may be mainly attributed to the optimism over the progress on a US $900 billion […]
EURUSD Price Analysis – December 17 The major European currency rose to a new 2020 high, surpassing 1.2220 during the London session, continuing its gains for four days in a row. A combination of supporting factors pushed the pair towards the 1.2200 marks, such as progress in stimulus talks and Brexit talks, which are responsible […]
Price Analysis – December 17 Further increase in the bulls’ pressure will increase the price to the $3.3 resistance level; the bullish momentum may extend to $3.7 and $4.4. However, the support levels below the current price can found at $3.0, $2.7, and $2.4. Key Levels: Resistance levels: $3.3, $3.7, $4.4 Support levels: $3.0, $2.7, […]
XRP/USD Market December 17 In case the bulls were able to maintain their pressure and sustain the price above the $0.55 level, then, $0.63 price level may be reached. Should the bears push down the price to penetrate the $0.55 and the price close below it, the bearish trend may continue and the support level […]
GBPJPY Price Analysis – December 16 GBPJPY increases at the day’s start, up 0.08% intraday, as markets in the European session continues rev for Wednesday’s trading. The buying interest around the British pound picked up the pace and propelled the GBPJPY cross to two-day highs around the 139.79 regions. Britain and the European Union agreed […]
EURCAD Price Analysis – December 16 EURCAD is currently trading between moving average 5 and 13 after a bounce past the 1.5500 level during the European session on Wednesday. CAD appears to have received dents from comments of the BOC deputy governor that economic recovery is at a very difficult stage as rising Covid-19 infections […]
ADA Price Analysis – December 15 Should the bulls increase their momentum and push the price above the resistance level of $0.16, then, $0.17 and $0.19 may be tested. In case the price is rejected at the $0.16 level, price consolidation may commence. The support level can be found at $0.13, $0.11, and $0.10 levels […]
