Key Resistance Zones: 35000, 35500, 36000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS30USD is trading above the moving averages as price reaches the high of level 35. There is a tendency for prices to rise in the bullish trend zone. The index has risen to level 35430 at the […]
NZDUSD Price Analysis – October 19 NZDUSD races back to a key significant key level in a bullish market. Kiwi continues to amass maximum strength by pushing the price upward. The market accelerated, breaking through an important key level of 0.69800 before advancing upward. The sellers dropped from the 0.71500 price level down to the […]
Today, there is more selling in the Dollar and Yen. On rising expectations of RBNZ rate rises, the New Zealand Dollar is currently the greatest gainer. While the Australian dollar is also strong, the Sterling is slightly dominating the show, thanks to fresh Euro buying. ECB governors’ cautious comments aren’t helping the Euro, even though […]
USDCHF Price Analysis – October 19 On Tuesday, the US dollar fell slightly against the Swiss franc. The pair fell lower to settle below 0.9200 after touching the high at 0.9242 in the US session. The USDCHF currency pair is currently trading at 0.9225, down 0.15 percent on the day. As traders’ decisions are influenced […]
Key HighlightsLTC faces rejection at level $192Litecoin may continue the range-bound move below the overhead resistance Litecoin (LTC) Current StatisticsThe current price: $186.50Market Capitalization: $15,661,203,468Trading Volume: $2,633,865,388Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis October 19, 2021Litecoin (LTC) has retraced to $188 after retesting the $188 overhead resistance […]
Key Support: 1775 Key Resistance: 1790 – 1800 After last Friday’s move (-2.17%) Gold has rallied from a very Thick zone (1745-1760) towards the top of last week’s range whilst still trading inside of a very steep bearish structure. The DXY is very bearish at the moment and that should bring more bullish pressure in […]
The GBP/USD price was into a temporary retreat after taking out a major dynamic resistance.Still, in the short term, the bias is bullish. The pair could jump higher after the current decline. The price action signaled that the short-term decline ended and that the bulls could take full control again. GBP/USD will be driven by […]
CEO of Microstrategy Michael Saylor has advised Nigeria and Zimbabwe to issue currencies backed by Bitcoin (BTC) to help them address economic challenges. Speaking in a video, where he also addressed claims that the Bitcoin network was too big to scale, Saylor suggested to the African nations to purchase $2 – 3 billion worth of […]
ADA Price Analysis – October 19 A breakout at $2.30 resistance level may push the coin to $2.68 and $3.0. On the other hand, a breakout at the support level of $1.87 may reduce the price to $1.64 and $1.46 levels. However, the relative strength index is at 40 levels pointing down to indicate sell […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishSince September 30, GBP/USD has been in an upward move. The bulls have broken above the moving averages but faced rejection at level 1.3800 resistance zones. The pound is retracing to the support above the 50-day SMA. The uptrend will […]
Choosing the Best Forex Brokers For Trading
All looks simple, but until you come across the worst broker, it is when you’ll realize that trading forex is not a walk in the park. Working with the best forex broker will determine how successful you can become in the market. Interestingly, there’re several brokers available, with almost all of them claiming to be the “best.” However, not all deliver what they promise or simply what they claim to offer. Therefore, it requires that you go the extra mile to define which broker is really the best for your needs.
How Do Brokers know the Stocks to Invest In?
Everybody has got an option, and when it comes to the tricky game of investing and trading, it’s no difference. If you went out to seek recommendations on the stock to invest in, you’d probably get several of them with each professional giving a reason for their choices. But the question stands, how do brokers pick the right stocks to invest in?