Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishThe pair has resumed an upward move. The Loonie was earlier in a downtrend. It fell to level 1.03050 and commenced resumption of the uptrend. The price has broken above the SMAs which indicates a further upward movement of the […]
Gold (XAU/USD) continued to etch lower through the early European session on Wednesday and has just recorded a fresh six-week low around $1873 in the past few hours. Worries over a second wave of the deadly Coronavirus disease continued to bolster the US dollar’s (DXY) demand as the global reserve currency. This, consequently, was one […]
XRP/USD Market September 23 More pressure from the bears can reduce the price to 0.29 and $0.17 level. The inability to break down the $0.22 level may result in strong bullish momentum which will be targeting resistance levels at $0.25, $0.27, and $0.29. Key Levels: Resistance levels: $0.25, $0.27, $0.29 Support levels: $0.22, $0.20, $0.17 […]
Key HighlightsEthereum is in a downtrend, may revisit the low of $310The king coin may further decline if the $310 support cracks Ethereum (ETH) Current StatisticsThe current price: $340.77Market Capitalization: $38,409,814,313Trading Volume: $13,841,563,162Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis September 23, 2020Today, Ether is trading at $340 […]
ADA Price Analysis – September 22 The crypto may continue a bearish trend towards the support level of $0.07, break down the level, and descend to $0.06 and $0.058. In case the support level of $0.07 is defended by the bulls, the price will reverse to change the trend to upwards and resistance levels can […]
The dollar was the strongest, appreciating against most major rivals. The shared currency was undermined by fears that the economic recovery could take longer than anticipated, as the second wave of coronavirus hits Australia. The overall markets are relatively steady today. The dollar attempted for a brief rally in the early European session. But it […]
Over recent days, Bitcoin (BTC) has been forging a strong correlation to the equities market once again and it has been observed that this occurs usually when global uncertainty is rife. Currently, investors are wracked with fears over the dwindling prospects of second domestic stimulus measures in the US, coupled with the weaning possibility of […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is range-bound. Presently, the price is in a downward move to break the lower price range. If the lower price range is broken, the index will be in a downtrend. In the meantime, it is consolidating between […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair is in an uptrend but it is facing rejection at the recent high 0.6800. The market is currently falling but has reached bearish exhaustion. The selling pressure will terminate at level 0.6593. Daily Chart Indicators Reading:The Kiwi has […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair is on a downward move. A green candle body tested a 50% Fibonacci retracement level. The Yen will fall and reach a low of 2.0 Fibonacci extension level. In other words, the downtrend will extend to the […]
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?