The global stock markets recorded an upbeat sentiment on Thursday following data released from the US indicating that the recent increase in Omicron infections had not triggered a surge in layoffs, which analysts assert is a positive indicator for the economy. Additionally, the latest development led to a decent increase in oil prices and the […]
AUDUSD Price Analysis – December 30 AUDUSD is recovering off a major support level at 0.69980. The price is now recovering from bearish bouts that were sustained as the market plummeted from a high-level resistance at 0.75480. Rejection at that level ensures a 7.30% price drop to the 0.69980 significant level on the 3rd of […]
2021 saw a significant spike in cryptocurrency ATMs across the globe, with over 20,000 new machine installations since December 2020. Interestingly, the newly-added machines are more than all the crypto teller machines that have existed in the past seven years. Installation growth chart by Coin ATM Radar showed that the total number of all Bitcoin […]
Uniswap (UNI) has become the most traded asset among Ethereum whales, also known as the 1,000 largest addresses in the network, beating Chainlink out of the position. According to analytics platform WhaleStats, one of the whale wallets holds over $100 million worth of UNI. Apart from this, UNI remains the most held token on the […]
BNBUSD Price Analysis – December 31 The price may decrease further to $430 and $364 support levels provided the support level at $503 does not hold. In case the just mentioned level holds, BNB price may increase towards the resistance levels at $540, $599, and $678 BNB/USD Market Key levels: Supply levels: $540, $599, $678 […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BullishGold’s (XAUUSD) price is above the moving averages as it faces rejection at an overbought region. Presently, the market has broken above the moving averages indicating further upward movement of prices. In retrospect, the previous downtrend has been terminated […]
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Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price has broken below the 21-day line moving average as it reaches bearish exhaustion. The implication is that sellers will attempt to sink the altcoin further to the downside. DOGE price has fallen to the low of $0.17 and buyers […]
USDJPY Price Analysis – December 30 USDJPY pulls back to the supply zone after a massive displacement on the 26th of November. The market was in long-term consolidation from early June till late September. During the period, the market ranged between the 110.750 supply zone and the 109.250 demand zone. A prominent breakout was seen […]
The Japanese yen fell to a new monthly low against the British pound in the early European session on Thursday, as the GBP/JPY surged amid a reinvigorated risk appetite in investors. The investor outlook comes amid improved sentiment in the market as governments hold off on implementing new lockdown restrictions, despite the rising spread of […]
